Liberty Gold Corp. (LGDTF) reports developments tied to its U.S.-focused gold development portfolio, led by the 100%-owned Black Pine oxide gold project in southeastern Idaho. Company news commonly covers Black Pine drilling, resource conversion, feasibility study work, mine planning, and permitting activity under federal and state review processes, including NEPA environmental review and FAST-41 scheduling.
Updates also document portfolio rationalization through completed project divestitures, including Goldstrike in southern Utah and the Gage Project, as Liberty Gold concentrates on Black Pine. Governance announcements, board transitions, material agreements, capital-structure matters, and operating and financial updates are recurring categories in the company's public communications.
Liberty Gold (OTCQX:LGDTF) reported third-quarter financial results and progress toward construction readiness at its Black Pine gold project in Idaho. Quarterly basic and diluted loss per share widened to $0.02 from $0.01 a year earlier; nine-month earnings per share were $0.05 versus a $0.03 loss. Cash was $28.575 million at September 30, versus $28.077 million at year-end.
The completed feasibility study estimates $2.4 billion after-tax net present value, discounted at 5%, and a 60% internal rate of return at $3,250-per-ounce gold. It supports average annual payable production of 202,000 ounces in Years 1–5, with $411.4 million initial capital. Detailed engineering has begun, fabrication capacity is secured for selected equipment, and a preliminary design report initiated Idaho cyanidation permitting. Drilling extended Rangefront mineralization; metallurgical testing supported study assumptions.
Liberty Gold (LGDTF) has appointed Craig Dudra to its Board of Directors, with the appointment effective December 1, 2026.
Dudra brings more than 30 years of capital markets and leadership experience. He previously served as Managing Director and Regional Head of British Columbia at RBC Capital Markets, covering mergers and acquisitions, equity financings and debt capital markets. He is a Chartered Accountant and CFA charter holder. Liberty Gold said his experience will support oversight of financing strategy and capital allocation as it advances Black Pine toward a construction decision and evaluates funding alternatives.
Liberty Gold (LGDTF) has begun detailed engineering and secured long-lead equipment fabrication commitments for its wholly owned Black Pine project in Idaho. Engineering began in August, following work underpinning the feasibility study completed in September. M3's infrastructure and processing engineering is approximately 5% complete; NewFields' heap leach facility engineering is approximately 15% complete.
Contracts with Nexus Power cover electrical transformers, while CGS Associates will supply the gold recovery plant and refinery packages. Liberty Gold targets engineering completion in Q3 2027 and construction commencement in H1 2028, subject to permitting approvals and a formal construction decision. Mining fleet bids are under evaluation. The company targets a project delivery and operations team of more than 60 employees by the end of 2027 and continues permitting under the federal FAST-41 framework.
Liberty Gold (LGDTF) reported initial Black Pine drill results, defining a northern extension of oxide gold mineralization at its Idaho project. The completed phases form part of a planned 50,000-metre 2026 program. Rangefront drilling defined an extension 200 metres north of the resource shell and up to 400 metres wide. Highlights included 0.36 grams of gold per tonne over 144.8 metres in LBP1347. Approximately 25 to 35 million tonnes of inferred material has been targeted for a resource classification upgrade.
Legacy rock storage drilling returned 0.86 grams per tonne over 59.4 metres in BP26BF_CD039. Its use as reserves or construction material remains under evaluation; recovery indicators varied from 8% to 98%, and assays from 16 A-facility holes remain pending. Liberty Gold plans further resource-confidence, expansion and engineering drilling; completion of the resource-confidence programs is weather dependent.
Liberty Gold (LGDTF) appointed Curtis Cadwell as General Manager of its Black Pine gold project, effective October 12, 2026.
The southeastern Idaho project is advancing through detailed engineering and permitting. Cadwell brings three decades of mining experience, including more than 20 years at Barrick Gold in operating and financial roles. He previously oversaw Barrick Nevada's Goldstrike and Cortez operations and most recently supported Kinross Gold's Nevada operations as Finance Manager. Liberty Gold is building its operating team for project development and future production; construction remains subject to a construction decision and necessary federal and state permits.
