Company Leadership Changes - Seabridge Gold announced the retirement of Chief Financial Officer Chris Reynolds effective March 31, 2026, after 15 years of service [1][2] - Chris Reynolds played a significant role in the company's financial reporting, team building, cybersecurity, risk management, and securing funding for key projects [2] - Greg Martin has been appointed as the new Chief Financial Officer, effective March 31, 2026, bringing extensive experience in corporate finance and mining industry acquisitions [3][4] Transition and Promotions - Greg Martin will join Seabridge on March 2, 2026, to ensure a smooth transition with Chris Reynolds [3] - Hassan Esmaeili has been promoted to Vice President, Finance, bringing over 20 years of experience in financial reporting and auditing [4] Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with its principal asset being the KSM project located in Northwest British Columbia [5]

Core Insights - Aben Gold Corp. has appointed Mike Burke to its Advisory Board, bringing over 35 years of mining industry experience, particularly in gold exploration and development in the Yukon Territory [1][2][3] Company Developments - Mike Burke has held significant leadership roles, including Director and Vice President of Corporate Development at Sitka Gold Corp, and has served as President of the Yukon Chamber of Mines [2] - Burke's extensive background includes over 20 years as Head of the Mineral Services Division within the Yukon Geological Survey and over 6 years as Chief Geologist for Golden Predator [2][3] - Aben Gold's flagship project, the 7,400-hectare Justin Gold Project, is located in the Tintina Gold Belt in southeast Yukon, adjacent to Seabridge Gold's 3 Aces Project [5] Strategic Goals - The company aims to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable jurisdictions [5] - Aben Gold has granted 1,200,000 incentive stock options to officers, directors, and consultants, exercisable at $0.30 per share for five years [4]

Group 1 - The importance of recognizing the end of a bull market is crucial for making profits in natural resources [2] - During a bull market, it is advised to ignore daily price fluctuations and stay invested for the long term [1][2] - A trailing stop strategy, typically set at 25%, can help investors determine when to sell and convert paper gains into actual profits [5][6] Group 2 - Seabridge Gold serves as an example of a stock that experienced significant price increases, rising over 350% twice between 2006 and 2011 [3][5] - The global financial crisis in 2008 interrupted the bull market in metals, highlighting the need for a strategy to exit positions [5] - Re-entering mining stocks in early 2009 proved profitable as many investors remained hesitant, indicating favorable market conditions for the long run [7]

Core Viewpoint - Seabridge Gold Inc. is planning to spin out its 100% interest in the Courageous Lake gold project into a new entity called Valor Gold Corp, with the intention to distribute shares to existing shareholders [1][2]. Spin-Out Structure - The spin-out will be executed through a court-approved plan of arrangement under the Canada Business Corporations Act, with a shareholder meeting expected in June 2026 to approve the plan [2]. - Valor Gold will seek listings on the Toronto Stock Exchange and the OTCQB Venture Market, with potential plans for a NYSE listing in the future [3]. Financial Aspects - Valor Gold will have C$10 million in cash at the time of the spin-out to fund work programs and corporate general and administrative expenses [4]. Leadership - Mark J. Ashley has been appointed as the CEO and director of Valor, bringing over 40 years of experience in the mining industry and a proven track record in project development and operational execution [5][6]. Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [6]. - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open-pit gold projects in Canada [6]. Exploration Potential - Post-spin-out, Valor Gold plans to initiate a targeted drill program to explore for satellite deposits similar to Walsh Lake, which could enhance project economics [7].

Acquisition Details - American Lithium Minerals (AMLM) has acquired a 19% stake in Cunningham Mining, which owns the Nugget Trap Placer Claims in the Golden Triangle region of British Columbia, Canada [1] - The property spans 573.7 acres and includes permits for a 30,000-cubic yard annual mining program authorized by the British Columbia Ministry of Mines [1] Resource Potential - Recent independent assays have shown an average gold content of more than 25.54 grams per cubic meter of pay, alongside significant silver quantities [2] - Seabridge Gold's KSM Project, located near Cunningham Mining's claims, has estimated proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper, representing one of the largest undeveloped gold deposits globally [2] Management Changes - Ryan Cunningham has been announced as president and CEO of American Mineral Resources, a subsidiary of American Lithium Minerals, bringing significant experience in mining operations, land development, and resource management [3] Other Projects - American Lithium Minerals is involved in various projects, including La Grande Plata in Chile for silver extraction and Furano, a copper-gold project also in Chile [4] - The company is progressing its Sarcobatus Lithium property in central Nevada and actively seeking additional exploration and acquisition opportunities to expand its mineral holdings worldwide [4] Portfolio Expansion - In December 2025, American Lithium Minerals secured exclusive option rights to three key mineral properties in Quebec, broadening its portfolio focused on critical and precious metals [5] - The assets involved include the Piscau-North polymetallic project, the QC rare earth elements project, and the Couture project [5]

