Skeena Resources Limited has announced a public offering of 5,210,000 common shares at $24.00 per share, for gross proceeds of $125,040,000. The offering is qualified by a prospectus supplement dated October 3, 2025, together with the company’s short form base shelf prospectus dated March 19, 2025. The shares are being distributed through an underwriting syndicate led by BMO Nesbitt Burns Inc., with participation from UBS Securities Canada Inc., Raymond James Ltd., RBC Dominion Securities Inc., TD Securities Inc., CIBC World Markets Inc., SCP Resource Finance LP, Agentis Capital Markets (First Nations Financial Markets LP), Canaccord Genuity Corp., and Desjardins Securities Inc.

The offering is being made concurrently in Canada (excluding Québec) and the United States, with shares offered through the underwriters and their respective broker-dealer affiliates or agents. The transaction is governed by an underwriting agreement dated October 3, 2025, and is supported by a registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission.

Legal matters for Skeena Resources are handled by Blake, Cassels & Graydon LLP (Canada) and Skadden, Arps, Slate, Meagher & Flom LLP (U.S.), while the underwriters are advised by Stikeman Elliott LLP (Canada) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (U.S.). Proceeds from the offering will be used for general corporate purposes, including advancing the Eskay Creek Project and working capital.