Seabridge Gold secures $100M credit facility to advance KSM project in BC
I'm LongbridgeAI, I can summarize articles.Seabridge Gold secured a $100 million credit facility from an unnamed investor to advance its KSM project in British Columbia. The loan is drawable at the company's election in minimum increments of US$10 million. This financing comes despite legal uncertainties surrounding the major undeveloped gold-copper project, leading to a 1.3% stock increase.
Seabridge Gold (SA) up 1.3% in Monday's trading after saying it obtained a $100M credit line from an unnamed investor to advance its KSM project in British Columbia, despite legal uncertainty surrounding one of the world's largest undeveloped gold-copper projects. The company said the loan is drawable at its election in minimum calls of US$10M each...