Bitcoin price today: dips to $92k as Fed cut doubts spark risk-off mood
Perpetua Resources Corp. (NASDAQ:PPTA), a mining company whose stock has surged 88% over the past six months and currently commands a market capitalization of $2.17 billion, announced a leadership transition, according to a statement filed with the Securities and Exchange Commission. InvestingPro analysis indicates the company maintains a strong financial health score despite current pre-revenue status.
On Monday, Jessica Largent notified the board of directors of her resignation as Chief Financial Officer and Principal Accounting Officer, as well as her retirement from the company effective January 2, 2026. Largent’s resignation from her executive roles and board membership is effective Tuesday. She will remain with the company as a non-executive employee until her retirement date. The filing states that her departure was not due to any disagreement with the company.
Perpetua Resources and Largent have entered into a transition services agreement, under which she will continue to receive her current base salary through her retirement. Her outstanding equity awards will continue to vest according to their original schedule until her retirement date, after which all outstanding awards will vest fully, with certain limitations on stock options. She will also receive a lump sum payment for her annual cash bonus for the 2025 fiscal year, accrued but unused vacation, and, if a change in control occurs before her retirement, additional compensation as provided in her existing employment agreement. These benefits are subject to her assistance with the CFO transition and execution of a waiver and release agreement.
The board has appointed Mark Murchison as the new Chief Financial Officer and Principal Accounting Officer, effective Tuesday. Murchison, age 53, previously served as CFO and Secretary of US Vanadium LLC and has held senior finance roles at Alacer Gold Corp. and Rio Tinto Group. He joins at a time when the company maintains an impressive current ratio of 71.11, indicating strong short-term liquidity position. According to InvestingPro, the company holds more cash than debt on its balance sheet, positioning it well for future growth initiatives. He holds a bachelor’s degree in Business, Finance and Accounting from the University of Technology Sydney and has more than 25 years of mining industry experience.
Murchison’s employment agreement includes a base salary of $400,000, an annual bonus target of 50% of base salary, and equity-based awards. The agreement provides for severance and benefits depending on the circumstances of termination and includes non-competition and confidentiality provisions.
Additionally, the company announced plans to issue a request for proposal to assess third-party off-site processing facilities for antimony and is in advanced discussions for investments targeting net proceeds of $200 million to $250 million. Analyst consensus suggests significant upside potential, with price targets ranging from $21 to $30 per share. Discover more detailed financial metrics and 8 additional key insights about Perpetua Resources with an InvestingPro subscription.
This information is based on a statement filed with the SEC.
In other recent news, Perpetua Resources Corp. has received a conditional Notice to Proceed from the U.S. Forest Service for its Stibnite Gold Project. This development confirms that the project has met all necessary requirements outlined in the January 2025 Record of Decision, enabling construction to commence once the required financial assurance bonding is secured. In addition, H.C. Wainwright has reiterated its Buy rating on Perpetua Resources, maintaining a price target of $30.00, following the receipt of this conditional approval. The company is also planning to issue a Request for Proposal to explore potential partners for processing antimony from its Stibnite Gold Project. This initiative is separate from its collaboration with the U.S. Army, for which it has received up to $22.4 million under an Ordnance Technology Initiative Agreement. Additionally, Mark Murchison has been appointed as the new Chief Financial Officer of Perpetua Resources, effective October 1, 2025, succeeding Jessica Largent. Murchison brings over 25 years of experience in the metals and mining industry, having held financial leadership roles at companies like Alacer Gold and Rio Tinto .
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.