Skeena Gold & Silver Announces Investment into TDG Gold Corp
Skeena Resources (TSX:SKE, NYSE:SKE) has announced a strategic investment in TDG Gold Corp to advance the Greater Shasta-Newberry project in British Columbia's Toodoggone District. The investment involves purchasing 22,000,000 TDG common shares through the sale of the Sofia Property and a C$7,000,000 payment.
Upon completion, Skeena will hold approximately 13% ownership in TDG's outstanding common shares. The Greater Shasta Project is strategically located adjacent to Freeport-McMoRan and Amarc Resources' recent AuRORA gold-silver-copper discovery, with the mineralized trend potentially extending onto TDG's claims. The Sofia Property, consisting of 9,000 hectares of mineral claims bordering TDG's northern concession boundary, is included in the transaction.
The deal is expected to close by February 14, 2025, subject to exchange approval and other customary conditions.
Skeena Resources (TSX:SKE, NYSE:SKE) ha annunciato un investimento strategico in TDG Gold Corp per avanzare il progetto Greater Shasta-Newberry nel Distretto di Toodoggone, in Columbia Britannica. L'investimento prevede l'acquisto di 22.000.000 azioni ordinarie di TDG tramite la vendita della Sofia Property e un pagamento di C$7.000.000.
Una volta completata la transazione, Skeena deterrà circa il 13% delle azioni ordinarie in circolazione di TDG. Il progetto Greater Shasta è strategicamento situato adiacente alla recente scoperta di oro, argento e rame AuRORA di Freeport-McMoRan e Amarc Resources, con la tendenza mineralizzata che potrebbe estendersi anche sulle rivendicazioni di TDG. La Sofia Property, costituita da 9.000 ettari di rivendicazioni minerarie che confinano con il confine di concessione settentrionale di TDG, è inclusa nella transazione.
L'accordo dovrebbe chiudersi entro il 14 febbraio 2025, soggetto all'approvazione del mercato e ad altre condizioni consuete.
Skeena Resources (TSX:SKE, NYSE:SKE) ha anunciado una inversión estratégica en TDG Gold Corp para avanzar en el proyecto Greater Shasta-Newberry en el Distrito Toodoggone de la Columbia Británica. La inversión implica la compra de 22,000,000 acciones comunes de TDG a través de la venta de la Sofia Property y un pago de C$7,000,000.
Una vez finalizada la transacción, Skeena tendrá aproximadamente un 13% de propiedad en las acciones comunes en circulación de TDG. El proyecto Greater Shasta se encuentra estratégicamente ubicado adyacente al reciente descubrimiento de oro, plata y cobre AuRORA de Freeport-McMoRan y Amarc Resources, con la tendencia mineralizada que podría extenderse a las reclamaciones de TDG. La Sofia Property, que consiste en 9,000 hectáreas de reclamaciones minerales que limitan con el límite de concesión norte de TDG, está incluida en la transacción.
Se espera que el acuerdo se cierre para el 14 de febrero de 2025, sujeto a la aprobación de la bolsa y otras condiciones habituales.
스키나 리소스 (TSX:SKE, NYSE:SKE)는 브리티시컬럼비아의 투도고운 지구에 있는 그레이터 샤스타-뉴베리 프로젝트를 발전시키기 위해 TDG 골드 코퍼레이션에 전략적 투자를 발표했습니다. 이 투자에는 소피아 자산의 판매와 C$7,000,000의 지급을 통해 22,000,000 TDG 보통주를 구매하는 것이 포함됩니다.
완료되면 스키나는 TDG의 유통 중인 보통주의 약 13%를 보유하게 됩니다. 그레이터 샤스타 프로젝트는 프리포트-맥모란과 아막 리소스의 최근 AuRORA 금-은-구리 발견과 인접하게 전략적으로 위치하고 있으며, 광물화 경향이 TDG의 청구권으로 연장될 가능성이 있습니다. 소피아 자산은 TDG의 북쪽 양허 경계와 접하는 9,000 헥타르의 광물 청구로 구성되어 있으며, 거래에 포함됩니다.
이 거래는 2025년 2월 14일까지 마감될 예정이며, 증권 거래소 승인 및 기타 관례적인 조건이 필요합니다.
Skeena Resources (TSX:SKE, NYSE:SKE) a annoncé un investissement stratégique dans TDG Gold Corp pour faire avancer le projet Greater Shasta-Newberry dans le district de Toodoggone en Colombie-Britannique. L'investissement implique l'achat de 22 000 000 d'actions ordinaires de TDG par la vente de la propriété Sofia et un paiement de 7 000 000 C$.
Une fois finalisée, Skeena détiendra environ 13% des actions ordinaires en circulation de TDG. Le projet Greater Shasta est stratégiquement situé à côté de la récente découverte de AuRORA d'or-argent-cuivre de Freeport-McMoRan et Amarc Resources, la tendance minéralisée pouvant potentiellement s'étendre sur les revendications de TDG. La propriété Sofia, qui comprend 9 000 hectares de revendications minières à la frontière nord de la concession de TDG, est incluse dans la transaction.
