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Podcast: Mining Stock Daily
Episode: Morning Briefing: Heliostar Metals to aquire Liberty Gold project, Trump announcement lifts markets
Description: Heliostar Metals announced today that it signed a binding agreement to acquire full ownership of the Goldstrike project in Utah from Liberty Gold Corp. To acquire the project, Heliostar will pay Liberty Gold a total consideration of US$72.5 million. The transaction is structured to include an initial US$10 million in cash and approximately 1.59 million shares at closing, with the remaining US$60 million distributed across future milestones and anniversaries over a five-year period. Heliostar said the deal will support Heliostar's goal of reaching 500,000 ounces of annual gold production by the end of the decade.Early...