08:40 AM EDT, 10/27/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) said Monday that it has signed agreements to raise $255 million in equity investments from Agnico Eagle Mines ( AEM ) and JPMorgan Chase ( JPM ) in a private placement related to its Stibnite Gold Project in Idaho.

Under the terms of the agreements, Agnico Eagle and JPMorgan ( JPM ) will respectively invest $180 million and $75 million in common shares priced at $23.30 apiece, and receive warrants to purchase up to 2,861,229 shares and 1,192,179 shares, respectively, priced at 35%, 50% and 65% premiums over one, two, and three-year periods, respectively, according to the company.

Following the investments, Agnico Eagle will hold a 6.5% equity stake in Perpetua while JPMorgan ( JPM ) will take a 2.7% equity stake with its initial investment, Perpetua said.

The company said it believes the private placement is a better financing alternative for shareholders than a gold royalty or stream from the mines would be.

The mines are expected to produce the only US reserve of antimony, a critical mineral, in addition to gold, the company added.

Shares of Perpetua Resources ( PPTA ) were up more than 5% in recent premarket activity Monday, while Agnico Eagle was down more than 3% and JPMorgan ( JPM ) was advancing 0.7%.