Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has announced receipt of the final staged payment of US$2.6 million from the sale of its 72.1% interest in the TV Tower copper-gold project in Türkiye, completing the total US$8.5 million consideration under the transaction. The proceeds are non-dilutive, meaning existing shareholders were not subject to share dilution to raise the capital. The completion of this monetisation allows the company to sharpen its focus on the Black Pine Oxide Gold Project in southeastern Idaho, which has advanced significantly since the TV Tower sale was first announced in 2024.

Key Points

  • Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced the final payment from its TV Tower asset sale
  • The US$2.6 million final payment completes total consideration of US$8.5 million from the TV Tower divestiture
  • Black Pine has completed a feasibility study and holds FAST-41 Covered Project designation under the U.S. federal permitting programme
  • Investors may be watching for updates on Black Pine permitting progress, engineering work, and financing developments

TV Tower Sale Delivers Full US$8.5 Million to Liberty Gold Treasury

The TV Tower copper-gold project, located in Biga Province in northwest Türkiye, was first announced for sale in April 2024, with subsequent staged payments disclosed in October 2024 and October 2025. The final US$2.6 million payment now closes the transaction entirely. The release states the sale converted a non-core asset into non-dilutive capital, a structure that preserves existing shareholder value by avoiding equity issuance. Liberty Gold described the transaction as enabling the company to maintain its strategic focus on its flagship asset in Idaho.

Black Pine Oxide Gold Project Advances Through Permitting and Engineering

Since the TV Tower sale was announced, Liberty Gold reports that Black Pine has progressed from prefeasibility to a completed feasibility study, with formal mine permitting now underway. The project has received designation as a Covered Project under the U.S. federal FAST-41 programme, a framework designed to streamline environmental review and permitting for major infrastructure projects. The company states that engineering, project optimisation, and financing work are advancing in parallel to support what it describes as a disciplined path toward a future construction decision.

CEO Highlights Non-Dilutive Capital and Development Milestone Progression

President and CEO Jon Gilligan commented that the final payment completes the monetisation of a non-core asset and adds US$2.6 million to the company's treasury. He noted that over the past two years, Black Pine has moved from prefeasibility to a completed feasibility study with a defined permitting process. Gilligan stated that the company's priority is advancing engineering, permitting, and financing work to support a disciplined construction decision, though no timeline for that decision was disclosed in the announcement.