The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Perpetua Resources Corp.(PPTA) Shareholders
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The Gross Law Firm has filed a securities class action lawsuit against Perpetua Resources Corp. (PPTA) alleging that the company misled investors about initial capital expenditure estimates for the Stibnite Gold Project. The lawsuit claims that on February 13, 2025, Perpetua revealed an additional $952 million in capital expenses, representing a 75% increase from original projections, which caused the stock price to drop 22.39% in a single day.
March 27, 2025 | 10:00 am
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The securities class action alleges material misrepresentation of project costs, which could impact investor confidence and potentially lead to financial penalties.
The lawsuit directly targets PPTA, alleging significant misrepresentation of project costs. The 22.39% stock price drop and potential legal consequences suggest negative short-term implications.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100