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Seabridge Gold Inc T.SEA

Alternate Symbol(s):  SA

Metals & Mining Gold
Seabridge Gold Inc. is a Canada-based company, which is engaged in the acquisition and exploration of gold properties located in North America. The Company’s projects include Kerr-Sulphurets-Mitchell (KSM), Courageous Lake, 3 Aces, Iskut and Snowstorm. The KSM Project comprises four discrete claim blocks, including KSM claims, Seabee claims, Tina claims and Treaty Creek Switching Station claims. The Courageous Lake Property is approximately 240 kilometers (km) northeast of Yellowknife NWT, Canada. It is situated along the shores of Mathews Lake, between the larger Courageous Lake to the north and MacKay Lake to the south. The 3 Aces property consists of 1,536 Yukon Quartz Mining claims covering an area of approximately 31,400 hectares. The Iskut Property is a contiguous block of mineral claims covering 22,238 hectares. The Snowstorm Project includes 964 unpatented lode mining claims, roughly 2,245 hectares of leased private land.


TSX:SEA - Post by User

Seabridge Gold Inc
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(1921)
•••
Post by Betteryear2on Feb 26, 2022 6:10pm
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Post# 34464907

to Raise US$225 Million from Sprott and Ontario Teachers'

to Raise US$225 Million from Sprott and Ontario Teachers'Toronto, Ontario--(Newsfile Corp. - February 26, 2022) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that its wholly-owned subsidiary, KSM Mining ULC ("KSMCo") has agreed to sell a secured note ("Note") that is to be exchanged at maturity for a silver royalty on its 100% owned KSM project located in northern British Columbia, Canada, to Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan ("Ontario Teachers'") (jointly, the "Investors") for US$225 million (approximately C$285 million at the current exchange rate). The proceeds of this sale will be used to continue ongoing physical works at KSM and advance the project towards a designation of 'substantially started'.

https://www.newsfilecorp.com/release/114832
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