Class Action Filed Against Perpetua Resources Corp. (PPTA) - May 20, 2025 Deadline to Join – Contact The Gross Law Firm
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Perpetua Resources Corp. (PPTA) is facing a class action lawsuit alleging misleading statements about initial capital expenditure for the Stibnite Gold Project. The lawsuit claims the company understated potential cost increases, with actual additional expenses reaching $952 million - over 75% higher than originally presented. The stock price dropped 22.39% following the disclosure, from $11.97 to $9.29 per share.

March 26, 2025 | 3:30 pm
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Class action lawsuit alleges material misrepresentation of project costs, potentially damaging investor confidence and company reputation.
The lawsuit directly impacts PPTA by highlighting potential corporate governance issues, revealing substantial cost overruns, and causing significant stock price decline. Legal proceedings and potential financial penalties could negatively affect investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100