Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Perpetua Resources Corp. (PPTA)
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Gainey McKenna & Egleston has filed a securities class action lawsuit against Perpetua Resources Corp. (PPTA) alleging the company misrepresented capital expenses for the Stibnite Gold Project. The lawsuit claims Perpetua downplayed cost increases, with actual project expenses rising over 75% from original estimates, causing the stock price to drop 22.39% when true costs were revealed.
March 25, 2025 | 10:00 pm
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A class action lawsuit alleges Perpetua Resources misrepresented capital expenses for the Stibnite Gold Project, potentially damaging investor confidence and exposing the company to legal and financial risks.
The lawsuit directly targets Perpetua Resources, alleging material misrepresentation of project costs. The significant stock price drop and potential legal penalties suggest negative short-term market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100