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Seabridge Gold (NYSE: SA) arranges US$100M loan to fund KSM work

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Seabridge Gold Inc. executed an unsecured, short‑term loan agreement with a strategic investor for up to US$100 million. The loan is drawable at the company’s election in minimum tranches of US$10 million, bears interest at 7% per annum compounded monthly, and has interest capitalized until maturity on December 31, 2026.

The loan may be repaid in cash at any time or, in certain circumstances and subject to TSX approval, in Seabridge common shares at maturity, at the company’s option. No amounts are currently drawn. Seabridge states that the facility is intended to support ongoing 2026 work programs at its 100%-owned KSM Project, including road construction and data collection for feasibility-level design and engineering, and to strengthen its consolidated liquidity position.

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Loan facility size US$100 million Maximum principal under unsecured short-term loan agreement
Interest rate 7% per annum Interest on loan, compounded monthly and capitalized
Minimum draw size US$10 million Minimum amount per draw at the company’s election
Maturity date December 31, 2026 Loan maturity for principal and capitalized interest
Date of material change July 20, 2026 Date identified in the material change report
KSM ownership 100% Company’s interest in the KSM Project in British Columbia
short-term loan agreement financial
"has executed an unsecured, short-term loan agreement (the "Loan")"
compounded monthly financial
"has an interest rate of 7% compounded monthly, and is capitalized"
feasibility level design and engineering technical
"required to support KSM's feasibility level design and engineering activities"
consolidated liquidity position financial
"intends to draw on the Loan, if required, to strengthen its consolidated liquidity position"

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FAQ

What financing did Seabridge Gold (SA) arrange in July 2026?
Seabridge Gold arranged an unsecured, short-term loan facility of up to US$100 million with a strategic investor. It is drawable in US$10 million minimum tranches, bears 7% interest compounded monthly, and matures on December 31, 2026.

What are the key terms of Seabridge Gold’s (SA) new US$100M loan?
The loan has a US$100 million maximum, 7% per annum interest compounded monthly, capitalized to maturity on December 31, 2026. It is drawable at Seabridge’s election in minimum US$10 million calls and includes customary conditions, representations, warranties and covenants.

How can Seabridge Gold (SA) repay the new loan facility?
Seabridge may repay the loan in cash at any time or, in certain circumstances and subject to TSX approval, in common shares if still outstanding at maturity. The repayment form is at the company’s option under those conditions.

What is the purpose of Seabridge Gold’s (SA) US$100M loan facility?
Seabridge indicates the loan will support ongoing 2026 work programs at its 100% owned KSM Project, including road construction and technical data collection, and may be drawn, if required, to strengthen its consolidated liquidity position.

Has Seabridge Gold (SA) drawn any funds under the new loan agreement?
As disclosed, no amounts are currently drawn under the loan agreement. The facility is drawable at Seabridge’s election in minimum US$10 million tranches and is intended to be used if required to bolster liquidity and fund KSM work programs.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number 1-32135

SEABRIDGE GOLD INC.
(Name of Registrant)

106 Front Street East, Suite 400, Toronto, Ontario, Canada M5A 1E1
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [   ]          Form 40-F [X]

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Seabridge Gold Inc.
  (Registrant)
     
  By:  /s/ Gregory Martin
  Name: Gregory Martin
  Title: Chief Financial Officer
     
     
Date: July 21, 2026    

EXHIBITS

Exhibit   Description
   
99.1   Material Change Report dated July 21, 2026.

FORM 51-102F3
MATERIAL CHANGE REPORT

Item 1: Name and Address of Company

Seabridge Gold Inc. ("Seabridge" or the "Company")
Suite 400 - 106 Front Street East
Toronto, ON M5A 1E1

Item 2: Date of Material Change

July 20, 2026

Item 3: News Release

The news release announcing the material change referred to in this report was disseminated on July 20, 2026 through Newsfile/TSX and a copy has been filed under Seabridge's profile on SEDAR+.

Item 4: Summary of Material Change

The Company announced that it has executed an unsecured, short-term loan agreement (the "Loan") with a strategic investor for up to US$100 million. The Loan bears interest at a rate of 7% per annum and matures on December 31, 2026. The Loan is repayable either in cash at any time or, in certain circumstances, on maturity in common shares of the Company, at the Company's option.

Item 5:

5.1 Full Description of Material Change

Please see the news release attached as Schedule "A".

5.2 Disclosure for Restructuring Transaction

Not applicable.

Item 6: Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

Item 7: Omitted Information

Not applicable.

Item 8: Executive Officer

For further information, please contact Rudi Fronk, Chair and Chief Executive Officer of Seabridge, at (416) 367-9292.

Item 9: Date of Report

July 21, 2026

     
Rudi Fronk, Chair & CEO      

Schedule A

 

 

 

 

 

News Release

Trading Symbols: TSX: SEA For Immediate Release
  NYSE: SA July 20, 2026

Seabridge Gold Arranges US$100M Credit Facility

to Support Ongoing Activities at KSM

Toronto, Canada - Seabridge Gold Inc. ("Seabridge" or the "Company") (TSX:SEA) (NYSE:SA) has executed an unsecured, short-term loan agreement (the "Loan") with a strategic investor for up to US$100 million.

Seabridge Chair and CEO Rudi Fronk commented: "We are pleased to secure financing to support the significant investments we are making in our summer season work programs at our 100% owned KSM Project. Our 2026 work programs at KSM include building of roads to provide improved access to future infrastructure areas and the collection of geotechnical, metallurgical and environmental data from drilling, test pitting and sampling required to support KSM's feasibility level design and engineering activities."

The Loan is drawable at the Company's election in minimum calls of US$10 million each, has an interest rate of 7% compounded monthly, and is capitalized and matures on December 31, 2026. The Loan is repayable either in cash at any time or, in certain circumstances and subject to TSX approval, in common shares of Seabridge if outstanding at maturity, at the Company's option. The Loan includes customary conditions, representations, warranties and covenants. The Company intends to draw on the Loan, if required, to strengthen its consolidated liquidity position. No amounts are currently drawn on the Loan.

About Seabridge Gold

Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Snowstorm in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and mineral resources is available at www.seabridgegold.com.

Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

  ON BEHALF OF THE BOARD
  "Rudi Fronk"
  Chair & CEO

For further information please contact:

Rudi P. Fronk, Chair and CEO

Tel: (416) 367-9292 • Fax: (416) 367-2711

Email: info@seabridgegold.com

106 Front Street East, Suite 400, Toronto, ON M5A 1E1, Canada

416-367-9292 www.seabridgegold.com

Source: View Original Filing on SEC EDGAR

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