Lion Copper & Gold Corp Stock Price, News & Analysis

Lion Copper and Gold (OTCQB: LCGMF) closed an oversubscribed non-brokered convertible debenture financing for US$2.7 million on November 6, 2025.

The Debentures carry 12% annual interest, 12-month maturity, and are convertible into common shares at US$0.0965 per share until November 6, 2026; interest may be settled in shares at the company's option. The company issued 27,979,274 detachable warrants exercisable at US$0.0965 until November 6, 2030.

Proceeds are intended to buy lands and mineral rights for the Yerington projects; the Debentures will be secured against those assets. One insider director purchased US$1.4 million of the Debentures, creating a related‑party position. All securities carry resale hold periods and are not registered in the United States.

Lion Copper and Gold (OTCQB: LCGMF) announced a non-brokered private placement of secured convertible debentures for gross proceeds of up to US$2,500,000 on October 29, 2025.

The Debentures pay 12% per annum, mature in 12 months, and are convertible at US$0.0965 per share. Interest may be settled in shares at the company's option. Proceeds will be used to purchase lands and associated mineral rights for the Yerington area projects, and the Debentures will be secured against those lands and rights.

The company will also issue up to 25,906,735 warrants exercisable at US$0.0965 for 60 months. One related-party subscription equals US$450,000; the company intends to rely on MI 61-101 exemptions. Securities are subject to hold periods and US resale restrictions.

Lion Copper and Gold Corp. (OTCQB: LCGMF) has filed a Pre-Feasibility Study (PFS) Technical Report for its wholly-owned Yerington Copper Project in Nevada. The study, funded by strategic partner Nuton LLC, a Rio Tinto venture, confirms the project's potential as a significant refined copper cathode producer in the United States.

The PFS, prepared by Samuel Engineering Inc. with input from independent Qualified Persons, aligns with the key results previously announced in the Company's August 1, 2025 news release. The technical report is now available on the company's website and SEDAR+.

Lion Copper and Gold (OTCQB: LCGMF) has announced positive Pre-Feasibility Study (PFS) results for its Yerington Copper Project in Nevada. The project demonstrates strong economics with a post-tax NPV (7%) of $694 million and 14.6% IRR at a base case copper price of $4.30/lb.

Key highlights include average annual production of 120 million pounds of refined copper cathode over a 12-year mine life, with Proven and Probable Reserves of 506.5 million tons at 0.21% CuT, containing 2.14 billion pounds of copper. The project features strong recovery rates of 67.4% LOM, with initial capital requirements of $724 million and operating costs of $1.92/lb (C1).

The project benefits from extensive infrastructure, secured water rights, and environmental advantages, positioning it as a significant U.S. domestic copper producer.

Lion Copper and Gold (LCGMF) has announced a strategic leadership transition at its Yerington Copper Project. John Banning, previously COO, has been appointed as the new CEO effective April 4, 2025, replacing Steven Dischler who will transition to Director of Community Relations.

As part of Banning's compensation package, the company has granted two sets of performance options:

• 3,750,000 options at US$0.08 per share, vesting at US$100M market cap
• 3,750,000 options at US$0.08 per share, vesting at US$200M market cap

The transition comes as the company prepares to complete its Pre-Feasibility Study and subsequent development phases of the Yerington Copper Project. Under Dischler's leadership, the company notably secured critical water rights for the project's advancement.

Lion Copper and Gold (LCGMF) has successfully negotiated a Settlement Agreement with the Nevada Division of Water Resources and State Engineer to reinstate previously forfeited water rights for the Yerington Copper Project. The agreement secures 6,014 acre-feet of primary groundwater rights for mining purposes, resolving all outstanding legal proceedings related to earlier water rights forfeitures.

The State has officially rescinded its notice of forfeiture, restoring the company's water rights to good standing. Lion CG will maintain compliance through regular applications for extensions of time until the water is put to beneficial use for mining operations. The company remains on track to complete the Project's Pre-Feasibility Study by June 2025.

Lion Copper and Gold Corp (CSE: LEO, OTCQB: LCGMF) provided an update on its Yerington Copper Project Pre-Feasibility Study (PFS), which is on track for completion in June 2025. The study is funded by Nuton 's Stage 2c funding and builds upon the March 2024 Preliminary Economic Assessment (PEA).

Key 2024 highlights include receiving US$16.5M from Nuton , completing 9,491 ft of resource drilling at Yerington and MacArthur mines, and 7,048 ft of exploration drilling at the Bear Deposit. Metallurgical testing shows potential improvements in copper recovery with lower acid consumption using the Nuton process.

The company completed various environmental and permitting studies, including water treatment evaluation and hydrogeological assessments. Engineering work continues on infrastructure design, facility siting, and mine optimization. A water rights hearing is scheduled for mid-March 2025 regarding the company's defense against water rights forfeiture at the Yerington Mine.

Lion Copper and Gold Corp (CSE: LEO) (OTCQB: LCGMF) has received US$5 million in additional funding from Nuton , a Rio Tinto subsidiary, for advanced studies and pre-feasibility study completion at the Yerington Copper Project. The company plans to repay US$941,813 in convertible debentures early by December 15, 2024, ahead of their February 16, 2025 maturity date.

The company has also adopted a new rolling stock option plan, replacing its previous fixed plan, allowing up to 20% of issued shares for stock options. Under this plan, 17,160,000 stock options were granted to directors, officers, employees and consultants, exercisable at C$0.085 per share with a five-year expiration.

Lion Copper and Gold Corp announces an amendment to Stage 2c Program of Work Agreement with Nuton , a Rio Tinto subsidiary, extending Stage 2 to June 30, 2025. The agreement includes US$5 million in additional funding from Nuton for advanced studies and pre-feasibility study (PFS) completion at the Yerington Copper Project. This brings Nuton's total funding to US$28 million, with US$19 million as Stage 3 advance funding. The project aims to implement Nuton's copper leaching technologies at Yerington, a district with over 17 billion pounds of copper endowment.