Apr 27, 2026
Liberty Gold Announces Closing of the Sale of Goldstrike and Corporate Update
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the closing (the “Closing”) of the previously announced sale of the Goldstrike Project located in southern Utah (“Goldstrike”) to Heliostar Metals Ltd. (“Heliostar”).
Total consideration to be received under the Transaction is US$72.5 million (the “Transaction”) with US$10 million in cash and approximately 1.6 million common shares of Heliostar (valued at approximately US$2.5 million) received on Closing. Future milestone-based payments total an additional US$60 million, including US$10 million in cash to be received 12 months and 18 months from Closing, and the remaining US$40 million to be received on the earlier of completion of certain project-based milestones or five years from Closing (see press release dated March 23, 2026).
“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 CEO of Liberty Gold. “This transaction strengthens our balance sheet at an important stage in the advancement of Black Pine and supports our disciplined focus on permitting, feasibility, and selected long-lead development planning.”
In connection with the Transaction, all Heliostar shares received by the Company as consideration will be subject to a statutory hold period under applicable Canadian securities laws expiring four months plus one day from Closing.
Completion of the Transaction aligns with Liberty Gold’s stated objective of rationalizing its asset portfolio and unlocking value from non-core holdings, while preserving exposure to future upside where appropriate. Proceeds and value received from the Transaction are expected to support the continued advancement of the Black Pine Project (“Black Pine”), including ongoing permitting, feasibility study work, and selected long-lead development initiatives.
Black Pine is one of the largest undeveloped oxide gold projects in the Great Basin and benefits from a substantial mineral endowment, existing infrastructure, and a supportive mining jurisdiction.
...
libertygold.ca/news/...le-of-goldstrike-and-corporate-update/
Liberty Gold Announces Closing of the Sale of Goldstrike and Corporate Update
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the closing (the “Closing”) of the previously announced sale of the Goldstrike Project located in southern Utah (“Goldstrike”) to Heliostar Metals Ltd. (“Heliostar”).
Total consideration to be received under the Transaction is US$72.5 million (the “Transaction”) with US$10 million in cash and approximately 1.6 million common shares of Heliostar (valued at approximately US$2.5 million) received on Closing. Future milestone-based payments total an additional US$60 million, including US$10 million in cash to be received 12 months and 18 months from Closing, and the remaining US$40 million to be received on the earlier of completion of certain project-based milestones or five years from Closing (see press release dated March 23, 2026).
“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 CEO of Liberty Gold. “This transaction strengthens our balance sheet at an important stage in the advancement of Black Pine and supports our disciplined focus on permitting, feasibility, and selected long-lead development planning.”
In connection with the Transaction, all Heliostar shares received by the Company as consideration will be subject to a statutory hold period under applicable Canadian securities laws expiring four months plus one day from Closing.
Completion of the Transaction aligns with Liberty Gold’s stated objective of rationalizing its asset portfolio and unlocking value from non-core holdings, while preserving exposure to future upside where appropriate. Proceeds and value received from the Transaction are expected to support the continued advancement of the Black Pine Project (“Black Pine”), including ongoing permitting, feasibility study work, and selected long-lead development initiatives.
Black Pine is one of the largest undeveloped oxide gold projects in the Great Basin and benefits from a substantial mineral endowment, existing infrastructure, and a supportive mining jurisdiction.
...
libertygold.ca/news/...le-of-goldstrike-and-corporate-update/
