Skeena Resources Limited, a key player in the precious metals sector, has announced the filing of a prospectus supplement as part of its bought deal financing initiative. This strategic action aims to secure approximately C$125 million through the sale of common shares, allowing the company to enhance its capital for further developments, especially at the Eskay Creek Gold-Silver Project in British Columbia.
Under the underwriting arrangement led by BMO Capital Markets, Skeena plans to offer 5,210,000 common shares at a price of C$24.00 each. This offering represents a significant milestone in Skeena’s financing efforts and highlights the increasing interest in the company’s mining potential.
Details of the financing agreement
The underwriting agreement features an over-allotment option. This allows underwriters to buy up to 781,500 additional common shares. They can exercise this option fully or partially within 30 days after the offering closes. If fully utilized, the total gross proceeds from the offering could reach approximately C$143.8 million.
Locations and conditions for share offerings
The shares being offered, collectively known as the offered shares, will be accessible via a prospectus supplement to the company’s existing base shelf prospectus. This offering applies in all Canadian provinces except Quebec and will also extend to U.S. investors through a prospectus supplement related to Skeena’s registration statement.
The anticipated closing date for this financial undertaking is set for October 8, 2025, pending standard conditions. These include necessary regulatory approvals from the Toronto Stock Exchange and successful listing on the New York Stock Exchange.
Accessing related documentation
Investors seeking further information can access the prospectus supplements and the base shelf prospectus through Canadian securities legislation. These documents are available on Skeena’s issuer profile on SEDAR+ at www.sedarplus.ca. Interested parties can request electronic or hard copies of the prospectus and related documents at no cost.
In Canada, BMO Nesbitt Burns Inc. can be contacted for requests, while those in the United States should reach out to BMO Capital Markets Corp. The documents will also be accessible through the SEC’s EDGAR system, ensuring compliance and transparency for potential investors.
Company background and future focus
Skeena Resources is pursuing an ambitious strategy to develop the Eskay Creek Gold-Silver Project, recognized as one of the highest-grade mining sites globally. The company emphasizes a strong commitment to sustainable mining practices, aiming to maximize its mineral resource potential while fostering collaborative relationships with the Tahltan Nation, an Indigenous community in the region.
Commitment to sustainability and community
In partnership with the Tahltan Nation, Skeena seeks not only to enhance its mining operations but also to create long-term value and sustainability for local stakeholders. The company’s strategy is centered on responsible mining that respects both the environment and the communities impacted by its operations.
For any inquiries or further information, stakeholders may contact Galina Meleger, Vice President of Investor Relations at Skeena Resources. Her contact details are accessible through the company’s communication channels.
Forward-looking statements
It is essential to recognize that certain statements in this announcement may be classified as forward-looking statements. These projections carry inherent risks and uncertainties that could result in actual outcomes differing significantly from those anticipated. Investors are encouraged to review the base shelf prospectus and related documents thoroughly before making any investment decisions.
This announcement does not constitute an offer to sell or a solicitation to purchase the offered shares in any jurisdiction where such actions would be unlawful prior to registration or qualification under local securities laws.