Seabridge to spin out Northwest Territories gold project

The Courageous Lake gold project in NWT. Credit: Seabridge Gold Seabridge Gold (TSX: SEA) (NYSE: SA) intends to spin out its wholly owned subsidiary that owns the Courageous Lake project in Canada’s Northwest Territories, one of its two advanced projects, and take it public.The move, says Seabridge’s chairman and CEO Rudi Fronk, would unlock what the company views as a “valuable” asset that has been “overshadowed for too long” by the bigger KSM project in British Columbia.According to the company, Courageou ...