Perpetua Resources Corp. is facing a federal class action lawsuit alleging violations of federal securities laws, with a class period between April 17, 2024, and February 13, 2025.
The complaint asserts that the company made materially false and/or misleading statements and failed to disclose material adverse facts concerning the Stibnite Gold Project's initial capital expenditure.
Specifically, the lawsuit claims that Perpetua's updated cash flow model on February 13, 2025, revealed additional capital expenses of $952 million, a more than 75% increase from original estimates, which was significantly higher than the previously suggested 10% to 20% increase.
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