“With six major gold and copper companies currently at the table, we are confident that we will secure a partnership that aligns with our vision and financial strategy,” he told The Northern Miner during a site visit to KSM in late July. “The nice thing right now is for the first time ever, we have competitive tension going on in our process.”
RBC Capital Markets is managing a JV negotiation process, Fronk said. RBC has been brought in to manage and enhance the negotiation process for securing a JV partner, creating a competitive environment to secure the best possible deal for Seabridge.
A day before the permit milestone—a designation by the BC government acknowledging that construction at KSM has ‘substantially started’—Fronk predicted a deal could materialize quickly.
“Once the permit designation has been completed, we could expect a deal within four to six months, perhaps even sooner,” he said.
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