Mergers & Acquisitions ·
Seabridge Gold acquires Wyoming Slaughterhouse Project for $300k plus up to $2.55M in milestones
SASeabridge Gold Inc
Seabridge Gold Inc. executed a purchase agreement with Orogen Royalties Inc. to acquire a 100% interest in the Slaughterhouse Project, comprising 163 mining claims and associated data in southern Wyoming. The transaction requires an initial payment of US$300,000 and allows for additional milestone payments totaling up to US$2.55 million upon completion of specific exploration goals. Orogen will retain a 2.5% net smelter return royalty on the existing claims and a 0.5% to 1% NSR royalty within a broader area. The deal is subject to customary closing conditions. Seabridge Gold Inc. operates in the gold mining industry, holding principal assets including the KSM and Bronson Corridor projects.