10-Q Filing

PERPETUA RESOURCES CORP. CIK: 1526243 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001104659-23-059855`
Period End Date	20230331
Filing Date	20230512
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ppta-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 13

Balance Sheet 52 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`	63.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.01M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$1.36M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$280.15K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$696.84K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$614.93K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$23.56M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$20.62M	USD	Point-in-time
Buildings and equipment, net	`PropertyPlantAndEquipmentNet`	$278.03K	USD	Point-in-time
Buildings and equipment, net	`PropertyPlantAndEquipmentNet`	$294.98K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.67K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$42.48K	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`	$72.52M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$99.45M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$96.46M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.72M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.74M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$43.81K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$70.45K	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesCurrent`	$10.70M	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesCurrent`	$3.96M	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesCurrent`	$9.59M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$12.40M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$13.46M	USD	Point-in-time
Warrant derivative	`DerivativeLiabilitiesNoncurrent`	$1.73K	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesNoncurrent`	$886.18K	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesNoncurrent`	$5.42M	USD	Point-in-time
Environmental reclamation liabilities	`AccruedEnvironmentalLossContingenciesNoncurrent`	$1.21M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.35M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.61M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 63,139,533 and 63,011,777 shares outstanding, respectively	`CommonStockValue`	$616.07M	USD	Point-in-time
Common stock, no par value, unlimited shares authorized, 63,139,533 and 63,011,777 shares outstanding, respectively	`CommonStockValue`	$615.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-566.53M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$82.11M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$111.60M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$106.03M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$85.83M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$96.46M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$99.45M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$303.41K	USD	1 Quarter
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$390.98K	USD	1 Quarter
Depreciation	`Depreciation`	$16.95K	USD	1 Quarter
Depreciation	`Depreciation`	$11.47K	USD	1 Quarter
Directors' fees	`OfficersCompensation`	$262.95K	USD	1 Quarter
Directors' fees	`OfficersCompensation`	$221.26K	USD	1 Quarter
Exploration	`ExplorationExpense`	$4.56M	USD	1 Quarter
Exploration	`ExplorationExpense`	$5.71M	USD	1 Quarter
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Environmental liability expense	`EnvironmentalRemediationExpense`	$1.12M	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$218.57K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$162.49K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$277.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$745.41K	USD	1 Quarter
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$151.41K	USD	1 Quarter
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$158.97K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-6.26M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-8.05M	USD	1 Quarter
Change in fair value of warrant derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$1.73K	USD	1 Quarter
Change in fair value of warrant derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$15.25K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-688.00	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-30.75K	USD	1 Quarter
Grant income	`GovernmentGrantIncome`	$3.28M	USD	1 Quarter
Grant income	`GovernmentGrantIncome`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$162.46K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.44K	USD	1 Quarter
Total other loss (income)	`NonoperatingIncomeExpense`	$3.45M	USD	1 Quarter
Total other loss (income)	`NonoperatingIncomeExpense`	$15.94K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.60M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.24M	USD	1 Quarter
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	63.02M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	62.97M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.97M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.02M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.24M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.60M	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$840.83K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$676.25K	USD	1 Quarter
Depreciation	`Depreciation`	$16.95K	USD	1 Quarter
Depreciation	`Depreciation`	$11.47K	USD	1 Quarter
Change in fair value of warrant derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$15.25K	USD	1 Quarter
Change in fair value of warrant derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$1.73K	USD	1 Quarter
Environmental liability expense	`EnvironmentalRemediationExpense`	$1.12M	USD	1 Quarter
Environmental liability expense	`EnvironmentalRemediationExpense`	$7.47M	USD	Point-in-time
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$555.00	USD	1 Quarter
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$131.00	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-206.25K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.08M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$81.91K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.87K	USD	1 Quarter
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-806.18K	USD	1 Quarter
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-21.83K	USD	1 Quarter
Environmental reclamation liabilities	`AccrualForEnvironmentalLossContingenciesPayments1`	$499.90K	USD	1 Quarter
Environmental reclamation liabilities	`AccrualForEnvironmentalLossContingenciesPayments1`	$337.69K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.15M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.68M	USD	1 Quarter
Proceeds from exercise of share purchase options	`ProceedsFromStockOptionsExercised`	$40.67K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.67K	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$555.00	USD	1 Quarter
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.00	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.11M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.68M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.67M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.67M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Recognition of operating lease liability and right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$78.79K	USD	1 Quarter
Cash	`Cash`	$5.73M	USD	Point-in-time
Cash	`Cash`	$5.13M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$9.23M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$20.25M	USD	Point-in-time
GICs and term deposits	`TimeDepositsAtCarryingValue`	$15.19M	USD	Point-in-time
GICs and term deposits	`TimeDepositsAtCarryingValue`	$4.21M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.17M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$82.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$106.03M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$85.83M	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$676.25K	USD	1 Quarter
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$840.83K	USD	1 Quarter
Exercise of share purchase options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$40.67K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-6.24M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-4.60M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$82.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$106.03M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$85.83M	USD	Point-in-time

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