#United States #New York #Class Action #Perpetua Resources #Ticker PPTA

Class Action Lawsuit Notification for Perpetua Resources Investors

Levi & Korsinsky, LLP has taken significant steps to inform investors in Perpetua Resources Corp. (NASDAQ: PPTA) about an upcoming class action lawsuit that aims to address alleged securities fraud. This notice is essential for any investor who has suffered losses due to these alleged fraudulent activities and considers participating in the action.

Overview of Allegations

The foundation of the lawsuit rests on several key facts surrounding the disclosures by Perpetua Resources regarding its flagship project, the Stibnite Gold Project. Investors were allegedly misled about the project’s expected initial capital expenditures, with claims suggesting that the impact of inflation and various cost-increasing factors were understated.

On February 13, 2025, Perpetua released updated information regarding its cash flow model for the Stibnite Gold Project, revealing an astonishing increase of over 75% in the anticipated capital expenses — raising the figure to $952 million. This revelation starkly contrasted with the previously communicated estimates and has caused significant dismay among shareholders. Following this announcement, Perpetua’s stock price dropped sharply from a closing price of $11.97 on February 13 to just $9.29 on February 14, demonstrating a drastic one-day decline of roughly 22.39%.

The lawsuit thus seeks to recover losses incurred by investors who trusted the prior representations made by Perpetua. These misrepresentations allegedly occurred between April 17, 2024, and February 13, 2025, creating a substantial timeframe for affected claims.

What Investors Should Know

Affected shareholders who sustained losses during the specified timeframe have until May 20, 2025, to request their inclusion as lead plaintiffs in this class action. It is important to note that participating in the lawsuit as a class member does not necessitate acting as a lead plaintiff. Levi & Korsinsky clarifies that potential investors can expect no out-of-pocket costs related to the prosecution of this case.

Investors who believe they may have a valid claim or wish to inquire about the process can reach out to Levi & Korsinsky directly. Partner Joseph E. Levi can be contacted via email at [email protected] or by phone at (212) 363-7500. The firm provides guidance and support, making it easier for investors to navigate this challenging situation.

Why Levi & Korsinsky?

With a robust record over the past two decades, Levi & Korsinsky has developed a reputation for recovering substantial funds for shareholders affected by corporate misconduct. The firm operates with more than 70 staff members, specializing in complex securities litigation, ensuring a dedicated approach towards each case it handles. It's consistently ranked among the top securities litigation firms in the US by ISS Securities Class Action Services, affirming its capabilities and trustworthiness.

Conclusion

In these times of uncertainty, Perpetua investors are encouraged to stay informed and act promptly if they feel affected by the situation. The class action lawsuit represents an opportunity for investors to reclaim some of what they may have lost due to the alleged misrepresentation of crucial information regarding the Stibnite Gold Project. Don't hesitate to consult with the legal professionals at Levi & Korsinsky if you were adversely affected during the relevant period. Your voice matters and your chances to recover may depend on timely action.

For more detailed information, including how to submit claims, navigate your options, or additional queries, visit the firm’s website or contact them directly.

Stay engaged and proactive as the situation develops, and take the necessary steps to protect your investments.