Skeena Resources Limited, a significant entity in the precious metals sector, has announced the filing of a prospectus supplement for a C$125 million bought deal financing. This initiative represents a critical advancement for the company as it partners with a group of underwriters led by BMO Capital Markets. The financing involves the sale of 5,210,000 common shares at a price of C$24.00 per share. The funds raised aim to strengthen the company’s financial position and support its strategic projects.
Details of the offering
Skeena has introduced an over-allotment option as part of its financing strategy, allowing underwriters to acquire an additional 781,500 common shares within 30 days post-closing. If fully exercised, the total gross proceeds for the company could reach approximately C$143,796,000. This approach not only enhances potential capital but also signifies robust interest in Skeena’s projects.
Regulatory compliance and market reach
The shares offered will be available through a prospectus supplement to the company’s existing base shelf prospectus, covering all provinces in Canada except Quebec. Furthermore, a U.S. prospectus supplement will be issued, enabling access for investors in the United States via the company’s registration statement on Form F-10. The anticipated closing date for this offering is around October 8, 2025, pending the completion of all regulatory requirements, including approvals from the Toronto Stock Exchange and the New York Stock Exchange.
Accessing documentation
Investors seeking prospectus supplements and the base shelf document can access these materials in compliance with Canadian securities regulations. The relevant documents are available on Skeena’s profile on SEDAR+ at www.sedarplus.ca. For those who prefer physical copies, requests can be made at no cost through BMO Nesbitt Burns Inc. in Canada or BMO Capital Markets Corp. in the United States. Interested parties should contact the respective offices directly to obtain copies.
Investment considerations
Before making investment decisions, potential investors should carefully review the base shelf prospectus along with any related prospectus supplements. This documentation details the risks and opportunities associated with the investment, ensuring that stakeholders are adequately informed. It is crucial to recognize that this announcement does not serve as an offer to sell or a solicitation to purchase shares in jurisdictions where such actions would be unlawful.
Skeena’s vision and commitment
Skeena Resources Limited prioritizes not only financial growth but also sustainable mining practices. The company is advancing the Eskay Creek Gold-Silver Project, a historically significant mining site in the rich Golden Triangle region of British Columbia, Canada. This project is expected to rank among the highest-grade and lowest-cost open-pit precious metals mines globally, with considerable silver by-product potential.
Additionally, Skeena is dedicated to building positive relationships with Indigenous communities, particularly the Tahltan Nation. By focusing on sustainability and collaboration, the company aims to deliver long-term value for its stakeholders while ensuring responsible resource management.
For further insights or inquiries regarding this offering, interested parties may contact Galina Meleger, the Vice President of Investor Relations, at info@skeenagold.com or by calling 604-684-8725. The corporate headquarters of Skeena is situated in Vancouver, British Columbia.
Forward-looking statements
This announcement includes forward-looking statements as outlined under applicable Canadian and U.S. securities legislation. These statements relate to future events and are based on management’s current expectations and assumptions. Investors should be aware that actual outcomes may vary significantly due to numerous factors, including economic conditions, regulatory approvals, and operational risks. The company does not assume any obligation to update these forward-looking statements, except as mandated by law.