Core Viewpoint - Seabridge Gold Inc. provided a year-end update for 2025, highlighting significant progress in its KSM Project and the decision to spin out its Courageous Lake subsidiary to optimize shareholder value [1][5]. KSM Partnership - In 2025, management focused on due diligence with potential partners, completing final site visits by three joint venture finalists, and is progressing towards a partnership announcement [2]. KSM Field Activities - The KSM Project made substantial progress, completing an extensive field data collection program with approximately 8,500 meters of drilling across 117 drill holes, and advancing construction on the Treaty Creek Terminal [3]. Project Support and Performance - The project maintained high standards, receiving the David Barr Award, achieving zero reportable environmental incidents, and supporting over 260 workers at peak activity [4]. Courageous Lake Spin-Out - The company plans to spin out its subsidiary, Seabridge Gold (NWT) Inc. (to be renamed "Valor Gold"), which owns the Courageous Lake Gold Project, distributing shares to Seabridge shareholders [5][6]. Courageous Lake Project Details - Courageous Lake is one of Canada's largest undeveloped gold projects, with a total contained gold inventory of 11.0 million ounces and additional inferred resources of 3.3 million ounces [6]. Exploration Strategy - The corporate strategy emphasizes increasing gold ownership per share, with recent drilling at the Iskut Project defining a major porphyry system and significant mineralization [7][8]. Permitting and Regulatory Compliance - The company met all regulatory requirements for the M-245 Joint Mines Act amendment, with the permit expected to be issued in Q1 2026, allowing construction of the Mitchell-Treaty Tunnel [11]. Indigenous Engagement - Seabridge strengthened relationships with Indigenous groups through proactive engagement and support initiatives, maintaining strong connections with various Nations [14]. Legal Proceedings - A court hearing regarding the Substantially Started Designation for KSM took place in late 2025, with a decision expected in Q1 2026 [15]. Future Outlook - The company anticipates a successful 2026, expecting to finalize a KSM partner early in the year and aiming for significant advancements in its projects [16].

Core Viewpoint - Seabridge Gold plans to spin out its subsidiary owning the Courageous Lake project, aiming to unlock its value overshadowed by the KSM project [1][8] Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with an estimated 11 million oz. of gold in the measured and indicated category and an additional 3.3 million oz. in the inferred category [2] - The project has 2.8 million oz. of proven and probable reserves at an average grade of 2.6 g/t, making it one of the highest-grade open-pit gold projects in Canada [2] Spin-Out Details - The new entity, named Valor Gold, will focus on exploration, engineering, and permitting for the Courageous Lake project, with shares distributed to Seabridge shareholders [3] Economic Assessment - An updated preliminary feasibility study indicates a potential open-pit gold mine with an average annual production of 201,000 oz. over a mine life of approximately 12.6 years [4] - At a gold price of $1,850/oz., the project's after-tax net present value (NPV) is $523 million, with an internal rate of return (IRR) of 20.6% and a payback period of 2.8 years; at $2,500/oz., the NPV increases to $1.1 billion, IRR to 38.2%, and payback to 1.6 years [5] Expansion Potential - A new preliminary economic assessment suggests potential for mine life extension by evaluating additional inferred resources and satellite pits, such as the Walsh Lake deposit, which has an inferred resource of 555,000 oz. of gold [6][7] - Less than 15% of the 500 km² land package has been explored, indicating significant upside potential [7] Management Perspective - The company believes Courageous Lake holds substantial value and additional district potential in a Tier 1 jurisdiction, which is not currently reflected in Seabridge's share price [8]

