Toronto, Ontario–(Newsfile Corp. – January 24, 2025) – Seabridge Gold Inc . (TSX: TSX:) (NYSE: SA) (the “Company” or “Seabridge“) introduced at the moment that it has entered right into a Managed Fairness ProvidingSM Gross sales Settlement dated January 24, 2025 (the “Sales Agreement“) with Cantor Fitzgerald & Co. (the “Lead Agent“) and RBC Capital Markets, LLC. (along with the Lead Agent, the “Agents“). Pursuant to the Gross sales Settlement, the Firm can be entitled, at its discretion and from time-to-time throughout the time period of the Gross sales Settlement, to promote, by means of the Lead Agent, such variety of widespread shares of the Firm (the “Common Shares“) that may end in mixture gross proceeds to the Firm of as much as US$100 million (the “Offering” or “A™ Facility“). Gross sales of the Frequent Shares, if any, can be made in “at the market distributions”, as outlined in Nationwide Instrument 44-102 – Shelf Distributions, immediately on the New York Inventory Change (“NYSE“) or on every other current buying and selling market in the USA. No affords or gross sales of Frequent Shares can be made in Canada by means of the services of the Toronto Inventory Change or different buying and selling markets.
This system will be in impact till Seabridge’s present US$750 million Shelf Registration Assertion expires in February 2027. Web proceeds from the A™ Facility, if any, could also be used to advance non-flow by means of eligible exploration and development of the Firm’s tasks, potential future acquisitions, and for working capital and basic company functions.
Seabridge Chairman and CEO Rudi Fronk famous that the Firm has had related A™ services in place for a few years. “This agreement replaces a previous agreement which has lapsed. We have found that our A™ programs in the past have provided us with considerable flexibility to raise funds on an efficient basis, when needed. Any share issuance under the A™ is fully disclosed in our financial statements.”
The Providing can be made by means of a prospectus complement dated January 24, 2025 (the “Prospectus Supplement“) to the Firm’s current Canadian brief type base shelf prospectus and U.S. registration assertion on Type F-10 dated January 17, 2025 (collectively the “Offering Documents“). The Prospectus Complement can be filed with Securities Commissions in Canada and the U.S. Securities and Change Fee (the “SEC“). The Providing Paperwork will include essential detailed details about the securities being provided. Earlier than you make investments, you need to learn the Providing Paperwork, and the paperwork integrated therein for extra full details about the Firm and the Providing. Copies of the Gross sales Settlement and the Providing Paperwork can be accessible without spending a dime by visiting the Firm’s profiles on the SEDAR+ web site maintained by the Canadian Securities Directors at https://www.sedarplus.ca or the SEC’s web site at www.sec.gov, as relevant.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase securities, nor will there be any sale of the securities in any jurisdiction wherein such supply, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of any such jurisdiction.
About Seabridge Gold (NYSE:)
Seabridge holds a 100% curiosity in a number of North American gold tasks. Seabridge’s principal asset, the KSM undertaking, and its Iskut undertaking, are positioned in Northwest British Columbia, Canada’s “Golden Triangle”, the Brave Lake undertaking is positioned in Canada’s Northwest Territories, the Snowstorm undertaking within the Getchell Gold Belt of Northern Nevada and the three Aces undertaking is about within the Yukon Territory. For a full breakdown of Seabridge’s Mineral Reserves and Mineral Sources by class please go to the Firm’s web site at http://www.seabridgegold.com.
Neither the Toronto Inventory Change, New York Inventory Change, nor their Regulation Providers Suppliers accepts duty for the adequacy or accuracy of this launch.
Ahead-Wanting Statements
This information launch comprises forward-looking statements throughout the that means of the USA Non-public Securities Litigation Reform Act of 1995 and forward-looking info throughout the that means of Canadian securities legal guidelines (collectively, “forward-looking statements”). Such forward-looking statements embrace, however should not restricted to, statements relating to the anticipated providing of Frequent Shares beneath the A™ Facility, the proceeds from gross sales beneath the A™ Facility, the anticipated use of proceeds from such gross sales and the Firm’s financing choices. Ahead-Wanting statements are statements that aren’t historic info and are typically, however not at all times, recognized by phrases similar to the next: expects, plans, goals, anticipates, believes, intends, estimates, tasks, assumes, potential and related expressions, and being estimates, useful resource and reserve estimates are additionally forward-looking statements. Ahead-Wanting statements additionally embrace reference to occasions or situations that may, would, could, may or ought to happen, together with in relation to using proceeds from the providing. These forward-looking statements are essentially based mostly upon a variety of estimates and assumptions that, whereas thought-about cheap on the time they’re made, are inherently topic to a wide range of dangers and uncertainties which may trigger precise occasions or outcomes to vary materially from these mirrored within the forward-looking statements, together with, with out limitation: uncertainties associated to elevating adequate financing to fund the deliberate work in a well timed method and on acceptable phrases; modifications in deliberate work ensuing from logistical, technical or different elements; the chance that outcomes of labor is not going to fulfill projections/expectations and understand the perceived potential of the Firm’s tasks; uncertainties concerned within the interpretation of drilling outcomes and different exams and the estimation of gold reserves and assets; threat of accidents, gear breakdowns and labour disputes or different unanticipated difficulties or interruptions; the potential for environmental points on the Firm’s tasks; the potential for price overruns or unanticipated bills in work applications; the necessity to get hold of permits and adjust to environmental legal guidelines and rules and different authorities necessities; fluctuations within the value of gold and different dangers and uncertainties, together with these described within the Firm’s December 31, 2023 Annual Data Type filed with SEDAR in Canada (accessible at www.sedarplus.ca) and the Firm’s Annual Report Type 40-F filed with the SEC on EDGAR (accessible at www.sec.gov/edgar.shtml).
ON BEHALF OF THE BOARD
“Rudi Fronk”
Chairman and CEO
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/238400
