From GlobeNewswire: 2025-04-13 21:00:00

Liberty Gold Corp. is providing an update on the “spin-out” process for its subsidiary, Specialty American Metals Inc., which will hold the Goldstrike Project and Antimony Ridge discovery. Shareholders of Liberty Gold will receive shares of both Liberty Gold and Specialty American. The transaction is expected to be completed in the third quarter of 2025. Key executives and board members have been identified for Specialty American, with Russell Starr as CEO. Specialty American will focus on specialty metals, leveraging the Antimony Ridge discovery at the Goldstrike Project in Utah. The capital structure of Specialty American will be finalized soon.

Russell Starr, CEO of Specialty American, brings extensive experience in the mining sector to the role. He has a background in finance and has previously been involved in significant transactions within the industry. Specialty American aims to leverage its team and assets to generate strong returns for shareholders. The company is well-positioned to capitalize on the growing demand for specialty metals, especially amidst trade wars over critical elements.

Specialty American’s executive team includes experienced individuals such as Cal Everett, Greg Etter, Peter Shabestari, and Joanna Bailey. Each member brings a unique set of skills and experience to the company. Specialty American is poised to benefit from their expertise in exploration, finance, and corporate governance. The formation of Specialty American will provide Liberty Gold shareholders with exposure to a new company focused on specialty metals in the U.S., complementing Liberty Gold’s existing projects in Idaho and Utah.



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