Seabridge Gold Inc T.SEA

Alternate Symbol(s): SA

Metals & Mining Gold

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294 square kilometers property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314 square kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.

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Seabridge Gold Inc > Seabridge to Raise US$150 Million

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Post by Betteryear2on May 11, 2023 7:53pm

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Post# 35444421

Seabridge to Raise US$150 Million

Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that its wholly-owned subsidiary, KSM Mining ULC ("KSMCo"), has agreed to the principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty Corp. ("Sprott") pays KSMCo US$150 million (approximately C$200 million at the current exchange rate) and KSMCo grants Sprott a 1.2% net smelter royalty ("NSR") on its 100% owned KSM project located in northern British Columbia, Canada. The proceeds will be used to complete the physical works at KSM for which Seabridge expects to achieve a designation of 'substantially started' from the B.C. government.

Seabridge to Raise US$150 Million under KSM Net Smelter Royalty Agreement with Sprott Funds to be Used Towards Achieving 'Substantially Started' Status (newsfilecorp.com)

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