The Friends of Blencathra committee has confirmed that it is still in talks with the Earl of Lonsdale to buy the mountain after reports it has been removed from sale.
The group was set up 18 months ago to resist the proposed sale of the North Lakeland mountain for £1.75million, which comes with the title 'Lord of the Manor of Threlkeld'.
At the time, Hugh Lowther, the Earl of Lonsdale, said the sale was necessary to pay a £9million inheritance tax bill, which had to be paid within 10 years of his father's death.
However, agents activing on his behalf say they "had to make alternative arrangements" to meet the inheritance tax bill as the deadline approached, and have therefore decided to stop actively marketing the mountain.
Agents say they have had to sell properties that are currently occupied, an eventuality they were trying to avoid by selling Blencathra. However, they say these properties have been sold with the tenants in place.
They told ITV Border "bits and pieces have come together to allow us to meet the bill", by selling a mixture of properties and other parts of the estate.
They maintained that the mountain would still be for sale "if the right buyer could be found, at the right price." The Friends of Blencathra hopes that will be them.
A charity group is hopeful that it is the preferred buyer in the sale of Blencathra.
Friends of Blencathra say they are "cautiously optimistic" about the possible sale going ahead, but that nothing has been confirmed.
Kate Walby reports.
A Cumbrian mountain could be sold to a local charity group, set up with the aim of buying the 'community asset'.
"Friends of Blencathra" posted on their facebook page last night that "the trustees wish to proceed with our offer", bringing the crowd-funded charity closer to securing ownership of the fell.
The news comes after much discussion and negotiation, with Blencathra reported to have been sold to an unnamed party last July but the sale didn't go ahead.
The mountain was originally put on the market at £1.75 million. Its owner Lord Lonsdale claimed the move was necessary as he needed to raise £9 million to pay an inheritance tax bill.
After six weeks of campaigning and fundraising, the wait is almost over for the Friends of Blencathra to see if they have done enough to reclaim the mountain in the Lake District for the community.
It was put up for sale in May with a guide price of £1.75m.
Since then, supporters from all over the country plus some celebs have joined the charity to try to buy it as a community asset. Bidding closed at midday today (July 2).
Kim Inglis met three generations who have grown up visiting the mountain and want to make sure the next three generations have the chance to do the same.
The owner of Blencathra, the Lake Distict mountain which is up for sale, says he's confident it will be sold by the end of the year.
The Earl of Lonsdale says he's had a number of offers for the iconic piece of Cumbria landscape.
A number of local people are jointly trying to raise the £1.75 million to buy it. But he says he wants to get the highest price to be able to pay off a large death duties tax bill.
The community group bidding to buy a mountain in the Lake District says it is totally confident of raising £1.75m. Blencathra's current owner, Lord Lonsdale, is selling the mountain to help pay off a £9m inheritance tax bill.
Members of the group hoping to buy a Lake District fell will be on hand at the weekend to answer people's questions about their campaign.
The Friends of Blencathra want to buy the mountain, which is being sold by its owner to help pay off an inheritance tax bill. They've organised a public meeting at the Reghed Centre on Saturday afternoon.
A campaign to buy a Cumbrian fell has been boosted by the region's most famous mountaineer.
Sir Chris Bonington has agreed to become honorary president of the Friends of Blencathra group. It's trying to raise £1.75 to buy the mountain from The Earl of Lonsdale.
Kim Inglis has been to see Sir Chris to find out why he's decided to give his support.
Local mountaineer Sir Chris Bonington has agreed to become honorary president of the Friends of Blencathra.
The action group, set up to buy the iconic Lake District fell when it was put up for sale at the beginning of May, recently applied for the land to be made a community asset.
If successful the Friends of Blencathra would become the preferred buyer and have six months to raise the £1.75 million need for the sale.
Bonington thinks it's a fundamental thing that the community have come together to buy the fell.
An action group, set up to help locals buy Blencathra, have applied to Eden District Council for the land to be marked as a community asset.
If successful, the Friends of Blencathra group will become the preferred buyer for the mountain and have six months to raise the £1.75 million needed to buy the landmark.
But, the decision on it's community asset status wont be made until the night before final bids are made.