07:11 AM EDT, 10/29/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) overnight Tuesday said it has priced its public offering of 2.94 million shares in the United States at US$24.25 apiece.

Agnico Eagle Mines ( AEM ) intends to exercise its pro rata participation right via a concurrent private placement of an additional 288,200 shares at the same price for $7 million proceeds to Perpetua.

Total proceeds will be $78.2 million, if Agnico exercises its full participation right.

Proceeds will fund the construction and development of the Stibnite Gold Project in Idaho and working capital costs.

The offering is expected to close Oct. 30.

Perpetua shares are up $0.34, to $25.72, in New York trading.