Skeena Announces Results of Annual General Meeting

Rhea-AI Summary

Skeena Resources announced the results of its Annual General Meeting (AGM) held on June 17, 2024, in Vancouver, BC. Shareholders overwhelmingly approved the re-election of all Directors and the reappointment of KPMG LLP as the company's auditor, with over 99% voting in favor. The Shareholder Rights Plan adopted in November 2023 expired on May 14, 2024, without needing further approval. The AGM saw a substantial turnout, with 64,349,256 shares voted, accounting for 70.9% of the common shares issued and outstanding. Detailed voting results for each director showed significant support, with Walter Coles receiving 99.8% approval, among others.

Positive

• Re-election of all Directors was approved by over 99% of shareholders.
• Reappointment of KPMG LLP as the company’s auditor received over 99% approval.
• AGM had a high participation rate with 70.9% of common shares voted.
• Strong support for individual Directors: Walter Coles (99.8%), Randy Reichert (99.5%), Suki Gill (91.5%), Craig Parry (66.7%), Greg Beard (99.4%), and Nathalie Sajous (99.7%).

Negative

• Shareholder Rights Plan expired without the need for re-approval, which might imply a lack of long-term strategic planning.

VANCOUVER, BC / ACCESSWIRE / June 17, 2024 / Skeena Resources Limited (TSX:SKE)(NYSE SKE) ("Skeena" or the "Company") is pleased to announce the results of the Company's Annual General Meeting of Shareholders ("AGM") held in Vancouver, British Columbia, on June 17, 2024. Shareholders approved the re‑election of all Directors. The number of Directors and the reappointment of KPMG LLP, Chartered Professional Accountants as auditor of the Company were also approved by over 99% of shareholders who voted. Additionally, the Shareholder Rights Plan adopted by the Board of Directors on November 14, 2023 was allowed to expire on May 14, 2024 rather than calling a meeting of shareholders in order to approve the Shareholder Rights Plan prior to that date.

A total of 64,349,256 shares were voted, representing 70.9% of the common shares that were issued and outstanding at the record date for the AGM. Refer to Table 1 below for the detailed results of the votes for each Director.

Table 1: Detailed Voting Results for Re-election of Directors

Nominee	Votes For	Percentage For
Walter Coles	60,398,449	99.8%
Craig Parry	40,352,117	66.7%
Randy Reichert	60,229,897	99.5%
Suki Gill	55,360,141	91.5%
Greg Beard	60,161,103	99.4%
Nathalie Sajous	60,372,741	99.7%

About Skeena

Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory in the Golden Triangle of Northwest British Columbia, Canada. The Company released a Definitive Feasibility Study for Eskay Creek in November 2023 which highlights an after-tax NPV5% of C$2B, 43% IRR, and a 1.2-year payback at US$1,800/oz Au and US$23/oz Ag.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles	Randy Reichert
Executive Chairman	President & CEO

Contact Information

Investor Inquiries: info@skeenaresources.com
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com

Qualified Persons

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo., Senior Vice President, Exploration & Resource Development, is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting the exploration activities on its projects.

Cautionary note regarding forward-looking statements

Certain statements and information contained or incorporated by reference in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). These statements relate to future events or our future performance. The use of words such as "anticipates", "believes", "proposes", "contemplates", "generates", "targets", "is projected", "is planned", "considers", "estimates", "expects", "is expected", "potential" and similar expressions, or statements that certain actions, events or results "may", "might", "will", "could", or "would" be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements regarding the results of the Definitive Feasibility Study, processing capacity of the mine, anticipated mine life, probable reserves, estimated project capital and operating costs, sustaining costs, results of test work and studies, planned environmental assessments, the future price of metals, metal concentrate, and future exploration and development. Such forward-looking statements are based on material factors and/or assumptions which include, but are not limited to, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and the assumptions set forth herein and in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, and the Company's Annual Information Form ("AIF") dated March 28, 2024. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: the inherent risks involved in exploration and development of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024, the Company's short form base shelf prospectus dated January 31, 2023, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.

Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.

SOURCE: Skeena Resources Limited

View the original press release on accesswire.com

FAQ

What were the results of Skeena Resources' Annual General Meeting held on June 17, 2024?

Shareholders approved the re-election of all Directors and the reappointment of KPMG LLP as the auditor, with over 99% voting in favor. The Shareholder Rights Plan was allowed to expire. A total of 64,349,256 shares were voted, representing 70.9% of the common shares.

What percentage of shares were voted at Skeena Resources' AGM on June 17, 2024?

A total of 64,349,256 shares were voted, representing 70.9% of the common shares issued and outstanding.

Who were the Directors re-elected at Skeena Resources' AGM, and what were their approval percentages?

The Directors re-elected were Walter Coles (99.8%), Craig Parry (66.7%), Randy Reichert (99.5%), Suki Gill (91.5%), Greg Beard (99.4%), and Nathalie Sajous (99.7%).

Was the Shareholder Rights Plan re-approved at the Skeena Resources AGM?

No, the Shareholder Rights Plan adopted on November 14, 2023, was allowed to expire on May 14, 2024, without needing further approval.

What is the stock symbol for Skeena Resources?

The stock symbol for Skeena Resources is SKE.