PureCycle Technologies Inc. has entered into a Construction Progress Agreement $(CPA)$ with the Development Authority of Augusta, Georgia (AEDA), revising and supplementing the construction milestones and related obligations for its second-generation polypropylene recycling facility in Augusta, Georgia. Under the CPA, PureCycle will make aggregate cash payments of $500,000 to AEDA in two equal installments, with the first payment expected by January 9, 2026. The company has also waived its right to lease an additional approximately 50 acres beyond the initial site. The agreement establishes a revised construction timeline with milestone targets extending through commissioning, startup, and full production, including a requirement to start construction no later than March 2028. The CPA also includes penalties and termination rights for AEDA if certain milestones are not met.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PureCycle Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-011168), on January 13, 2026, and is solely responsible for the information contained therein.