10-K Filing

PERPETUA RESOURCES CORP. CIK: 1526243 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001104659-24-039054`
Period End Date	20231231
Filing Date	20240326
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ppta-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 41 Cash Flow Statement 57 Stockholders Equity 13

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.01M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$3.18M	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$280.15K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$443.31K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$614.93K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$6.85M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$23.56M	USD	Point-in-time
Buildings and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$385.05K	USD	Point-in-time
Buildings and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$294.98K	USD	Point-in-time
Right-of-use assets (Note 4)	`OperatingLeaseRightOfUseAsset`	$27.90K	USD	Point-in-time
Right-of-use assets (Note 4)	`OperatingLeaseRightOfUseAsset`	$68.67K	USD	Point-in-time
Environmental reclamation bond (Note 9)	`MineReclamationAssetBond`	$3.00M	USD	Point-in-time
Environmental reclamation bond (Note 9)	`MineReclamationAssetBond`	$3.00M	USD	Point-in-time
Mineral properties and interest (Note 5)	`MineralPropertiesNet`	$72.82M	USD	Point-in-time
Mineral properties and interest (Note 5)	`MineralPropertiesNet`	$72.52M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$83.09M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$99.45M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$5.00M	USD	Point-in-time
Trade and other payables	`AccountsPayableTradeCurrent`	$2.74M	USD	Point-in-time
Lease liabilities (Note 4)	`OperatingLeaseLiabilityCurrent`	$27.90K	USD	Point-in-time
Lease liabilities (Note 4)	`OperatingLeaseLiabilityCurrent`	$70.45K	USD	Point-in-time
CWA settlement payable (Note 10)	`SettlementPayableCurrent`	$2.00M	USD	Point-in-time
Environmental reclamation liabilities (Note 9)	`AccruedEnvironmentalLossContingenciesCurrent`	$9.59M	USD	Point-in-time
Environmental reclamation liabilities (Note 9)	`AccruedEnvironmentalLossContingenciesCurrent`	$764.61K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$7.79M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$12.40M	USD	Point-in-time
Warrant derivative (Note 6)	`DerivativeLiabilitiesNoncurrent`	$1.73K	USD	Point-in-time
CWA settlement payable (Note 10)	`SettlementPayableNonCurrent`	$3.00M	USD	Point-in-time
Environmental reclamation liabilities (Note 9)	`AccruedEnvironmentalLossContingenciesNoncurrent`	$1.21M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$10.79M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.61M	USD	Point-in-time
COMMITMENT AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENT AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, without par value, unlimited shares authorized, 64,123,456 and 63,011,777 shares outstanding, respectively	`CommonStockValue`	$615.55M	USD	Point-in-time
Common shares, without par value, unlimited shares authorized, 64,123,456 and 63,011,777 shares outstanding, respectively	`CommonStockValue`	$618.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.41M	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`	$-580.70M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$111.60M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$72.30M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$85.83M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$99.45M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$83.09M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$1.77M	USD	Annual
Corporate salaries and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$1.89M	USD	Annual
Depreciation	`Depreciation`	$61.29K	USD	Annual
Depreciation	`Depreciation`	$83.74K	USD	Annual
Directors' fees	`OfficersCompensation`	$528.61K	USD	Annual
Directors' fees	`OfficersCompensation`	$369.14K	USD	Annual
Exploration	`ExplorationExpense`	$29.91M	USD	Annual
Exploration	`ExplorationExpense`	$19.09M	USD	Annual
Environmental liability expense (Note 9)	`EnvironmentalRemediationExpense`	$4.56M	USD	Annual
Environmental liability expense (Note 9)	`EnvironmentalRemediationExpense`	$898.17K	USD	Annual
CWA settlement expense (Note 10)	`LitigationSettlementExpense`	$5.00M	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$614.35K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$762.90K	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$25.00K	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.22K	USD	Annual
Professional fees	`ProfessionalFees`	$1.83M	USD	Annual
Professional fees	`ProfessionalFees`	$1.16M	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$646.32K	USD	Annual
Shareholder and regulatory	`ShareholderAndRegulatoryExpense`	$493.95K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-40.27M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-29.33M	USD	Annual
Change in fair value of warrant derivative (Note 6)	`FairValueAdjustmentOfWarrants`	$-99.04K	USD	Annual
Change in fair value of warrant derivative (Note 6)	`FairValueAdjustmentOfWarrants`	$-1.73K	USD	Annual
Foreign exchange loss (income)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-41.18K	USD	Annual
Foreign exchange loss (income)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.53K	USD	Annual
Grant income (Note 11)	`GovernmentGrantIncome`	$75.00K	USD	Annual
Grant income (Note 11)	`GovernmentGrantIncome`	$21.08M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$485.47K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$442.94K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$618.33K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$21.50M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-28.71M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-18.77M	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$-0.30	USD	Annual
NET LOSS PER SHARE, BASIC	`EarningsPerShareBasic`	$-0.46	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$-0.30	USD	Annual
NET LOSS PER SHARE, DILUTED	`EarningsPerShareDiluted`	$-0.46	USD	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	63.19M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	62.99M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.99M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.19M	shares	Annual

