Class Action Filed Against Perpetua Resources Corp. (PPTA) - May 20, 2025 Deadline to Join - Contact The Gross Law Firm

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 there is no cost or obligation to participate [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4].