Skeena Resources Limited Announces Approximately C$70.5 Million Bought Deal Financing

Core Viewpoint - Skeena Resources Limited has entered into an agreement for a bought deal offering of 4,800,000 common shares at C$14.70 per share, aiming to raise approximately C$70.5 million for the advancement of its Eskay Creek gold-silver project and general corporate purposes [1][2]. Group 1: Offering Details - The underwriters, led by BMO Capital Markets, have the option to increase the offering by 15% up to 48 hours before closing [1]. - If the underwriters elect to issue up to 2,230,000 shares as flow-through shares at C$17.93 each, the total gross proceeds could rise to approximately C$78 million [3]. - The offering is expected to close around February 26, 2025, subject to regulatory approvals [6]. Group 2: Use of Proceeds - Proceeds from the common shares will be allocated to the Eskay Creek project and general corporate purposes [2][5]. - Funds from flow-through shares will be used for eligible Canadian development expenses, with an effective date for renouncement no later than December 31, 2025 [4]. Group 3: Company Overview - Skeena Resources is focused on advancing the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally [9][10]. - The company emphasizes sustainable mining practices and aims to build positive relationships with Indigenous communities [10].