Skeena Resources (SKE) said Monday it has obtained $45 million of gold stream funding on Dec. 30 to finance its Eskay Creek Gold-Silver Project in British Columbia.
This marks the second of five planned tranches under the $200 million Gold Stream Arrangement, with three more payments of $50 million remaining.
Skeena Resources said the new funds were received after obtaining Bulk Technical Sample permits in December and meeting other customary conditions.
The company said it retains a buyback option to reduce the stream percentage by 66.67% within 12 months post-project completion.
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