08:46 AM EDT, 03/12/2025 (MT Newswires) -- Seabridge Gold ( SA ) said Wednesday it aims to finalize a partnership agreement for its KSM project and raise new funds to continue construction activities and collection of feasibility data in 2025.

The company said it is looking to sign a deal with a major mining operator that has the resources and expertise to advance the KSM project in British Columbia. It also aims to raise at least $100 million in new funding for the project, Seabridge added.

The company also set 14 other targets for 2025, including the completion of an 8,000-meter drilling program at its Iskut property to support a first resource estimate for the Snip North target in Q1 2026, and a year over year increase in gold resources per common share, Seabridge said.

The company's shares were up more than 2% in recent Wednesday premarket activity.