The S&P/ASX 300 Index (ASX: XKO) is up 0.7% in morning trade today, with one ASX 300 gold stock doing a lot of the heavy lifting.

The outperforming gold miner in question is Predictive Discovery Ltd (ASX: PDI).

The Predictive Discovery share price closed on Friday at 26.5 cents. At the time of writing on Tuesday, shares are changing hands for 30.0 cents apiece, up 13.2%

The ASX 300 gold stock was in a trading halt yesterday when management announced they needed time to formalise a planned capital raising.

That formalised plan was released this morning, and the Predictive Discovery share price shot out of the starting blocks.

Predictive Discovery will also be enjoying some added tailwinds from the soaring gold price. Bullion notched a new record high of US$2,830.74 per ounce overnight, spurred by concerns that US President Donald Trump's tariffs on Mexico, Canada, and China could launch a global trade war.

Here's what's happening with the miner's capital raise.

ASX 300 gold stock leaps on funding boost

Investors are piling into the ASX 300 gold stock after the miner announced it has received binding commitments from the Lundin family and their associates and Zijin Mining Group to raise approximately $69.2 million by way of a strategic private placement.

The company will issue approximately 261.2 million ordinary shares at Friday's closing price of 26.5 cents apiece.

The Lundin Family will invest $45.1 million to acquire 6.5% of Predictive Discovery shares, while Zijin will invest $24.1 million to acquire 3.5% of the gold miner's shares.

Predictive Discovery said it will use the new funding to advance the Bankan Gold Project's Definitive Feasibility Study, progress environmental and social programs, continue regional exploration programs, and conduct selected early development activities. The Bankan Gold Project is located in the Siguiri Basin, Guinea.

Commenting on the capital raising sending the ASX 300 gold stock soaring today, Predictive Discovery managing director Andrew Pardey said the investment by the Lundin Family and Zijin "is testament to the quality of the Bankan Gold Project and the progress PDI is making towards developing it into a tier-1 gold mine".

Pardey added:

We look forward to working collaboratively with the Lundin Family and Zijin, together with our other shareholders and stakeholders.

This capital raise provides a strong financial platform for PDI to accelerate the Bankan Gold Project. PDI will be fully funded through to a development decision and will also be able to conduct selected early works and continue our regional exploration programs.

Following completion of the placement, the ASX 300 gold stock will have a pro-forma cash balance of approximately $98 million.