Skeena Resources Secures C$125 Million in Financing Move

Skeena Resources Limited Secures Financing for Growth

Skeena Resources Limited (TSX: SKE, NYSE: SKE), a prominent name in the precious metals sector, has successfully filed a prospectus supplement related to a C$125 million bought deal financing initiative. This substantial move is aimed at fueling the advancement of its flagship project, the Eskay Creek Gold-Silver Project.

Understanding the Financing Structure

Under an agreement orchestrated through a syndicate led by BMO Capital Markets, Skeena plans to issue an impressive 5,210,000 common shares at an offering price of C$24.00 per share. Should the underwriters fully exercise their option for additional shares, this could increase total proceeds to approximately C$143.8 million, marking a significant milestone for the company.

Details of the Offering

The common shares being offered, combined with any additional shares under the Over-Allotment Option, will be available through a prospectus supplement to the company’s base shelf prospectus. This offering engages varying Canadian provinces, excluding Quebec, and is likewise compliant with U.S. regulatory requirements through a registration statement on Form F-10.

Prospective Timeline and Regulatory Needs

The closing of this offering is anticipated around October 8, 2025, subject to traditional conditions, including essential regulatory approvals from the Toronto Stock Exchange and proper listing on the New York Stock Exchange. Skeena’s dedication to fulfilling these requirements underscores its commitment to adhering to market regulations while accelerating project development.

Accessing the Prospectus

Investors interested in the prospectus supplements and related documentation can access them through SEDAR+, ensuring transparency and compliance with Canadian securities regulations. They can request paper or electronic copies of the Base Shelf Prospectus, without charge, by contacting BMO Nesbitt Burns or BMO Capital Markets directly.

The Vision Behind Eskay Creek

Skeena Resources aims to transform the Eskay Creek Project into one of the highest-grade, low-cost open-pit mining operations globally. This site, recognized for substantial historical production, is strategically located in British Columbia's revered Golden Triangle, offering significant silver by-product potential that could outpace that of many dedicated silver operations.

Commitment to Sustainable Practices

In their pursuit of advancing the Eskay Creek Project, Skeena remains committed to sustainable mining practices that protect the environment while fostering community relationships, particularly with the Tahltan Nation. This partnership reflects their focus on creating long-term value for both stakeholders and the surrounding communities.

Contact Information for Investor Relations

For further inquiries or information, investors can reach out to Galina Meleger, the Vice President of Investor Relations at Skeena Resources. They can connect with her via email or phone; the detailed contact information is available through the company’s channels.

Frequently Asked Questions

What is the main purpose of this financing?

The financing is primarily aimed at advancing the Eskay Creek Gold-Silver Project and supporting ongoing development initiatives.

How many shares are being offered in the recent deal?

Skeena is offering 5,210,000 common shares at an offering price of C$24.00 per share.

When is the expected closing date for the offering?

The offering is expected to close on or about October 8, 2025, pending requisite approvals.

Who is leading the underwriting for this deal?

The underwriting will be led by BMO Capital Markets, with a syndicate of underwriters involved.

Where can I access the prospectus for this offering?

The prospectus is accessible via Skeena's issuer profile on SEDAR+ and can also be requested from BMO Nesbitt Burns in Canada.

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