Seabridge Gold secures up to US$100 million unsecured credit facility for KSM project work
SA•Terms of the facility
Draws are optional in minimum USD 10 million tranches, and no amounts have been drawn.
Interest is set at 7% compounded monthly, with maturity on Dec. 31, 2026.
The facility is repayable in cash at any time, or in certain cases in common shares at maturity, subject to TSX approval.
Credit facility secured for KSM work programs
Seabridge Gold executed an unsecured short-term loan agreement with a strategic investor for up to USD 100 million.
The facility supports 2026 work programs at the KSM project, including road building, drilling, test pitting, and sampling.
