Levi & Korsinsky Notifies Shareholders of Perpetua Resources Corp.(PPTA) of a Class Action Lawsuit and an Upcoming Deadline

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] Group 1: Lawsuit Details - The lawsuit claims that defendants provided misleading information 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 design changes made by the defendants, such as switching from timber to steel for electrical poles [2] Group 2: Stock Price Impact - Following the announcement of increased capital expenses, Perpetua's stock price dropped 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 relevant period have until May 20, 2025, to request to be appointed as lead plaintiff, although participation in any recovery 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 has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]