10-K Filing

PERPETUA RESOURCES CORP. CIK: 1526243 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001104659-22-035631`
Period End Date	20211231
Filing Date	20220318
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	ppta-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 41 Cash Flow Statement 59 Stockholders Equity 19

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.97M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.04M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$279.95K	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$107.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$946.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$647.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$25.79M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$49.08M	USD	Point-in-time
Buildings and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$165.26K	USD	Point-in-time
Buildings and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$189.29K	USD	Point-in-time
Right-of-use assets (Note 4)	`OperatingLeaseRightOfUseAsset`	$49.10K	USD	Point-in-time
Right-of-use assets (Note 4)	`OperatingLeaseRightOfUseAsset`	$235.97K	USD	Point-in-time
Environmental reclamation bond (Note 13)	`MineReclamationAssetBond`	$3.00M	USD	Point-in-time
Mineral properties and interest (Note 5)	`MineralPropertiesNet`	$71.91M	USD	Point-in-time
Mineral properties and interest (Note 5)	`MineralPropertiesNet`	$72.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$98.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.50M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$3.74M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.84M	USD	Point-in-time
Lease liabilities (Note 4)	`OperatingLeaseLiabilityCurrent`	$201.82K	USD	Point-in-time
Lease liabilities (Note 4)	`OperatingLeaseLiabilityCurrent`	$69.99K	USD	Point-in-time
Environmental reclamation liabilities (Note 13)	`MineReclamationAndClosingLiabilityCurrent`	$2.83M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.94M	USD	Point-in-time
Convertible notes (Note 7)	`ConvertibleNotesPayable`	$9.56M	USD	Point-in-time
Lease liabilities (Note 4)	`OperatingLeaseLiabilityNoncurrent`	$65.14K	USD	Point-in-time
Environmental reclamation liabilities (Note 13)	`MineReclamationAndClosingLiabilityNoncurrent`	$7.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$40.50M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.90M	USD	Point-in-time
COMMITMENT AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENT AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 62,971,859 and 47,481,134 shares outstanding, respectively	`CommonStockValue`	$615.36M	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 62,971,859 and 47,481,134 shares outstanding, respectively	`CommonStockValue`	$528.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-533.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-497.26M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$111.60M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$32.74M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$57.63M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$124.50M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$98.13M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Consulting	`ConsultingFeesExpense`	$104.43K	USD	Annual
Consulting	`ConsultingFeesExpense`	$185.03K	USD	Annual
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$1.40M	USD	Annual
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$2.04M	USD	Annual
Depreciation	`Depreciation`	$58.92K	USD	Annual
Depreciation	`Depreciation`	$96.61K	USD	Annual
Directors' fees	`OfficersCompensation`	$767.01K	USD	Annual
Directors' fees	`OfficersCompensation`	$333.49K	USD	Annual
Exploration	`ExplorationExpense`	$22.72M	USD	Annual
Exploration	`ExplorationExpense`	$26.42M	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Environmental liability expense	`EnvironmentalRemediationExpense`	$12.20M	USD	Annual
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$8.50K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$402.17K	USD	Annual
Office and administrative	`GeneralAndAdministrativeExpense`	$1.49M	USD	Annual
Professional fees	`ProfessionalFees`	$1.26M	USD	Annual
Professional fees	`ProfessionalFees`	$813.46K	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$387.63K	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$555.52K	USD	Annual
Travel and related costs	`TravelAndEntertainmentExpense`	$32.80K	USD	Annual
Travel and related costs	`TravelAndEntertainmentExpense`	$14.79K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-29.98M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-41.29M	USD	Annual
Finance costs	`FinanceCosts`	$362.55K	USD	Annual
Finance costs	`FinanceCosts`	$3.35M	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.84M	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-842.57K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$277.82K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$58.31K	USD	Annual
Total other loss (income)	`NonoperatingIncomeExpense`	$5.34M	USD	Annual
Total other loss (income)	`NonoperatingIncomeExpense`	$-190.65M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-35.95M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-220.63M	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$6.45	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$0.66	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$6.45	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$0.66	USD	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	54.53M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	34.23M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.23M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.53M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-35.95M	USD	Annual
