Perpetua Resources Receives Preliminary Project Letter and Indicative Term Sheet from the Export-Import Bank of the United States on Potential $2 Billion Debt Financing

Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that it received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States ("EXIM") as part of a Preliminary Project Letter ("PPL") conveying EXIM's initial due diligence findings to Perpetua on its application for $2 billion in debt financing from EXIM for the Stibnite Gold Project ("Project").

Along with the preliminary indicative term sheet, the PPL provides a summary of EXIM's initial due diligence findings of the Project to date. Perpetua continues to work with EXIM to advance the project through the next stages of EXIM's due diligence and loan application process. The Company is anticipating final EXIM Board consideration by the spring of 2026.

"Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review," said Jon Cherry , President and CEO of Perpetua Resources. "Following the successful equity offering earlier this year, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees, commencing early works construction in the fall of 2025 while advancing the EXIM debt financing."

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 Stibnite Gold 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 . Antimony trisulfide from Stibnite is the only known domestic reserves of antimony that can meet U.S. defense needs for many small arms, munitions, and missile types.

Forward-Looking Information
Investors should be aware that the U.S. EXIM Letter of Interest ("LOI"), PPL and indicative term sheet are non-binding and conditional, and do not represent a financing commitment. A funding commitment, if any, is conditional upon successfully completing the due diligence and underwriting process, which may not be completed on the expected timeline, or at all. If the Company's application is approved, there can be no assurance that the U.S. EXIM financing will be for the full amount indicated in the LOI or the increased amount requested in the application, or that the approved U.S. EXIM financing will be sufficient for the Company to commence construction of the Project. Further, release of funding under any such commitment would be subject to the satisfaction of certain conditions and covenants by the Company.
Investors should be aware that the Company has not entered into any definitive agreement with respect to a royalty, streaming or guarantee and may not be able to enter into such agreement on the anticipated terms and timeline, or at all. In addition, the outcomes from such agreement, when entered into, may not be sufficient to satisfy the aggregate obligations of the Company to provide construction phase financial assurance under applicable federal and state law prior to commencing construction. Securing the financial assurance does not guarantee the Company will receive the U.S. Forest Service ("USFS") notice to proceed under the approved plan of operation and consummating the royalty financing may not satisfy the financial assurance conditions of various federal and state permits required to commence construction.
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, the Company's ability to successfully secure financing from U.S. EXIM or other sources on acceptable terms, or at all, including the review process and potential outcome of the Company's U.S. EXIM financing application; the expected timing of, and benefits to the Project of, securing such financing from U.S. EXIM; the Company's ability to satisfy financial assurance requirements under applicable federal and state law on acceptable terms and on anticipated timelines, if at all; the Company's ability, in connection with efforts to satisfy financial assurance requirements applicable to the Project and to provide additional Project financing, to enter into a royalty or stream agreement on acceptable terms and on the anticipated timeline, if at all. 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 several material assumptions, including, but not limited to assumptions that the USFS will issue a Notice to Proceed for construction of the Project in a timely manner and as expected; that the Company will be able to satisfy all conditions provided in various federal and state permits that must be met to commence construction; that the U.S EXIM application will be reviewed and approved within the expected timeframe at the amount equal to or higher than the amount indicated in the related letter of intent; that the Company will be able to satisfy the conditions to obtain a funding commitment from U.S. EXIM and to receive committed funds when needed; the ongoing royalty or streaming financing negotiations will proceed in a timely manner and result in a binding agreement on the terms anticipated; that the Company will be able to satisfy financial assurance requirements applicable under applicable federal and state law; that the Company's proposed financing package will be sufficient to finance permitting, pre-construction and construction of the Project or that the company will be able to secure alternate financing if necessary. Forward-Looking Information are based on certain material assumptions and involve known and unknown risks, uncertainties 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 increased 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. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although Perpetua Resources has 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. 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.

