LegalJun 10, 2026, 04:53 PM
Perpetua Resources Securities Class Action Dismissed
AI Summary
Perpetua Resources Corp. announced that the U.S. District Court dismissed a putative securities class action against the company without prejudice, granting plaintiffs leave to refile. Additionally, the court denied a preliminary injunction motion in the Stibnite Gold Project lawsuit, though plaintiffs are appealing this decision. The company also held its 2026 Annual General Meeting, where shareholders approved the number of directors, elected nine directors, approved the 2026 Equity Incentive Plan, and ratified PricewaterhouseCoopers LLP as the independent auditor.
Key Highlights
- US District Court dismissed the putative securities class action, Barnes et al. v. Perpetua Resources Corp. et al., without prejudice.
- Plaintiffs were granted leave to file a second amended complaint by July 3, 2026.
- Preliminary injunction motion filed by plaintiffs in the Stibnite Gold Project lawsuit was denied on May 29, 2026.
- Plaintiffs are appealing the denial of the preliminary injunction motion to the U.S. Court of Appeals for the Ninth Circuit.
- Cross-motions for summary judgment are pending in the Stibnite Gold Project lawsuit, with oral arguments set for June 24, 2026.
- Shareholders approved fixing the number of directors at nine and elected all nine nominated directors.
- Shareholders approved the 2026 Equity Incentive Plan, which amends the existing plan without increasing the 8,280,530 share reserve.
- Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026.
Price Impact
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