$LGD.TO

Liberty Gold Outlines 2026 Drill Program at Black Pine Oxide Gold Project

Liberty Gold (LGD.TO) outlined its 2026 drill program at the Black Pine oxide gold project in southeastern Idaho in a Tuesday news release.The program includes about 40,000 meters of approved reverse circulation drilling with an additional 10,000 meters of RC drilling planned contingent on results, aligned with advancing Black Pine toward a construction decision.The 2026 drill campaign is focused on three priorities: early production confidence, exploration and resource growth, and permitting and engineering support.Infill drilling is expected to upgrade resources from indicated to measured classification within the initial two to three years of the mine plan to increase production confidence.High-priority resource extension targets will be drilled proximal to planned mining areas, as well as selected deposit and wider-scale targets.Drilling will also be done to support mine plan optimization around phase sequencing and geotechnical material testing, infrastructure planning, and permitting requirements.The 2026 program includes an approved 10,000 m of focused infill RC drilling in the Discovery area focused on the initial production phases of the mine plan, and an additional roughly 10,000 m of proposed infill RC drilling in the Rangefront area, subject to ongoing feasibility study work.

Liberty Gold Advancing Black Pine with 2026 Drill Program Focused on Early Production and Project Execution

Liberty Gold Receives C$8.0 Million from Warrant Exercises

Liberty Gold (LGD.TO) has received C$8.0 million in proceeds from the exercise of common share purchase warrants issued in connection with its May 2024 non-brokered private placement, the company said on FridayAll holders of warrants have exercised their warrants prior to the expiry date of May 17, 2026.The proceeds were from the exercise of 17.9 million warrants at an exercise price of C$0.45 per warrant, resulting in the issuance of an equivalent number of common shares.In addition, certain common share purchase warrants issued in connection with Liberty Gold's April 2025 bought deal financing have been exercised early. About 25 million warrants issued under that financing remain outstanding at an exercise price of C$0.45 per warrant and expire on April 22, 2027.The proceeds strengthen Liberty Gold's balance sheet as it advances the Black Pine oxide gold project in Idaho. A feasibility study is scheduled for completion in the fourth quarter.Combined with anticipated staged payments from recent non-core asset sales, the company expects about US$40 million in incoming treasury funds over the next 18 months.Based on current plans and assumptions, Liberty Gold believes it is fully-funded through a construction decision for Black Pine.

Liberty Gold Says Received C$8.0 Million from Warrant Exercises Strengthening Funding Position for Black Pine

Liberty Gold Basic and Diluted Loss Per Share From Continuing Operations US$0.01, Unchanged From a Year Earlier

Liberty Gold Closes Sale of Goldstrike Project to Heliostar Metals

Liberty Gold (LGD.TO) has closed the sale of the Goldstrike project in southern Utah to Heliostar Metals, the company said Monday.The company will receive US$72.5 million in total consideration, composed of US$10 million in cash and about 1.6 million Heliostar common shares valued at about US$2.5 million.Future milestone-based payments amount to an additional US$60 million, including US$10 million in cash to be received 12 months and 18 months from closing, and US$40 million to be received upon completion of certain project-based milestones or five years from closing, whichever comes earlier.Proceeds from the transaction are expected to support the continued advancement of the Black Pine Project, including permitting, feasibility study work and long-lead development initiatives."Closing the sale of Goldstrike marks an important step in executing our strategy to monetize non-core assets and to direct capital and management focus to our flagship Black Pine Oxide Gold Project," said Jon Gilligan, president and chief executive officer of Liberty Gold.Additionally, Centerra Gold (CG.TO) elected to exercise its "top-up right" to maintain its 9.9% equity interest in Liberty Gold. In connection, Liberty Gold has issued 2.0 million common shares at a price of C$1.17 per share for total proceeds of C$2.4 million.

Liberty Gold Closes Sale of Goldstrike and Provides Corporate Update