07:43 AM EST, 01/06/2025 (MT Newswires) -- Skeena Resources ( SKE ) said Monday it has obtained $45 million of gold stream funding on Dec. 30 to finance its Eskay Creek Gold-Silver Project in British Columbia.

This marks the second of five planned tranches under the $200 million Gold Stream Arrangement, with three more payments of $50 million remaining.

Skeena Resources ( SKE ) said the new funds were received after obtaining Bulk Technical Sample permits in December and meeting other customary conditions.

The company said it retains a buyback option to reduce the stream percentage by 66.67% within 12 months post-project completion.