Lawsuit filed for Investors who lost money with shares of Perpetua Resources Corp. (NASDAQ: PPTA)

An investor, who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA), filed a lawsuit over alleged violations of Federal Securities Laws by Perpetua Resources Corp. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) have certain options and for certain investors are short and strict deadlines running. Deadline: May 20, 2025. NASDAQ: PPTA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Boise, ID based Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States.

Perpetua Resources Corp. (NASDAQ: PPTA) reported that its annual Total Revenue rose from $0.083 million in 2023 to $0.119 million in 2024 and that its Net Loss declined from $18.77 million in 2023 to $14.48 million in 2024.

On February 13, 2025, Perpetua Resources Corp published an updated cash flow model for the Stibnite Gold Project, unveiling additional capital expenses of $952 million, a more than 75% increase from the original figures presented to investors and well beyond the suggested 10-20% increase contemplated by defendants. The Company attributed these increased costs on inflation, indirect costs, higher mining costs, and direct decisions defendants made with respect to the project, including the choice to change the design of the electrical poles from timber to steel and the decision to "buy-and-build instead of lease the oxygen plant."

Shares of Perpetua Resources Corp. (NASDAQ: PPTA) declined from $12.91 per share on February 5, 2025, to $7.81 per share on February 24, 2024.

The plaintiff claims that between April 17, 2024 and February 13, 2025, the defendants provided investors with material information concerning Perpetua's expected initial capital expenditure for the Stibnite Gold Project, that the defendants' statements included, among other things, minimization of the impact of inflation and other potential sources for increased capital expenditure costs for the project, and that the defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true cost of the Stibnite Gold Project; notably, the true impact of inflation and undisclosed decisions Defendants had made or were otherwise contemplating which had resulted in a drastic increase in projected initial capital expense.

Those who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.