The Financial Post reports in its Saturday edition that Seabridge Gold's KSM project in northwest British Columbia awaits a ruling that could send one of Canada's biggest mining projects into regulatory limbo.
The Post's Andrew Rankin writes that after more than two decades of indigenous consultation and hundreds of millions of dollars in investment, Seabridge Gold believed its KSM project had finally cleared a critical hurdle in the summer of 2024.
The province reaffirmed the project's environmental approval, but Seabridge now finds itself awaiting a court decision on a legal challenge filed by a first nation with fewer than 50 members. The ruling could potentially send one of Canada's biggest mining projects back into regulatory limbo, even as the company continues to spend hundreds of millions of dollars to maintain momentum.
The dispute underscores a broader challenge for Canada's nation-building efforts and its resource sector: Indigenous consultation is a constitutional requirement and widely supported in principle, but companies, governments and communities often face unclear rules on the geographic and legal scope of competing land claims, timelines and what constitutes completion.
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