05:32 PM EDT, 06/16/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) closed an upsized $325 million public offering, issuing 24.6 million shares at $13.25 each, alongside a $100 million private placement to Paulson & Co. for almost 7.58 million shares.

Net proceeds will contribute to a financing package for the development of the Stibnite gold project in Idaho, the company said Monday in a statement.

The funds will help meet equity requirements for a potential loan of up to $2 billion from the Export-Import Bank of the US, the company said.

Any additional funds will be used for exploration, working capital and general corporate purposes, the company said.