What is KSM Mining?
KSM Mining ULC, a subsidiary of Seabridge Gold INC., is the entity responsible for the KSM Property, which hosts the KSM Project. This proposed gold/copper mine is situated 65 kilometers northwest of Stewart, British Columbia. The project has successfully navigated the environmental assessment process, receiving approval from both Provincial and Federal governments, indicating no significant adverse effects are anticipated. The company's focus has now shifted towards securing additional operating permits, forging strategic partnerships, and obtaining further financing before commencing construction.
How much funding has KSM Mining raised?
KSM Mining has raised a total of $225M across 1 funding round:
Debt
$225M
Debt (2022): $225M with participation from Sprott and Ontario Teachers Pension Plan
Key Investors in KSM Mining
Sprott
Sprott is a global asset management firm specializing in precious metals, critical materials, and natural resources. They offer diverse investment solutions, including exchange-listed products and actively managed equity strategies, catering to clients seeking exposure to commodities and mining companies.
Ontario Teachers Pension Plan
The Ontario Teachers' Pension Plan, established in 1989, manages defined-benefit pensions for teachers in Ontario, Canada. The organization also actively invests the plan's substantial pension fund, demonstrating a long-term investment horizon.
What's next for KSM Mining?
With the environmental approvals in hand and a recent major strategic investment, KSM Mining is poised to advance the KSM Project towards its next critical phase. The company's immediate objectives include obtaining approximately 100 additional operating permits and securing further financing. These steps are vital for transitioning from the development and permitting stage to the construction phase of this significant gold and copper mining operation. The enterprise-level funding context suggests a robust financial strategy is in place to support these ambitious plans.
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