SCHEDULE 13G/A: Orion Resource Partners Discloses 7.2% Passive Stake in Skeena Resources Ltd.

Orion Resource Partners (USA) LP has filed an amended Schedule 13G, revealing a 7.2% passive beneficial ownership stake in Skeena Resources Ltd. as of December 31, 2024.

Summary

• Orion Resource Partners (USA) LP, an investment advisor, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Skeena Resources Ltd.
• As of December 31, 2024, Orion Resource Partners beneficially owned 7,720,340 Common Shares of Skeena Resources Ltd.
• This ownership represents approximately 7.2% of Skeena Resources Ltd.'s outstanding Common Shares.
• The percentage is calculated based on 107,456,756 Common Shares outstanding as of November 13, 2024, as reported by Skeena Resources Ltd. in a Form 6-K.
• Orion Resource Partners holds these shares through various investment vehicles, collectively referred to as the 'Orion Funds'.
• The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's operational or financial performance. It is a standard regulatory filing.

Future Outlook

NA

Management Comments

• Orion Resource Partners (USA) LP serves as investment advisor to various investment vehicles that directly hold the Common Shares reported herein (collectively, the 'Orion Funds'). In such capacity, the Reporting Person may be deemed to have voting and investment control over the Ordinary Shares reported herein.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates a significant passive investment by a specialized resource-focused investment firm, Orion Resource Partners, in Skeena Resources Ltd., a company likely operating within the mining or natural resources sector. Such investments by institutional players can signal confidence in the long-term prospects of the company or the sector, though this specific filing is purely a disclosure of ownership and intent.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by an institutional investor like Orion Resource Partners may be viewed positively by existing shareholders, potentially signaling institutional confidence in the company.

Key Dates

Keywords

Skeena Resources Ltd, Orion Resource Partners, Schedule 13G, Beneficial Ownership, Common Shares, Investment Advisor, SEC Filing, Passive Investment