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Seabridge Gold ( (TSE:SEA) ) has shared an announcement.
Seabridge Gold plans to spin out its 100% interest in the Courageous Lake gold project into a new company, Valor Gold Corp., with all Valor shares to be distributed to Seabridge shareholders via a court-approved plan of arrangement, subject to a shareholder vote expected in June 2026. Valor intends to list on the Toronto Stock Exchange and the OTCQB Venture Market, with trading targeted to begin by the end of the second quarter of 2026, and will be capitalized with C$10 million in cash to fund work programs and corporate overhead, while being led by veteran mining executive Mark J. Ashley as CEO. The move is designed to give dedicated management and capital to one of Canada’s largest undeveloped gold projects, which hosts 11.0 million ounces of measured and indicated gold resources plus 3.3 million ounces inferred, including 2.8 million ounces of proven and probable reserves, potentially enhancing value for Seabridge shareholders by allowing Courageous Lake’s scale and exploration upside to be pursued independently of Seabridge’s flagship KSM project.
The most recent analyst rating on (TSE:SEA) stock is a Hold with a C$46.00 price target. To see the full list of analyst forecasts on Seabridge Gold stock, see the TSE:SEA Stock Forecast page.
Spark’s Take on TSE:SEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SEA is a Neutral.
Score is held back primarily by weak financial performance (no revenue, persistent losses, and sizable negative free cash flow), despite a supportive technical uptrend and generally positive project-development/news flow that is tempered by legal risk.
To see Spark’s full report on TSE:SEA stock, click here.
More about Seabridge Gold
Seabridge Gold is a Canadian precious metals exploration and development company focused on advancing large-scale gold projects, including the KSM project in British Columbia and the Courageous Lake gold project in the Northwest Territories. The company’s strategy centers on discovering and developing substantial gold resources and then unlocking value for shareholders through project advancement, partnerships, or corporate transactions such as spin-outs.
Average Trading Volume: 168,011
Technical Sentiment Signal: Buy
Current Market Cap: C$4.66B
See more data about SEA stock on TipRanks’ Stock Analysis page.