Seabridge Gold secures US$100M loan facility
Seabridge Gold Inc. executed an unsecured, short‑term loan agreement with a strategic investor for up to US$100 million.
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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.
Key Figures
Key Terms
short-term loan agreement financial
compounded monthly financial
feasibility level design and engineering technical
consolidated liquidity position financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financing did Seabridge Gold (SA) arrange in July 2026?
What are the key terms of Seabridge Gold’s (SA) new US$100M loan?
How can Seabridge Gold (SA) repay the new loan facility?
What is the purpose of Seabridge Gold’s (SA) US$100M loan facility?
Has Seabridge Gold (SA) drawn any funds under the new loan agreement?
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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