Analysts Remain Bullish on Perpetua Resources as It Hires Hatch Ltd. as EPCM for Stibnite Gold Project

Perpetua Resources Corp. (NASDAQ:PPTA) is one of the 9 Best Junior Gold Mining Stocks to Buy Now.

As of January 5, all analysts covering Perpetua Resources Corp. (NASDAQ:PPTA) are bullish, with a consensus median price target of $32, which reflects a healthy upside of just over 21%.

On December 16, Perpetua Resources Corp. (NASDAQ:PPTA) announced that it has hired Hatch Ltd. as the Engineering, Procurement, and Construction Management contractor for the Stibnite Gold Project. Apart from that, Hatch is investing $4 million as an equity investment in Perpetua, as the contractor believes in the strategic vision of the project. The Private Placement comprises the 138,696 common shares of PPTA at the price of $28.24 per share, as of closing on December 12, 2025. “Partnering with Perpetua to safely and efficiently deliver this project is our highest priority,” said John Bianchini, CEO of Hatch.

Perpetua Resources Hires Hatch Ltd. as EPCM for Stibnite Gold Project

Stibnite Gold remains a key project for Perpetua, and Hatch’s involvement as an investor and contractor adds to Perpetua’s transition from planning to development. Jon Cherry, President and CEO of Perpetua Resources, said:

Hatch brings the depth, discipline, and proven execution capability required to responsibly deliver the Stibnite Gold Project. Today’s decision reflects our commitment to a robust construction strategy that combines top-tier engineering and project management while serving our national interest.

In other news, on December 9, Perpetua Resources Corp. (NASDAQ:PPTA) signed an agreement with the Idaho National Laboratory to work on a pilot processing plant on the company’s ores at the Stibnite project. The goal is to recover various key defense-related minerals, including antimony. Beyond the company’s primary focus on gold, the defense deal adds to its Stibnite project, with Perpetua receiving up to $22.4 million in Defense grants as of May 2025.

Perpetua Resources Corp. (NASDAQ:PPTA) is a development-stage gold mining company that acquires mining properties in the U.S.

While we acknowledge the potential of PPTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PPTA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.