Seabridge Gold (TSE:SEA) has released an update.
Seabridge Gold Inc. has achieved a significant milestone for its KSM Project, receiving a ‘substantially started’ designation from the British Columbia government, which ensures the project’s Environmental Assessment Certificate remains valid for its entire lifespan. This development comes after KSM Co., a Seabridge subsidiary, invested over $1 billion since 2001, with more than $800 million allocated post-EAC issuance in 2014 to advance the project. The project was at risk of EAC expiration if not substantially started by July 29, 2026, but this designation officially secures its status.
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