AGÕæÈ˹ٷ½

STOCK TITAN

Seabridge Gold's KSM Project Petitions Proceedings Update: Detailed Submissions Have Been Filed; One Petitioner Has Withdrawn

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Negative)
Tags

Seabridge Gold (NYSE: SA) provided an update on the legal proceedings regarding its KSM project's Substantially Started Designation (SSD). The company has filed detailed written submissions defending the Environmental Assessment Office's (EAO) decision that granted the SSD status in July 2024.

The submissions argue for the adequacy of consultation, procedural fairness, and reasonableness of the SSD decision. Notably, Southeast Alaska Indigenous Transboundary Commission, one of the two original petitioners, has withdrawn from the proceedings. The court hearing is scheduled for September 22 to October 1, 2025.

Seabridge Gold (NYSE: SA) ha aggiornato lo stato delle procedure legali relative alla Designazione di Avvio Sostanziale (SSD) del suo progetto KSM. La società ha depositato memorie dettagliate a sostegno della decisione dell'Environmental Assessment Office (EAO), che ha concesso lo status SSD a luglio 2024.

Le memorie difendono la correttezza della consultazione, l'equità procedurale e la ragionevolezza della decisione SSD. Da notare che la Southeast Alaska Indigenous Transboundary Commission, uno dei due ricorrenti originari, si è ritirata dal procedimento. L'udienza in tribunale è fissata dal 22 settembre al 1° ottobre 2025.

Seabridge Gold (NYSE: SA) informó sobre el avance de los procedimientos legales relativos a la Designación de Inicio Sustancial (SSD) de su proyecto KSM. La empresa presentó escritos detallados en defensa de la decisión de la Environmental Assessment Office (EAO), que otorgó la condición de SSD en julio de 2024.

Los escritos sostienen la adecuación de las consultas, la imparcialidad procesal y la razonabilidad de la decisión SSD. Cabe destacar que la Southeast Alaska Indigenous Transboundary Commission, uno de los dos demandantes originales, se ha retirado del proceso. La audiencia judicial está programada del 22 de septiembre al 1 de octubre de 2025.

Seabridge Gold (NYSE: SA)ëŠ� KSM 프로ì íЏì� 실질ì � 착수 ì§€ì �(SSD)ì� 둘러ì‹� ë²•ì  ì ˆì°¨ ì§„í–‰ ìƒí™©ì� ì—…ë°ì´íŠ¸í–ˆìŠµë‹ˆë‹¤. 회사ëŠ� 2024ë…� 7ì›� SSD ì§€ì •ì„ ìŠ¹ì¸í•� Environmental Assessment Office (EAO)ì� ê²°ì •ì� 옹호하는 ìƒì„¸í•� 서면 제출ì� 했습니다.

제출서류ëŠ� 협ì˜ì� ì ì ˆì„�, 절차ì � 공정ì„� ë°� SSD ê²°ì •ì� í•©ë¦¬ì„±ì„ ì£¼ìž¥í•©ë‹ˆë‹�. ì›ëž˜ ì²­ì›ì� ë‘� 단체 ì¤� 하나ì� Southeast Alaska Indigenous Transboundary CommissionëŠ� 소송ì—서 철회했습니다. 법정 심리ëŠ� 2025ë…� 9ì›� 22ì¼~10ì›� 1ì�ì—� 예정ë˜ì–´ 있습니다.

Seabridge Gold (NYSE: SA) a communiqué une mise à jour sur les procédures juridiques concernant la Désignation de Démarrage Substantiel (SSD) de son projet KSM. La société a déposé des observations écrites détaillées en défense de la décision de l'Environmental Assessment Office (EAO) ayant accordé le statut SSD en juillet 2024.

Ces écritures soutiennent la pertinence des consultations, l'équité procédurale et la raisonnabilité de la décision SSD. Il est à noter que la Southeast Alaska Indigenous Transboundary Commission, l'un des deux requérants initiaux, s'est retirée de la procédure. L'audience est prévue du 22 septembre au 1er octobre 2025.

Seabridge Gold (NYSE: SA) hat ein Update zu den rechtlichen Verfahren in Bezug auf die Substantially Started Designation (SSD) seines KSM-Projekts veröffentlicht. Das Unternehmen hat ausführliche schriftliche Eingaben eingereicht, die die Entscheidung des Environmental Assessment Office (EAO), die SSD im Juli 2024 zu gewähren, verteidigen.

Die Eingaben begründen die Angemessenheit der Konsultationen, die Verfahrensfairness und die Rechtmäßigkeit der SSD-Entscheidung. Auffällig ist, dass die Southeast Alaska Indigenous Transboundary Commission, einer der beiden ursprünglichen Antragsteller, sich aus dem Verfahren zurückgezogen hat. Die Gerichtsverhandlung ist für den 22. September bis 1. Oktober 2025 angesetzt.

