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Skeena to Commence Trading on the NYSE

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Skeena Resources Limited (OTCQX: SKREF) has received authorization to list on the New York Stock Exchange and has filed a Form 40-F with the U.S. Securities and Exchange Commission. Trading on the NYSE is set to begin on November 1, 2021, with shares continuing to trade on the TSX under the ticker symbol SKE. The company focuses on the Eskay Creek gold-silver mine in British Columbia, which has a prefixed average grade of 4.57 g/t AuEq and an after-tax NPV5% of C$1.4B. Skeena aims for full feasibility by Q1 2022.

Positive
  • Listing on NYSE enhances visibility and accessibility for investors.
  • Strong Prefeasibility Study results with an after-tax NPV5% of C$1.4B.
  • Targeting full feasibility for Eskay Creek by Q1 2022.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce that the Company has received listing authorization from the New York Stock Exchange ("NYSE") and has filed a Form 40-F ("40-F") with the U.S. Securities and Exchange Commission ("SEC"). The Company expects to begin trading on the NYSE on November 1, 2021 under ticker symbol "SKE". The Company's common shares will continue trading on the TSX under ticker symbol "SKE".

Concurrent with the start of trading on the NYSE, Skeena's common shares will cease trading on the OTC Markets. Shareholders are not required to take any action.

About Skeena

Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Prefeasibility Study for Eskay Creek in July 2021 which highlights an open-pit average grade of 4.57 g/t AuEq, an after-tax NPV5% of C$1.4B, 56% IRR, and a 1.4-year payback at US$1,550/oz Au. Skeena is currently completing both infill and exploration drilling to advance Eskay Creek to full Feasibility by Q1 2022.

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

Walter Coles Jr.
President & CEO

Contact Information

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

The scientific and technical information in this press release was approved by Paul Geddes, P.Geo., a Qualified person as defined under National Instrument 43-101 and Vice President, Exploration and Resource Development for the Company.

Cautionary note regarding forward-looking statements

Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, 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 other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Skeena Resources Limited.



View source version on accesswire.com:
https://www.accesswire.com/669842/Skeena-to-Commence-Trading-on-the-NYSE

FAQ

When will SKREF start trading on the NYSE?

SKREF will start trading on the NYSE on November 1, 2021.

What financial metrics highlight Skeena's mining project?

Skeena's Eskay Creek project has an average grade of 4.57 g/t AuEq and an after-tax NPV5% of C$1.4B.

What will happen to SKREF shares when trading begins on the NYSE?

When trading begins on the NYSE, SKREF shares will cease trading on the OTC Markets.

What is the significance of the Form 40-F filing for SKREF?

The Form 40-F filing is a requirement for the company to list on the NYSE, ensuring compliance with U.S. securities regulations.

What is the expected timeline for full feasibility of the Eskay Creek mine?

The company expects to achieve full feasibility for the Eskay Creek mine by Q1 2022.

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