Perpetua Resources Reports Results of 2025 Annual Meeting
405 S 8th Street #201, Boise, ID 83702
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NEWS RELEASE
May 16, 2025
Perpetua Resources Reports Results of 2025 Annual Meeting
BOISE, ID – Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) (“Perpetua Resources” or “Perpetua” or
the “Company”) today announced the results of its annual general meeting (the “Annual Meeting”), which
was held online through a virtual meeting platform on May 15, 2025.
A total of 48,388,748 common shares were represented at the Annual Meeting, or 67.90% of the votes
attached to all outstanding shares at the Company’s record date of March 21 , 2025 . The Company’s
shareholders voted for the election of all director nominees listed in the Company’s management
information proxy circular. Detailed results of the vote for the election of directors are as follows:
Name of
Nominee
Votes
For
Votes
Against Abstentions Total
Votes*
Percentage
of Votes
For*
Percentage
of Votes
Against*
Percentage
of
Abstained*
Marcelo Kim 40,455,869 1,781,843 15,558 48,388,748 95.75% 4.22% 0.04%
Christopher
J. Robison 42,005,377 230,351 17,542 48,388,748 99.41% 0.55% 0.04%
Jonathan
Cherry 42,189,752 40,634 22,884 48,388,748 99.85% 0.10% 0.05%
Andrew Cole 42,184,860 52,259 16,151 48,388,748 99.84% 0.12% 0.04%
Robert Dean 42,054,220 181,266 17,784 48,388,748 99.53% 0.43% 0.04%
Laura Dove 41,942,716 287,003 23,551 48,388,748 99.27% 0.68% 0.06%
Richie
Haddock 42,177,974 54,444 20,852 48,388,748 99.82% 0.13% 0.05%
Jessica
Largent 40,485,726 1,754,350 13,194 48,388,748 95.82% 4.15% 0.03%
Jeffrey
Malmen 41,988,499 245,737 19,034 48,388,748 99.37% 0.58% 0.05%
Alexander
Sternhell 42,062,119 172,494 18,657 48,388,748 99.55% 0.41% 0.04%
* Not all shares were voted in respect of all resolutions therefore the combined number of shares voted for, against or
withheld (and corresponding percentages) may not add up to the total shares represented at the Annual Meeting.
The directors were elected to hold offices until the next annual meeting of shareholders or until their
respective successors are elected and qualified.
The Company’s shareholders also ratified the appointment of PricewaterhouseCoopers LLP, Chartered
Accountants, as the Company’s independent registered public accounting firm for the fiscal year ending
December 31, 2025 at a remuneration to be set by the directors ( 99.76% voted in favor , 0.12% voted
against, and 0.13% abstained).
Detailed voting results for the meeting are available on EDGAR at www.sec.com.
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For further information about Perpetua Resources Corp., please contact:
Chris Fogg
Investor Relations Manager
Mckinsey Lyon
Vice President External Affairs
Website: www.perpetuaresources.com
About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site
restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central
Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit
gold deposits in the United States and is designed to apply a modern, responsible mining approach to
restore an abandoned mine site and produce both gold and the only mined source of antimony in the United
States. Further advancing Perpetua Resources’ ESG and sustainable mining goals, the Project will be
powered by one of the lowest carbon emissions grids in the nation. Perpetua Resources has been awarded
a TIA of $59.2 million in DPA funding to advance construction readiness and permitting of the Project.
Antimony trisulfide from Stibnite is the only known domestic source of antimony that can meet U.S. defense
needs for many small arms, munitions, and missile types. In addition to the company’s commitments to
transparency, accountability, environmental stewardship, safety and community engagement, Perpetua
Resources adopted formal ESG commitments which can be found here.
Forward-Looking Information
Statements contained in this news release that are not historical facts are "forward -looking information" or
"forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable
Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995.
Forward-Looking Information includes, but is not limited to, approval of reimbursement requests under the
TIA; our ability to successfully implement and fund the Project; and the occurrence of the expected benefits
from the Project, including creation of jobs and environmental benefits. In certain cases, Forward -Looking
Information can be identified by the use of words and phrases or variations of such words and phrases or
statements such as "anticipate", "expect", "plan", "likely", "believe", "intend", "forecast", "project", "estimate",
"potential", "could", "may", "will", "would" or "should". In preparing the Forward-Looking Information in this
news release, Perpetua Resources has applied sev eral material assumptions, including, but not limited to,
assumptions that we will be able to successfully secure financing to finance permitting, pre-construction and
construction of the Project; that the current exploration, development, environmental and other objectives
concerning the Project can be achieved and that its other corporate activities will proceed as expected; that
general business and economic conditions will not change in a materially adverse manner and that
permitting and operations cost s will not materially increase; and that we will be able to discharge our
liabilities as they become due and continue as a going concern. Forward-Looking Information are based on
certain material assumptions and involve known and unknown risks, uncertainti es and other factors which
may cause the actual results, performance or achievements of Perpetua Resources to be materially different
from any future results, performance or achievements expressed or implied by the Forward -Looking
Information. Such risks and other factors include, among other things, risks related to unforeseen delays in
the review and permitting process, including as a result of legal challenges to the ROD or other permits; risks
related to opposition to the Project; risks related to incre ased or unexpected costs in operations or the
permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or
at all, as well as those factors discussed in Perpetua Resources' public filings with the U.S. Securiti es and
Exchange Commission (the "SEC") and its Canadian disclosure record. Although Perpetua Resources has
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attempted to identify important factors that could affect Perpetua Resources and may cause actual actions,
events or results to differ materially from those described in Forward -Looking Information, there may be
other factors that cause actions, events or results not to be as anticipated, estimated or intended. Investors
should be aware that funding under the DPA TIA is available only for the specified costs related to permitting,
environmental baseline data monitoring, environmental and technical studies, and advancing construction
readiness and is not available to fund the Company’s costs under its Administrative Settlement and Order
on Consent obligations and certain corporate expenses. There can be no assurance that Forward -Looking
Information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on Forward -Looking
Information. For further information on these and other risks and uncertainties that may affect the Company's
business and liquidity, see the "Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of the Company's filings with the SEC, which are available at
www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as
required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to
Forward-Looking Information contained in this news release to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.