“There hasn’t been a major exodus of our top shareholders,” CEO Chris Griffith says.

Project construction was approved in the summer of 2021, nearly a year after Artemis acquired the asset from New Gold.

The latest financing package would allow Skeena to buy back a 0.5% NSR royalty for a total of $17.5 million.

The company said it will repurchase the shares over the remainder of this year and will allocate 75% of its excess cash for more buybacks in 2023 and 2024.

As a career choice, mining has seen better times.

While mining stocks tend to outperform during periods of elevated inflation, gains may be curtailed by concern about China’s demand for metals.

"It makes us the largest collector, packager and processor of both end of life batteries and battery manufacturing scrap in North America,” says CEO David Klanecky.