NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Idaho on behalf of all persons or entities who purchased or otherwise acquired Perpetua Resources Corp. (“Perpetua” or the “Company”) (NASDAQ: PPTA) securities between April 17, 2024 and February 13, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants created the false impression that they posses ...

NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Perpetua Resources Corp. (“Perpetua” or the “Company”) (NASDAQ: PPTA) between April 17, 2024 and February 13, 2025, inclusive. For more information, submit a form at Perpetua Resources Corp. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernli ...

LOS ANGELES, March 25, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Perpetua Resources Corp. ("Perpetua" or "the Company") (NASDAQ: PPTA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between April 17, 2024 to February 13, 2025, inclusive (the "Class Pe ...

Core Viewpoint - A class action lawsuit has been filed against Perpetua Resources Corp. due to significant increases in capital expenditure for the Stibnite Gold Project, which were not adequately disclosed to investors [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Perpetua securities between April 17, 2024, and February 13, 2025, with a deadline of May 20, 2025, for investors to apply as lead plaintiffs [1]. - The complaint alleges that the defendants downplayed the impact of inflation and other factors that could lead to increased capital costs for the Stibnite Gold Project [2]. Financial Impact - On February 13, 2025, Perpetua revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates [3]. - The increase in costs was attributed to inflation, indirect costs, higher mining costs, and specific design changes, such as switching from timber to steel for electrical poles [3]. - Following this announcement, Perpetua's stock price dropped from $11.97 to $9.29 per share, a decline of approximately 22.39% in one day [3].

Core Viewpoint - Robbins LLP has filed a class action lawsuit on behalf of investors who acquired Perpetua Resources Corp. (NASDAQ: PPTA) securities between April 17, 2024, and February 13, 2025, alleging that the company misled investors regarding the true costs associated with its Stibnite Gold Project [1][2]. Allegations - The lawsuit claims that Perpetua Resources Corp. created a false impression of having reliable information about the initial capital expenses for the Stibnite Gold Project, while downplaying the risks associated with inflation [2]. - The company suggested a cost increase of only 10% to 20%, which was significantly lower than the actual increase that occurred due to inflation and management decisions [2]. Financial Impact - On February 13, 2025, Perpetua disclosed an updated cash flow model revealing additional capital expenses of $952 million, representing a more than 75% increase from the original estimates provided to investors [3]. - This announcement led to a significant decline in the company's stock price, dropping from $11.97 per share to $9.29 per share, a decrease of approximately 22.39% [3]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs in the class action must file their papers with the court by May 20, 2025 [4]. - Shareholders can choose to remain absent class members if they do not wish to participate in the case [4].

Core Viewpoint - The Executive Order by President Trump aims to enhance American mineral production and reduce reliance on foreign sources, with the Stibnite Gold Project positioned as a key initiative for domestic antimony supply and gold production [1][2][3] Company Overview - Perpetua Resources Corp. focuses on the exploration, restoration, and redevelopment of gold-antimony-silver deposits in Idaho, specifically through the Stibnite Gold Project, which is one of the highest-grade open-pit gold deposits in the U.S. [5] - The Project is designed to implement modern mining practices while restoring an abandoned mine site and producing both gold and antimony, the latter being critical for national defense and energy industries [5][4] Project Significance - The Stibnite Gold Project is expected to supply up to 35% of annual U.S. antimony demand in its first six years of production, addressing national defense needs and countering China's market dominance [3] - Antimony is essential for various applications, including fire retardants, batteries, semiconductors, and is a key component in munitions [3][4] Financial Aspects - Perpetua Resources received a Letter of Interest from the U.S. Export-Import Bank for $1.8 billion in 2024, and is assessing new financing programs to support the Stibnite Gold Project [2] - The company has been awarded over $70 million from the Department of Defense to advance the Project, highlighting its strategic importance [3][5] Environmental and Community Impact - The Project aims to create hundreds of family-wage jobs, improve water quality, and restore fish habitats, while also addressing legacy contamination at the mine site [4][5] - The Project will be powered by one of the lowest carbon emissions grids in the nation, aligning with Perpetua's ESG and sustainable mining goals [5]

BOISE, Idaho, March 20, 2025 /PRNewswire/ - Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company"), announced today that its Annual Report on Form 10-K for the year ended December 31, 2024, which includes its audited consolidated financial results for the period ended December 31, 2024, was filed. For details, please see the Company's filings available on EDGAR and SEDAR. Perpetua Resources' vision is to provide the U.S. with a domestic source of the critic ...

