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SCHEDULE Filed 2025-03-06 Event 2025-03-03 SEC 0001019056-25-000122 →

FCMI Parent Co. SEABRIDGE GOLD INC SA

Stake: 16.15% Shares: 16,184,035 CUSIP: 811916105 Class: Common Stock, No Par Value

Item 4 — Purpose of Transaction

Item 4 of the Statement is hereby supplemented as follows: PAHL acquired the 4,419,179 Common Shares reported in this Schedule 13D (Amendment No. 17), for investment purposes. On March 3, 2025, PAHL completed the unwinding of a cash-settled total return swap transaction between PAHL and National Bank of Canada ("NBC") originally entered into on July 16, 2014 and previously disclosed in this Statement (the "TRS"). Following the unwinding of the TRS, PAHL purchased the 4,419,179 Common Shares to replace its economic exposure to the Issuer with full equity ownership in the Issuer. PAHL used cash from its working capital to acquire the 4,419,179 Common Shares through the facilities of the New York Stock Exchange. FCMI Parent acquired the 120,000 Common Shares reported in this Schedule 13D (Amendment No. 17), for investment purposes by way of a private placement.

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Short Interest · settle 2026-03-31
DTC 2.81
4,231,890 shares short · +21.8% vs prior

Institutional Consensus · 2025-12-31

Held by elite portfolio managers
1 holder · $1.28M
Point72 Asset Mgmt

Other 13D/G Filings on SEABRIDGE GOLD INC

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2018-01-09 SC NATIONAL BANK OF CANADA /FI/ view →

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