#Gross Law Firm #class action lawsuit #Perpetua Resources Corp

Class Action Lawsuit Update for Perpetua Resources Corp.

The Gross Law Firm has recently notified shareholders of Perpetua Resources Corp. (NASDAQ: PPTA) regarding a pending class action lawsuit. This announcement comes in light of significant changes that may impact investors who purchased shares during the specified class period from April 17, 2024, to February 13, 2025. The firm encourages shareholders to contact them for potential lead plaintiff appointments. Importantly, registration as a lead plaintiff is not a requirement for participation in any recovery.

Overview of Allegations

The complaint against Perpetua Resources Corp. alleges that the company's executives provided misleading information about the expected capital expenditure for the Stibnite Gold Project. Specifically, the defendants are claimed to have downplayed the impact of inflation and other factors that could increase capital costs associated with the project. On February 13, 2025, Perpetua issued a revised cash flow model for the project, revealing a staggering increase in capital expenses amounting to $952 million, an over 75% jump from initial figures presented to investors.

Details on Capital Cost Increase

The company's initial projections suggested only a modest increase of 10-20%, yet the actual costs soared significantly beyond this estimate. Factors contributing to the heightened expenses include inflation, increased mining costs, and critical decisions made by the company's management, such as switching from timber to steel for electrical poles and opting to