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SOURCE Perpetua Resources Corp.

View original content: http://www.newswire.ca/en/releases/archive/September2025/08/c2653.html

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Perpetua Resources PPTA:CC TSX:PPTA NASDAQ:PPTA Precious Metals Investing

PPTA:CC

Locksley Resources Limited Significant Enlargement of Exploration Program

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise that the Company is advancing a significant expansion to its exploration program, given the substantial increase in its landholding abutting MP Materials and identification of additional historical workings across the project areas.

Highlights

- Post the substantial expansion of Locksley's claim portfolio, the Company has determined that it will significantly increase the scale and accelerate the pace of its exploration program

- The expanded program will be focused upon exploring both the existing antimony and rare earths elements prospects, plus targeting additional commodities that have been identified on Locksley's larger land holding

- Post the evaluation of recent field activities Locksley will provide the market with a detailed outline of the expanded exploration program

- A substantial historical shaft has been discovered during a surface geological and structural mapping campaign recently undertaken at Mojave

- Shaft depth and the extent of underground workings is being evaluated, but is estimated at >15m and the Company is determining the composition of the commodities that were mined

- Vein orientation striking NNE, similar to that at the Desert Antimony Prospect, supports the developing geological interpretation of multiple NNE striking structures across the Mojave Project

- Grab samples collected from the prospect being submitted for laboratory analysis

- Locksley hosts broker and analyst site visit at Mojave

Expanded and Accelerated Exploration Program

Given the combination of the significant increased land holding and the potential for other commodities to be present (as confirmed from the discovery of an additional shaft on the Mojave Project), Locksley has elected to expand its exploration activities. The Company has commenced the planning process for these expanded activities and will advance these undertakings in the coming weeks.

Geological Mapping & Historical Mining

Locksley has recently undertaken multiple rounds of field mapping to increase the understanding of the Mojave Project. During the most recent field mapping campaign, Locksley's geologists have discovered a historical shaft in the core of the North Block whilst mapping the area for REE potential.

The extent of the workings seen in the vicinity indicates that a substantial shaft (estimated potentially >15m depth) has been mined. Initial grab sampling has been completed with the aim of determining what commodities were extracted. These newly discovered historical workings provide a new exploration target (named Hendricks) for Locksley.

The broader geological mapping has been completed, and the prioritised mapping of the NE and SW extensions from the Desert Antimony Mine, the western limits of the North Block claims (which lie due north of the Mountain Pass Mine) and the North Block REE target (where the shaft was discovered). The field geologists are compiling their mapping data and will incorporate the findings into the broader geological understanding and targeting for a follow up field sampling campaign.

Broker and Analyst Site Visit

Locksley hosted a site visit for brokers and analysts at the Mojave Project on Saturday, 13th September, following the substantial increase in its landholding abutting MP Materials. The visit provided key stakeholders with first hand exposure to the scale of Locksley's expanded tenure and the planned drilling at the Desert Antimony Mine and El Campo. The field trip underscored the strong geological potential across the project portfolio and highlighted the Company's commitment to advancing exploration and development activities in one of the most strategic critical mineral regions in the United States.

Pat Burke, Chairman of Locksley Resources, commented:

"The substantial expansion of our landholding within the Mojave Critical Minerals Corridor marks a pivotal step in Locksley's growth. The site visit with brokers and analysts provided an excellent opportunity to showcase not only the scale of our tenure, but also the strategic importance of our position alongside MP Materials. With the U.S. Government increasingly focused on securing domestic supply chains for critical minerals, Locksley is well placed to deliver a mine-to-market solution for antimony and rare earths. We look forward to progressing our exploration program and building long-term value for our shareholders."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0SKL75LX

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic "Desert Antimony Mine", which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley's North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley's Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

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Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire - Providence Gold Mines Inc. ("Providence" or the "Company") is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a "Unit") the ("Private Placement"). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a "Common Share") and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

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Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.