May 20, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against PPTA

Core Viewpoint - The Gross Law Firm has issued a notice to 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 Allegations - The complaint alleges that Perpetua Resources Corp. misled investors about 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 revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise only by 10-20% [2]. - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific design changes made by the company [2]. Stock Price Impact - Following the announcement of increased capital expenses, Perpetua's stock price fell 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]. Class Action Details - Shareholders who purchased shares of PPTA during the class period from April 17, 2024, to February 13, 2025, are encouraged to register for the class action lawsuit, with a deadline of May 20, 2025 [3]. - Participants will be enrolled in a portfolio monitoring software to receive updates on the case [3]. Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit and illegal business practices, ensuring companies adhere to responsible business practices [4].