Pomerantz Law Firm Issues Investor Alert on Perpetua Resources Corp. Class Action Lawsuit

Investor Alert: Class Action Lawsuit Against Perpetua Resources Corp.

On May 20, 2025, Pomerantz LLP announced the initiation of a class action lawsuit against Perpetua Resources Corp., an entity listed on NASDAQ under the ticker symbol PPTA. This action comes in response to allegations suggesting that the company, along with certain officers and directors, may have engaged in securities fraud and other unlawful business practices, thus causing substantial losses to investors.

Urgent Call for Investors

Investors who have suffered losses from their investments in Perpetua Resources during the designated Class Period are urged to promptly reach out to Danielle Peyton via email at [email protected] or by calling 646-581-9980. Alternative contact through toll-free number 888.4-POMLAW, ext. 7980, is also available. Those who choose to reach out via email are advised to provide their mailing address, phone number, as well as details on the number of shares purchased. This will assist in expediting the process of evaluating claims.

Key Allegations and Stock Price Drop

The lawsuit primarily revolves around the allegations of securities fraud that may have affected investor confidence and consequently impacted the stock price of Perpetua. On February 13, 2025, the company disclosed a revamped cash flow model for its Stibnite Gold Project, revealing a startling increase in capital expenses, which surged to $952 million, representing a 75% escalation from previous estimates. These increased costs were attributed to inflation, indirect expenses, and heightened mining costs, as well as strategic decisions made by the company, including changes in project design and equipment acquisition methods. The following day, Perpetua’s stock plummeted by $2.68 per share—a remarkable 22.39% decline—closing at $9.29 per share on February 14, 2025, signaling serious investor concern.

Background on Pomerantz LLP

Pomerantz LLP is widely recognized as one of the principle law firms specializing in corporate and class actions. With a historical legacy that spans more than 85 years, the firm was founded by Abraham L. Pomerantz, who is famously referred to as the dean of the class action bar. The firm is renowned for championing the rights of victims against securities fraud, breaches of fiduciary duty, and other forms of corporate malfeasance. They have a documented history of securing substantial damages for class members—a testament to their dedication and expertise in advocating for investor rights. More information can be found at their website, www.pomlaw.com.

Getting Involved

The court has set a deadline for investors to request their appointment as Lead Plaintiff in the class action by May 20, 2025. This timeframe underscores the urgency for affected shareholders to take action if they wish to participate in the lawsuit. A copy of the complaint and further details regarding joining the class action can be accessed online at www.pomerantzlaw.com.

As the situation develops, investors are advised to keep informed regarding any changes or new disclosures from Perpetua Resources, and to monitor their investments closely.