Perpetua Resources reported a net loss of $97.5 million in the second quarter of 2026, widening from $6.0 million a year earlier as exploration and pre-development spending increased ahead of a planned final investment and construction decision for its Stibnite Gold Project in Idaho. The company ended June with $574.2 million in unrestricted cash and cash equivalents and $60.9 million in restricted cash equivalents. During the quarter and afterward, Perpetua highlighted a final Clean Water Act Section 401 certification, unanimous approval of a $2.9 billion senior secured loan from EXIM (U.S. export credit agency), favorable court rulings on project-related challenges, the start of Burntlog Route and worker facility construction work, pilot-scale antimony trisulfide processing efforts with Idaho National Laboratory, new exploration results, and gold put options covering up to 158,016 ounces in 2031 at a $3,000-per-ounce strike. The company said it remains focused on financing, engineering, procurement and early works as it targets a second-half 2026 decision, while cautioning that EXIM funding still depends on definitive documents and other conditions.