- On **October 8, 2025**, Skeena Resources Limited closed a **bought deal offering** of **5,991,500 common shares** at **C$24.00 per common share**.  **[1713748_0001104659-25-098452_tm2528478d1_ex99-1.htm:0]** 
- The offering generated aggregate gross proceeds of **C$143,796,000**, which included the full exercise of the over-allotment option.  **[1713748_0001104659-25-098452_tm2528478d1_ex99-1.htm:0]** 
- The company intends to use the proceeds for the continued advancement of its **Eskay Creek gold-silver project** and for general corporate purposes.  **[1713748_0001104659-25-098452_tm2528478d1_ex99-1.htm:0]**

Skeena Resources Closes C$143.8 Million Equity Offering

- Skeena Resources Limited is developing its flagship Eskay Creek gold-silver project in British Columbia, targeting production in **2027**.  **[0001713748_2172949_1]**  The project is fully financed with a **$1 billion Canadian commitment** from Orion Resource Partners against an initial CapEx of **$765 million Canadian**.  **[0001713748_2172949_2]** 
- The Eskay Creek project is projected to generate **$1.1 billion Canadian** in after-tax annual free cash flow and **$1.8 billion Canadian** in EBITDA during the first five years of production, with an after-tax NPV of **$6.1 billion Canadian** and an IRR of **86%**.  **[0001713748_2172949_2]** 
- The company anticipates receiving its environmental assessment certificate in **Q4 2025**, which is identified as a major catalyst for its share price.  **[0001713748_2172949_2]** 
- Eskay Creek is expected to produce **450,000 ounces of gold-equivalent metal per year** with a robust grade profile of **5.5 grams per ton equivalent** in its initial years, positioning it among the highest-grade open-pit mines globally.  **[0001713748_2172949_1]** **[0001713748_2172949_3]** 
- Management projects a potential market capitalization of **$10 billion** in two years, up from the current **$3 billion**, driven by project advancement and cash flow generation.  **[0001713748_2172949_2]** **[0001713748_2172949_3]**

Skeena Resources Limited Outlines Eskay Creek Project Development and Financial Projections

- Skeena Resources Limited closed a bought deal offering on **October 8, 2025**, raising **C$143,796,000** in gross proceeds.  **[1713748_0001104659-25-097752_tm2528056d2_ex99-1.htm:0]** 
- The offering involved the sale of **5,991,500 common shares** at a price of **C$24.00 per common share**, including the full exercise of the over-allotment option.  **[1713748_0001104659-25-097752_tm2528056d2_ex99-1.htm:0]** 
- The proceeds from this financing will be used for the **continued advancement of the Eskay Creek gold-silver project** and for general corporate purposes.  **[1713748_0001104659-25-097752_tm2528056d2_ex99-1.htm:0]**

Skeena Resources Closes C$143.8 Million Bought Deal Financing

- Skeena Resources Limited announced a bought deal offering of **5,210,000** common shares at **C$24.00** per share, expecting to raise approximately **C$125,040,000** in gross proceeds.  **[1713748_0001104659-25-096885_tm2528056d1_ex99-1.htm:0]** **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:1]** **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:50]** 
- An over-allotment option for an additional **781,500** common shares could increase the total gross proceeds to approximately **C$143,796,000** if fully exercised.  **[1713748_0001104659-25-096885_tm2528056d1_ex99-1.htm:0]** **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:1]** **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:50]** 
- The offering is anticipated to close around **October 8, 2025**, with proceeds allocated to advancing the Eskay Creek gold-silver project, general corporate purposes, and securing liquidity for permitting.  **[1713748_0001104659-25-096885_tm2528056d1_ex99-1.htm:0]** **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:50]** 
- This financing represents approximately **4.5%** dilution to the Company's total market capitalization.  **[1713748_0001104659-25-096885_tm2528056d1_ex99-2.htm:50]**

Skeena Resources Announces C$125 Million Bought Deal Financing

- **Skeena Resources Limited** announced a **C$125 million** bought deal financing through the sale of **5,210,000** common shares at **C$24.00** per share, led by BMO Capital Markets.  **[1713748_0001104659-25-095776_tm2527646d4_ex99-1.htm:0]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:1]** 
- The proceeds will primarily fund the continued advancement of the **Eskay Creek gold-silver project** and general corporate purposes, ensuring liquidity for permitting, which is a condition for accessing a **US$750 million** financing package from Orion Resource Partners.  **[1713748_0001104659-25-095776_tm2527646d4_ex99-1.htm:0]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:1]** 
- The offering, expected to close around **October 8, 2025**, will result in approximately **4.5% dilution** to the Company's total market capitalization.  **[1713748_0001104659-25-095776_tm2527646d4_ex99-1.htm:0]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:1]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:2]** 
- As of **September 30, 2025**, the company had unaudited cash of approximately **C$105 million**.  **[1713748_0001104659-25-095776_tm2527646d4_ex99-1.htm:0]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:1]** 
- Government permitting for the Eskay Creek project is experiencing an unanticipated delay due to a BC government employee strike, while negotiations for the Impact Benefits Agreement are ongoing.  **[1713748_0001104659-25-095776_tm2527646d4_ex99-1.htm:0]** **[1713748_0001104659-25-095776_tm2527646d4_ex99-2.htm:1]**

- Skeena Resources is advancing its **fully financed** SK Creek project, an open-pit gold-silver mine, towards production in **2027**.  **[1713748_2137475_0]** **[1713748_2137475_1]**  The company expects to receive final permits, including the EA certificate and Major Mines Act permit, in **Q4 2025**.  **[1713748_2137475_0]** 
- The project is projected to generate **$1 billion** in annual after-tax free cash flow and **$1.7 billion** in annual EBITDA in the first five years of operation at spot prices, with an after-tax IRR of **80%** and a payback period of **0.6 years**.  **[1713748_2137475_0]** **[1713748_2137475_1]** 
- SK Creek is expected to produce approximately **450,000 ounces of gold equivalent metal** and **9.5 million ounces of silver** annually in its initial five years, with a life-of-mine grade of **5.5 grams per ton equivalent**.  **[1713748_2137475_0]** **[1713748_2137475_2]** 
- The company's current market capitalization is **$3 billion**, with a projected target valuation of **$10 billion** within two years as it moves into cash flow and production.  **[1713748_2137475_1]** **[1713748_2137475_2]**

Skeena Resources (SKE)