10:50 AM EDT, 06/12/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) said Thursday it has increased the size of its previously announced bought deal offering due to strong investor interest.

The company said it will now issue 24.6 million common shares at $13.20 each, raising about $325 million in gross proceeds. In addition, Paulson & Co. will buy $100 million worth of shares in a private placement at the same price.

Underwriters have a 30-day option to buy up to an additional 3.7 million shares. If exercised in full, the total proceeds from the offering would reach about $374 million, the company added.

The proceeds will support the development of Perpetua's Stibnite Gold Project, including meeting equity requirements for a potential $2 billion loan from the Export-Import Bank of the United States, as well as for exploration, working capital, and other corporate needs, according to the statement.

The offering is set to close around June 16, with the private placement closing at the same time.

Shares of Perpetua Resources ( PPTA ) fell past 20% in recent trading activity.

Price: 12.98, Change: -3.51, Percent Change: -21.26