Canadian mining company Northern Dynasty Minerals (NDM) is expecting to raise $10 million in a financing deal with investment bank Cantor Fitzgerald Canada.

With the net funds, Northern Dynasty Minerals will further advance its Pebble copper-gold-silver project in Alaska.

In addition, the company also granted the underwriters an over-allotment option to acquire up to an additional 2.34 million-plus shares, which could raise another $1.5 million.

Moreso, Northern Dynasty Minerals is seeking a partner to support its operations.