Liberty Gold gets first staged payment of $2.2M (U.S.)

Executive Summary

• Liberty Gold received the first staged payment of US$2.2 million from the sale of its 72.1% interest in the TV Tower copper‑gold project in Turkey.
• Total consideration for the transaction is US$8.5 million; to date the company has collected US$5.9 million, with a final US$2.6 million payment due on Oct. 4, 2026.
• The cash inflow strengthens Liberty Gold’s treasury and will be directed toward advancing its core Black Pine oxide‑gold project in Idaho.

Key Details

• First staged payment received: US$2.2 million (U.S.).
• Total sale consideration for 72.1% interest in TV Tower: US$8.5 million.
• Cumulative payments received to date: US$5.9 million.
• Final staged payment amount: US$2.6 million, payable on Oct. 4, 2026.
• Transaction is non‑core and non‑dilutive for shareholders.
• Proceeds will be used to fund corporate costs and channel new funding directly into the Black Pine project’s advanced studies and permitting.

Notable Quotes

“This non-dilutive staged payment further bolsters our treasury and underscores our strategy of channeling capital into our core oxide gold project…we remain focused on unlocking the value of Black Pine, the largest undeveloped oxide gold project in the Great Basin.” – Jon Gilligan, President & CEO, Liberty Gold Corp.