08:19 AM EDT, 04/30/2024 (MT Newswires) -- NexGen Energy ( NXE ) , which gained more than 6% yesterday, said on Tuesday that it plans to raise about C$180 million via an offering of CHESS depositary interests in Australia.

The offering, which is expected to close by May 15, comprises about 16.1 million common shares at C$11.11 apiece.

The company intends to use the proceeds to fund the continued development and further exploration of its mineral properties and for general corporate purposes.

Further, the company and Virtu agreed to amend NexGen's previously announced at-the-market program by reducing the total value of common shares that may be offered and sold to up to C$315 million from up to C$500 million.

To date, about 13 million common shares have been distributed under the ATM program for gross proceeds of roughly C$134.9 million. As a result of the amended sales agreement and after taking into account the previous sales, the maximum amount of sales remaining under the ATM program will be about C$180.1 million.