Mergers & Acquisitions ·
Seabridge Gold Inc. completed the spin-out of its Courageous Lake Project into Valor Gold Corp., distributing 55…
SASeabridge Gold Inc
Seabridge Gold Inc. completed the spin-out of its Courageous Lake Project into Valor Gold Corp., distributing 55 million Valor shares to shareholders at a ratio of one Valor share for every 1.957 Seabridge shares held on June 3, 2026. The transaction generated a $151.7 million gain and resulted in the recognition of a gold stream asset valued at $11.7 million as of June 30, 2026. For the six months ended June 30, 2026, the company reported net income of $110.9 million ($1.03 per share) and held $81.5 million in cash. On July 20, 2026, Seabridge secured a US$100 million unsecured loan facility to fund KSM Project development. The British Columbia Supreme Court ordered the reconsideration of the project's substantially started determination following a legal challenge by the Tsetsaut Skii km Lax Ha First Nation. Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties with an emphasis on gold resources.