PERPETUA RESOURCES CORP. (PPTA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 19.83% of current shares
Recent Dilution: 77.48% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
120M
Potential Supply
25M
Additional shares possible
Splits
None
Past 2 years

Summary

PPTA currently has 125M outstanding shares. with limited dilution risk as only 24.8M additional shares (19.8%) are authorized for issuance. The company has significantly diluted shareholders by 77.48% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

10-K filing | 124.9M shares outstanding

120M 25M
Dec 16, 2025

8-K filing: The company entered into subscription agreements with Hatch Ltd. and a non-affiliated investor for private placements of common shares, and approved the issuance of common shares to the Stibnite Foundation. ($61.68M proceeds)

120M 25M
Nov 14, 2025

10-Q filing | 121.9M shares outstanding

120M 25M
Oct 28, 2025

8-K filing: The Company entered into subscription agreements with Agnico and JPMorgan to sell and issue 10,944,205 common shares and warrants to purchase up to 4,053,408 common shares for aggregate gross proceeds of US$255 million in a private placement that closed on October 28, 2025. ($510.0M proceeds)

110M 25M
Aug 13, 2025

10-Q filing | 107.6M shares outstanding

110M 25M
Jul 14, 2025

8-K filing: Perpetua Resources Corp. completed an offering of 24,622,000 common shares at $13.20 per share and the Underwriters exercised their option in full for an additional 3,693,300 shares at $13.20 per share, resulting in aggregate gross proceeds of approximately $474 million including a concurrent private placement. ($49.0M proceeds)

71M 25M
Jun 16, 2025

8-K filing: Perpetua Resources Corp. completed a public offering of 24,622,000 common shares at $13.20 per share and a concurrent private placement of 7,575,757 common shares to Paulson & Co. Inc. at the same price. ($424.91M proceeds)

71M 25M
Jun 12, 2025

8-K filing: Perpetua Resources Corp. announced an underwritten equity offering of 22,728,000 common shares at US$13.20 per share for gross proceeds of approximately US$300 million, along with a concurrent private placement to Paulson & Co. Inc. for US$100 million at the same price. ($300.0M proceeds)

71M 25M
May 09, 2025

10-Q filing | 70.6M shares outstanding

71M 25M
Mar 19, 2025

10-K filing | 65.6M shares outstanding

66M 25M
Nov 20, 2024

8-K filing: Perpetua Resources Corp. closed an offering of 3,439,465 shares of its common stock at a price of $10.17 per share, resulting in net proceeds of approximately $33.6 million after deducting underwriting discounts, commissions, and offering expenses, with the intention to use the proceeds for down payments on long lead time materials, detailed engineering for their Stibnite Gold Project, and general corporate purposes.

66M 25M
Nov 13, 2024

10-Q filing | 65.5M shares outstanding

66M 25M
Aug 09, 2024

10-Q filing | 64.5M shares outstanding

65M 25M
May 10, 2024

10-Q filing | 64.1M shares outstanding

64M 25M
Mar 26, 2024

10-K filing | 63.2M shares outstanding

63M 25M
Nov 09, 2023

10-Q filing | 63.2M shares outstanding

63M 25M
Aug 11, 2023

10-Q filing | 63.2M shares outstanding

63M 25M
May 12, 2023

10-Q filing | 63.0M shares outstanding

63M 25M
Mar 16, 2023

10-K filing | 475.2M shares outstanding

480M 25M
Nov 10, 2022

10-Q filing | 475.2M shares outstanding

480M 25M
Oct 27, 2022

S-3/A filing: Perpetua Resources Corp. is filing an S-3/A to register the offering of common shares, preferred shares, debt securities, warrants, subscription receipts, units, and common shares offered by selling shareholders, with a total proposed amount of $500,000,000.

480M 25M
Sep 01, 2022

S-3/A filing: Perpetua Resources Corp. files an S-3/A registration statement for the potential offering of common shares, preferred shares, debt securities, warrants, subscription receipts and units up to $500,000,000 and an additional 24,771,542 common shares offered by selling shareholders.

480M 25M
Aug 12, 2022

10-Q filing | 475.2M shares outstanding

480M 25M
Jul 08, 2022

S-3 filing: Perpetua Resources Corp. is filing a shelf registration statement for the offering of common shares, preferred shares, debt securities, warrants, subscription receipts, and units, with a total proposed amount of $500,000,000. Additionally, selling shareholders may offer up to 24,771,542 common shares.

480M 25M
May 13, 2022

10-Q filing | 475.2M shares outstanding

480M 0
Mar 18, 2022

10-K filing | 475.2M shares outstanding

480M 0
Mar 19, 2021

F-10 filing: Perpetua Resources Corp. may offer and issue common shares and subscription receipts with the aggregate initial offering price not to exceed US$100,000,000 during the 25 month period.

N/A 0
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