Seabridge Gold INC

F-113D13G

Schedule 13D - Activist Investments

NYSE
Seabridge Gold Inc. reported a decrease in its beneficial ownership of Paramount Gold Nevada Corp. to 4.89% after a recent share purchase, primarily due to an increase in Paramount's outstanding shares from recent financings.
Capital raise
Worse than expected
NYSE
FCMI Parent Co., Pan Atlantic Bank & Trust Ltd, and the Friedberg family have increased their collective beneficial ownership in Seabridge Gold Inc. to 16.20% through recent share acquisitions, including the unwinding of a total return swap.
Capital raise

Schedule 13G - Passive Investments

NYSE
Kopernik Global Investors, LLC and David B. Iben have jointly reported beneficial ownership of 11,044,218 common shares, representing 10.26% of Seabridge Gold Inc.
NYSE
Van Eck Associates Corporation, an investment adviser, reported a 6.95% beneficial ownership stake in Seabridge Gold Inc. common shares as of December 31, 2025.
NYSE
Van Eck Associates Corporation has reported beneficial ownership of 8.24% of Seabridge Gold Inc.'s common shares as of September 30, 2025.
NYSE
Kopernik Global Investors, LLC and David B. Iben have jointly reported a beneficial ownership of 10.6% in Seabridge Gold Inc., totaling 10,640,829 common shares.