Skeena Resources Limited, a significant entity in the precious metals sector, has filed a prospectus supplement to secure approximately C$125 million through a bought deal financing. This financing will involve issuing common shares to support ongoing projects, notably the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle.
This announcement represents a crucial step for Skeena, as it enters a formal agreement with a syndicate of underwriters led by BMO Capital Markets.
The deal includes the sale of 5,210,000 common shares at a price of C$24.00 per share, generating significant gross proceeds for its development initiatives.
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Details of the financing arrangement
The financing structure includes an over-allotment option for underwriters, allowing them to acquire an additional 781,500 shares at the offering price within 30 days after the financing closes. If the underwriters fully exercise this option, total proceeds could rise to approximately C$143.8 million, reflecting strong investor interest in the company’s growth potential.
Offering specifics and timelines
The shares offered through this financing will be available under a prospectus supplement to the company’s base shelf prospectus across all Canadian provinces, excluding Quebec. Additionally, a U.S. prospectus supplement will be provided, expanding the offering’s reach to U.S. investors.
The anticipated closing date for this financing is around October 8, 2025, contingent upon standard closing conditions, including obtaining necessary regulatory approvals from the Toronto Stock Exchange and securing a listing on the New York Stock Exchange.
Accessing the prospectus and investment information
Investors seeking more information about the offering can access the full prospectus supplements, including the base shelf prospectus and relevant amendments. In Canada, these documents comply with securities regulations and are available on Skeena’s profile on SEDAR+ at www.sedarplus.ca. For U.S. investors, copies can also be accessed through the EDGAR system at www.sec.gov.
Interested parties may request physical or electronic copies of the prospectus and related documents. In Canada, inquiries can be directed to BMO Nesbitt Burns Inc. at their Brampton Distribution Centre, while U.S. inquiries can be made to BMO Capital Markets Corp. in New York.
Company background and commitment to sustainable practices
Skeena Resources is focused not only on financial growth but also on advancing its flagship Eskay Creek project, anticipated to become one of the highest-grade and lowest-cost open-pit precious metals mines globally. The project has significant potential for silver by-product production, exceeding many dedicated silver mining operations.
Moreover, Skeena is committed to sustainable mining and fostering collaborative relationships with Indigenous communities, particularly the Tahltan Nation. This partnership underscores Skeena’s dedication to creating long-term value and promoting sustainable growth for all stakeholders.
As investors evaluate this opportunity, they are advised to review the prospectus thoroughly. Understanding the potential risks and rewards linked to investing in Skeena Resources is essential, especially given the inherent uncertainties in the mining sector.
Forward-looking statements
This announcement represents a crucial step for Skeena, as it enters a formal agreement with a syndicate of underwriters led by BMO Capital Markets. The deal includes the sale of 5,210,000 common shares at a price of C$24.00 per share, generating significant gross proceeds for its development initiatives.0
This announcement represents a crucial step for Skeena, as it enters a formal agreement with a syndicate of underwriters led by BMO Capital Markets. The deal includes the sale of 5,210,000 common shares at a price of C$24.00 per share, generating significant gross proceeds for its development initiatives.1
