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Seabridge Gold (NYSE: SA) secures US$100M loan for KSM project work

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Seabridge Gold Inc. arranged an unsecured, short-term loan facility with a strategic investor for up to US$100 million to support ongoing work at its 100% owned KSM Project. The facility is drawable at the company’s election in minimum tranches of US$10 million.

The loan bears interest at 7%, compounded monthly and capitalized, and matures on December 31, 2026. It may be repaid in cash at any time or, in certain circumstances and subject to TSX approval, in Seabridge common shares if still outstanding at maturity. No amounts are currently drawn; the company indicates it may use the facility to strengthen consolidated liquidity while funding KSM road construction and data collection for feasibility-level design and engineering.

Positive

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Credit facility size US$100 million Maximum principal under unsecured, short-term loan
Minimum draw size US$10 million Each draw at the company’s election must be at least this amount
Interest rate 7% Loan interest rate, compounded monthly and capitalized
Maturity date December 31, 2026 Stated maturity of the unsecured loan
KSM Project ownership 100% Company’s interest in the KSM Project in British Columbia
unsecured, short-term loan agreement financial
"has executed an unsecured, short-term loan agreement with a strategic investor"
strategic investor financial
"loan agreement with a strategic investor for up to US$100 million"
A strategic investor is an individual or organization that invests in a company with the goal of building a long-term relationship rather than just making quick profits. They often have a specific interest in how the company operates or how it fits into their broader business plans, much like a partner working closely with a friend to achieve mutual goals. Their involvement can influence the company's direction and stability, making their presence important to other investors.
feasibility level design and engineering technical
"data required to support KSM's feasibility level design and engineering activities"
geotechnical, metallurgical and environmental data technical
"collection of geotechnical, metallurgical and environmental data from drilling"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What credit facility did Seabridge Gold (SA) arrange and for how much?
Seabridge Gold arranged an unsecured, short-term loan facility of up to US$100 million. The company plans to use it to support ongoing work programs at its 100% owned KSM Project, including road construction and data collection for feasibility-level design and engineering activities.

What are the key terms of Seabridge Gold (SA)'s new loan?
The loan carries 7% interest, compounded monthly and capitalized, and matures on December 31, 2026. It is drawable at Seabridge’s election in minimum tranches of US$10 million, providing flexibility to access funds as needed for project and liquidity needs.

Can Seabridge Gold (SA) repay the new US$100M loan in shares?
Yes. The loan is repayable in cash at any time or, in certain circumstances and subject to TSX approval, in Seabridge common shares if outstanding at maturity. The choice between cash or shares at maturity rests with the company, within those constraints.

Has Seabridge Gold (SA) drawn any funds under the US$100M facility?
No funds have been drawn under the facility; the outstanding balance is currently US$0. Seabridge states it intends to draw on the loan, if required, to strengthen its consolidated liquidity while advancing its KSM work programs and related activities.

How will the US$100M facility support Seabridge Gold (SA)'s KSM Project?
The facility is intended to support 2026 work programs at KSM, including building roads for better access to future infrastructure areas and collecting geotechnical, metallurgical and environmental data. This information supports KSM’s feasibility-level design and engineering work and related project planning.

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 20, 2026    

EXHIBITS

Exhibit   Description
   
99.1   News Release dated July 20, 2026

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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