Seabridge Gold Inc. has announced the spin-out of its wholly owned subsidiary, Seabridge Gold (NWT) Inc., which will be renamed Valor Gold and will own 100% of the Courageous Lake Gold Project in Canada’s Northwest Territories. All Valor Gold shares are expected to be distributed to Seabridge shareholders, with plans to list the company on at least one major public stock exchange. Seabridge will continue to focus on its flagship KSM gold/copper project and other exploration assets. The company also reported progress towards securing a joint venture partner for the KSM project, with final site visits completed by three finalists and ongoing negotiations with a preferred candidate.
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