{"id":2224,"date":"2026-04-13T05:04:11","date_gmt":"2026-04-13T05:04:11","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/2224\/"},"modified":"2026-04-13T05:04:11","modified_gmt":"2026-04-13T05:04:11","slug":"the-capital-crunch-canadian-companies-receive-cash-boost","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/2224\/","title":{"rendered":"The Capital Crunch: Canadian companies receive cash boost"},"content":{"rendered":"

On Friday (10 April), several Canadian companies completed capital raises and boosted their cash balances, including Skeena Resources<\/a> (TSX:SKE) which completed a US$750 million ($1.05 billion) senior secured notes offering. <\/p>\n

The offering of the notes represents a refinancing strategy designed to optimise Skeena\u2019s capital structure by reducing its overall cost of capital and enhancing financial flexibility.<\/p>\n

Funds will be used to repurchase 66.67% of the gold stream for US$184 million to increase Skeena\u2019s exposure to gold prices and future production from Eskay Creek, as well as US$470 million towards construction at the Eskay Creek Project in British Columbia.<\/p>\n

Skeena will also use US$94 million towards prefund interest on the notes for 18 months. <\/p>\n

The senior secured notes will mature in 2031 and are non-callable for the first two years. <\/p>\n

Skeena also completed the drawing of the full US$200 million gold stream in 2025 to support construction activities at Eskay Creek. As part of the deal, the company retains the option to repurchase 66.67% of the gold stream at an 18% imputed internal rate of return following the start of commercial production.<\/p>\n

By completing this transaction, the company says it materially improves future operating margins, increases its exposure to gold prices and future production, and enhances overall project economics.<\/p>\n

\"\"<\/p>\n

Capital in Canada<\/p>\n

Selkirk Copper Mines<\/a> (TSX-V:SCMI) has also amended an agreement with a syndicate of underwriters, led by Canaccord Genuity, to increase a private placement to US$30 million. <\/p>\n

The offering will comprise 4.41 million flow-through shares at US$1.70 and 19.56 million common shares at US$1.15. <\/p>\n

Funds will be used to continue developing the Minto Mine in Canada, as well as general working capital. <\/p>\n

The offering is expected to close on or about 30 April 2026. <\/p>\n

Goldstorm Metals<\/a> (TSX-V:GSTM) is also conducting a private placement to raise C$4 million via the issue of HD units and flow-through units. <\/p>\n

The HD units have an issue price of C$0.20, while the flow-through units have an issue price of C$0.24. <\/p>\n

Each HD unit will comprise one common share and half of a share purchase warrant, exercisable at C$0.30 for a 36-month period. <\/p>\n

The funds will be used for Canadian exploration expenses. The offering is expected to close on or about 30 April 2026. <\/p>\n

Meanwhile, over in the US, One and One Green Technologies<\/a> (NASDAQ:YDDL) has entered into a securities purchase agreement with two institutional investors for the issue of 1.73 million units at US$7.50 per unit, to raise US$13 million. <\/p>\n

Each unit consists of one Class A organisation share and one warrant to purchase 1.5 ordinary shares. <\/p>\n

The funds will be used for general working capital and corporate purposes. The offering is expected to close on or about 13 April 2026. <\/p>\n

FT Global Capital is acting as the exclusive placement agent for the offering. <\/p>\n

Write to Aaliyah Rogan<\/a> at Mining.com.au<\/a><\/p>\n

Images: Skeena Resources & Selkirk Copper Mines<\/p>\n","protected":false},"excerpt":{"rendered":"On Friday (10 April), several Canadian companies completed capital raises and boosted their cash balances, including Skeena Resources…\n","protected":false},"author":2,"featured_media":2225,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[239,17,1452,1453,1448,1450,1451,1449,1447],"class_list":{"0":"post-2224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-british-columbia","9":"tag-canada","10":"tag-capital","11":"tag-financial","12":"tag-nasdaq","13":"tag-placement","14":"tag-private-placement","15":"tag-production","16":"tag-resources"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/2224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=2224"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/2224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/2225"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=2224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=2224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=2224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}