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Perpetua Resources Signs EPCM Agreement for Stibnite Project

Story Highlights
  • Perpetua hired Hatch to manage key engineering, procurement and construction services for the Stibnite Gold Project.
  • The cost-plus agreement anticipates a $200–$220 million control budget, clarifying responsibilities and risk allocation without a guaranteed price.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Perpetua Resources Signs EPCM Agreement for Stibnite Project

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Perpetua Resources ( (PPTA) ) has issued an announcement.

On December 18, 2025, Perpetua Resources Idaho, Inc. signed an engineering, procurement, and construction management services agreement with Hatch Ltd. for defined portions of the Stibnite Gold Project, covering design, engineering, procurement management, construction management, project controls, and commissioning and operational readiness support. The scope, to be finalized in February 2026, is expected to include the balance of the process plant, the pressure oxidation facility and associated on-site infrastructure and utilities, while key off-site and certain on-site elements such as power transmission, roadway construction, tailings embankment works, water treatment design, and diversion tunnel will remain directly managed by Perpetua or other contractors. Hatch will be paid on a cost-plus basis with a performance-based incentive pool, and Perpetua currently anticipates a control budget of $200–$220 million for the scoped services, though this does not represent a guaranteed maximum price and may change as engineering and construction progress. The agreement clearly delineates responsibilities—Hatch providing management, oversight and coordination but not acting as the construction contractor of record—with customary terms on safety, liability, termination for cause or convenience, and indemnities, underscoring a structured risk-sharing framework as Perpetua advances the Stibnite project into detailed execution planning.

The most recent analyst rating on (PPTA) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Spark’s Take on PPTA Stock

According to Spark, TipRanks’ AI Analyst, PPTA is a Neutral.

Perpetua Resources presents a mixed picture. The strong technical momentum could attract speculative interest, but financial fundamentals are weak, with no revenue and reliance on financing for cash flow. The stock’s valuation is unappealing due to the lack of profitability and dividend yield. Investors should be cautious of the overbought technical indicators and consider the company’s long-term revenue generation challenges.

To see Spark’s full report on PPTA stock, click here.

More about Perpetua Resources

Perpetua Resources Corp., through its wholly owned subsidiary Perpetua Resources Idaho, Inc., is developing the Stibnite Gold Project, a large-scale mining project focused on gold production and associated processing infrastructure in Idaho. The company’s activities center on advancing this project through detailed engineering, permitting, procurement, and construction management to bring the mine and related facilities into operation.

Average Trading Volume: 3,315,194

Technical Sentiment Signal: Buy

Current Market Cap: $3.36B

See more data about PPTA stock on TipRanks’ Stock Analysis page.

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