Skeena Resources Raises C$125M for Eskay Creek Project
Skeena Resources Limited (TSX: SKE, NYSE: SKE) has announced a significant bought deal offering, aiming to raise approximately C$125,040,000. The company is set to issue 5,210,000 common shares at C$24.00 each, with an over-allotment option that could boost the total to around C$143,796,000. The closing of the offering is expected on or about October 8, 2025, subject to customary closing conditions and regulatory approvals.
Skeena, a leading precious metals developer, is focused on advancing the Eskay Creek Gold-Silver Project in British Columbia, Canada. The project is expected to be one of the highest-grade and lowest cost open-pit precious metals projects in the world, with substantial silver by-product production. The company is committed to sustainable project management practices and fostering positive relationships with Indigenous communities.
The offering is being conducted by way of a prospectus supplement in both Canada and the United States. The prospectus supplements, base shelf prospectus, and registration statement are accessible on SEDAR+ and EDGAR. The supporting banks for this Bought Deal Offering have not been explicitly mentioned in the available search results.
The net proceeds from the offering will be used by Skeena to fund the continued development and exploration of the Eskay Creek project, as well as for general corporate purposes. The closing of the offering is subject to customary closing conditions, including regulatory approvals from the Toronto Stock Exchange and the New York Stock Exchange.
