#United States #Boise #Perpetua Resources #Stibnite Project #Q3 2026

Perpetua Resources Reports Positive Q3 2026 Financial Results

Perpetua Resources Corp. (Nasdaq: PPTA) welcomed the completion of Q3 2026 with announcement of unaudited condensed consolidated financial results for the period ending September 30, 2026. Jon Cherry, the President and CEO, expressed optimism about the company's progress in various project areas. The Stibnite Gold Project, in particular, has shown promising advancements in construction and exploration activities.

Significant Progress Made

In the third quarter, several initiatives were set into motion, including the establishment of both temporary and permanent worker housing, as well as the development of new access routes to the project site. Cherry emphasized that "Our Stibnite Gold Project is well positioned to move forward with disciplined execution," underscoring the company’s commitment to responsible development.

The company's exploration program yielded compelling results, showcasing new high-grade gold intervals along with an exciting discovery of a gold-tungsten zone. The announcement surrounding these achievements has attracted interest from both investors and stakeholders alike.

Upcoming Webinar

To provide further insights, Perpetua Resources announced a webinar scheduled for November 17, 2026. During this event, members of the executive team will share detailed updates on project construction and a summary of exploration outcomes. The session will conclude with a Q&A segment, allowing participants to engage directly with the management team. Interested parties can join via the provided registration link, and the presentation will later be accessible on Perpetua's official website.

Third Quarter Highlights

Construction Initiatives

In late August, Perpetua completed civil works for the construction worker housing, marking a critical milestone. Foundation installation commenced shortly thereafter, indicating a strategic move to enhance worker conditions. Moreover, progress was made on the Burntlog Route, a vital access road expected to facilitate improved transportation of materials and personnel.

Exploration Drilling Achievements

The exploration drilling program completed over 16,000 meters and demonstrated significant findings. Noteworthy discoveries include:

• - Fiddle Discovery: Located about 750 meters south of the Yellow Pine Pit, results from hole SB633 show 109.7 meters of 3.2 g/t gold and 1.1% antimony, adding potential to the resource base.
• - Clark Tunnel Fault Zone (CTFZ): High-grade gold intercepts were reported, with drilling returning results such as 25.4 meters of 4.5 g/t gold. These findings indicate a growing potential for the project in terms of both size and economic viability.

Financing Front

Perpetua has actively pursued a $2.9 billion senior secured long-term loan facilitated by the Export-Import Bank of the United States. Expected to close in early 2027, this financing is crucial for advancing construction, engineering, and other preparatory activities leading up to a final investment decision.

Looking Ahead

The company remains focused on critical path work to drive the project forward. This includes the ongoing procurement of powerlines, construction of the housing facility, and timely execution of bridge deliveries for the Burntlog Route. As Perpetua navigates through 2026 and into early 2027, it anticipates announcing continued exploratory results and progress updates on project-related construction activities.

With ample unrestricted cash amounting to $443.4 million as of September 30, Perpetua Resources is well-positioned to overcome future challenges and capitalize on opportunities within the dynamic mining sector.

About Perpetua Resources

Perpetua Resources Corp. is dedicated to tapping into the potential of gold-antimony-silver deposits in Idaho’s Stibnite-Yellow Pine district. The Stibnite Gold Project holds one of the highest-grade open-pit gold reserves across the nation, while also being a critical provider of domestic antimony, essential for various sectors including defense and energy.

As the company progresses through various phases of development, it aims to restore historic mining sites while ensuring environmental sustainability and community engagement across rural Idaho.