Liberty Gold Secures C$8.0 Million from Warrant Exercises for Black Pine Project
Liberty Gold Corp. announced that all holders of common share purchase warrants from its May 2024 private placement have exercised their rights prior to the May 17, 2026 expiry. This activity generated approximately C$8.0 million in proceeds through the issuance of 17,857,681 common shares at an exercise price of C$0.45 per warrant. Additionally, some warrants from an April 2025 financing were exercised early, leaving 25 million outstanding. These funds significantly strengthen the company's balance sheet and financial flexibility, supporting the advancement of the Black Pine Oxide Gold Project in Idaho. Key upcoming milestones include completing the Feasibility Study by Q4 2026 and progressing through permitting under the FAST-41 framework. Combined with expected payments from non-core asset sales, Liberty Gold anticipates US$40 million in treasury funds over the next 18 months, ensuring it is fully funded through the construction decision phase. CEO Jon Gilligan highlighted that these exercises reflect shareholder confidence and support the disciplined development of the project toward future value inflection points.
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Liberty Gold Secures C$8.0 Million from Warrant Exercises for Black Pine Project
Liberty Gold Corp. announced that all holders of common share purchase warrants from its May 2024 private placement have exercised their rights prior to the May 17, 2026 expiry. This activity generated approximately C$8.0 million in proceeds through the issuance of 17,857,681 common shares at an exercise price of C$0.45 per warrant. Additionally, some warrants from an April 2025 financing were exercised early, leaving 25 million outstanding. These funds significantly strengthen the company's balance sheet and financial flexibility, supporting the advancement of the Black Pine Oxide Gold Project in Idaho. Key upcoming milestones include completing the Feasibility Study by Q4 2026 and progressing through permitting under the FAST-41 framework. Combined with expected payments from non-core asset sales, Liberty Gold anticipates US$40 million in treasury funds over the next 18 months, ensuring it is fully funded through the construction decision phase. CEO Jon Gilligan highlighted that these exercises reflect shareholder confidence and support the disciplined development of the project toward future value inflection points.