Friday, August 8, 2025

Skeena Closes $30.9 Million Financing From Franco-Nevada

Skeena Resources (TSX: SKE) has closed its previously announced private placement. The firm indicated on Friday that it had closed the financing, which was fully subscribed to by Franco-Nevada (TSX: FNV).

The financing saw Franco-Nevada subscribe to 1.47 million flow through shares of the company, with each share being pegged at $21.00 per each. The firm as a result invested a total of $30.9 million in the junior explorer.

As part of the investment, the firm provided Franco-Nevada with the right of first refusal for a 0.5% NSR for the Eskay Creek project. An amendment to a previously entered royalty arrangement has also been modified to match the land covered under a separate royalty arrangement that Skeena currently has in place with Barrick Gold.

Funds from the financing are to be used for exploration expenditures on Skeena’s properties.

Skeena Resources last traded at $12.97 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Skeena Resources Consolidates Shares At 4 To 1 Ratio

Skeena Resources (TSX: SKE) this morning issued a brief press release, indicating that it has...

Thursday, June 10, 2021, 09:30:52 AM

Franco Nevada Q3 Earnings: The Road To Recovery

Last quarter we published our first coverage of Franco-Nevada’s (TSX: FNV) earnings, and, quite rightly,...

Saturday, November 9, 2024, 01:22:00 PM

Skeena Resources Is Setting Up A Blockbuster With The Eskay Creek Sequel

Gold stocks are all about stories, and since making a story good is all in...

Friday, January 31, 2020, 09:26:52 AM

Skeena Hits 5.88 G/T Gold Equivalent Over 17 Metres In New Zone

Skeena Resources (TSX: SKE) this morning had a positive development in that it has discovered...

Tuesday, September 15, 2020, 08:46:04 AM

Silver Company Buys A Gold Mine For Nearly A Half Billion | Discovery Silver

It seems the market is about to get a new gold producer. The development follows...

Saturday, February 1, 2025, 01:06:00 PM