Positive
  • Southeast Alaska Indigenous Transboundary Commission has withdrawn their petition
  • BC Government filed supporting written submissions alongside Seabridge
  • SSD status remains in effect during legal proceedings
Negative
  • Ongoing legal challenges to the project's Environmental Assessment Certificate
  • Potential delays due to legal proceedings

Insights

Seabridge's KSM project retains its crucial 'Substantially Started' status despite ongoing legal challenges, with one petitioner now withdrawing.

Seabridge Gold has filed detailed submissions defending its Substantially Started Designation (SSD) for the KSM project against legal challenges initiated in 2024. This SSD determination, made by British Columbia's Environmental Assessment Office (EAO) on July 29, 2024, is critically important as it prevents the project's Environmental Assessment Certificate from expiring - effectively preserving the regulatory foundation for this major mining development.

The company's defense rests on three key arguments: (1) sufficient consultation occurred, (2) procedural fairness was maintained by the EAO, and (3) the SSD decision itself was reasonable. Additionally, Seabridge is challenging whether SkeenaWild Conservation Trust has proper standing to bring their petition. The British Columbia government has also filed submissions supporting these positions.

A significant development is that the Southeast Alaska Indigenous Transboundary Commission has withdrawn from the proceedings as a petitioner, potentially strengthening Seabridge's position. This withdrawal reduces opposition and may signal weakening resistance to the project's advancement.

The upcoming court hearing (September 22-October 1, 2025) represents a critical juncture, but importantly, the SSD designation remains in effect during these proceedings. This allows Seabridge to maintain its development timeline while the legal process unfolds. CEO Rudi Fronk's expressed confidence suggests the company believes its position is legally sound, though regulatory challenges are inherently unpredictable.

The outcome will determine whether KSM - one of the world's largest undeveloped gold/copper projects - can continue advancing without facing renewed environmental assessment hurdles that could significantly delay or complicate development.

Toronto, Ontario--(Newsfile Corp. - September 9, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") provided an update today on the next phase of the proceedings relating to the Petitions commenced in late 2024, challenging the British Columbia Environmental Assessment Office's ("EAO") decision granting Seabridge Gold's KSM project Substantially Started Designation ("SSD"). On July 29, 2024, the EAO determined that Seabridge's KSM project had been substantially started, ensuring that the project's Environmental Assessment Certificate is no longer subject to expiry.

Seabridge's written submissions have been filed, which expand on the Responses Seabridge filed in May 2025. The submissions set forth, detail our arguments regarding the sufficiency of the consultation and the observance of procedural fairness by the EAO in its process for making the SSD and that the granting of the SSD was not unreasonable. Seabridge is also arguing that SkeenaWild Conservation Trust does not have standing and its Petition should be dismissed. The BC Government also filed its written submissions on these matters concurrently with our filing. The Petitions, the Responses from Seabridge and the BC Government, the most recent written submissions by all parties and our related news releases can be found . The parties have scheduled the period from September 22 to October 1, 2025 for the court hearing.

Seabridge CEO Rudi Fronk stated, "We believe the arguments against the allegations in the Petitions are compelling. I continue to have confidence in the strength of our position against the Petitions and hope for a speedy decision by the Court. While this legal process continues, the SSD remains in effect."

In addition, in recent weeks the Southeast Alaska Indigenous Transboundary Commission, one of the two Petitioners who brought the second Petition challenging the SSD, has withdrawn from the proceedings.

About Seabridge Gold

Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at .

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"
Chairman & C.E.O.

 

For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: [email protected]

To view the source version of this press release, please visit

FAQ

What is the current status of Seabridge Gold's (NYSE: SA) KSM project legal proceedings?

Seabridge has filed detailed written submissions defending the EAO's Substantially Started Designation, with court hearings scheduled for September 22 to October 1, 2025. One petitioner has withdrawn from the proceedings.

When did Seabridge Gold (SA) receive the Substantially Started Designation for KSM?

The Environmental Assessment Office (EAO) determined that Seabridge's KSM project was substantially started on July 29, 2024, preventing the Environmental Assessment Certificate from expiring.

Who has withdrawn from the petition against Seabridge Gold's KSM project?

The Southeast Alaska Indigenous Transboundary Commission, one of the two petitioners in the second Petition, has withdrawn from the proceedings.

What are the main arguments in Seabridge Gold's (SA) defense of the KSM project designation?

Seabridge argues for the sufficiency of consultation, observance of procedural fairness by the EAO, and reasonableness of the SSD decision. They also contend that SkeenaWild Conservation Trust lacks standing.

When will the court hearing for Seabridge Gold's KSM project take place?

The court hearing is scheduled for the period from September 22 to October 1, 2025.
Seabridge

NYSE:SA

SA Rankings

SA Latest News

SA Latest SEC Filings

SA Stock Data

1.81B
87.33M
2.51%
57.38%
5.27%
Gold
Basic Materials
Canada
Toronto