Perpetua Resources(PPTA)
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Perpetua Resources Submits Formal Application to Export-Import Bank of the United States to Finance the Stibnite Gold Project
Prnewswire· 2025-05-23 11:00
Core Viewpoint - Perpetua Resources Corp. has submitted a formal application to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2 billion to construct the Stibnite Gold Project, which aims to establish a domestic source of antimony and produce gold [2][3][4]. Group 1: Project Financing and Application - The application amount has increased from $1.8 billion to $2 billion, reflecting a higher estimated number of job-years based on recent financial updates and engineering work [1][3]. - EXIM is expected to conduct standard due diligence on the application, assessing the project's eligibility under relevant initiatives [2][3]. - The financing, if approved, could cover a majority of the project's development costs, enhancing the U.S. competitive position against China in antimony production [5][6]. Group 2: Strategic Importance of the Project - The Stibnite Gold Project is positioned as a national strategic asset for domestic antimony production and is also recognized as a world-class gold asset [4][5]. - The project aims to restore a secure supply of antimony for the U.S., which is critical for national defense, especially after China blocked global antimony exports in 2024 [5][6]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to advance the project [7]. Group 3: Regulatory and Permitting Progress - Perpetua has received its final federal permit, the Clean Water Act Section 404 permit, marking the end of an eight-year federal permitting process [6]. - The company is now focused on obtaining remaining state permits and securing financing to commence construction [6][7].
PPTA Deadline: PPTA Investors Have Opportunity to Lead Perpetua Resources Corp. Securities Fraud Lawsuit
Prnewswire· 2025-05-19 22:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Perpetua securities between April 17, 2024, and February 13, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [4]. - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [4].
Perpetua Resources Receives Final Federal Permit for Stibnite Gold Project
Prnewswire· 2025-05-19 21:00
Core Points - The U.S. Army Corps of Engineers has issued the final federal Clean Water Act Section 404 permit for the Stibnite Gold Project, allowing Perpetua Resources to advance towards construction [1][2] - The project aims to be the only domestic source of antimony, enhancing U.S. national security and providing environmental and community benefits [1][2] - The Stibnite Gold Project is expected to create approximately 550 jobs during operations and produce around 450,000 ounces of gold annually in its first four years [2][3] Project Details - The Stibnite Gold Project is designed to redevelop the historical Stibnite Mining District for gold, silver, and antimony while restoring the environment [3][7] - The project holds approximately 4.8 million ounces of gold reserves and an estimated 148 million pounds of antimony, which could meet about 35% of U.S. antimony demand during its initial six years of production [2][3] - The project has undergone eight years of rigorous permitting, including multiple environmental impact statements, with over 23,000 letters of support received during public comment periods [3][4] Economic and Environmental Impact - The project is expected to bring significant investment to rural Idaho and enhance U.S. mineral security, especially after China cut off global antimony exports [2][4] - Environmental restoration efforts include improving water quality, restoring natural water flow, and increasing wetland acres and quality [5][6] - The project has been recognized as a Transparency Project by the Trump Administration, aimed at bolstering American mineral production [4][6] Company Background - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, applying a modern and responsible mining approach [7] - The company has received $59.2 million in Defense Production Act funding to advance the project [7] - Perpetua Resources is committed to transparency, environmental stewardship, and community engagement as part of its operational strategy [7]
Lost Money on Perpetua Resources Corp. (PPTA)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-19 17:21
Core Viewpoint - A class action securities lawsuit has been filed against Perpetua Resources Corp. due to alleged securities fraud that affected investors between April 17, 2024, and February 13, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Perpetua Resources Corp. misled investors regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2]. - On February 13, 2025, Perpetua revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise only by 10-20% [2]. - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific project decisions, such as changing the design of electrical poles from timber to steel [2]. Group 2: Stock Price Impact - Following the announcement of increased capital expenses, Perpetua's stock price dropped significantly from $11.97 per share on February 13, 2025, to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [2]. Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request appointment as lead plaintiff in the lawsuit, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].
