11:55 AM EDT, 04/30/2024 (MT Newswires) -- NexGen Energy ( NXE ) said Tuesday it is upsizing its previously announced offering of CHESS depositary interests in Australia to about C$224 million ($162.9 million).

The offering now comprises about 20.2 million common shares at C$11.11 per share, the company added.

The company was previously offering about 16.1 million common shares for gross proceeds of roughly C$180 million.

Net proceeds will be used to fund the development and exploration of the company's mineral properties and for general corporate purposes, NexGen Energy ( NXE ) said.

The offering is set to close around May 15, the company added.

Shares of NexGen Energy ( NXE ) fell 8.5% in recent trading.

Price: 7.78, Change: -0.67, Percent Change: -7.93