Lion Copper & Gold (LCGMF) advances Yerington DFS with drilling, onsite workshop

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Lion Copper and Gold Corp. furnished an update on advancing the Definitive Feasibility Study for its flagship Yerington Copper Project in Nevada. The company has engaged all key engineering and technical consultants, conducted a multi-day on-site DFS and permitting kickoff workshop, and started several drilling programs.

Current field work includes resource drilling to support potential mineral reserve expansion and refine the resource base, along with piezometer and geotechnical drilling in the pit area to better understand groundwater conditions, optimize pit slope design and stability analysis, and support environmental and permitting workstreams in collaboration with Nuton.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Furnishing date: April 15, 2026 8-K form item: Item 7.01 Stage reference: Stage 3

3 metrics

Furnishing date April 15, 2026 Date of project milestones news release

8-K form item Item 7.01 Regulation FD disclosure of project update

Stage reference Stage 3 Referenced in forward-looking discussion of potential investment vehicle

Key Terms

Definitive Feasibility Study, DFS, piezometer drilling, earn-in agreement, +2 more

6 terms

Definitive Feasibility Study financial

"all key engineering and technical consultants required to deliver the Definitive Feasibility Study"

A definitive feasibility study is a detailed, near-final assessment that shows whether a proposed project—often a mine, infrastructure or major industrial venture—can be built and operated profitably. It combines precise engineering plans, realistic cost estimates, production schedules and risk analysis to give lenders and investors a clear picture of expected returns and potential pitfalls, like a full blueprint and budget that helps decide whether to greenlight financing and construction.

DFS financial

"DFS consultant team finalized, on-site workshop completed, and multiple drilling programs underway"

Disease-free survival (DFS) is a clinical-trial measure that counts how long patients remain free of signs or return of a disease after treatment. Investors use DFS to judge whether a therapy is working beyond immediate responses — like timing how long a repaired roof stays leak-free after fixes — because stronger, longer DFS can signal a more effective treatment, better market potential and clearer paths to approval or reimbursement.

piezometer drilling technical

"initiated piezometer drilling and installation, as well as geotechnical drilling, within the Yerington pit area"

earn-in agreement financial

"advancing its Yerington, MacArthur and Bear projects in Lyon County, Nevada through an earn-in agreement with Nuton"

An earn-in agreement is a contract where one company gradually gains ownership in a project or business by meeting agreed milestones, usually through funding, completing work, or making payments. It matters to investors because it spreads risk and cost over time, like paying for a car in installments only if it runs as promised, and signals future ownership shifts and potential dilution or value creation for current shareholders.

forward-looking statements regulatory

"This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Nuton Technology technical

"the potential deployment of Nuton® Technology at the Yerington Copper Project"

Understanding 8-K Material Events →

04/24/2026 - 12:05 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 15, 2026

LION COPPER AND GOLD CORP.
(Exact name of registrant as specified in its charter)

British Columbia	98-1664106	Not Applicable
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

517 West Bridge St., Suite A
Yerington, Nevada, United States 89447
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (775) 463-9600

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbols		Name of each exchange on which registered
—		—		—

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD.

On April 15, 2026, Lion Copper and Gold Corp. (the "Registrant") issued a press release announcing an update on advancing a feasibility study on its Yerington Copper Project. A copy of the press release is attached to this report as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in Item 7.01 and in the press release is deemed to be "furnished" and shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01 Financial Statements and Exhibits.

99.1	News release dated April 15, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Lion Copper and Gold Corp.
Date:	April 20, 2026	(Registrant)
		/s/ Lei Wang
		Lei Wang, Chief Financial Officer

CSE: LEO | OTCQB: LCGMF

Lion Copper & Gold Corp. Announces Key Milestones Advancing the Yerington Copper Project

DFS consultant team finalized, on-site workshop completed, and multiple drilling programs underway

Yerington, Nevada - April 15, 2026 - Lion Copper & Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ("Lion" or the "Company") is pleased to announce the achievement of multiple strategic milestones advancing its flagship Yerington Copper Project in Nevada, including the completion of all consultant engagements for the Definitive Feasibility Study ("DFS"), a successful on-site kickoff workshop, and the commencement of multiple drilling programs.

DFS Consultant Engagements Complete

The Company has now completed the engagement of all key engineering and technical consultants required to deliver the DFS for the Yerington Copper Project. The integrated team brings together leading expertise across mining, processing, environmental, hydrogeological, and infrastructure disciplines.

DFS and Permitting Kickoff Workshop Conducted On-Site

Lion recently hosted a multi-day DFS and permitting kickoff workshop at the Yerington project site, bringing together all core members of the study team. Key objectives achieved during the workshop included:

• Aligning technical assumptions and project scope

• Advancing engineering design parameters

• Coordinating workstreams across disciplines

• Confirming timelines and deliverables

The on-site engagement provided a strong foundation for collaboration and efficient execution of the DFS.

Drilling Programs Underway

Lion has commenced multiple drilling campaigns designed to de-risk and optimize project design:

1. Resource Drilling

Drilling is now underway to support potential mineral reserve expansion and further delineate the resource base within the planned mining areas.