Net loss	`ProfitLoss`	$-220.63M	USD	Annual
Share based compensation (Note 9)	`ShareBasedCompensation`	$3.95M	USD	Annual
Share based compensation (Note 9)	`ShareBasedCompensation`	$1.55M	USD	Annual
Depreciation (Note 3)	`Depreciation`	$58.92K	USD	Annual
Depreciation (Note 3)	`Depreciation`	$96.61K	USD	Annual
Accretion of convertible debt discount (Note 7)	`AccretionExpense`	$362.55K	USD	Annual
Accretion of convertible debt discount (Note 7)	`AccretionExpense`	$3.10M	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$8.50K	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Environmental liability expense	`EnvironmentalRemediationExpense`	$12.20M	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-917.66K	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-7.92M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$182.33K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-15.85K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-135.42K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$299.29K	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-682.20K	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-905.20K	USD	Annual
Environmental reclamation liabilities	`EnvironmentalReclamationLiabilities`	$2.31M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.78M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.65M	USD	Annual
Investment in mineral properties and interest (Note 5)	`PaymentsToAcquireMineralRights`	$290.47K	USD	Annual
Investment in mineral properties and interest (Note 5)	`PaymentsToAcquireMineralRights`	$490.50K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.88K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.80K	USD	Annual
Sale of buildings and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.50K	USD	Annual
Purchase of surety bond	`PaymentsToAcquireSuretyBond`	$3.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.33M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-520.79K	USD	Annual
Proceeds from issuance of Convertible Notes, net (Note 7)	`ProceedsFromConvertibleDebt`	$35.00M	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$57.50M	USD	Annual
Payment of shares issue costs (Note 9)	`PaymentsOfStockIssuanceCosts`	$3.24M	USD	Annual
Payment of shares issue costs (Note 9)	`PaymentsOfStockIssuanceCosts`	$259.32K	USD	Annual
Finance cost deducted as share issue costs	`PaymentOfFinancingCostsAndStockIssuanceCosts`	$-224.21K	USD	Annual
Proceeds from exercise of share purchase options (Note 9)	`ProceedsFromStockOptionsExercised`	$1.85M	USD	Annual
Proceeds from exercise of share purchase options (Note 9)	`ProceedsFromStockOptionsExercised`	$532.12K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.82M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.79M	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.54K	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$11.58K	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.82M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.53M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.04M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.04M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.19K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$32.52K	USD	Annual
Cash	`Cash`	$2.24M	USD	Point-in-time
Cash	`Cash`	$2.42M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$6.59M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$24.25M	USD	Point-in-time
GIC and term deposits	`TimeDepositsAtCarryingValue`	$21.18M	USD	Point-in-time
GIC and term deposits	`TimeDepositsAtCarryingValue`	$16.20M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.85M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.04M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$32.74M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.63M	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.95M	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.55M	USD	Annual
Shares sold through stock offering (Note 9)	`StockIssuedDuringPeriodValueNewIssues`	$57.50M	USD	Annual
Shares issued upon conversion of convertible notes (Note 8)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$242.14M	USD	Annual
Shares issued upon conversion of convertible notes (Note 8)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$31.18M	USD	Annual
Share issue cost	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.24M	USD	Annual
Share issue cost	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.15K	USD	Annual
Shares issued through stock appreciation rights	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$46.77K	USD	Annual
Shares issued through stock appreciation rights	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$21.93K	USD	Annual
Exercise of share purchase options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.81M	USD	Annual
Exercise of share purchase options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$510.19K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-35.95M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-220.63M	USD	Annual
Ending balance	`StockholdersEquity`	$32.74M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.63M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.