Seabridge Gold

Impact: The decision to delay permits for its Mitchell Treaty Tunnels (MTT) directly impacts Seabridge Gold's KSM Project, creating uncertainty and potential delays in its development.

Impact: Seabridge Gold released its 2025 Sustainability Report, highlighting strong ESG performance, which could positively influence investor perception and long-term sustainability credentials for its projects.

Impact: Seabridge Gold secured a US$100 million loan facility to fund its KSM project work programs, improving its liquidity and project development prospects.

Impact: Seabridge Gold Inc., through its subsidiary KSM Mining, is involved in a land use conflict with Tudor Gold over the proposed Mitchell Treaty Twin Tunnels, which would pass through Tudor Gold's Treaty Creek Project. Its permit application has been stalled due to legal uncertainty.