Recorded on April 13 2026
TSX: LGD
OTCQX: LGDTF
Jon Gilligan, President, CEO and Director of Liberty Gold, joins Andy Millette to explain why Black Pine is moving into a more clearly defined development phase and why the market is starting to respond. Gilligan walks through the FAST 41 permitting schedule, the January 5 2028 federal target date, and why the alignment between state and federal permitting matters so much for de risking the project. He also explains why the notice of intent was a key milestone, why the market began to re rate the story, and how Liberty Gold is shifting from being viewed as a long dated possibility to a more executable development story. The conversation also covers the Gage transaction, the Goldstrike sale path, and how management sees roughly 30 million USD going into treasury over the next 18 months in a non dilutive way. Gilligan also makes the valuation case, arguing Liberty Gold still sits below typical developer multiples even after the recent move. If you follow gold developers, Idaho gold projects, mine permitting, or potential rerate stories in the resource sector, this interview gives you the timeline, balance sheet angle, and execution case in one place. #Millettian
Key topics
FAST 41 permitting schedule
Black Pine timeline and January 2028 target
State and federal permit alignment
Notice of intent and formal NEPA process
Gold developers versus producers
Goldstrike sale path and treasury impact
Gage transaction with Blue Moon
Non dilutive balance sheet strategy
Valuation gap and rerate case
Why Liberty Gold is now a Black Pine focused story
Guest and company links
https://libertygold.ca
Host Andy Millette and Natural Resource Stocks
https://www.NaturalResourceStocks.net
https://www.youtube.com/@NaturalResourceStocks
https://www.youtube.com/@NaturalResoureStocksClips
https://www.linkedin.com/in/andymillette
https://www.linkedin.com/company/naturalresourcestocks-net
https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713
https://www.instagram.com/naturalresourcestocks
Chapters
00:00 Cold open
02:35 Intro
02:47 Gold market and developer setup
06:31 Why Liberty Gold started to rerate
07:29 FAST 41 schedule and January 2028 target
08:16 State and federal permitting alignment
09:35 Notice of intent and formal NEPA start
10:30 Non core assets and portfolio cleanup
12:16 Goldstrike timing and treasury impact
13:16 Focus and execution at Black Pine
14:21 Valuation gap and rerate argument
17:26 Where investors can find Liberty Gold
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