La clôture de l'accord est prévue pour le 14 février 2025, sous réserve de l'approbation de l'échange et d'autres conditions habituelles.
Skeena Resources (TSX:SKE, NYSE:SKE) hat eine strategische Investition in TDG Gold Corp angekündigt, um das Greater Shasta-Newberry-Projekt im Toodoggone-Distrikt in British Columbia voranzubringen. Die Investition beinhaltet den Kauf von 22.000.000 TDG-Stammaktien durch den Verkauf der Sofia Property und eine Zahlung in Höhe von C$7.000.000.
Nach Abschluss wird Skeena etwa 13% der ausstehenden Stammaktien von TDG halten. Das Greater Shasta-Projekt liegt strategisch günstig neben der jüngsten AuRORA-Gold-Silber-Kupferentdeckung von Freeport-McMoRan und Amarc Resources, wobei der mineralisierte Trend möglicherweise auch auf die Ansprüche von TDG übergreift. Die Sofia Property, die aus 9.000 Hektar mineralischer Ansprüche besteht und an die nördliche Konzessionsgrenze von TDG grenzt, ist Teil der Transaktion.
Der Abschluss des Deals wird bis zum 14. Februar 2025 erwartet, vorbehaltlich der Genehmigung durch die Börse und anderer üblicher Bedingungen.
- Strategic positioning near the high-grade AuRORA discovery site
- Acquisition of 13% ownership stake in TDG Gold Corp
- Potential extension of mineralized trend onto TDG's claims
- C$7,000,000 cash outlay required for investment
- Divestment of 9,000 hectares Sofia Property
Insights
This strategic investment by Skeena Resources represents a calculated move into one of British Columbia's most promising exploration plays. The transaction structure, combining the Sofia Property transfer with a
The Greater Shasta Project's location, particularly its proximity to Freeport-McMoRan and Amarc's AuRORA discovery (less than 200 meters from TDG's claims), is extraordinarily significant. The geological setting suggests high probability of mineralization continuation, as evidenced by both geochemical and geophysical indicators. The Sofia Property's 9,000 hectares addition to TDG's northern boundary creates a contiguous land package that enhances exploration potential and future operational flexibility.
From a strategic perspective, this investment offers Skeena multiple advantages:
- Early-mover positioning in an emerging high-grade district
- Risk-mitigated exposure through minority stake rather than direct exploration
- Potential for significant value appreciation if AuRORA-style mineralization is confirmed on TDG's claims
- Strategic influence in future district consolidation scenarios
The transaction's structure, utilizing both asset transfer and cash investment, suggests careful capital allocation while maintaining significant upside potential. The February 14, 2025 closing timeline and exchange approval requirements indicate a well-structured deal with appropriate regulatory considerations.
VANCOUVER, BC / ACCESS Newswire / January 27, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") announces a strategic investment into TDG Gold Corp. (TSXV: TDG) ("TDG") to advance the Greater Shasta-Newberry project ("Greater Shasta Project") in the Toodoggone District, in British Columbia, Canada. The Greater Shasta Project is situated on the boundary of the recent discovery announced by Freeport-McMoRan Inc. (NYSE: FCX) and Amarc Resources Ltd. (TSXV:AHR) on their new gold-silver-copper "AuRORA" target and lies directly alongside the same mineralized trend. The investment in TDG is consistent with the Company's approach of making strategic equity investments in projects with high geological potential.
Walter Coles, Executive Chairman of Skeena, commented: "This investment in TDG highlights our agility in positioning at the forefront of one of British Columbia's most exciting exploration plays. By providing early-stage funding to TDG, we aim to support TDG's exploration efforts to validate the Greater Shasta project. The exciting high-grade Freeport - Amarc AuRORA discovery is less than 200 meters from the border of TDG's claims. Also importantly, both geochemical and geophysical data indicate the potential for the mineralized trend to continue over onto TDG's
Investment in TDG
Upon closing, Skeena will have purchased 22,000,000 TDG common shares in exchange for the sale of the Sofia Property (the "Asset Sale"), and payment of C
About Skeena
Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.
On behalf of the Board of Directors of Skeena Gold & Silver,
Walter Coles
Executive Chairman
Randy Reichert
President & CEO
For further information, please contact:
Galina Meleger
Vice President Investor Relations
E: info@skeenagold.com
T: 604-684-8725
W: www.skeenagoldsilver.com
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Skeena's Corporate Head office is located at Suite #2600 - 1133 Melville Street, Vancouver BC V6E 4E5
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 statements and information contained or incorporated by reference in the 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 news 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 exploration and potential of the Greater Shasta project; the terms and timing of the Investment and Skeena's ownership of TDG following closing of the Investment. 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 ACCESS Newswire
FAQ
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