PERPETUA RESOURCES CORP. 8-K

What Happened

• Perpetua Resources Corp.’s wholly owned subsidiary, Perpetua Resources Idaho, Inc. (PRII), filed an 8-K reporting a Second Amendment (dated April 16, 2026) to its engineering, procurement, and construction management (EPCM) agreement with Hatch Ltd.
• The Second Amendment establishes terms for Hatch to supply Proprietary Equipment (autoclaves, flash vessels and vent gas cyclones) for the Stibnite Gold Project for a fixed aggregate purchase price of $32.1 million.

Key Details

• Parties: Perpetua Resources Idaho, Inc. (PRII) and Hatch Ltd.; Second Amendment effective April 16, 2026. (Prior EPCM agreement disclosed Dec 22, 2025; First Amendment on Feb 28, 2026.)
• Purchase Price: $32.1 million fixed aggregate price, subject to limited adjustments by change order for changes in specs/delivery, force majeure, law changes, or certain delivery issues.
• Scope & exclusions: Price covers supply of the Proprietary Equipment only; excludes on-site supervision, installation, erection, testing and commissioning (which Hatch may provide via change order) and excludes most taxes/levies payable by PRII.
• Contract terms: Second Amendment sets a separate warranty and liability regime and specific intellectual property rights for the Proprietary Equipment; PRII may terminate the amendment for convenience with at least 30 days’ notice (subject to payment obligations); Hatch retains termination-for-cause rights with certain payment remedies.
• Filing: The Second Amendment is filed as Exhibit 10.1 to the 8-K, with portions redacted under Regulation S-K.

Why It Matters

• This amendment formalizes a $32.1M equipment supply commitment for the Stibnite Gold Project, affecting the project’s procurement and capital deployment plans.
• The price is fixed but can change in defined circumstances and does not include installation or certain taxes, so total project costs and timing may still be affected by additional work orders or charges.
• Key commercial terms (warranty, liability, IP, termination rights) are now set for this proprietary equipment supplier, which can influence project risk allocation and contractor recourse.