Tudor Gold Corp. has abandoned its appeal of a British Columbia Chief Gold Commissioner decision regarding Seabridge Gold Inc.'s (NYSE: SA) KSM project tunnels, according to a company statement.

Tudor filed a Notice of Abandonment of Appeal with the Supreme Court of British Columbia, ending its challenge to the Commissioner's May 28, 2025 decision. The Commissioner had declined jurisdiction over Tudor's application seeking to determine that Seabridge's Mitchell Treaty Tunnels Conditional Mineral Reserve should not apply to Tudor's claims or be cancelled entirely.

The Conditional Mineral Reserve requires holders of mineral claims through which the tunnels pass not to obstruct or interfere with tunnel construction, operation, or maintenance. BC Ministry of Mines representatives have confirmed this legal framework over the past 11 years, according to Seabridge.

The Mitchell Treaty Tunnels consist of two parallel tunnels connecting east and west sides of the KSM mine site. Approximately 12.5 kilometers of the tunnels will pass through mineral claims owned by Tudor.

Seabridge Chair and CEO Rudi Fronk stated the appeal "lacked any merit from the outset" and said the authorizations do not give Seabridge any interest in Tudor's mineral rights.

Seabridge holds a 100% interest in several North American gold projects, with the KSM and Iskut projects in British Columbia's Golden Triangle as principal assets. The company also operates projects in the Northwest Territories, Nevada, and Yukon.