Perpetua Resources Selects Hatch as EPCM Contractor for Stibnite Gold Project
Perpetua Resources has selected Hatch as the Engineering, Procurement, and Construction Management, or EPCM, contractor for the Stibnite Gold Project, or SGP. The appointment of Hatch marks a milestone in Perpetua's transition from planning to development, ahead of a final investment decision expected in the spring of 2026. Hatch is also making a $4M equity investment in the company. Under the EPCM model, Hatch will be responsible for: comprehensive process plant and site infrastructure engineering and design; procurement management for all major site equipment and systems; construction management across the full process facility scope and other site infrastructure; integrated project controls, reporting, and performance management standards. The selection of Hatch supports ongoing financing due diligence with the U.S. Export-Import Bank. The company and Hatch are currently negotiating terms of the definitive EPCM contract to reflect the terms of Hatch's winning bid. The EPCM contract is expected to be finalized in the coming weeks. The private placement will comprise the issue of 138,696 common shares at the price of $28.84 per share. The private placement is expected to close in two equal tranches upon reaching certain milestones. Stibnite remains the only known domestic reserve of antimony capable of meeting U.S. defense requirements for munitions.
