05:24 PM EDT, 06/11/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) said late Wednesday it agreed with National Bank of Canada Financial Markets and BMO Capital Markets to raise about $300 million through the sale of roughly 22.7 million common shares at $13.20 apiece to underwriters on a bought-deal basis.

The company also granted the underwriters a 30-day option to buy up to an additional 3.4 million shares, which, if fully exercised, would bring total gross proceeds to $345 million. The offering is expected to close on June 16, subject to customary conditions.

Perpetua said Paulson & Co. agreed to purchase $100 million of common shares in a concurrent private placement at the offering price.

Proceeds from both transactions are intended to help fund the company's Stibnite Gold Project, support equity requirements for a $2 billion debt financing application with the Export-Import Bank of the United States, and be used for exploration and general corporate purposes.

The Export-Import Bank of the United States financing is expected to close in 2026, pending successful due diligence, the company said.

Shares of Perpetua Resources ( PPTA ) were down more than 9% in after-hours trading.