SEABRIDGE GOLD INC

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.

Seabridge Gold Inc. announced the results of its annual general meeting of shareholders held on June 24, 2026. All matters presented for approval were duly authorized and approved, including the election of all management's nominees to the board of directors and the appointment of KPMG LLP as auditor. Shareholders also approved the authorization for directors to fix auditor remuneration and, on an advisory basis, the company's approach to executive compensation.

Seabridge Gold Inc. released its 2025 Sustainability Report, detailing comprehensive environmental, social, and governance (ESG) performance across its North American gold and copper projects. The report highlights significant achievements, including a Total Recordable Incident Frequency of 0.73, zero reportable spills, and zero major environmental non-compliances. The company also advanced its KSM Project with the Treaty Creek Terminal and made substantial progress in reclamation at the Johnny Mountain Mine. Socially, Seabridge deepened community partnerships, awarding $50,000 in bursaries and directing 71% of procurement to local communities, while also noting strong female representation in its workforce and board.

Seabridge Gold Inc. announced the closing of its previously announced spin-out transaction of Valor Gold Corp. effective June 3, 2026. The transaction involved transferring Seabridge's 100% interest in the Courageous Lake gold project to Valor. Shareholders received new Seabridge shares and Valor shares in exchange for their existing Seabridge shares. Trading of old Seabridge shares is expected to be suspended on June 4, 2026, with new Seabridge shares and Valor shares listing on June 5, 2026.

Seabridge Gold announced that its KSM Project has received recognition from the Smithers business community, highlighting the team's dedication to responsible advancement. The KSM Project has also been designated as a provincial priority project, reinforcing its importance to regional communities and Canada's role as a critical minerals supplier. To date, Seabridge Gold has invested over $1.2 billion in the project, emphasizing its commitment to local community development and high environmental and social responsibility standards.

Seabridge Gold Inc. shareholders approved a special resolution for an arrangement with Valor Gold Corp. Under this arrangement, Seabridge Gold and its shareholders will receive shares of Valor. Additionally, shareholders approved an ordinary resolution for Valor's proposed restricted share unit and deferred share unit plan. Both resolutions passed with overwhelming support at the Special Meeting held on May 22, 2026.

Seabridge Gold Inc. announced that shareholders overwhelmingly approved the special resolution for the Courageous Lake spin-out, with 99.76% of votes in favor. The arrangement involves transferring the Courageous Lake gold project to Valor Gold Corp., which is expected to become a separately listed issuer. Seabridge shareholders will receive one Valor Share for every approximately 1.957 Seabridge shares held. The transaction is anticipated to be completed on or about June 3, 2026, pending British Columbia Supreme Court approval.

Seabridge Gold Inc. announced plans to spin out its Courageous Lake Project into a new public company, Valor Gold Corp., with existing shareholders receiving 100% ownership. This transaction is expected to complete before the June 24, 2026 Annual General Meeting, conditional on Valor Gold's TSX listing. The company also reported significant progress on the KSM Project, advancing towards a partnership with a preferred candidate in 2026, and announced a maiden mineral resource estimate for the Snip North deposit following successful 2025 drilling. Additionally, Greg Martin was appointed as the new CFO, succeeding Chris Reynolds, and the company's share price rose 148.1% in 2025.

Seabridge Gold reported a net loss of $6.6 million ($0.06 per share) for the first quarter of 2026, a shift from a net profit of $10.6 million in the same period last year, primarily due to non-cash revaluation movements on secured notes and increased corporate expenses. The company invested $22.3 million in mineral interests, property, and equipment, largely driven by increased activity at its KSM Project. Seabridge's working capital improved to $131.3 million, bolstered by raising $35.8 million through its ATM program. Additionally, the company updated KSM mineral resources, reported a maiden mineral resource for the Snip North deposit, and set a meeting date to approve the Courageous Lake spin-out.

Seabridge Gold reported a net loss of $6.65 million for Q1 2026, or $(0.06) per basic share, a decline from a net income of $10.55 million in Q1 2025. Total comprehensive income, however, increased significantly to $31.33 million from $6.42 million year-over-year. The company advanced the spin-out of its Courageous Lake Gold Project and updated the KSM Project's mineral resource estimate, which saw increases in gold and copper. Subsequent to quarter-end, the KSM Project was designated a provincial priority project, and secured note agreements were amended.