Core Viewpoint - Perpetua Resources Corp. faces a federal securities class action due to undisclosed material information regarding increased capital expenditures for its Stibnite Gold Project, leading to a significant drop in share price [1][3][4]. Group 1: Class Action Details - The law firm Kirby McInerney LLP is notifying investors of a deadline on May 20, 2025, to seek the role of lead plaintiff in the class action [1]. - The class action pertains to investors who acquired Perpetua securities between April 17, 2024, and February 13, 2025 [1]. Group 2: Financial Impact - On February 13, 2025, Perpetua announced an updated cash flow model revealing additional capital expenses of $952 million, which is over a 75% increase from initial estimates [3]. - Following this announcement, Perpetua's share price fell by $2.68, approximately 22%, from $11.97 to $9.29 per share [3]. Group 3: Allegations - The complaint alleges that Perpetua failed to disclose material information regarding expected initial capital expenditures for the Stibnite Gold Project during the class period [4].
PPTA INVESTOR ALERT: Kirby McInerney LLP Reminds Perpetua Resources Corp. (PPTA) Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit