09:09 AM EDT, 03/23/2026 (MT Newswires) -- Liberty Gold ( LGDTF ) said Monday it has entered into a definitive share purchase agreement to sell the issued and outstanding shares of its subsidiary, Speciality American Metals, which owns the Goldstrike project in Utah, to Heliostar Metals ( HSTXF ) for US$72.5 million.

Liberty Gold ( LGDTF ) said the sale will provide the company with additional capital to advance its flagship Black Pine Oxide Gold Project located in southern Idaho.

A statement noted the transaction has been approved by the Board and closing remains subject to TSX-V regulatory approvals, as well as customary closing conditions for a transaction of this nature, and is expected to occur within 30 days.

Earlier Monday, Liberty Gold ( LGDTF ) said that a coordinated federal and state permitting schedule has been established for its 100%-owned Black Pine Oxide Gold Project, located in southeastern Idaho.

In a statement, the company noted that, following completion of a structured schedule review period with relevant federal and state of Idaho agencies, Black Pine now benefits from a clearly defined, interagency-aligned permitting timetable under the National Environmental Policy Act (NEPA).

The company said that the schedule has been posted to the United States government permitting dashboard, pursuant to the U.S. Federal Permitting Improvement Steering Committee Council FAST-41 federal permitting framework (FAST-41).

"The establishment and publication of a coordinated federal and state permitting schedule for Black Pine is a major milestone for the project," said Jon Gilligan, President and Chief Executive Officer of Liberty Gold ( LGDTF ). "FAST-41 provides a transparent and disciplined framework that aligns agencies, timelines, and accountability that is typically not provided for U.S. mining projects."

Shares in LGD were down 3% last Friday amid broader market losses.