Perpetua Resources(PPTA) Prnewswire·2025-05-09 09:45Core 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 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] - 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] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3] - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]