$PPTA

PERPETUA RESOURCES CORP.

CIK:0001526243|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
EXPENSES
Exploration and pre-development	$ 103,922	$ 10,966	$ 157,020	$ 24,060
General and administration	2,493	745	5,844	2,579
Depreciation	163	32	278	63
OPERATING LOSS	106,578	11,743	163,142	26,702
OTHER (INCOME) EXPENSES
Grant income (Note 8)	(1,448)	(4,921)	(2,445)	(11,304)
Interest income	(7,603)	(764)	(14,522)	(1,142)
Other expenses (income), net	14	(32)	(7)	(25)
Total other expenses (income), net	(9,037)	(5,717)	(16,974)	(12,471)
NET LOSS	$ 97,541	$ 6,026	$ 146,168	$ 14,231
NET LOSS PER SHARE, BASIC	$ 0.78	$ 0.08	$ 1.17	$ 0.19
NET LOSS PER SHARE, DILUTED	$ 0.78	$ 0.08	$ 1.17	$ 0.19
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	125,085,630	76,471,846	124,891,291	73,563,685
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	125,085,630	76,471,846	124,891,291	73,563,685

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES:
Net loss			$ (146,168)	$ (14,231)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation (Note 6)			2,971	1,691
Depreciation	$ 163	$ 32	278	63
Environmental and reclamation expense (Note 7)			20
Unrealized foreign exchange (gain) loss			2	(7)
Changes in:
Receivables			(1,439)	494
Prepaid expenses			(189)	(85)
Deferred Financing Asset			(1,958)
Deposits - current (Note 9)			5,279	(18,755)
Trade and other payables			33,222	(1,398)
Net cash used in operating activities			(107,982)	(32,228)
INVESTING ACTIVITIES:
Purchase of buildings and equipment			(32,263)	(830)
Net cash used in investing activities			(32,263)	(830)
FINANCING ACTIVITIES:
Proceeds from sale of common shares, net of issuance costs				412,005
Proceeds from exercise of share purchase options (Note 6)			1,746	2,316
Payment of finance leases (Note 5)			(70)
Net cash provided by financing activities			1,676	414,321
Effect of foreign exchange on cash, cash equivalents, and restricted cash equivalents			(2)	7
Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents			(138,571)	381,270
Cash, cash equivalents, and restricted cash equivalents, beginning of period			773,721	47,105
Cash, cash equivalents, and restricted cash equivalents, end of period	635,150	428,375	635,150	428,375
NON-CASH INVESTING AND FINANCING ACTIVITIES
Right-of-use assets obtained in exchange for new operating lease liabilities			3,172
Right-of-use assets obtained in exchange for new finance lease liabilities			531
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH EQUIVALENTS
Cash and cash equivalents	574,249	425,375	574,249	425,375
Restricted cash equivalents	60,901	3,000	60,901	3,000
Total cash, cash equivalents, and restricted cash equivalents	$ 635,150	$ 428,375	$ 635,150	$ 428,375

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 574,249	$ 714,171
Receivables	3,269	1,830
Deferred Financing Asset	1,958
Prepaid expenses	5,045	4,972
Deposits (Note 9)	14,878	27,572
TOTAL CURRENT ASSETS	599,399	748,545
NON-CURRENT ASSETS
Mineral properties and interest (Note 3)	68,451	67,680
Buildings and equipment, net (Note 4)	41,823	1,838
Operating lease right-of-use assets (Note 5)	2,963	31
Restricted cash equivalents	60,901	59,550
TOTAL ASSETS	773,537	877,644
CURRENT LIABILITIES
Trade and other payables	46,717	13,565
Lease liabilities (Note 5)	875	88
CWA settlement payable (Note 9)	1,000	1,000
TOTAL CURRENT LIABILITIES	48,592	14,653
NON-CURRENT LIABILITIES
Lease liabilities (Note 5)	2,770	156
CWA settlement payable (Note 9)	1,000	1,000
Reclamation liabilities (Note 7)	1,325	534
TOTAL LIABILITIES	53,687	16,343
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS' EQUITY (Note 6)
Common shares, without par value, unlimited shares authorized, 125,095,803 and 124,124,030 shares outstanding, respectively	1,496,526	1,490,420
Additional capital	65,065	66,454
Accumulated deficit	(841,741)	(695,573)
TOTAL SHAREHOLDERS' EQUITY	719,850	861,301
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 773,537	$ 877,644