Class Action Lawsuit Filed Against Perpetua Resources Corp. for Securities Fraud

A class action lawsuit has been initiated against Perpetua Resources Corp., alleging securities fraud due to misleading statements regarding the Stibnite Gold Project's capital expenditures. The lawsuit claims that between April 17, 2024, and February 13, 2025, the company downplayed the impact of inflation and other cost factors, leading to a shocking 75% increase in projected expenses, totaling an additional $952 million. Following the announcement of these increased costs, Perpetua's stock price plummeted by 22.39% in one day, raising concerns among investors. Multiple law firms, including the Schall Law Firm and Robbins LLP, are urging affected shareholders to join the class action to recover losses. The deadline for investors to act and seek lead plaintiff status is May 20, 2025. The case highlights significant investor rights issues and the consequences of corporate misrepresentation.