LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Perpetua Resources Corp. (“Perpetua” or the “Company”) (NASDAQ: PPTA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON PERPETUA RESOURCES CORP. (PPTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On February 13, 2025, Perpetua published an updated cash flow model for its project of the restoration and redevelopment of an Idaho mine, referred to as the Stibnite Gold Project, revealing additional capital expenses of $952 million, more than 75% above the original estimate presented to investors. The Company attributed the price increase on increased costs on inflation, indirect costs, higher mining costs, and direct decisions made with respect to the project, including the choice to change the design of the electrical poles from timber to steel and the decision to “buy-and-build instead of lease the oxygen plant.”
On this news, Perpetua’s stock price fell $2.68, or 22.4%, to close at $9.29 per share on February 14, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Perpetua securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
