Skeena Resources Limited Announces Approximately C$125 Million Bought Deal Financing

Core Points - Skeena Resources Limited has entered into an agreement with underwriters to purchase 5,210,000 common shares at C$24.00 per share, raising approximately C$125 million [1][2] - The proceeds will be used for the advancement of the Eskay Creek gold-silver project and general corporate purposes [2] - The offering is expected to close around October 8, 2025, subject to regulatory approvals [3] Financial Details - The offering price is set at C$24.00 per common share, with gross proceeds expected to be approximately C$125 million [1] - The underwriters have an option to purchase an additional 15% of the offering to cover over-allotments [1] - As of September 30, the company has unaudited cash of approximately C$105 million [2] Project Development - The funds will support ongoing construction activities and permitting milestones at the Eskay Creek project [2] - There is an anticipated delay in the permitting process due to a BC government employee strike [2] - Negotiations with the Tahltan Central Government regarding the Impact Benefits Agreement are ongoing [2] Market Impact - The funding represents approximately 4.5% dilution to the company's total market capitalization [3] - The offering will provide flexibility to pursue less expensive financing alternatives compared to existing loan facilities [3] Regulatory Information - The common shares will be offered through a prospectus supplement in Canada and the United States [3] - The offering is subject to customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]