#USA #New York #Class Action #Perpetua Resources #PPTA

Class Action Lawsuit Against Perpetua Resources Corp

The Gross Law Firm has announced an important notice for shareholders of Perpetua Resources Corp. (NASDAQ: PPTA). Those who acquired shares during the class action period, which spans from April 17, 2024, to February 13, 2025, are encouraged to reach out for information regarding their potential involvement in a lead plaintiff role. However, being appointed as a lead plaintiff is not a prerequisite for participating in any recovery.

Overview of Allegations

The class action complaint details significant allegations against Perpetua Resources. It asserts that the defendants failed to provide essential information regarding the anticipated capital expenditures for the Stibnite Gold Project. Notably, the allegations claim that the true financial implications were downplayed, particularly concerning inflation and other variables that could escalate capital costs.

On February 13, 2025, the company shocked investors by releasing an updated cash flow model which revealed a staggering $952 million in additional capital expenses for the Stibnite Gold Project—this represented an increase of more than 75% from the initial figures presented, greatly exceeding the 10-20% hike that company representatives had suggested might occur. The increased costs were attributed to multiple factors such as inflation, indirect costs arising from project decisions, and higher mining costs. For instance, the change in design of the electrical poles from timber to steel and the decision to