Skeena Resources Secures US$750 Million Project Financing Package

Vancouver, BC - Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announces a US$750 million financing package with Orion Resource Partners. This package will fund the Eskay Creek Gold-Silver Project's development, construction, and general working capital. It includes an equity investment, gold stream, senior secured loan, and cost over-run facility, providing financial security prior to obtaining the necessary permits for the project.

The financing highlights include a US$100 million equity investment, a US$200 million gold stream with an option to reduce the stream percentage by 66.7%, a US$350 million senior secured loan with no penalties for termination, and a US$100 million cost over-run facility. Notably, the equity investment is priced at a premium and ensures Orion will hold less than 20% of Skeena's shares upon completion.

Skeena plans to advance Eskay Creek towards production by the first half of 2027, with key milestones such as an Impact Benefit Agreement with the Tahltan Central Government and the receiving of necessary permits by the end of 2025. The project is projected to contribute significantly to local communities, creating substantial employment and economic benefits.