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Seabridge Gold Inc (NYSE:SA) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. On April 27, Seabridge Gold Inc (NYSE:SA) announced that it will spin out its Courageous Lake gold project into a new company called Valor Gold Corp. Shareholders of Seabridge will receive shares in Valor, and a special meeting to approve this plan is scheduled for May 22, 2026, in Toronto.

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Seabridge Gold is creating Valor Gold Corp to hold its Courageous Lake project in Canada’s Northwest Territories. All Seabridge shareholders will get Valor shares through a formal arrangement. This move is designed to give Courageous Lake its own identity and allow investors to see its value separately from Seabridge’s larger KSM project.

A special meeting will be held on May 22, 2026, at 10:00 a.m. EDT at the Fairmont Royal York Hotel in Toronto. Shareholders will vote on the spin-out plan. Seabridge’s CEO, Rudi Fronk, explained that Courageous Lake has been overshadowed by the KSM project and deserves its own valuation. By creating Valor, the project can be judged on its own merits. The new company will start with C$10 million in cash to fund exploration and development.

Valor will be led by mining veteran Mark Ashley as CEO, along with a strong management team and board. Ashley said Valor will build on Seabridge’s work and focus on expanding resources at Courageous Lake, aiming to unlock more value for shareholders. The project is one of Canada’s largest undeveloped gold deposits, with significant potential for growth.

Canada-based Seabridge Gold Inc (NYSE:SA) is engaged in the acquisition, exploration, and development of mineral properties. The company says it has one of the world’s largest resource bases of gold, copper, and silver. Seabridge’s principal projects are located in Canada.

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