0001104659-26-046859
SEC filingPerpetua Resources Corp.'s subsidiary PRII entered into a Second Amendment with Hatch Ltd. for the supply of Proprietary Equipment including autoclaves for the Stibnite Gold Project at a fixed price of $32.1 million.
This Second Amendment builds on prior agreements dated December 18, 2025 (original EPCM Agreement) and February 28, 2026 (First Amendment adding POX/O2 System scope), selecting Hatch as direct supplier for critical Proprietary Equipment essential to the Stibnite Gold Project's pressure oxidation process. The fixed $32.1 million price provides cost certainty for these high-value components, with limited adjustment mechanisms protecting PRII from broad price escalation while allowing flexibility for defined risks like force majeure or regulatory changes. Exclusion of installation and taxes from the price shifts those responsibilities and costs to PRII, potentially optimizing Hatch's supply focus. The tailored warranty regime offers targeted protection against material/workmanship defects or spec non-conformance, with clear timelines tied to delivery and installation, though subject to exclusions for misuse, wear, or third-party parts. Owner-mandated on-site support by Hatch to maintain warranty underscores integration needs. Termination rights favor PRII with convenience option, balancing Hatch's cause-based protections. Overall, this advances Project execution by securing proprietary technology supply under defined commercial terms, reducing execution risk for investors tracking Stibnite development.