Trevali Mining ($TV) CAD $2.8M Investor Settlement
Trevali Mining Corporation ($TV) has agreed to settle CAD $2.8M with investors to resolve claims that it misled them about operational and safety risks and withheld key details about problems that contributed to the fatal Perkoa Mine flooding.
Outline:
Trevali reported on its mining operations and financial performance during the class period. Investors later alleged the company failed to disclose important operational and safety risks. In August 2022, severe flooding at the Perkoa Mine in Burkina Faso killed eight workers and halted operations. After the stock declined and investors filed suit, Trevali later agreed to a CAD $2.8 million settlement.
Timeline:
October 9, 2020: Start of the class period for affected Trevali investors.
August 2022: Flooding at the Perkoa Mine in Burkina Faso resulted in eight fatalities and halted operations.
August 15, 2022: $TV declined as operational and governance concerns intensified.
2023: Investors filed a securities class action in British Columbia alleging misrepresentation.
March 11, 2025: Trevali executed a CAD $2.8 million settlement agreement.
August 5, 2025: The court approved the settlement.
Background:
Trevali Mining Corporation is a Canadian-based zinc mining company with operations in several countries. During the class period, the company provided updates to investors regarding production levels, financial performance, and operational developments across its mining assets.
In August 2022, severe flooding occurred at Trevali’s Perkoa Mine in Burkina Faso, trapping and killing eight miners. The incident halted operations and triggered scrutiny of the company’s safety practices, risk management, and oversight of the site.
Investors later alleged that Trevali had not adequately disclosed operational and safety risks tied to the Perkoa Mine before the incident. According to the claims, earlier public statements did not fully reflect the risks associated with the mine’s operations and management practices.
Following the incident and related disclosures, $TV declined and investors filed a securities class action alleging the company misrepresented the state of its operations and failed to warn investors about material safety and management risks.
What Can Investors Expect Now?
Trevali Mining agreed to a CAD $2.8 million settlement with $TV investors to resolve claims tied to statements about operational and safety risks related to the Perkoa Mine.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities, wherever they may reside or may be domiciled, who purchased or otherwise acquired the common shares of Trevali Mining Corporation in the primary market and/or in the secondary market between October 9, 2020 and August 15, 2022 inclusive, and held some or all of such common shares as of the close of trading on April 14, 2022 and/or August 15, 2022.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.