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-28.71M	USD	Annual
Net loss	`ProfitLoss`	$-18.77M	USD	Annual
Share based compensation (Note 7)	`ShareBasedCompensation`	$3.04M	USD	Annual
Share based compensation (Note 7)	`ShareBasedCompensation`	$2.94M	USD	Annual
Depreciation (Note 3)	`Depreciation`	$61.29K	USD	Annual
Depreciation (Note 3)	`Depreciation`	$83.74K	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$25.00K	USD	Annual
Gain on disposal of buildings and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.22K	USD	Annual
Change in fair value of warrant derivative (Note 6)	`FairValueAdjustmentOfWarrants`	$-99.04K	USD	Annual
Change in fair value of warrant derivative (Note 6)	`FairValueAdjustmentOfWarrants`	$-1.73K	USD	Annual
Environmental liability expense (Note 9)	`EnvironmentalRemediationExpense`	$898.17K	USD	Annual
Environmental liability expense (Note 9)	`EnvironmentalRemediationExpense`	$4.56M	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-5.77K	USD	Annual
Unrealized foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$1.11K	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$2.90M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsReceivable`	$204.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-331.35K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-171.62K	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$2.25M	USD	Annual
Trade and other payables	`IncreaseDecreaseInAccountsPayable`	$-115.81K	USD	Annual
CWA settlement payable (Note 10)	`IncreaseOrDecreaseInSettlementPayable`	$5.00M	USD	Annual
Environmental reclamation liabilities (Note 9)	`AccrualForEnvironmentalLossContingenciesPayments1`	$10.93M	USD	Annual
Environmental reclamation liabilities (Note 9)	`AccrualForEnvironmentalLossContingenciesPayments1`	$3.65M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.71M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.19M	USD	Annual
Investment in mineral properties and interest (Note 5)	`PaymentsToAcquireMineralRights`	$315.04K	USD	Annual
Investment in mineral properties and interest (Note 5)	`PaymentsToAcquireMineralRights`	$300.99K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.98K	USD	Annual
Purchase of buildings and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$148.81K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$49.17K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-465.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.80K	USD	Annual
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$2.77M	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$654.11K	USD	Annual
Proceeds from exercise of share purchase options (Note 7)	`ProceedsFromStockOptionsExercised`	$82.19K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.20M	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11K	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`	$-25.19M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.44M	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`	$3.23M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.23M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.67M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.85M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$8.23K	USD	Annual
Recognition of operating lease liability and right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$65.06K	USD	Annual
Recognition of operating lease liability and right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$142.49K	USD	Annual
Trade-in value on equipment	`TradeInValueOnEquipment`	$25.00K	USD	Annual
Cash	`Cash`	$4.26M	USD	Point-in-time
Cash	`Cash`	$2.09M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$13.30M	USD	Point-in-time
Investment savings accounts	`InterestBearingDepositsInBanks`	$1.14M	USD	Point-in-time
GIC and term deposits	`TimeDepositsAtCarryingValue`	$5.11M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.23M	USD	Point-in-time
Total cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.67M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$72.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$85.83M	USD	Point-in-time
Shares sold through offering	`StockIssuedDuringPeriodValueNewIssues`	$2.77M	USD	Annual
Shares issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$654.11K	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.94M	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.04M	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$82.19K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-28.71M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-18.77M	USD	Annual
Ending balance	`StockholdersEquity`	$111.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$72.30M	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.