Seabridge Gold Secures $100M Financing for KSM Project Advancement

Seabridge Gold ( (TSE:SEA) ) has issued an announcement.

Seabridge Gold has closed a US$100 million financing deal, including US$20 million from a strategic investor, to fund its KSM project and other corporate activities. This funding will enable the company to maintain its priority status with BC Hydro for low-cost green energy, complete necessary field data collection, and undertake engineering evaluations with prospective joint-venture partners for the project’s bankable feasibility study.

More about Seabridge Gold

Seabridge Gold Inc. operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is primarily engaged in advancing its KSM project located in northeast British Columbia, Canada, which is noted for its potential in gold-copper mining.

YTD Price Performance: -2.33%

Average Trading Volume: 630,501

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.08B

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