This non-core asset sale payment, which is non-dilutive for shareholders, forms part of the total consideration of US$8.5 million payable to Liberty Gold for the sale of its 72.1% interest in TV Tower. The Company has now received US$5.9 million to date, with the final staged payment of US$2.6 million due on October 4, 2026. These payments underpin corporate costs for Liberty Gold over the period, allowing the Company to channel new funding directly into project advancement.
Jon Gilligan, President and CEO of Liberty Gold, commented, "This non-dilutive staged payment further bolsters our treasury and underscores our strategy of channeling capital into our core oxide gold project. With Black Pine in Idaho moving through advanced studies and mine permitting, we remain focused on unlocking the value of Black Pine, the largest undeveloped oxide gold project in the Great Basin. In the medium-term we are looking to build a strong portfolio of substantial oxide assets positioned for future development."
ABOUT LIBERTY GOLD
Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. The Company is advancing the Black Pine project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource with strong ...
