Hunton Andrews Kurth LLP represented Perpetua Resources on a landmark strategic equity investment of $180 million from Agnico Eagle Mines Limited and $75 million from JPMorganChase to finance the development of the Stibnite Gold Project in Idaho. This is the first investment by JPMorganChase’s recently announced $1.5 trillion Security and Resiliency Initiative, a 10-year effort to facilitate, finance and invest in industries critical to national economic security and resiliency. Agnico Eagle is the world’s second largest gold producer and an industry leader in responsible mineral development. 

Perpetua Resources, through its wholly owned subsidiaries, is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined reserves of antimony in the United States.

Hunton partners Joanna Enns and Phil Haines led the deal team with the assistance of corporate associates Fatima Anjum, Kaitlyn Thorson, Field Daniel and Mary Corinne Archer. Will Freeman handled tax issues.