Financial Performance - The company has experienced continuing net losses and net negative working capital, raising substantial doubt about its ability to continue as a going concern [417]. - The net loss for 2024 was $14.5 million, a decrease from a net loss of $18.8 million in 2023, reflecting a reduction of approximately 22.5% [424]. - The accumulated deficit as of December 31, 2024, was approximately $595.2 million, up from $580.7 million in 2023 [430]. - The company reported a total net loss of $14,483,001 for the year ended December 31, 2024, down from $18,771,180 in 2023 [502]. - The U.S. net operating loss carryforward was approximately $42,705,202 as of December 31, 2024, compared to $42,897,060 in 2023 [503]. Assets and Equity - Total assets increased to $117.6 million in 2024 from $83.1 million in 2023, representing a growth of approximately 41.5% [422]. - Shareholders' equity increased to $108.9 million in 2024 from $72.3 million in 2023, an increase of about 50.7% [422]. - Cash and cash equivalents rose significantly to $44.1 million in 2024, up from $3.2 million in 2023, marking an increase of over 1,267% [428]. Exploration and Development - The company is focused on achieving its exploration, development, and environmental protection objectives for the Stibnite Gold Project [20]. - Exploration expenses surged to $45.3 million in 2024, compared to $29.9 million in 2023, indicating a year-over-year increase of approximately 51.5% [424]. - Exploration costs totaled $45,291,495 in 2024, up from $29,907,708 in 2023, with engineering costs increasing significantly to $23,155,660 [524]. Funding and Financing - The company plans to submit a financing application to the Export-Import Bank of the United States (U.S. EXIM) to secure funding for the Stibnite Gold Project [20]. - The company is reliant on timely access to capital and financing sources to fund its project development [20]. - The company is exploring various strategic and funding opportunities, including potential equity issuance and government funding [431]. - The company engaged RBC Capital Markets and Endeavour Financial to assist in evaluating potential strategic and financing opportunities [431]. Risks and Challenges - The company anticipates potential delays in obtaining required permits and governmental approvals, which could impact its business and financial condition [20]. - The company is subject to various risks including changes in commodity prices, regulatory changes, and competition within the mining industry [21]. - The company is assessing the impact of strategic transactions on its business and financial condition, including associated costs and risks [20]. Shareholder Information - The company reported a weighted average of 65.6 million common shares outstanding in 2024, compared to 63.2 million in 2023, reflecting an increase of approximately 3.8% [424]. - The company sold 1,834,104 common shares in 2024 for proceeds of approximately $10.4 million, compared to 894,882 shares for approximately $2.1 million in 2023, representing a 394.3% increase in proceeds [485]. - The company entered into an underwriting agreement on November 18, 2024, resulting in gross proceeds of approximately $33.2 million from the sale of 3,439,465 common shares [486]. Compensation and Expenses - Share-based compensation for the years ended December 31, 2024, and 2023 totaled $3,897,010 and $3,038,404, respectively, indicating a 28.4% increase [489]. - The company recognized $1,450,183 in compensation expense for Restricted Share Units (RSUs) in 2024, up from $1,262,926 in 2023, a rise of 14.9% [496]. - The company recognized compensation expenses related to PSUs and MPSUs of $1,984,866 and $1,089,214 for the years ended December 31, 2024 and 2023, respectively [497]. - The company expects to record an additional $2.3 million in compensation expense related to PSUs and MPSUs over the next 1.64 years [497]. Environmental and Legal Obligations - The company spent $2.3 million on environmental reclamation activities in 2024, significantly reduced from $10.9 million in 2023 [505]. - The Stibnite Foundation will receive total payments of $5 million over four years, including $4 million for water quality projects and $1 million for legal reimbursements [512]. - The company recognized a $5 million expense related to the CWA settlement in the second quarter of 2023 [512]. Accounting and Valuation - The company's financial information is based on the Financial Update for the Stibnite Gold Project, which is intended to supplement the 2020 Feasibility Study [35]. - The Company evaluates estimates related to deferred income tax asset valuations and share-based compensation, which may differ materially from actual results [436]. - The Company applies IAS 20 for accounting government grants, recognizing them when there is reasonable assurance that conditions will be met [465].

Core Viewpoint - Perpetua Resources Corp. has been added to the Market Vectors Junior Gold Miners Index and the VanEck Junior Gold Miners ETF, effective March 21, 2025, which may enhance its share liquidity and investment appeal [1][2]. Company Overview - Perpetua Resources focuses on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, specifically through the Stibnite Gold Project [3]. - The Stibnite Gold Project is recognized as one of the highest-grade open-pit gold deposits in the U.S. and aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the country [3]. Project Significance - The project is designed to align with modern, responsible mining practices and will utilize one of the lowest carbon emissions grids in the nation [3]. - A portion of the antimony produced will be supplied to Ambri, a U.S.-based company focused on low-cost liquid metal batteries, contributing to the low-carbon energy transition [3]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to support the project's construction readiness and permitting [3]. Market Impact - Inclusion in the VanEck Junior Gold Miners ETF is expected to attract a broader base of institutional and retail investors, enhancing the investment case for Perpetua Resources [2][3]. - The company anticipates that this inclusion will increase the visibility and liquidity of its common shares, making the Stibnite Gold Project more attractive to investors [5][6].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Perpetua Resources Corp and its officers or directors, following a significant stock price drop after the company updated its cash flow model for the Stibnite Gold Project [1][2][3] Group 1: Company Developments - On February 13, 2025, Perpetua disclosed an updated cash flow model for the Stibnite Gold Project, which included new cost estimates and commodity pricing [2] - The updated financial model indicates an increase in initial and total capital expenditures and Life of Mine All-In Sustaining Costs (LOM AISC) compared to the 2020 Feasibility Study [2] Group 2: Market Reaction - Following the announcement of the updated cash flow model, Perpetua's stock price fell by $2.68 per share, representing a 22.39% decrease, closing at $9.29 per share on February 14, 2025 [3]