21 January 2026
Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (“Seabridge” or the “Company”) provides an update further to its announcement on December 16th, 2025 regarding the Company’s intention to spin out its 100% interest in the Courageous Lake gold project located in the Northwest Territories, Canada.
Seabridge is advancing a structure whereby all the shares in Valor Gold Corp. (“Valor”), the spin-out entity, would be distributed to Seabridge shareholders pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. At this time, a meeting of Seabridge shareholders to approve the spin-out is expected to be held in June 2026.