Perpetua Resources Faces Class Action Over Alleged Securities Fraud

A class action lawsuit has been filed against Perpetua Resources Corp. for alleged securities fraud affecting shareholders from April 17, 2024, to February 13, 2025. The lawsuit claims the company misled investors regarding the initial capital expenditures for the Stibnite Gold Project, significantly underestimating costs, which were later revealed to have increased by over 75% due to various factors including inflation and design changes. Following the disclosure of these increased costs, Perpetua's stock price plummeted by approximately 22% in one day, prompting the class action. Interested investors must act by May 20, 2025, if they wish to serve as lead plaintiffs or participate in the recovery process. Multiple law firms are encouraging affected investors to join the lawsuit, highlighting their expertise in securities class actions. This case reflects ongoing concerns regarding transparency and accountability in corporate financial reporting.