Tudor Abandons Appeal of the BC Chief Gold Commissioner's Decision Pertaining to Seabridge Gold's KSM's Mitchell Treaty Tunnels (MTT)

The most recent news (March 19, 2026) confirms that Tudor Gold Corp. has abandoned its appeal against the British Columbia Chief Gold Commissioner’s decision regarding the Mitchell Treaty Tunnels (MTT). This follows a series of legal challenges by Tudor throughout 2025 aimed at obstructing Seabridge’s right to build 23km parallel tunnels, 12.5km of which pass through Tudor’s mineral claims. By abandoning the appeal, Tudor effectively concedes the Chief Gold Commissioner’s jurisdiction and the validity of the Conditional Mineral Reserve (CMR), which prohibits Tudor from interfering with MTT construction.

The impact is Routine - Positive. While the removal of a legal "overhang" is inherently good, this result was largely expected by the market. Seabridge management had consistently messaged that Tudor’s claims lacked merit, and the BC government had repeatedly reconfirmed Seabridge’s authorizations (July 2024, April 2025). - De-risking: This eliminates a primary tactical risk to the KSM Project’s infrastructure timeline. - JV Readiness: Clearing the title and access rights for the MTT is a prerequisite for the "Bankable Feasibility Study" and the ongoing search for a major joint venture partner. - Operational Continuity: The "Substantially Started" designation remains unchallenged now that the primary antagonist has retreated, ensuring the Environmental Assessment Certificate does not expire.

Seabridge Gold is a development-stage company focused on large-scale gold-copper assets in North America. - Flagship Project: KSM (Kerr-Sulphurets-Mitchell) in BC’s Golden Triangle. It is one of the world's largest undeveloped gold-copper projects with 47.3M oz Au and 7.3B lbs Cu in Proven & Probable reserves. - Strategy: The company does not intend to build KSM alone; its model is to de-risk the asset through permitting and "early works" (like the MTT) to attract a major mining partner.