Liberty Gold Corp. /CAN Business Summary

Liberty Gold Corp. is a pre-revenue mineral exploration and development company focused on large-scale, open-pit oxide gold deposits in the Great Basin of the United States. The company’s primary business model centers on advancing its flagship Black Pine project in Idaho through the de-risking and permitting phases to reach a construction decision. As of February 2026, Liberty Gold has significantly expanded its resource base, reporting an updated Mineral Resource Estimate at Black Pine of 4.88 million indicated and 1.05 million inferred gold ounces, with a formal feasibility study slated for completion in late 2026. Following the 2025 spin-out of its Goldstrike and antimony assets into Specialty American Metals Inc., the company has streamlined its operations to focus exclusively on its Idaho oxide gold portfolio. Liberty Gold competes directly with other Great Basin developers such as i-80 Gold, Snowline Gold, and Integra Resources, positioning itself as a top-tier North American developer due to its project’s scale, low-cost heap-leach potential, and inclusion in the FAST-41 federal permitting framework. The leadership team is led by President and CEO Dr. Jonathan Gilligan, who assumed the role in June 2025 after serving as COO, bringing over 35 years of experience from senior roles at SSR Mining and BHP. He is supported by CFO Joanna Bailey and VP of Exploration Peter Shabestari, a key figure in the discovery of the Long Canyon deposit. The company’s pedigree is rooted in the successful 2011 sale of Fronteer Gold to Newmont for $2.3 billion, a legacy maintained by Chairman Greg Etter and Director Robert Pease. Liberty Gold’s strategic direction is further guided by a board including Wendy Louie and Barbara Womersley, with significant institutional backing from major shareholders such as Van Eck Associates (8.9%), Franklin Resources (8.2%), and ASA Gold and Precious Metals.