Perpetua Resources Corp. (NASDAQ: PPTA)

This lawsuit is for anyone who acquired securities in Perpetua Resources Corp. (NASDAQ: PPTA) from April 17, 2024 through February 13, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors of material changes to the cost of the Company’s Stibnite Gold Project.

On February 13, 2025, Perpetua published an updated cash flow model for its project of the restoration and redevelopment of an Idaho mine, referred to as the Stibnite Gold Project, revealing additional capital expenses of $952 million, more than 75% above the original estimate presented to investors. The Company attributed the price increase on increased costs on inflation, indirect costs, higher mining costs, and direct decisions made with respect to the project, including the choice to change the design of the electrical poles from timber to steel and the decision to “buy-and-build instead of lease the oxygen plant.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Perpetua Resources Corp. (NASDAQ: PPTA) from April 17, 2024 through February 13, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.