Seabridge has set out three main objectives for KSM that it intends to achieve with the latest funding:
- Achieve the ‘substantially started’ designation, which ensures the continuity of the KSM project’s approved Environmental Assessment Certificate (EAC) for the life of the project;
- Complete key tasks that support construction readiness and will shorten the construction period, once a construction decision has been made;
- Enhance the KSM proposition in joint venture negotiations by securing the EAC, further de-risking the project, and accelerating the construction timetable.
Under the BC Environmental Assessment Act, a project’s EAC is subject to expiry if the project has not been ‘substantially started’ by the deadline specified in the EAC. However, if the BC Minister of Environment and Climate Change Strategy determines that a project has been ‘substantially started’ before the deadline, the EAC remains in effect for…
