Lion Copper (LCGMD) has agreed to restructure US$2,700,000 in secured convertible debentures, extending their maturity to May 6, 2027.
The debentures bear 12% annual interest and previously matured on November 6, 2026. All accrued interest will be paid as at that date. Interest on the restructured debentures will be payable at the extended maturity in cash or common shares, at the company's choice.
In consideration for the restructuring, Lion Copper will issue 518,135 warrants, each exercisable for one common share at US$4.17 until November 6, 2031. The debentures are convertible at US$2.6055 per share. Completion remains subject to required Canadian Securities Exchange filings.
Lion Copper (OTCQB: LCGMD) appointed President and Chief Executive Officer John Banning to its Board of Directors, effective September 29, 2026.
Banning has held senior executive roles at Lion since 2024, initially as Chief Operating Officer. During his leadership, Lion completed the Yerington Copper Project's pre-feasibility study, advanced into definitive feasibility and permitting, and secured approximately US$30 million in Stage 3 investment from Nuton, a Rio Tinto venture. The Bear Deposit's maiden mineral resource estimate defined 6.71 billion pounds of contained copper in the Indicated category and 8.77 billion pounds in the Inferred category.
Lion Copper Corp. (LCGMD) has engaged ICP Securities to provide automated market making services for its shares, effective September 17, 2026.
Under a market making agreement dated September 17, ICP will receive a monthly fee of C$7,500 plus applicable taxes. The agreement has an initial four‑month term and automatically renews for additional one‑month periods unless either party gives at least 30 days’ written notice before the end of the current term. There are no performance factors, stock options, or other forms of compensation in connection with the engagement. ICP and Lion are arm’s length, and ICP and its principals held no direct or indirect interest in Lion’s securities at the time of the agreement. ICP’s role is to address temporary supply‑demand imbalances in Lion’s shares, and it will bear its own trading costs.
Lion Copper Corp. (LCGMD) has filed an independent NI 43-101 Technical Report supporting the maiden Mineral Resource Estimate for its Bear Deposit in the Yerington Copper District, Nevada, dated September 14, 2026 with an effective date of July 21, 2026.
The Bear MRE outlines an Indicated Resource of 6.71 billion pounds of contained copper (1,064 Mt at 0.29% Cu) and an Inferred Resource of 8.77 billion pounds of contained copper (1,770 Mt at 0.22% Cu), using a 0.1% Cu cut-off for sulfide material. The company notes that these Mineral Resources are not Mineral Reserves and do not demonstrate economic viability. Lion continues to advance the adjacent Yerington Copper Project through a Definitive Feasibility Study and permitting, with DFS completion targeted for Q1 2027.