In 2021, Seabridge Gold started early-stage construction activities at the KSM Project, to achieve the “substantially started’ status by July 28, 2026, which is required to maintain the validity of the Environmental Assessment Certificate for the Project’s life.
Undertaking these programs is a positive development for the KSM Project because it means the project is progressing with a phased development approach. Advancing the early-stage construction activities will start to benefit the local communities and indigenous partners in near-term as it will increase the flow of socio-economic benefits such as local employment, contracts to local businesses and others into the communities. It will also enable Seabridge to begin the development of processes to administer the Benefits Agreement with both the Nisga’a and Tahltan Nations, as the company is working closely with these Nations’ economic development corporations on contracting and employment to conduct site capture activities.
Site capture will also allow Seabridge to continue the necessary technical studies needed to validate plans and be well-prepared in advance of a future project construction decision.