04:55 AM EDT, 10/29/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) said late Tuesday it priced a public offering of about 2.9 million shares at $24.25 apiece for $71.2 million in expected gross proceeds.

Agnico Eagle Mines ( AEM ) has indicated that it plans to exercise its pro rata participation right in a concurrent private placement, resulting in the issuance of up to 288,200 additional shares for proceeds of up to $7 million.

Perpetua said it plans to use the net proceeds from the transactions to fund the construction and development of the Stibnite gold project, among other things. The offering is expected to close by Thursday.

Perpetua shares were up 2.1% in recent premarket activity Wednesday, while Agnico Eagle rose 2.4%.