Seabridge Gold To Acquire 100% Interest In Properties And Data Of The Slaughterhouse Project In Southern Wyoming From Orogen Royalties For $300K And Milestone Payments Of Up To $2.55M

SA Expands U.S. Gold Search With Slaughterhouse Project Acquisition

Seabridge Gold has agreed to acquire 100% of the Slaughterhouse Project in southern Wyoming from Orogen Royalties, comprising 163 mining claims. The company will pay $300,000 upfront plus up to $2.55 million in milestone payments. Seabridge plans to use modern exploration techniques to search for gold and critical minerals in the region, which has historical copper and gold occurrences but lacks comprehensive modern exploration.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

Shares of precious metal-related companies are trading lower as climbing yields and a stronger dollar raise rate-hike expectations. President Trump's rejection of Iran's plan to reopen the Strait of Hormuz and a possible diesel export ban are boosting oil prices and contributing to mounting inflationary concerns as regional conflict continues.