Lost Money on Perpetua Resources Corp. (PPTA)? Join Class Action Suit Seeking Recovery

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][2]. Group 1: Lawsuit Details - The lawsuit claims that Perpetua Resources Corp. 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 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 project decisions, such as changing the design of electrical poles from timber to steel [2]. Group 2: Stock Price Impact - Following the announcement of increased capital expenses, Perpetua's stock price dropped significantly 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 specified timeframe have until May 20, 2025, to request appointment as lead plaintiff in the lawsuit, although participation 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, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].