Seabridge Gold secures up to US$100 million unsecured credit facility for KSM project work
SA•Unsecured credit facility for KSM activities
Seabridge Gold executed an unsecured short-term loan agreement with a strategic investor for up to US$100 million to support KSM activities.
- Facility is drawable at the company’s option in minimum US$10 million tranches.
- Interest rate is 7%, compounded monthly; maturity is Dec. 31, 2026.
- The loan is repayable in cash at any time and may be repaid in common shares at maturity in certain cases, subject to TSX approval.
- No amounts have been drawn.
- Proceeds may be used to bolster liquidity during 2026 KSM work programs.