2. Piezometer and Geotechnical Drilling

In parallel, Lion has initiated piezometer drilling and installation, as well as geotechnical drilling, within the Yerington pit area. These programs are designed to:

• Advance understanding of groundwater conditions

• Optimize pit slope design and stability analysis

• Advance environmental and permitting workstreams

Management Commentary

John Banning, Chief Executive Officer of Lion, commented:

"These milestones represent a significant step forward as we execute the definitive feasibility study and permitting stages at Yerington. With an exceptional team of technical partners in place and active field programs underway, we are focused on advancing the project with discipline while continuing to reduce risk and unlock value."

About Lion Copper and Gold Corp.

Lion CG is a junior mining company advancing its Yerington, MacArthur and Bear projects in Lyon County, Nevada through an earn-in agreement with Nuton. The Project focuses on accelerating production from its long-life, low-strip-ratio, brownfield-advantaged Yerington Copper Project utilizing modern processing technologies.

About Nuton 

Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability that offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations. 

One of the key differentiators of Nuton is the ambition to produce the world's lowest footprint copper while having at least one Positive Impact at each deployment site across five pillars: water, energy, land, materials and society. 

John Banning
Chief Executive Officer
Lion Copper and Gold Corp.

For more information, please contact:
Email: info@lioncg.com

NEWS RELEASE

Forward-Looking Statements

Neither Canadian Stock Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events or performance and reflect the Company's current expectations or beliefs regarding future events. All statements other than statements of historical fact may be forward-looking statements.  Forward-looking statements in this release include, but are not limited to, completion of a Definitive Feasibility Study, permitting, engineering and technical work programs; the potential timing and pathway to commercial copper cathode production; the potential deployment of Nuton® Technology at the Yerington Copper Project; the possible creation of an investment vehicle and the respective ownership interests upon completion of Stage 3; the Company's expectations regarding project derisking, strategic milestones, and ongoing collaboration with Nuton; and the Yerington Project's ability to contribute to domestic copper supply and respond to increasing market demand. Forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant operational, technical, economic, and competitive uncertainties and contingencies. These assumptions include, but are not limited to: that the Feasibility Study and permitting process will be completed on the anticipated schedule; that Nuton® Technology will operate as intended at scale; that required regulatory approvals will be obtained; that financing will be available on reasonable terms; and that market conditions for copper will remain favourable. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. These risks include, but are not limited to: risks related to mineral exploration and development, permitting delays, changes in regulatory frameworks, cost escalation, inability to secure financing, technical challenges associated with deployment of new extraction technologies, commodity price fluctuations, community relations, supply chain constraints, and other customary risks in the mining and technology sectors. There can be no assurance that Stage 3 will be completed as contemplated, or at all, that the Parties will proceed to establish an investment Vehicle upon completion of Stage 3, that the Yerington Project will reach commercial production, or that Nuton® Technology will provide intended benefits at scale.  Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statements except as required by applicable securities laws. Forward-looking statements speak only as of the date of this news release.

NEWS RELEASE

Source: View Original Filing on SEC EDGAR

FAQ

What did Lion Copper and Gold Corp. (LCGMF) announce about the Yerington Copper Project?

Lion Copper and Gold announced key milestones advancing the Yerington Copper Project, including completing all consultant engagements for a Definitive Feasibility Study, holding an on-site DFS and permitting workshop, and starting multiple drilling programs to refine resources, engineering design, and permitting-related technical data.

What is the status of the Definitive Feasibility Study for Lion Copper and Gold’s Yerington project?

The company has finalized engagements for all key engineering and technical consultants needed to deliver the Definitive Feasibility Study. An integrated team now covers mining, processing, environmental, hydrogeological, and infrastructure disciplines, following an on-site kickoff workshop aligning assumptions, scope, timelines, and deliverables.

What drilling programs are underway at Lion Copper and Gold’s Yerington Copper Project?

Lion Copper and Gold has initiated resource drilling to support potential mineral reserve expansion and further define the resource base. It also started piezometer and geotechnical drilling in the Yerington pit area to analyze groundwater conditions, pit slope stability, and support environmental and permitting workstreams.

How is permitting being advanced at Lion Copper and Gold’s Yerington Copper Project?

Permitting is being advanced through a multi-day on-site DFS and permitting kickoff workshop that aligned technical assumptions and project scope. The company also launched hydrogeological and geotechnical drilling programs, which provide data for environmental reviews and regulatory submissions associated with permitting activities.

What is Nuton’s relationship to Lion Copper and Gold’s Yerington Copper Project?

Lion Copper and Gold is advancing the Yerington, MacArthur, and Bear projects through an earn-in agreement with Nuton, a Rio Tinto venture. Nuton contributes proprietary copper leaching technologies aimed at unlocking primary sulfide resources and targeting lower-footprint copper production with defined positive impacts at deployment sites.

What forward-looking statements did Lion Copper and Gold highlight in this Yerington project update?

The company referenced expectations around completing the Definitive Feasibility Study and permitting, potential timing and pathway to commercial copper cathode production, deployment of Nuton Technology, possible creation of an investment vehicle after Stage 3, and the Yerington Project’s potential contribution to domestic copper supply.

Filing Exhibits & Attachments

6 documents

Press Releases

EX-99.1 EXHIBIT 99.1 12.5 KB