Q: Hi
Skeena Resources just announced a financing package to see them through the development of the Eskay Creek property. The ownership of the stored materials at the site is still in dispute. Would you see this financing as sign that this issue of ownership of stored materials is close to being resolved?
Skeena Resources just announced a financing package to see them through the development of the Eskay Creek property. The ownership of the stored materials at the site is still in dispute. Would you see this financing as sign that this issue of ownership of stored materials is close to being resolved?
5i Research Answer:
We do not see too many updates on the issue outside of this article earlier this year:
https://www.cbc.ca/news/canada/north/alaskan-tribes-seek-historic-legal-recognition-from-b-c-gov-t-eskay-creek-1.7107190
These issues can take many years to fully resolve, but SKE doing such a large financing does display confidence that the dispute is not a large issue and it is continuing to move forward with development.