Skeena Resources Limited announced on February 20, 2025, a public offering of 4,800,000 common shares at C$14.70 per share, with up to 2,230,000 of these issued as flow-through shares at C$17.93 per share, for gross proceeds of C$70.56 million. If the flow-through election is fully exercised, proceeds could reach C$77.76 million, and with the underwriters' option for an additional 720,000 shares, total proceeds could increase to C$88.35 million. The offering, expected to close on or about February 26, 2025, was led by BMO Nesbitt Burns Inc., with Raymond James Ltd., RBC Dominion Securities Inc., Agentis Capital Markets LP, Canaccord Genuity Corp., CIBC World Markets Inc., Desjardins Securities Inc., and TD Securities Inc. as underwriters. The underwriters received a 5% commission of up to C$4.42 million. Net proceeds will be used for general working capital, and for flow-through shares, to fund Canadian development expenses (CDE) renounced to investors.

Legal advisors included Blake, Cassels & Graydon LLP (Canada) and Skadden, Arps, Slate, Meagher & Flom LLP (U.S.) for Skeena, with Stikeman Elliott LLP (Canada) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (U.S.) advising the underwriters. The offering is subject to regulatory approvals and listing on the TSX and NYSE.