Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Liberty Gold ( (TSE:LGD) ) has shared an update.
Liberty Gold Corp. announced the spin-out of its Goldstrike Project and Antimony Ridge discovery into a new entity, Specialty American Metals Inc. This strategic move aims to unlock the value of its specialty metals assets, positioning the new company to pursue growth in the U.S. specialty metals market. The arrangement will allow Liberty Gold shareholders to own shares in both Liberty Gold and Specialty American, with the latter focusing on the promising Antimony Ridge discovery. The leadership team for Specialty American has been appointed, with Russell Starr as CEO, and the transaction is expected to be finalized in the third quarter of 2025.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Neutral.
Liberty Gold’s stock is challenged by poor financial performance with no revenue and ongoing losses. Technical indicators are neutral, and valuation is unattractive. However, positive corporate events, including strategic project developments, offer potential future benefits that partly offset current financial weaknesses.
To see Spark’s full report on TSE:LGD stock, click here.
More about Liberty Gold
Liberty Gold Corp. is a company involved in the mining industry, primarily focusing on gold projects. It is known for its development of the Black Pine Oxide Gold Project in Idaho and is expanding its focus to include specialty metals in the United States through its subsidiary, Specialty American Metals Inc.
YTD Price Performance: 35.60%
Average Trading Volume: 201,320
Technical Sentiment Signal: Hold
Current Market Cap: $101.1M
See more insights into LGD stock on TipRanks’ Stock Analysis page.