Perpetua Resources Appoints Hatch as EPCM Contractor for Stibnite Gold Project
Perpetua Resources Corp. has made headlines with the announcement that Hatch Ltd. has been chosen as the Engineering, Procurement, and Construction Management (EPCM) contractor for the ambitious Stibnite Gold Project (SGP) located in central Idaho. The decision, revealed on December 16, 2025, comes after an intense competitive vetting process, highlighting Perpetua's commitment to responsibly advancing one of the most significant mining projects in the United States.
This strategic move marks a critical phase in the development of the Stibnite Gold Project, with a final investment decision anticipated in the spring of 2026. Perpetua’s President and CEO, Jon Cherry, expressed optimism about Hatch’s involvement, emphasizing their strong track record within the U.S. mining sector.
Hatch is recognized for its expertise in mine and process plant development, possessing decades of experience in the region. Cherry noted, "Hatch brings the depth, discipline, and proven execution capability required to responsibly deliver the Stibnite Gold Project," further asserting that their proficiency plays a vital role in progressing Stibnite to its next developmental stage.
In a show of confidence, Hatch is also making a significant equity investment of $4 million in Perpetua, underlining the alignment between the two companies' visions for the project. Hatch’s Chair and CEO, John Bianchini, reinforced the importance of their strategic alignment. He stated, "Perpetua's vision for Stibnite aligns with our belief that world-class projects demand world-class execution." The emphasis on a domestic mineral supply chain resonates with Hatch’s goals, making this partnership crucial for both entities.
Under the terms of the EPCM model, Hatch is set to take on various responsibilities, including:
1. Comprehensive engineering and design of the process plant and related site infrastructure.
2. Management of procurement for major equipment and systems necessary for the site’s operational integrity.
3. Overall construction management for the process facility and supporting infrastructure.
4. Integrated project controls to ensure performance management and governance.
This strategy aims to enhance the execution of what is expected to be a landmark mining operation while ensuring transparency and predictability in delivery outcomes. Perpetua’s proactive approach to secure the necessary resources for maintaining project momentum is pivotal, especially as it navigates the complexities of project financing in collaboration with the U.S. Export-Import Bank.
The selection of Hatch is more than just a contractor agreement; it strengthens Perpetua's preparedness for construction and eases the financing due diligence process. The decision followed a rigorous multi-disciplinary evaluation of potential candidates, focusing on their technical expertise and readiness for execution. Ultimately, Hatch emerged as the top choice amidst a competitive landscape, ensuring a solid foundation for Perpetua as the project advances.
Alongside the EPCM agreement, the $4 million equity investment signifies Hatch's commitment, ensuring their vested interest in the successful completion of the Stibnite project. The investment entails issuing 138,696 common shares priced at $28.84, mirroring the closing stock price from December 12, 2025. Notably, this deal is being structured under the Securities Act of 1933, allowing Perpetua to leverage existing stock for further funding opportunities.
Importantly, the Stibnite Gold Project is notable for being the only known source of antimony in the U.S., a mineral crucial for defense applications in the production of munitions. By integrating advanced mining techniques and addressing legacy environmental concerns, Perpetua aims to transform an abandoned site into a thriving source of critical minerals essential for national resilience.
With Hatch’s backing and expertise, the Stibnite Gold Project is not just another mining venture; it’s an opportunity to redefine the landscape of critical mineral sourcing in the U.S., emphasizing the balance between resource recovery and environmental stewardship. The collaborative efforts of Perpetua Resources and Hatch might just pave the way for future-focused developments in the mining industry, ensuring the United States meets both its commercial and defense mineral needs responsibly.
For more information about Perpetua Resources and their groundbreaking project, visit www.perpetuaresources.com.
This strategic move marks a critical phase in the development of the Stibnite Gold Project, with a final investment decision anticipated in the spring of 2026. Perpetua’s President and CEO, Jon Cherry, expressed optimism about Hatch’s involvement, emphasizing their strong track record within the U.S. mining sector.
Hatch is recognized for its expertise in mine and process plant development, possessing decades of experience in the region. Cherry noted, "Hatch brings the depth, discipline, and proven execution capability required to responsibly deliver the Stibnite Gold Project," further asserting that their proficiency plays a vital role in progressing Stibnite to its next developmental stage.
In a show of confidence, Hatch is also making a significant equity investment of $4 million in Perpetua, underlining the alignment between the two companies' visions for the project. Hatch’s Chair and CEO, John Bianchini, reinforced the importance of their strategic alignment. He stated, "Perpetua's vision for Stibnite aligns with our belief that world-class projects demand world-class execution." The emphasis on a domestic mineral supply chain resonates with Hatch’s goals, making this partnership crucial for both entities.
Under the terms of the EPCM model, Hatch is set to take on various responsibilities, including:
1. Comprehensive engineering and design of the process plant and related site infrastructure.
2. Management of procurement for major equipment and systems necessary for the site’s operational integrity.
3. Overall construction management for the process facility and supporting infrastructure.
4. Integrated project controls to ensure performance management and governance.
This strategy aims to enhance the execution of what is expected to be a landmark mining operation while ensuring transparency and predictability in delivery outcomes. Perpetua’s proactive approach to secure the necessary resources for maintaining project momentum is pivotal, especially as it navigates the complexities of project financing in collaboration with the U.S. Export-Import Bank.
The selection of Hatch is more than just a contractor agreement; it strengthens Perpetua's preparedness for construction and eases the financing due diligence process. The decision followed a rigorous multi-disciplinary evaluation of potential candidates, focusing on their technical expertise and readiness for execution. Ultimately, Hatch emerged as the top choice amidst a competitive landscape, ensuring a solid foundation for Perpetua as the project advances.
Alongside the EPCM agreement, the $4 million equity investment signifies Hatch's commitment, ensuring their vested interest in the successful completion of the Stibnite project. The investment entails issuing 138,696 common shares priced at $28.84, mirroring the closing stock price from December 12, 2025. Notably, this deal is being structured under the Securities Act of 1933, allowing Perpetua to leverage existing stock for further funding opportunities.
Importantly, the Stibnite Gold Project is notable for being the only known source of antimony in the U.S., a mineral crucial for defense applications in the production of munitions. By integrating advanced mining techniques and addressing legacy environmental concerns, Perpetua aims to transform an abandoned site into a thriving source of critical minerals essential for national resilience.
With Hatch’s backing and expertise, the Stibnite Gold Project is not just another mining venture; it’s an opportunity to redefine the landscape of critical mineral sourcing in the U.S., emphasizing the balance between resource recovery and environmental stewardship. The collaborative efforts of Perpetua Resources and Hatch might just pave the way for future-focused developments in the mining industry, ensuring the United States meets both its commercial and defense mineral needs responsibly.
For more information about Perpetua Resources and their groundbreaking project, visit www.perpetuaresources.com.
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