Perpetua Resources Corp. has appointed Hatch Ltd. as the engineering, procurement, and construction management (EPCM) contractor for its Stibnite Gold Project in Idaho, a move that positions the company to transition from permitting to construction readiness. The agreement includes a $4 million private‑placement equity investment by Hatch, consisting of 138,696 shares purchased at $28.84 per share, which will help fund the project’s development and construction phases.
The Stibnite project is a dual‑metal operation that will produce both gold and antimony, the latter being a critical mineral for U.S. defense systems. By securing Hatch’s expertise and capital, Perpetua aims to accelerate the project’s path to a final investment decision slated for spring 2026, while also addressing legacy environmental issues at the former mine site.
Jon Cherry, Perpetua’s President and CEO, said the partnership “brings the depth, discipline, and proven execution capability required to responsibly deliver the Stibnite Gold Project.” He added that Hatch’s investment signals confidence in the project’s commercial viability and its alignment with national security priorities. John Bianchini, Chair and CEO of Hatch, echoed this sentiment, noting that the company’s own equity stake reflects a shared commitment to building a domestic antimony supply chain and to delivering a modern, responsible mining operation.
The selection of Hatch follows a competitive review and is expected to streamline the design, engineering, and construction of the mine and processing facilities. The EPCM contract will cover detailed engineering, long‑lead equipment procurement, and construction management, with Hatch’s integrated project team overseeing all phases to ensure schedule and cost discipline. Perpetua’s management highlighted that the partnership will also support ongoing financing discussions with the U.S. Export‑Import Bank and other lenders, positioning the company to secure the debt needed to bring the project to production.
Analysts and investors have viewed the announcement as a positive step toward securing a domestic antimony supply, a commodity that has become increasingly strategic amid global supply chain uncertainties. The partnership is expected to enhance Perpetua’s credibility with government agencies and to strengthen its competitive position in the mining sector, while also contributing to the U.S. goal of reducing reliance on foreign antimony sources.
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