05:00 PM EDT, 06/11/2025 (MT Newswires) -- Perpetua Resources ( PPTA ) on Wednesday announced a major funding deal to support its Stibnite Gold Project in Idaho.

The company is raising US$300 million by selling underwriters 22.7-million shares at US$13.20 each in a bought-deal financing. It is also giving underwriters a 30-day option to buy up to 3.4 million more shares, which could increase total proceeds to US$345 million if exercised in full. The offering is set to close around June 16, pending standard closing conditions.

In addition, Paulson & Co. will buy $100 million worth of shares in a separate private placement at the same price, the company said.

The financing follow on the company's May application for up to US$2 billion in debt financing from the Export-Import Bank of the United States (EXIM).

"The Company intends to designate the proceeds of the Offering and the Private Placement toward equity requirements for the EXIM debt financing, with any additional funds intended to support exploration activities, working capital and general corporate purposes," it said.

Perpetua shares closed down $0.07 to $22.51 on the Toronto Stock Exchange.