Liberty Gold Secures C$8.0 Million from Warrant Exercises for Black Pine Project
Liberty Gold Corp. announced on May 15, 2026, that it has received approximately C$8.0 million in proceeds from the full exercise of common share purchase warrants issued during its May 2024 non-brokered private placement. A total of 17,857,681 warrants were exercised at a price of C$0.45 per warrant prior to their May 17, 2026 expiry, resulting in the issuance of an equivalent number of common shares. Additionally, some warrants from an April 2025 financing were exercised early, though 25 million remain outstanding. These funds significantly strengthen the company's balance sheet and financial flexibility as it advances the Black Pine Oxide Gold Project in Idaho. Key upcoming milestones include completing the Feasibility Study by Q4 2026, progressing permitting under the FAST-41 framework, and advancing engineering activities. Combined with expected payments from recent asset sales, Liberty Gold projects US$40 million in treasury inflows over the next 18 months, ensuring it is fully funded through the construction decision phase. CEO Jon Gilligan highlighted this development as a sign of shareholder confidence and a crucial step toward value creation.
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Liberty Gold Secures C$8.0 Million from Warrant Exercises for Black Pine Project
Liberty Gold Corp. announced on May 15, 2026, that it has received approximately C$8.0 million in proceeds from the full exercise of common share purchase warrants issued during its May 2024 non-brokered private placement. A total of 17,857,681 warrants were exercised at a price of C$0.45 per warrant prior to their May 17, 2026 expiry, resulting in the issuance of an equivalent number of common shares. Additionally, some warrants from an April 2025 financing were exercised early, though 25 million remain outstanding. These funds significantly strengthen the company's balance sheet and financial flexibility as it advances the Black Pine Oxide Gold Project in Idaho. Key upcoming milestones include completing the Feasibility Study by Q4 2026, progressing permitting under the FAST-41 framework, and advancing engineering activities. Combined with expected payments from recent asset sales, Liberty Gold projects US$40 million in treasury inflows over the next 18 months, ensuring it is fully funded through the construction decision phase. CEO Jon Gilligan highlighted this development as a sign of shareholder confidence and a crucial step toward value creation.