The Gross Law Firm Notifies Shareholders of Perpetua Resources Corp.(PPTA) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-19 17:04
Core Viewpoint - The Gross Law Firm is notifying shareholders of Perpetua Resources Corp. regarding a class action lawsuit due to significant increases in capital expenditure for the Stibnite Gold Project, which led to a substantial decline in the company's stock price [1][2]. Summary by Sections Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][2]. - The lawsuit alleges that the company misrepresented the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2]. Financial Impact - On February 13, 2025, Perpetua disclosed an updated cash flow model revealing additional capital expenses of $952 million, representing a more than 75% increase from initial estimates [2]. - Following this announcement, Perpetua's stock price dropped from $11.97 per share to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [2]. Next Steps for Shareholders - The deadline for shareholders to register for the class action is May 20, 2025, and those who register will receive updates throughout the case lifecycle [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4].
PPTA DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Perpetua Resources Corp. Investors to Secure Counsel Before Important May 20 Deadline in Securities Class Action – PPTA
GlobeNewswire News Room· 2025-05-19 16:55
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025 [1] Group 1: Class Action Details - Investors who purchased Perpetua securities between April 17, 2024, and February 13, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4] Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [5] - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [5]
Perpetua Resources Reports Results of 2025 Annual Meeting
Prnewswire· 2025-05-16 21:02
Core Points - Perpetua Resources Corp. held its annual general meeting on May 15, 2025, with 48,388,748 common shares represented, accounting for 67.90% of the votes attached to all outstanding shares [1][2] - All director nominees were elected with significant support, with the highest percentage of votes for Jonathan Cherry at 99.85% [2] - PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025, with 99.76% voting in favor [3] Company Overview - Perpetua Resources focuses on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, specifically through the Stibnite Gold Project [4] - The Stibnite Gold Project is noted as one of the highest-grade open-pit gold deposits in the U.S. and aims to restore an abandoned mine site while producing gold and antimony, the latter being crucial for U.S. defense needs [4] - The project is set to be powered by one of the lowest carbon emissions grids in the nation and has received $59.2 million in DPA funding to advance construction readiness and permitting [4]
Perpetua Resources Corp. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 20, 2025 to Discuss Your Rights - PPTA
Prnewswire· 2025-05-16 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Perpetua Resources Corp. due to alleged securities fraud that affected investors between April 17, 2024, and February 13, 2025 [1]. Case Details - The lawsuit claims that the defendants misrepresented the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2]. - On February 13, 2025, Perpetua disclosed an updated cash flow model revealing additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise by only 10-20% [2]. - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific design changes made by the defendants, such as switching from timber to steel for electrical poles and opting to buy rather than lease the oxygen plant [2]. - Following this announcement, Perpetua's stock price plummeted from $11.97 per share to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [2]. Next Steps - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Class Action Filed Against Perpetua Resources Corp. (PPTA) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-05-15 17:56
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Perpetua Resources Corp. regarding a class action lawsuit due to significant increases in capital expenditure for the Stibnite Gold Project, which led to a substantial decline in the company's stock price [1][3]. Summary by Relevant Sections Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][3]. - The deadline for shareholders to register for the class action is May 20, 2025 [4]. Allegations and Financial Impact - The complaint alleges that Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [3]. - On February 13, 2025, Perpetua revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise only by 10-20% [3]. - Following this announcement, Perpetua's stock price dropped from $11.97 per share to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the class action does not incur any costs or obligations for the shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
Shareholders that lost money on Perpetua Resources Corp.(PPTA) should contact Levi & Korsinsky about pending Class Action - PPTA
Prnewswire· 2025-05-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Perpetua Resources Corp. due to alleged securities fraud that affected investors between April 17, 2024, and February 13, 2025 [1] Case Details - The lawsuit claims that the defendants misled investors regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2] - On February 13, 2025, Perpetua disclosed an updated cash flow model revealing additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise by only 10-20% [2] - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific project decisions, such as changing the design of electrical poles from timber to steel and opting to buy rather than lease the oxygen plant [2] - Following this announcement, Perpetua's stock price dropped from $11.97 per share to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [2] Next Steps - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Why Levi & Korsinsky - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the U.S. [4]