From Yahoo Finance: 2025-04-14 06:54:00

Canadian miner Liberty Gold plans to spin out its subsidiary, creating Specialty American Metals to focus on US specialty metals. Liberty Gold will concentrate on the Black Pine Oxide gold project in Idaho. Shareholders will receive Specialty American common shares, with Liberty Gold maintaining a stake in return for its investment in the Goldstrike Project.

The spin-out is structured through a plan of arrangement, pending approvals. Liberty Gold’s CEO and director will join Specialty American’s board. Specialty American will be led by CEO Russell Starr, with Liberty Gold executives taking on key roles. Liberty Gold achieved key permitting milestones for the Black Pine project in November 2024.

The move aims to unlock the value potential of the Antimony Ridge discovery and pursue growth in the specialty metals space in the US. Specialty American will focus on specialty metals, while Liberty Gold continues its operations in Idaho. Shareholders will have equity in both entities post-arrangement, with Liberty Gold maintaining a stake in Specialty American.



Read more at Yahoo Finance: Liberty Gold to spin out specialty metals unit as new US-focused company