07:46 AM EST, 11/04/2024 (MT Newswires) -- Liberty Gold ( LGDTF ) said Monday that it achieved permitting milestones for the Black Pine oxide gold project in Idaho.

The company said its collaborative efforts with the U.S. Forest Service (USFS) resulted in the recent execution of a Memorandum of Understanding and a Cost Recovery Agreement.

Liberty Gold ( LGDTF ) also said that the selection and approval of a third-party contractor for the National Environmental Policy Act process was also received from the USFS and Bureau of Land Management.

"These developments underscore our commitment to working closely with federal regulators to ensure a thorough and transparent permitting process that meets the highest environmental and regulatory standards," said Matt Zietlow, director of regulatory affairs and sustainability of Liberty Gold ( LGDTF ). "Our progress in permitting brings us closer to unlocking the significant value of our flagship project and aligns with our commitment to environmental responsibility and stakeholder engagement."

Liberty Gold ( LGDTF ) made the announcement after its share price dropped 8.5% last Friday to $0.325.