---
schema_version: "secwatch.filing_event.v1"
accession: "0001064728-23-000143"
form_type: "8-K"
ticker: "BTU"
cik: "0001064728"
company_name: "PEABODY ENERGY CORP"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:40:07.833454+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Peabody Energy to acquire Wards Well tenements in Queensland for $136M upfront, plus contingent royalty up to $200M

## Summary
- Upfront purchase price of ~$136M; additional contingent royalty of up to $200M on first 120Mt of coal mined.
- Acquisition covers southern part of Stanmore's Wards Well tenements in Bowen Basin, Queensland.
- Subject to regulatory approvals (FIRB), financier approval, ministerial approval, and infrastructure access agreement.
- If conditions not satisfied within 12 months, alternate transaction via put/call option deed may proceed.
- Peabody subsidiary also to negotiate gas rights and infrastructure access agreements.

## SEC filing metadata
- accession: 0001064728-23-000143
- form_type: 8-K
- ticker: BTU
- cik: 0001064728
- company_name: PEABODY ENERGY CORP
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1064728/000106472823000143/0001064728-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1064728/000106472823000143/btu-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001064728-23-000143
- JSON: https://secwatch.observer/filing/0001064728-23-000143.json
- Plain text: https://secwatch.observer/filing/0001064728-23-000143.txt

## Key facts
- Material Agreements
  PEABODY ENERGY CORP entered into Sale and Purchase Agreement with Stanmore SMC Pty Ltd valued at up-front purchase price of approximately $136,000,000 in addition to a contingent royalty of up to $ (effective 2023-10-25).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Stanmore SMC Pty Ltd
  - Value: up-front purchase price of approximately $136,000,000 in addition to a contingent royalty of up to $
  - Effective: 2023-10-25
  source text: On October 25, 2023, Peabody Energy Corporation, a Delaware corporation (the “Company”), entered into a definitive sale and purchase agreement (the “Sale and Purchase Agreement”), dated October 26, 2023, by and between Stanmore SMC Pty Ltd (“Stanmore”), a wholly-owned subsidiary of Stanmore Resources Limited and Peabody (Bowen) Pty Ltd, a wholly-owned subsidiary of the Company (“Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000106472823000143/0001064728-23-000143-index.htm
- Material Agreements
  PEABODY ENERGY CORP entered into Put and Call Option Deed with Stanmore SMC Pty Ltd valued at Alternate Transaction would involve the Buyer acquiring all of the Wards Well Tenements, and subleas (effective 2023-10-26).
  - Action: entry
  - Counterparty: Stanmore SMC Pty Ltd
  - Value: Alternate Transaction would involve the Buyer acquiring all of the Wards Well Tenements, and subleas
  - Effective: 2023-10-26
  source text: To facilitate the pathway of the Alternate Transaction if the Acquisition Conditions are not satisfied within 12 months, the Buyer and Stanmore also entered into a put and call option deed (the “Put and Call Option Deed”), dated as of October 26, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000106472823000143/0001064728-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.