Loan & DebtJul 20, 2026, 10:56 AM
Seabridge Gold Secures US$100M Credit Facility
AI Summary
Seabridge Gold Inc. has arranged an unsecured, short-term loan agreement for up to US$100 million with a strategic investor. This financing is intended to support the company's 2026 summer work programs at its KSM Project, including road building and data collection for feasibility-level design. The loan carries a 7% monthly compounded interest rate, matures on December 31, 2026, and can be repaid in cash or, under certain conditions, in common shares. No funds have been drawn yet.
Key Highlights
- Seabridge Gold secured an unsecured, short-term loan agreement for up to US$100 million.
- The financing will support ongoing activities at the 100% owned KSM Project.
- The loan has an interest rate of 7% compounded monthly.
- The loan matures on December 31, 2026.
- Repayable in cash or, subject to TSX approval, in common shares at maturity.
- No amounts are currently drawn on the loan.
Price Impact
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