Perpetua resources announces sale of silver royalty for $8.5 million in proceeds

Silver royalty proceeds complement the funding perpetua has received through the department of defense to continue advancing permitting and construction readiness activities. silver represents less than 0.3% of projected life-of-mine revenue in the 2020 feasibility study boise, idaho , march 21, 2024 /prnewswire/ - perpetua resources corp. (nasdaq: ppta) (tsx: ppta) ("perpetua resources" or "perpetua" or the "company") announced today that it entered into a royalty agreement (the "agreement") with a wholly-owned subsidiary of franco-nevada corporation ("franco-nevada") pursuant to which perpetua, through its subsidiaries, sold franco-nevada a royalty ("royalty") on the future payable silver production from the stibnite gold project in exchange for a cash payment of $8.5 million (the "upfront payment").
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