Tudor Gold Corp V.TUD

Seabridge wins round #1 of tussle with Tudor over KSM licenc

[ranman]

Seabridge wins round #1 of tussle with Tudor over KSM licence

An unbiased analysis??

In July 2023, Seabridge Gold (TSX:SEA; NYSE:SA) reported to shareholders that Tudor Gold (TSXV:TUD) had applied to the B.C. government to rescind a portion of Seabridge’s licence of occupation for the KSM copper-gold project. The area of dispute covers what would be the right-of-way for planned to connect the mine site with the mill 23 km away.

Today, Nov. 20, the B.C. Ministry of Energy, Mines and Low Carbon Innovation responded to Seabridge with confirmation that the government’s authority to issue licences and permits within an area where mineral title is held by a third party. The B.C. Ministry of Water, Land and Resource Stewardship confirmed there is no basis to cancel the licence under the provisions of the relevant legislation or the terms of the licence.

FULL ARTICLE

[Robizounskin]

Yes, this is confirming that the government have authority to issue licences and permits within an area where mineral title is held by a third party, but the good thing is this action by Tudor has raised the conflict evidences within different rights on the crown land from different ministries and regulations.  The end results are that both ministries are confirming that a negotiation will be

[fordster]

I guess Seabridge needs so desperately to portray a win to all the institutions ands shareholders... 'when everything is said and done, Seabridge still has no permit to build the MTT through TC as they never applied for one. Thus they didn't even complete their drilling for the MTT rout.   https://markets.businessinsider.com/news/stocks/tudor-gold-maintains-its-prior-rights-as