Core Viewpoint - Seabridge Gold Inc. plans to spin out its subsidiary Seabridge Gold (NWT) Inc., which will be renamed Valor Gold, to focus on the Courageous Lake Gold Project, allowing Seabridge to concentrate on its KSM project and other exploration assets [1][3] Group 1: Spin-Out Details - Valor Gold will own 100% of the Courageous Lake Gold Project and will focus on exploration, engineering, and permitting [1] - Shares of Valor Gold are expected to be distributed to Seabridge shareholders and listed on at least one major public stock exchange [1][9] - Seabridge management will oversee Courageous Lake until a dedicated team is established for Valor Gold [7] Group 2: Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with a total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [2] - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open pit gold projects in Canada [2] Group 3: Financial Projections - At a gold price of US$2,500 per ounce, the after-tax NPV (5%) of Courageous Lake increases to US$1.1 billion, with an IRR of 38.2% and a payback period of 1.6 years [5] - The 2024 PFS indicates a mine life of 12.6 years, with total payable gold of 2.5 million ounces and an average annual payable gold of 201,000 ounces [13] Group 4: Future Plans - Valor Gold plans to conduct a targeted drill program to explore for satellite deposits similar to the Walsh Lake deposit, which could enhance the project's economics [8] - The spin-out is expected to be completed through a plan of arrangement under the Canada Business Corporations Act, with updates anticipated in Q1 2026 [9]

Core Insights - Goldstorm Metals Corp. has released an updated analysis of the 2025 Geophysical Programs, which includes Induced Polarization (IP) and Magnetotelluric (MT) surveys, along with geochemical surveys at its 100%-owned Crown Property [1][2] Geophysical Program Results - The 2025 IP and MT programs have enhanced the understanding of the structural framework at the Crown Project, which is crucial for interpreting mineral potential defined by surface mineralization along the Orion Spine [2] - Geophysical results indicate a large intrusive body at depth, potentially the source of surface mineralized veins, reinforcing the exploration model and geological connections with nearby porphyry systems [3] - The combined survey results suggest a mineral belt extending 20 kilometers, hosting over 100 million ounces of gold, 20 billion pounds of copper, and over 400 million ounces of silver [3] Exploration Plans - The Orion Spine area is now drill-ready, with plans for a minimum of 2,400 to 3,000 meters of core drilling in at least six drill holes for Phase 1, and an additional 5,000-6,000 meters for Phase 2 contingent on Phase 1 success [4] - A new gold zone, Delta West, has been discovered ten kilometers south of Brucejack Mines' Valley of the Kings Deposit, consisting of gold-bearing quartz-pyrite veins [5] Anomalies and Targets - The IP and MT programs identified multiple large-scale, high-chargeability and low-resistivity anomalies coinciding with previously identified mineralization zones along the Orion Spine [7] - Seven conductive zones have been prioritized, with four classified as first-priority and three as second-priority, alongside 26 chargeability anomalies [7] Company Background - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in the Golden Triangle of British Columbia, which is known for high-grade gold deposits [12]

Core Insights - Seabridge Gold has reported significant drilling results from the Snip North Deposit at the Iskut project, indicating a large and robust Porphyry Cu-Au system with mineralization defined over a strike length of 2,100 meters, a dip projection of 600 meters, and a width of up to 700 meters [1][2] Drilling Results - The recent drilling has intersected wide intervals of consistent gold and copper grades, with notable holes such as SN-25-31 to SN-25-42 designed to infill and characterize potassic alteration and replacement mineralization [4][5] - Drill hole SN-25-31 reported an interval of 293.0 meters with an average gold grade of 0.46 gpt and copper grade of 0.10% [6] - Other significant results include SN-25-34 with 538.9 meters at 0.52 gpt gold and 0.13% copper, and SN-25-38 with 392.5 meters at 0.57 gpt gold [6][7] Geological Characteristics - The mineralization is primarily confined to a broad zone of potassic alteration within Triassic Stuhini sedimentary and volcanic rocks, characterized by hydrothermal biotite and magnetite [3] - The system exhibits intense quartz-sericite-pyrite alteration, indicating high-temperature and high magmatic fluid flux, with significant molybdenum grades observed [4] Future Outlook - The company is confident in achieving a significant maiden resource estimate for Snip North in early 2026, with ongoing assays and modeling to further define the limits of mineralization [2][11] - There is potential for discovering a higher-grade intrusive source, as indicated by promising results from specific drill holes [2][11]