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LION COPPER & GOLD CORP - $LCGMF STOCK NEWS

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Rhea-AI Summary
Lion Copper and Gold Corp. announces commencement of Stage 2b and Stage 3 Advance Programs of Work for the Yerington Copper Project with a total funding of US$11,500,000. The Company aims to complete a Pre-Feasibility Study, progress permitting, and advance Bear exploration initiatives with Nuton LLC, a subsidiary of Rio Tinto.
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2.09%
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Lion Copper and Gold Corp. announces positive results of a Preliminary Economic Assessment on its Yerington Copper Project, envisioning an open pit mining strategy followed by a heap leach operation. The PEA outlines post-tax NPV7% of $356 million and IRR of 17.4%, calculated at a copper price of $3.85/lb. The Project has a 12-year open pit mine life with projected lifetime copper production of 1.4 billion pounds, a post-tax payback period of 5.0 years, and cumulative cashflow of $1.00 billion post-tax. The PEA was completed with funding from Nuton LLC, a subsidiary of Rio Tinto. The technical report will be filed within 45 days. The Project aims to minimize environmental impacts and prioritize environmental stewardship, water conservation, and benefits for tribal and local communities.
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Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) announces Nuton LLC's full funding of US$10 million for a pre-feasibility study and US$1.5 million advance for exploration on the Yerington Copper Project. The company also enters into a fourth amendment to the option to purchase agreement with Circle Bar N Ranch, LLC.
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Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) announced a joint venture agreement with Kennecott Exploration Company to advance exploration on Falcon Copper Corp.'s Cabin property and Kennecott's Muncy Creek property in Nevada. Falcon Copper will have a 60% interest if Kennecott elects to vest, and if not, Falcon Copper will retain 100% ownership, subject to a 2.0% net smelter return royalty in favor of Kennecott on the Muncy Creek property.
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Lion Copper and Gold Corp. released assay results from its 2023 exploration program in the Yerington District of Nevada. The most compelling results were found at the Bear deposit, expanding its size and highlighting additional targets. The CEO believes that systematic exploration can unlock substantial new zones of high-grade copper mineralization and significantly expand the known footprint of the deposit.
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16.67%
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Lion Copper and Gold Corp. extends Stage 2 Program of Work with Nuton LLC
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Lion Copper and Gold Corp. faces potential loss of water rights affecting its Yerington copper projects in Nevada.
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LION COPPER & GOLD CORP

OTC:LCGMF

LCGMF Rankings

LCGMF Stock Data

23.77M
246.49M
34.99%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About LCGMF

quaterra resources inc. operates as a copper exploration and development company primarily in the united states. it holds 100% interests in the macarthur and yerington properties; and holds an option to earn a 100% interest in the bear, wassuk, and butte valley properties located in nevada, as well as holds an option to acquire a 90% interest in the groundhog copper prospect located to the southwest of anchorage, alaska. the company was formerly known as aquaterre mineral development ltd. and changed its name to quaterra resources inc. in october 1997. quaterra resources inc. was incorporated in 1993 and is headquartered in vancouver, canada.