Perpetua Resources Acquires Rockhaven Resources for CAD $30.5M

TL;DR

Perpetua Resources is buying Rockhaven Resources for CAD $30.5M to boost its mineral assets.

AI Summary

Perpetua Resources Corp. announced on September 6, 2024, that it has entered into a definitive agreement to acquire all of the outstanding common shares of Rockhaven Resources Ltd. for a purchase price of approximately CAD $30.5 million. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition could significantly expand Perpetua Resources' mineral holdings, potentially increasing its resource base and future production capabilities.

Risk Assessment

Risk Level: medium — The acquisition is subject to closing conditions and regulatory approvals, and the integration of Rockhaven's assets may present operational challenges.

Key Numbers

• CAD $30.5M — Acquisition Price (Total cost for acquiring Rockhaven Resources Ltd.)

Key Players & Entities

• Perpetua Resources Corp. (company) — Acquiring company
• Rockhaven Resources Ltd. (company) — Target company
• CAD $30.5 million (dollar_amount) — Purchase price
• September 6, 2024 (date) — Announcement date
• fourth quarter of 2024 (date) — Expected closing period

FAQ

Key Financial Figures

• $1.8 billion — rocess in connection with the U.S. EXIM $1.8 billion Letter of Interest received in April 20

Filing Documents

• tm2423483d1_8k.htm (8-K) — 27KB
• 0001104659-24-097738.txt ( ) — 200KB
• ppta-20240906.xsd (EX-101.SCH) — 3KB
• ppta-20240906_lab.xml (EX-101.LAB) — 33KB
• ppta-20240906_pre.xml (EX-101.PRE) — 22KB
• tm2423483d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On September 6, 2024, Perpetua Resources Corp. (the "Company") reported the publication by the United Decision ("DROD") with respect to the Stibnite Gold Project ("Project") on the USFS project website. The FEIS analyzes the potential environmental effects of the mining operation of the Project as proposed by the Company through a general plan of operations. The DROD outlines the USFS's decision to authorize the 2021 Modified Mine Plan and to approve a special use authorization for transmission line upgrades and installation of a new power transmission line with supporting infrastructure. The Company is reviewing the content of the FEIS and DROD. The publication of the DROD commenced a 45-day pre-decisional objection period in which those who have participated in a prior formal public comment period for the Project will have an opportunity to have their unresolved concerns reviewed before USFS issues a final Record of Decision ("ROD"). Individuals must have submitted substantive formal comments related to the Project during previous comment periods to participate in this objection period unless the issue is based on new information that arose after the prior opportunities to comment. Objections will be accepted for 45 days following publication of the legal notice in the Idaho Statesman. The objection period will be followed by another 45-day resolution period prior to the publication of the final ROD. Based on the USFS schedule published in July 2024, the final ROD is anticipated by the end of 2024. With the publication of the FEIS and DROD and a final ROD expected this year, the Company has engaged RBC Capital Markets and Endeavour Financial to assist with the evaluation of potential strategic and financing opportunities and to support the Company's application process in connection with the U.S. EXIM $1.8 billion Letter of Interest

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERPETUA RESOURCES CORP. Dated: September 6, 2024 By: /s/ Jessica Largent Jessica Largent Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR