Skeena Resources Secures US$750 Million Project Financing Package

Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has announced a US$750 million financing package with Orion Resource Partners. This funding will support the development and construction of the 100%-owned Eskay Creek Gold-Silver Project. The financing significantly de-risks the Project and provides flexibility as the Company progresses towards production, targeted for the first half of 2027.

The package includes a US$100 million equity investment, a US$200 million gold stream, a US$350 million senior secured loan, and a US$100 million cost over-run facility. This comprehensive financial arrangement was designed to ensure funding certainty and strategic flexibility before the receipt of final permits.

CEO Walter Coles emphasized the certainty and flexibility of this financing, appreciating Orion's commitment. The funding alignment extends the company's capacity to advance Eskay Creek efficiently, leveraging the feasibility study results released in November 2023.