Skeena Resources Limited, a notable developer in the precious metals sector, has filed a prospectus supplement. This move is part of a broader strategy to raise approximately C$125 million through a bought deal offering. A syndicate led by BMO Capital Markets will oversee the sale of 5,210,000 common shares, priced at C$24.00 each, to generate significant gross proceeds to support the company’s ongoing and future projects.
The offering includes an Over-Allotment Option, allowing underwriters to purchase an additional 781,500 common shares within 30 days of the offering’s closure. If fully exercised, total gross proceeds could reach approximately C$143.8 million, providing a strong financial foundation for Skeena’s operations.
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Offering details and regulatory compliance
The common shares offered will be available through a prospectus supplement to the company’s base shelf prospectus. This offering will extend across provinces in Canada, excluding Quebec. A U.S. prospectus supplement will also be issued in accordance with the company’s registration statement on Form F-10, ensuring access for investors in the United States.
The financing initiative is expected to close around October 8, 2025, contingent upon standard closing conditions. These conditions include obtaining necessary regulatory approvals from bodies such as the Toronto Stock Exchange and ensuring the shares are approved for listing on the New York Stock Exchange.
Accessing the prospectus
Investors interested in this offering can access relevant documents, including the prospectus supplements and the base shelf prospectus. In Canada, these documents are available in compliance with securities legislation on Skeena’s profile on SEDAR+ at www.sedarplus.ca.
Investors in the United States can also obtain copies of the base shelf prospectus and related offering documents. Interested parties may contact BMO Capital Markets Corp. or BMO Nesbitt Burns Inc. directly for further assistance and to request physical or electronic copies at no charge.
Company background and future prospects
Skeena Resources focuses primarily on the Eskay Creek Gold-Silver Project, a former producing mine located in British Columbia’s Golden Triangle. This site is positioned to become one of the most cost-effective and high-grade open-pit precious metals mines globally, benefiting from significant silver by-product output that rivals dedicated silver mining operations.
Additionally, Skeena is committed to sustainable mining practices. The company values its relationship with the Tahltan Nation and is dedicated to fostering positive interactions with Indigenous communities. By prioritizing responsible practices, Skeena aims to create long-term value and growth for all stakeholders involved.
Important considerations for investors
As with any investment opportunity, potential investors should assess the associated risks and uncertainties. The forward-looking statements in this announcement are subject to various factors that could affect their realization, including regulatory approvals, fluctuations in mineral prices, and the inherent risks of mineral exploration and development.
Investors are encouraged to review detailed information contained in the company’s annual and interim management discussions and analyses, as well as its annual information form to fully understand the potential implications of their investment decisions.
The offering includes an Over-Allotment Option, allowing underwriters to purchase an additional 781,500 common shares within 30 days of the offering’s closure. If fully exercised, total gross proceeds could reach approximately C$143.8 million, providing a strong financial foundation for Skeena’s operations.0
