Skeena Resources Limited announced USD 350 million of committed capital available from a senior secured loan with 1% standby fee and no break fee (the Senior Secured Loan from Orion Resource Partners for the development, construction, and general working capital required to advance the Company's 100%-owned Eskay Creek Gold-Silver Project. Term is 5.75 years from the first drawdown. Availability period: Drawdowns will be in four equal tranches of USD 87,500,000.

Availability fee: 1.0% per year on the undrawn portion. Coupon: 3-month USD SOFR (subject to a minimum of 1.5%) plus 7.75% margin, calculated based on the number of days elapsed in the quarter divided by 360 days. In the case of default, the margin will increase by 2%.

Interest and principal repayment: Interest to be paid quarterly until the maturity date. Commencing 3 months following the planned project completion, the principal shall amortize and be payable in 15 quarterly installments. Skeena may prepay the loan and any accrued unpaid interest in full or in part at any time without any penalty.

Original issue discount: 2.0% of the Senior Secured Loan Amount, which shall be paid pro-rata upon the funding of each tranche. No break fee: Skeena may terminate the Senior Secured Loan at any time without incurring penalties.