Liberty Gold reports Q2 financial results, including private placement and sale of TV Tower Project.

From GlobeNewswire: 2024-08-12 19:30:00

Liberty Gold Corp. announced their financial and operating results for the second quarter of 2024. The company sold 35,715,362 units at an issue price of C$0.35 per unit under a private placement, raising C$12.5 million. They also signed an agreement to sell the TV Tower Project in Türkiye for $11.5 million and appointed a Director of Regulatory Affairs and Sustainability.

The company commenced a 20,000 meter drill program at the Black Pine project and progressed the pre-feasibility study, focusing on infrastructure development. They hosted a mine permitting kick-off meeting with key representatives and approved the fourth plan of operations amendment, increasing the permitted exploration area by 51% to 37.3 square kilometers.

Selected financial data for the three months ended June 30, 2024, showed a loss for the period of $(3,683) attributable to shareholders. As of June 30, 2024, they had cash and short-term investments totaling $13,267 and total assets of $39,162. Liberty Gold is focused on exploring and developing open pit oxide deposits in the Great Basin of the United States, known for large-scale gold projects suitable for open-pit mining. For more information, visit their website or contact the Investor Relations Manager.



Read more at GlobeNewswire:: Liberty Gold Reports Q2 2024 Financial and Operating