Tunnel Authorizations for Seabridge's KSM Project Challenged Again by Tudor Gold

Core Viewpoint - Tudor Gold Corp. has filed a Notice of Civil Claim against the Province of British Columbia, challenging the legal effect of a conditional mineral reserve that restricts its rights concerning the KSM Project's Mitchell Treaty Tunnels [1][2]. Legal Challenge - The legal action primarily contests the Reserve's requirement that Tudor not obstruct or interfere with the construction and operation of the KSM Project's tunnels [1]. - Tudor alleges that the Reserve constitutes an expropriation of its mineral claims and that the Province lacks the authority to grant Seabridge rights to use areas within these claims [1][3]. Background of the KSM Project - The Mitchell Treaty Tunnels are two parallel tunnels, each 23 km long, designed to connect the east and west sides of the KSM Project Mine Site, with approximately 12.5 km of the route passing through the Treaty Creek Claims [2]. Historical Context - Tudor's claim relies on a 2012 statement from the Province indicating that the Reserve did not apply to the existing holder of the Treaty Project Claims, despite a 2014 amendment stating otherwise [3]. - The Reserve has been applicable to the existing holders of the Treaty Project Claims since 2014, and Tudor's acquisition of interest in these claims occurred in 2016 [3]. Company Response - Seabridge Gold expresses confidence that the Province has acted lawfully and that the authorizations for the MTT are valid [4]. - The company emphasizes its commitment to advancing the KSM Project despite the ongoing legal challenges from Tudor [4]. Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with the KSM project being its principal asset located in Northwest British Columbia [5].