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U.S. Secretary of Labor, Idaho Governor Visit Perpetua Resources to Discuss Stibnite Gold Project Importance to Securing U.S. Jobs and Critical Minerals
Prnewswire· 2025-08-06 23:54
Core Insights - The Stibnite Gold Project is recognized as a "Transparency Project" by the National Economic Development Council, highlighting its strategic importance for U.S. national security and critical mineral supply chains [2][9] - The project is expected to create over 550 direct jobs in rural Idaho during its construction and operational phases, providing family-wage employment opportunities [1][3] - Perpetua Resources has committed to supporting local education through the Stibnite Launch Scholarship, which will fund scholarships for students in the Geosciences and Mining Technician programs at the College of Western Idaho [3][5] Company Overview - Perpetua Resources Corp. focuses on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho [9] - The Stibnite Gold Project is one of the highest-grade open-pit gold deposits in the U.S. and aims to restore an abandoned mine site while producing gold and the only domestically mined source of antimony [9] - The project has received over $80 million in funding from the Department of Defense to advance its development, emphasizing its role in meeting U.S. defense needs [2][9] Educational Initiatives - The Stibnite Launch Scholarship will provide $250,000 to support 12 or more students annually in CWI's Geosciences and Mining Technician programs for the next three years [3][5] - This initiative is designed to complement the Idaho LAUNCH grant program, which covers 80% of tuition and fees for eligible students, thereby closing the funding gap for those pursuing education in mining [5][6] - The partnership between Perpetua Resources and CWI aims to enhance hands-on learning and workforce opportunities, ensuring local communities thrive economically [6][4] Government Support - The visit from U.S. Secretary of Labor Lori Chavez-DeRemer and Idaho Governor Brad Little underscores the government's commitment to domestic critical mineral projects and job creation [2][8] - The discussions during the visit included the need for permitting reform to advance critical mining projects and the importance of educational programs like Idaho LAUNCH for workforce readiness [7][8] - Secretary Chavez-DeRemer emphasized the importance of initiatives like the Stibnite Gold Project in securing critical mineral supply chains and creating in-demand jobs [3][8]
Perpetua Resources Announces Webinar to Provide Update on Successful Financing and Next Steps to Unlock Value at the Stibnite Gold Project
Prnewswire· 2025-06-16 21:03
Core Viewpoint - Perpetua Resources Corp. has successfully closed a registered offering and private placement of common shares, positioning the company to advance the development of the Stibnite Gold Project, which is expected to unlock significant value [3][6]. Financing and Development Plans - The company has submitted an application for up to US$2 billion in project financing to the Export-Import Bank of the United States, which is part of a comprehensive financing package for the Stibnite Gold Project [3]. - The webinar scheduled for June 18, 2025, will provide insights into the recent financing and future plans for the project, featuring key executives including the largest shareholder, John Paulson [2][9]. Project Overview - The Stibnite Gold Project is recognized as one of the highest-grade open pit gold deposits in the United States, focusing on responsible mining practices to restore an abandoned mine site while producing gold and antimony [6]. - Antimony from the Stibnite site is the only known domestic source that meets U.S. defense needs for various military applications [6].
PPTA Deadline: PPTA Investors Have Opportunity to Lead Perpetua Resources Corp. Securities Fraud Lawsuit
Prnewswire· 2025-05-19 22:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Perpetua securities between April 17, 2024, and February 13, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [4]. - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [4].
Lost Money on Perpetua Resources Corp. (PPTA)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-19 17:21
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].
The Gross Law Firm Notifies Shareholders of Perpetua Resources Corp.(PPTA) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-19 17:04
Core Viewpoint - The Gross Law Firm is notifying 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 Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][2]. - The lawsuit alleges that the company misrepresented the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [2]. Financial Impact - 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 [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 for Shareholders - The deadline for shareholders to register for the class action is May 20, 2025, and those who register will receive updates throughout the case lifecycle [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4].
Perpetua Resources Corp. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 20, 2025 to Discuss Your Rights - PPTA
Prnewswire· 2025-05-16 09:45
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]. Case Details - The lawsuit claims that the defendants misrepresented 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 design changes made by the defendants, such as switching from timber to steel for electrical poles and opting to buy rather than lease the oxygen plant [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]. Next Steps - Investors who suffered losses during the specified timeframe have until May 20, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Class Action Filed Against Perpetua Resources Corp. (PPTA) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-05-15 17:56
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][3]. Summary by Relevant Sections Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][3]. - The deadline for shareholders to register for the class action is May 20, 2025 [4]. Allegations and Financial Impact - The complaint alleges that Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [3]. - 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% [3]. - 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 [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the class action does not incur any costs or obligations for the shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
Shareholders that lost money on Perpetua Resources Corp.(PPTA) should contact Levi & Korsinsky about pending Class Action - PPTA
Prnewswire· 2025-05-13 09:45
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] 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]
Contact The Gross Law Firm by May 20, 2025 Deadline to Join Class Action Against Perpetua Resources Corp. (PPTA)
GlobeNewswire News Room· 2025-05-12 17:09
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][3]. Summary by Relevant Sections Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][3]. - The allegations include that the defendants provided misleading information about the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [3]. Financial Impact - On February 13, 2025, Perpetua announced an updated cash flow model revealing additional capital expenses of $952 million, representing a more than 75% increase from initial estimates [3]. - The stock price of Perpetua 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 [3]. Next Steps for Shareholders - The deadline for shareholders to register for the class action is May 20, 2025, and there is no cost or obligation to participate [4]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4]. Firm's Commitment - The Gross Law Firm is dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [5].
May 20, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against PPTA
Prnewswire· 2025-05-12 09:45
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].