Perpetua Resources(US:PPTA) Prnewswireยท2025-05-13 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] Case Details - The lawsuit claims that the 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] - The increased costs were attributed to inflation, indirect costs, higher mining costs, and specific project decisions, such as changing the design of electrical poles from timber to steel and opting to buy rather than lease the oxygen plant [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 - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Why Levi & Korsinsky - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the U.S. [4]