Skeena Resources Launches C$125M Bought Deal Offering for Eskay Creek Project

Skeena Resources is bolstering its financial resources with a C$125M offering. The funds will support the development of the Eskay Creek project, one of the world's highest-grade open-pit precious metals mines.

, and Administrator

2025 October 4 . 3:34 AM

1 min read

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Skeena Resources Launches C$125M Bought Deal Offering for Eskay Creek Project

Skeena Resources Limited (TSX: SKE, NYSE: SKE) has launched a significant bought deal offering, aiming to raise approximately C$125,040,000. The company, committed to sustainable mining and Indigenous relations, is offering 5,210,000 common shares at C$24.00 each. The offering is expected to close on or about October 8, 2025, subject to customary closing conditions and regulatory approvals.

The proceeds from the offering will support the development of Skeena's flagship project, the Eskay Creek Gold-Silver Project in British Columbia. This project is anticipated to be one of the world's highest-grade and lowest-cost open-pit precious metals mines, with substantial silver by-product production. The underwriters have an over-allotment option to purchase up to an additional 781,500 common shares, which could increase the aggregate gross proceeds to approximately C$143,796,000.

Access to the prospectus supplements and other relevant documents is provided through SEDAR+ and EDGAR. Certain statements in this news release constitute forward-looking statements, which are subject to risks and uncertainties.

Skeena Resources Limited, a leading precious metals developer, is poised to bolster its financial resources through this significant offering. The funds raised will contribute to the advancement of the Eskay Creek project, further solidifying Skeena's position in the mining sector.