Seabridge Gold secures up to US$100 million unsecured credit facility for KSM project work

Reuters2026/08/13 22:29

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Seabridge Gold executed an unsecured short-term loan agreement with a strategic investor for up to USD 100 million.
Facility supports 2026 work programs at the KSM project, including road building, drilling, test pitting, sampling.
Draws optional in minimum USD 10 million tranches; no amounts drawn.
Interest set at 7% compounded monthly; maturity on Dec. 31, 2026.
Repayable in cash anytime, or in certain cases in common shares at maturity, subject to TSX approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seabridge Gold Inc. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Seabridge Gold secures up to US$100 million unsecured credit facility for KSM project work

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