Skeena Gold & Silver Secures Environmental Assessment Certificate and Federal Impact Assessment Approval for Eskay Creek

On January 27, 2026, Skeena Gold & Silver announced it has received the Environmental Assessment Certificate (EAC) and Federal Impact Assessment Approval for the Eskay Creek Gold-Silver Project. This marks the conclusion of a rigorous process initiated in August 2024. Significantly, the EAC includes the consent of the Tahltan Nation, achieved through a landmark Section 7 agreement—the first of its kind in Canadian history. This approval follows the December 2025 ratification of the Impact Benefit Agreement (IBA) by the Tahltan membership.

This is the single most important de-risking event for the company. The issuance of the EAC was a condition precedent for accessing the balance of the US$750 million financing package provided by Orion Resource Partners. - Regulatory De-risking: The project has successfully navigated the most complex phase of the B.C. regulatory environment. - Financial Liquidity: Unlocking the Orion facility provides the primary capital needed for full-scale construction. - Social License: The Tahltan Nation's formal consent via the Section 7 agreement provides a level of legal and social certainty rarely seen in Canadian mining. - Operational Timeline: This confirms the company’s ability to remain on schedule for its goal of becoming a producer, matching management's previous Q4 2025/Q1 2026 guidance for these approvals.

Skeena Gold & Silver is focused on the Eskay Creek project in the Golden Triangle of British Columbia. Eskay Creek is a past-producing mine that was previously the highest-grade gold mine in the world. The current project is a planned open-pit operation with an estimated 12-year mine life, targeting 450,000 oz AuEq per year (Years 1-5). The project boasts exceptionally low AISC (net of silver credits) estimated at US$300/oz Au.