Perpetua Resources | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -0.24.

EBIT: As of FY2025 Q3, the actual value is USD -38.41 M.

Net Loss: For the three months ended September 30, 2025, net loss was $25.8 million compared to $3.6 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was $40.0 million compared to $10.2 million for the same period in 2024.
Operating Loss: For the three months ended September 30, 2025, operating loss was $33.7 million compared to $16.5 million for the same period in 2024. For the nine months ended September 30, 2025, operating loss was $60.4 million compared to $36.8 million for the same period in 2024.
Exploration Expenses: For the three months ended September 30, 2025, exploration expenses were $32.1 million compared to $14.5 million for the same period in 2024. For the nine months ended September 30, 2025, exploration expenses were $56.2 million compared to $31.5 million for the same period in 2024.

Operating Cash Flow: Net cash used in operating activities for the nine months ended September 30, 2025, was - $44.3 million compared to - $11.8 million for the same period in 2024.
Investing Cash Flow: Net cash used in investing activities for the nine months ended September 30, 2025, was - $14.6 million compared to $7.6 million for the same period in 2024.
Financing Cash Flow: Net cash provided by financing activities for the nine months ended September 30, 2025, was $460.6 million compared to $12.2 million for the same period in 2024.

Grant Income: For the three months ended September 30, 2025, grant income was $3.3 million compared to $12.9 million for the same period in 2024. For the nine months ended September 30, 2025, grant income was $14.6 million compared to $26.6 million for the same period in 2024.
Interest Income: For the three months ended September 30, 2025, interest income was $4.7 million compared to $41,810 for the same period in 2024. For the nine months ended September 30, 2025, interest income was $5.8 million compared to $101,168 for the same period in 2024.

Advance Project Financing: The company aims to advance its comprehensive project financing plan, including progressing the U.S. EXIM application for project financing.
Construction Readiness: The company plans to advance detailed engineering, contracting, long lead procurement, and execution planning to be fully construction-ready by spring 2026.
Expand Workforce: The company intends to expand its management team and workforce to support full-scale construction and operations.

Strategic Equity Investments: The company received $255 million in gross proceeds from a strategic equity investment from Agnico Eagle and JPMorgan on October 28, 2025, and $78 million in gross proceeds from a registered equity offering and concurrent private placement on October 30 and 31, 2025.

Financial Assurance: The company entered into multiple related financial agreements to satisfy the financial assurance requirements necessary to commence construction, including a $139 million surety bond and a $35 million standby letter of credit.