Seabridge Gold stock jumps as Valor spin-out timeline firms up — June vote and Q2 debut in focus
Seabridge Gold shares surged 12.4% to $36.80 Thursday after announcing plans to spin off its Courageous Lake project into Valor Gold Corp, with a shareholder vote expected by June 2026. Valor aims to list in Toronto and on the OTCQB, pending approvals. Seabridge will fund Valor with C$10 million and name Mark J. Ashley as CEO. The reorganization remains subject to board, shareholder, court, and regulatory approval.