- Tudor Gold Corp. appeals British Columbia Supreme Court to challenge Seabridge Gold's use rights for the KSM Project's Mitchell Treaty Tunnels (MTT).
- The Chief Gold Commissioner previously ruled in favor of Seabridge, enforcing a Conditional Mineral Reserve (CMR) that prevents interference from free miners like Tudor.
- Seabridge Gold (NYSE: SA) expects the appeal to be dismissed, citing strong legal foundations and previous decisions supporting their claim.
In a significant legal development, Tudor Gold Corp. has filed an appeal in the British Columbia Supreme Court challenging the decision of the Chief Gold Commissioner (CGC) regarding Seabridge Gold's (SA, Financial) rights over the Mitchell Treaty Tunnels (MTT) at the KSM Project. Tudor disputes the legal framework that grants Seabridge priority land use rights through their claims.
The CGC earlier rejected Tudor's request to be exempted from Seabridge's Conditional Mineral Reserve (CMR), which prevents any interference by free miners, including Tudor, in the construction and operation of the MTT. Tudor argues that Seabridge's CMR and License of Occupation create conflicting claims to minerals within Tudor's Treaty Creek Project. However, Seabridge has consistently maintained it does not claim any mineral rights in this area.
Seabridge regards the CGC's decision as legally sound, underscored by past affirmations from the Ministry of Mines in 2014, 2024, and 2025, along with the CGC's explicit statements backing the CMR's applicability to Tudor. If Tudor's appeal succeeds, it would only lead to procedural mandates for the CGC to reassess Tudor's application while keeping the CMR active. Seabridge remains confident that the court will uphold the CGC's original decision.
Seabridge Gold, headquartered in Toronto, Canada, holds a 100% interest in several major North American gold projects, including the KSM Project in British Columbia's "Golden Triangle." The ongoing legal dispute could potentially delay the development of this crucial infrastructure but is not expected to impact the company's long-term operational plans.
