07:10 AM EDT, 04/28/2025 (MT Newswires) -- Liberty Gold ( LGDTF ) on Monday said Chief Executive Cal Everett will retire and become a non-executive director at the company's spin-out entity Specialty American Metals. Jon Gilligan will be appointed as Liberty's president and CEO, effective June 12.

Everett will stay on as a senior financial strategist for Liberty, working closely with Gilligan and with the board in an advisory capacity, the company said. Everett will focus on building up Specialty American Metals, a new U.S. critical metals exploration and development company that holds 100% of the Goldstrike/Antimony Ridge project in Utah. Liberty, in turn, will focus on permitting and developing its flagship oxide gold asset at Black Pine.

Liberty's share price lost 4.8% to $0.30 on Friday.