Liberty Gold Announces Intention to Spin-Out Goldstrike/Antimony Ridge Project, Southwest Utah to Create a New U.S. Strategic Metals Company

VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the discovery of a third zone of high-grade antimony mineralization at Antimony Ridge. As a result, the Company intends to “spin-out” the Goldstrike Project with the Antimony Ridge discovery into a separate entity. This creates for shareholders, an interest in both Liberty Gold, moving Black Pine Oxide Gold through permitting into production and in “NewCo”, a new United States (“U.S.”) strategic metal focussed exploration & development company initially based on the high-grade antimony discovery at Antimony Ridge. Full details of the proposed arrangement will be released in due course and it is expected to be subject to customary conditions, including shareholder, regulatory and court approval.

Read more at globenewswire.com