Liberty Gold (LGDTF) received the final US$2.6 million staged payment from the sale of its interest in the TV Tower project.
The payment completes US$8.5 million in consideration for its 72.1% interest in the copper-gold project in northwest Türkiye. The sale supplied capital without issuing shares. Liberty Gold has completed a feasibility study for its Black Pine Oxide Gold Project in southeastern Idaho and is advancing formal mine permitting. Black Pine has been designated a Covered Project under the U.S. federal FAST-41 program. Engineering, project optimization and financing work are progressing in parallel to support a future construction decision.
Liberty Gold (LGDTF) has filed a National Instrument 43-101 feasibility study technical report for its 100% owned Black Pine oxide gold project in Idaho, USA, effective August 1, 2026. The report, titled “Technical Report and Feasibility Study for the Black Pine Project, Idaho, USA,” is dated September 18, 2026 and is available on the company’s SEDAR+ profile and website. It was prepared by a multi-disciplinary team of industry consultants covering mineral reserves and resources, mining, metallurgy, heap leach design and operations, mineral processing, infrastructure, financial evaluations, environmental matters, permitting, hydrology and hydrogeology.
Liberty Gold (LGDTF) reported Phase 6 metallurgical bulk column test results validating operating gold leach recoveries for run-of-mine (ROM) material at the Black Pine oxide gold project in Idaho.
Seven ROM-sized bulk samples (2–8 inch P80, ~10–15 tonnes each) were leached in 4 ft by 20 ft columns to simulate commercial ROM heap performance. Average weighted gold extraction from the bulk columns was 72.4%, in line with recoveries modeled in the recent Feasibility Study, with all samples falling within modeled ranges except Rangefront, which exceeded predictions. Reducing particle size from 10 inches to 1 inch increased extraction by less than 3%, supporting a no-crush ROM heap leach strategy.
On average, 90% of total gold extraction occurred within 36 days, and cyanide and lime consumption matched Feasibility Study assumptions. Six of seven ROM samples showed adequate permeability under simulated compaction to 150 m. Weighted average silver recovery was 21%, with peak extractions up to 39%.
Liberty Gold (LGDTF) has been added to the MVIS Global Junior Gold Miners Index, effective September 18, 2026, following the September semi-annual review announced September 11, 2026.
The Index is the underlying benchmark for the VanEck Junior Gold Miners ETF (GDXJ), which seeks to replicate the Index’s price and yield performance. Liberty Gold’s CEO said index inclusion marks further progress in the company’s evolution as a North American gold development company and is expected to expand its visibility, liquidity profile and accessibility for institutional and retail investors.
Liberty Gold is advancing its 100%-owned Black Pine oxide gold project in Idaho, a past-producing heap-leach deposit progressing through feasibility and permitting toward a potential modern open-pit operation.
Liberty Gold (LGDTF) reported a completed NI 43-101 Feasibility Study for its 100%-owned Black Pine oxide gold project in Idaho, defining a 16-year, open-pit, run-of-mine heap leach mine with a base case after-tax NPV(5%) of US$2.397 billion and 60.5% IRR at US$3,250/oz gold, based on initial capital of US$411.4 million.
The study outlines a 4.04 million oz Au Probable Mineral Reserve (433.3 Mt at 0.29 g/t Au), average payable production of 202,000 oz Au per year in Years 1–5 and 176,700 oz Au per year over life-of-mine, with peak annual output of 277,400 oz in Year 5 and 294,600 oz in Year 13. Life-of-mine cash costs are estimated at US$1,388/oz Au and AISC at US$1,566/oz Au. At US$4,500/oz gold, after-tax NPV(5%) rises to US$4.336 billion with 104.3% IRR and 1.2-year payback; at US$2,500/oz, NPV(5%) is US$1.215 billion with 33.4% IRR and 3.4-year payback. Total life-of-mine capital, including sustaining and closure, is projected at US$825.5 million.