Seabridge Gold says it plans to spin out its large but somewhat sidelined Courageous Lake gold project in the Northwest Territories into a new standalone company named Valor Gold, subject to regulatory approvals. Seabridge Gold Inc. said it would continue to focus primarily on its flagship KSM gold-copper project in British Columbia and other exploration assets, while Valor Gold would concentrate on advancing Courageous Lake through exploration, engineering and permitting. “Courageous Lake … is worth quite a bit if you look at the engineering studies we’ve done,” Fronk told CBC in an interview. “Our view is that Courageous Lake is not being reflected at all in our share price. ‘An incredible district’Seabridge reports measured and indicated resources of 11 million ounces of gold, with an additional 3.3 million ounces in the inferred category.

Source: CBC News December 30, 2025 15:00 UTC