A securities class action has been filed in the USDC – ID. against Perpetua Resources Corp. (PPTA) (“Perpetua” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Perpetua common stock between April 17, 2024, and February 13, 2025, both dates inclusive (the “Class Period”).
Perpetua is a development-stage company engaged in acquiring mining properties to move them into production where warranted. The Company’s principal prospect is the restoration and redevelopment of an Idaho mine, referred to as the Stibnite Gold Project. The project’s focus is to explore, evaluate, and potentially redevelop three deposits known as the Hangar Flats Deposit, the West End Deposit, and the Yellow Pine Deposit.
The Complaint alleges that the Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true cost of the Stibnite Gold Project; notably, the true impact of inflation and undisclosed decisions Defendants had made or were otherwise contemplating which had resulted in a drastic increase in projected initial capital expense. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Perpetua’s securities at artificially inflated prices.
As a result, from a closing market price of $11.97 per share on February 13, 2025, Perpetua’s stock price fell to $9.29 per share on February 14, 2025, a decline of about 22.39% in the span of just a single day.
If you purchased Perpetua common stock during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.