Faruqi & Faruqi Reminds Perpetua Resources Corp. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 20, 2025 - PPTA

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Perpetua Resources Corp. due to allegations of violations of federal securities laws related to misleading statements about the Stibnite Gold Project, which led to significant financial losses for investors [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $50,000 in Perpetua between April 17, 2024, and February 13, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Perpetua, with a deadline of May 20, 2025, for investors to seek the role of lead plaintiff [2][7]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Perpetua's conduct [8]. Group 2: Allegations Against Perpetua - The complaint alleges that Perpetua and its executives made false and misleading statements regarding the true costs of the Stibnite Gold Project, particularly concerning inflation impacts and undisclosed decisions that increased projected capital expenses [4]. - Following the release of an updated cash flow model on February 13, 2025, which indicated increased capital expenditures, Perpetua's stock price fell over 22% on February 14, 2025 [5][6]. Group 3: Financial Context - The updated cash flow model reflects an increase in initial and total capital expenditures and life-of-mine all-in sustaining costs (LOM AISC) compared to the 2020 Feasibility Study, but also shows improvements in key economic metrics such as Annual Average EBITDA and Annual Average Free Cash Flow due to rising commodity prices [5].