Seabridge Gold subsidiary KSM Mining has agreed to principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty pays US$150 million for a 1.2% net smelter royalty for all metals produced at the KSM project in northern British Columbia, Canada. The proceeds will be used to complete the physical works at KSM for which Seabridge expects to…
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Pan American to spin out Utah project
Canadian-based Pan American Energy has confirmed plans to spin out its Green Energy lithium project in the Paradox Basin, Grand County, Utah, so it can focus on its other projects including the Horizon lithium project in Nevada. The company, which will place Green Energy into a wholly owned subsidiary, will also be turning its attention to its Big Mack lithium…
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