Skeena Resources (SKE) Registration Filing summary

Company overview and business model

• Focuses on advancing the Eskay Creek Gold-Silver Project in British Columbia's Golden Triangle, with a commitment to sustainable mining and partnerships with Indigenous communities.

• Holds a significant land package of 178,901 hectares in the Golden Triangle and is engaged in exploration and development activities, including recent drilling at the KSP property.

• Recent strategic moves include a financing package for Eskay Creek, a bulk sample approval, and a strategic investment in TDG Gold Corp.

Financial performance and metrics

• Closed a bought deal offering in February 2025, raising approximately C$88.3 million.

• Issued 1,441,873 common shares between October 2024 and March 2025 through equity incentive plans and property acquisitions.

• Remains in a development stage with negative operating cash flow and has not achieved commercial production.

Use of proceeds and capital allocation

• Proceeds intended for environmental and engineering optimization, permitting, exploration, and general working capital, primarily at Eskay Creek.

• Management retains broad discretion over the allocation of net proceeds, which may be impacted by various risk factors.