Seabridge Gold Arranges US$100M Credit Facility

Seabridge Gold Inc. has secured a US$100 million unsecured, short-term loan agreement with a strategic investor to support its summer work programs at the KSM Project. The loan, which carries a 7% interest rate compounded monthly, is repayable by December 31, 2026, either in cash or, under certain conditions and with TSX approval, in common shares of Seabridge. The company intends to draw on the loan to bolster its liquidity, though no amounts have been drawn as of the filing date. The funds will support activities such as road construction and data collection for KSM's feasibility studies.