• Seabridge held a special shareholder meeting on May 22, 2026 to vote on the Courageous Lake spin-out into Valor Gold.
• Shareholders adopted the arrangement to transfer the Courageous Lake project into Valor, then distribute all Valor shares to Seabridge shareholders.
• Shareholders also adopted Valor’s restricted share unit and deferred share unit plan.
• The spin-out has not yet been completed; closing remains subject to a court order, with completion targeted for about June 3, 2026.
• If completed on that schedule, Seabridge expects Valor to begin trading on the TSX on June 5, 2026, alongside Seabridge’s new listing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seabridge Gold Inc. published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.