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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.