07:14 AM EDT, 10/07/2024 (MT Newswires) -- Liberty Gold ( LGDTF ) on Monday said it has closed the sale of its interest in the TV Tower copper gold project in Biga Province, northwest Turkey for US$3.7 million.

Liberty Gold's ( LGDTF ) share of the remainder of the gross proceeds, totaling US$4.8 million, will be paid in two stages, in 2025 and 2026.

"The closing of the TV Tower transaction has completed the monetization process of all of Liberty Gold's ( LGDTF ) Turkish assets and removes the approximate one million dollar annual funding draw. It enables the company to focus solely on advancing its projects in the Great Basin," said Cal Everett, CEO.

Liberty Gold ( LGDTF ) is also nearing completion of a pre-feasibility study of the Black Pine Oxide Gold Project in Idaho.