Newsfile Corp
08 Jun 2026, 23:48 UTC · 1h ago
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The BC Supreme Court ruled that the determination that the KSM project was 'substantially started' as of July 24, 2024, was reasonable. — Court validation of 'substantially started' status reduces the risk of project expiration or loss of permits, providing a fundamental win for the project's viability.
+0.60The Court ordered the EAO to conduct a 90-day additional consultation period with the Tsetsaut Skii km Lax Ha (TSKLH) before reconsidering the substantial start determination. — This creates a window of regulatory uncertainty and potential for a reversed determination, introducing a short-term risk to the project's legal status.
-0.40Seabridge Gold has spent $1.2 billion in total expenditures on the KSM project, including $208 million in permanent works since January 2024. — High capital commitment demonstrates management's confidence and physical progress, making a full reversal of the 'substantially started' status less likely.
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6 related stories
The BC Supreme Court dismissed the petition filed by SkeenaWild Conservation Trust against the project's substantial start determination. — Eliminating one of the legal challengers reduces the total number of adversarial hurdles the company faces.
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The court confirmed the reasonableness of the project's 'substantially started' status, though it mandated further consultation.
The article mentions the closing of a spin-out but provides no positive or negative performance data.
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