10-K Filing

PERPETUA RESOURCES CORP. CIK: 1526243 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001104659-23-033343`
Period End Date	20221231
Filing Date	20230316
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	ppta-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 38 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.01M	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`	$22.67M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$279.95K	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$280.15K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$946.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$614.93K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$49.08M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$23.56M	USD	Point-in-time
Buildings and equipment, net	`PropertyPlantAndEquipmentNet`	$165.26K	USD	Point-in-time
Buildings and equipment, net	`PropertyPlantAndEquipmentNet`	$294.98K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$49.10K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.67K	USD	Point-in-time
Environmental reclamation bond	`MineReclamationAssetBond`	$3.00M	USD	Point-in-time
Environmental reclamation bond	`MineReclamationAssetBond`	$3.00M	USD	Point-in-time
Mineral properties and interest	`MineralPropertiesNet`	$72.52M	USD	Point-in-time
Mineral properties and interest	`MineralPropertiesNet`	$72.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$99.45M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.50M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.74M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.84M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$70.45K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$69.99K	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesCurrent`	$9.59M	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesCurrent`	$2.83M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$12.40M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
Warrant derivative	`DerivativeLiabilitiesNoncurrent`	$100.77K	USD	Point-in-time
Warrant derivative	`DerivativeLiabilitiesNoncurrent`	$1.73K	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesNoncurrent`	$1.21M	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesNoncurrent`	$7.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.61M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.90M	USD	Point-in-time
COMMITMENT AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENT AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 63,011,777 and 62,971,859 shares outstanding, respectively	`CommonStockValue`	$615.36M	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 63,011,777 and 62,971,859 shares outstanding, respectively	`CommonStockValue`	$615.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-533.21M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$111.60M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$85.83M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$57.63M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$99.45M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$124.50M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$2.04M	USD	Annual
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$1.89M	USD	Annual
Depreciation	`Depreciation`	$61.29K	USD	Annual
Depreciation	`Depreciation`	$58.92K	USD	Annual
Directors' fees	`OfficersCompensation`	$528.61K	USD	Annual
Directors' fees	`OfficersCompensation`	$767.01K	USD	Annual
Exploration	`ExplorationExpense`	$22.72M	USD	Annual
Exploration	`ExplorationExpense`	$19.09M	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$4.56M	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Environmental liability expense	`EnvironmentalRemediationExpense`	$12.20M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$762.90K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$1.51M	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.22K	USD	Annual
Professional fees	`ProfessionalFees`	$1.83M	USD	Annual
Professional fees	`ProfessionalFees`	$1.45M	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$646.32K	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$555.52K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-29.33M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-41.29M	USD	Annual
Finance costs	`FinanceCosts`	$362.55K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-842.57K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-41.18K	USD	Annual
Grant income	`GovernmentAssistanceAmount`	$75.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$485.47K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$58.31K	USD	Annual
Total other loss (income)	`NonoperatingIncomeExpense`	$618.33K	USD	Annual
Total other loss (income)	`NonoperatingIncomeExpense`	$5.34M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-28.71M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-35.95M	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$0.46	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$0.66	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$0.66	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$0.46	USD	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	62.99M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	54.53M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.53M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.99M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-35.95M	USD	Annual
Net loss	`ProfitLoss`	$-28.71M	USD	Annual
Share based compensation	`ShareBasedCompensation`	$2.94M	USD	Annual
Share based compensation	`ShareBasedCompensation`	$3.95M	USD	Annual
Depreciation	`Depreciation`	$61.29K	USD	Annual
Depreciation	`Depreciation`	$58.92K	USD	Annual
Accretion of convertible debt discount	`AccretionExpense`	$362.55K	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.22K	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$12.20M	USD	Annual
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Environmental liability expense	`EnvironmentalRemediationExpense`	$4.56M	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-917.66K	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-5.77K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$204.00	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$182.33K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$299.29K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-331.35K	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-115.81K	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-905.20K	USD	Annual
Environmental reclamation liabilities	`AccrualForEnvironmentalLossContingenciesPayments1`	$3.65M	USD	Annual
Environmental reclamation liabilities	`AccrualForEnvironmentalLossContingenciesPayments1`	$2.31M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.65M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.71M	USD	Annual
Investment in mineral properties and interest	`PaymentsToAcquireMineralRights`	$290.47K	USD	Annual
Investment in mineral properties and interest	`PaymentsToAcquireMineralRights`	$315.04K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.88K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.98K	USD	Annual
Proceeds from sale of buildings and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$49.17K	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`	$-465.84K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$57.50M	USD	Annual
Payment of shares issue costs	`PaymentsOfStockIssuanceCosts`	$3.24M	USD	Annual
Proceeds from exercise of share purchase options	`ProceedsFromStockOptionsExercised`	$532.12K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.79M	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.54K	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-5.77K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.82M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.19M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.67M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.04M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.04M	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`	$22.67M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$8.23K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$7.19K	USD	Annual
Recognition of operating lease liability and right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$142.49K	USD	Annual
Cash	`Cash`	$4.26M	USD	Point-in-time
Cash	`Cash`	$2.42M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$13.30M	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`	$5.11M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.85M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$85.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.63M	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.94M	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.95M	USD	Annual
Shares sold through stock offering	`StockIssuedDuringPeriodValueNewIssues`	$57.50M	USD	Annual
Share issue costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.24M	USD	Annual
Shares issued upon conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$31.18M	USD	Annual
Shares issued through stock appreciation rights	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$21.93K	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`	$-28.71M	USD	Annual
Ending balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$85.83M	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.