Liberty Gold Sells TV Tower Stake for US$8.5M to Fund Black Pine Project
Liberty Gold has sold a majority stake in the TV Tower copper-gold project for US$8.5 million. The company has already received US$5.9 million, with the remaining US$2.6 million due in October 2026.
The sale, announced in April 2024, involves Liberty Gold's 72.1% interest in the project. The location of the TV Tower project is not specified. Liberty Gold received an initial US$2.2 million as part of the staged payment plan. This sale is part of Liberty Gold's strategy to redirect capital towards its core project, Black Pine in Idaho. The company expects future staged payments from the TV Tower sale to support corporate costs and project advancement at Black Pine.
Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States. Its Black Pine project in southeastern Idaho is a past-producing, Carlin-style gold system with a large, growing resource. Liberty Gold believes Black Pine has strong economic potential and can be mined profitably as an open-pit/heap leach operation.
The sale of Liberty Gold's interest in the TV Tower project has provided the company with significant funds. These funds will be used to support the advancement of the Black Pine project in Idaho, which shows great economic potential and can be mined profitably.
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