Levi & Korsinsky, LLP has filed a class action lawsuit on behalf of investors in Perpetua Resources Corp. (NASDAQ: PPTA), alleging the company misled shareholders about the true costs of its Stibnite Gold Project.
The suit covers investors who purchased Perpetua stock between April 17, 2024, and February 13, 2025. According to the complaint, company executives downplayed inflation and other cost risks, suggesting only minor capital increases.
But on February 13, Perpetua released an updated financial model showing a $952 million surge in projected expenses, a 75% increase over prior estimates.
The spike was attributed to inflation, higher mining costs, and company decisions such as switching from timber to steel utility poles and buying rather than leasing an oxygen plant.
The next day, Perpetua’s stock plunged 22.39%, dropping from $11.97 to $9.29 per share.
Investors who suffered losses during the class period have until May 20, 2025, to request appointment as lead plaintiff. You don’t need to serve as lead plaintiff to be eligible for compensation.
To join the lawsuit or learn more:
👉 Submit your information here or contact: Joseph E. Levi, Esq. , jlevi@levikorsinsky.com
Or by telephone: (212) 363-7500.
Kirkland & Ellis Advises Altas Partners on Equity Investment in Redwood Services
Pappas Restaurants Acquires On The Border After Bankruptcy Filing
Texas Approves Bail Reform Amendment Backed by Governor Abbott
