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Tunnel Authorizations for Seabridge's KSM Project Challenged Again by Tudor Gold
Toronto, Ontario--(Newsfile Corp. - October 3, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ...
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[{"type":"text","content":"Tunnel Authorizations for Seabridge's KSM Project Challenged Again by Tudor GoldToronto, Ontario--(Newsfile Corp. - October 3, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (\"Seabridge\" or the \"Company\") announced today that Tudor Gold Corp. (\"Tudor\") has filed a Notice of Civil Claim (the \"Action\") in the Supreme Court of British Columbia against the Province of British Columbia (the \"Province\") principally challenging the legal effect of the conditional mineral reserve (the \"Reserve\") requiring Tudor not to \"obstruct, endanger or interfere with, the construction, operation or maintenance of\" the KSM Project's Mitchell Treaty Tunnels (\"MTT\"). The Action also alleges misrepresentation by the Province in respect of the Tudor's rights as mineral claims holder, that the Reserve amounts to an expropriation by the Province of Tudor's mineral claims through which the Reserve passes (the \"Treaty Project Claims\"), and that the Province does not have the authority to grant Seabridge rights to use areas within the Treaty Project Claims, amongst other things. Tudor's claim that the Reserve amounts to expropriation is based on Tudor's statement that the MTT would sterilize the presumed economic benefits of the Treaty Project Claims. Tudor is principally seeking a court declaration that the Reserve doesn't apply to it, or that the Reserve and all other authorizations for activities on the Treaty Project Claims relating to the KSM Project exceed the Province's authority, and in the alternative, for an award of compensation for expropriation or for damages for misrepresentation.The Action is separate from the appeal of the decision of the Chief Gold Commissioner brought by Tudor earlier this year and announced by Seabridge on July 14, 2025.The MTT are the two 23 km long parallel tunnels planned to connect the east and west sides of the KSM Project Mine Site. Approximately 12.5 km of the MTT route passes through the Treaty Creek Claims.The Action relies heavily on a statement made by the Province in 2012 that the Reserve did not apply to the existing holder of the Treaty Project Claims, despite that statement being superseded by a statement made by the Province in 2014, in connection with the amendment of the Reserve, that the amended Reserve did apply to the existing holder of the Treaty Project Claims. It also relies on ...