Skeena Resources Raises C$88.3 Million for Eskay Creek Project

Skeena Resources ( (TSE:SKE) ) has shared an update.

Skeena Resources announced on February 18, 2025, an agreement with underwriters led by BMO Capital Markets to purchase 4,800,000 common shares at C$14.70 each, raising approximately C$70.5 million. By February 26, 2025, the company closed the offering, raising C$88.3 million by selling 3,290,000 common shares and 2,230,000 flow-through shares. The proceeds will fund the Eskay Creek project and other corporate purposes, with flow-through shares supporting Canadian development expenses.

More about Skeena Resources

Skeena Resources Limited is a Canadian mining company focused on the exploration and development of precious metal projects, primarily gold and silver. The company is advancing its Eskay Creek project in British Columbia, a significant gold-silver deposit.

YTD Price Performance: 3.25%

Average Trading Volume: 268,747

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.5B

See more data about SKE stock on TipRanks’ Stock Analysis page.