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Lion Copper and Gold (LCGMF) updates Yerington DFS progress and Nuton funding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lion Copper and Gold Corp. reports that the Definitive Feasibility Study (DFS) and permitting for its Yerington Copper Project in Lyon County, Nevada are advancing under Stage 3 of its Earn-In Agreement with Nuton LLC, a subsidiary of Rio Tinto Group. The company states it remains on schedule and on budget to complete the DFS in the first quarter of 2027.

Key field programs have been completed in 2026, including the planned hydrogeological and geotechnical drilling and a resource drilling program in the VLT area, which will support mine design and future project evaluation. Engineering and technical studies continue across mine engineering, processing, rail and logistics, infrastructure, water management and environmental work, with many major infrastructure components now in third-party bidding to refine capital cost estimates.

Permitting activities, including environmental baseline studies and agency engagement, are progressing in parallel. The company highlights a recently announced NI 43-101 Mineral Resource Estimate for the Bear Deposit as evidence of district-scale copper potential and notes Nuton’s commitment to fund up to approximately US$31 million under Stage 3 to complete the DFS and support permitting.

Positive

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Filing Explained

This Item 7.01 Form 8-K furnishes the company’s August 10 project update under Regulation FD rather than filing it as Exchange Act disclosure; the release is not incorporated into another SEC filing unless that filing expressly references it.

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.
Nuton Stage 3 funding commitment up to approximately US$31 million Funding under Stage 3 of the Earn-In Agreement to complete the DFS and support permitting
Target DFS completion first quarter of 2027 Company states it remains on schedule and on budget to complete the Definitive Feasibility Study by this time
News release date August 10, 2026 Date of the update on the Definitive Feasibility Study and permitting activities
Preliminary Feasibility Study completion 2025 DFS will refine plans and cost estimates developed during the Preliminary Feasibility Study completed in 2025
Definitive Feasibility Study financial
"provides Definitive Feasibility Study and Permitting Update for the Yerington Copper Project"
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.
Earn-In Agreement financial
"programs continue to advance under Stage 3 of the Earn-In Agreement with Nuton LLC"
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.
NI 43-101 compliant Mineral Resource Estimate technical
"notes that the recently announced NI 43-101 compliant Mineral Resource Estimate for the Bear Deposit"
Qualified Person technical
"reviewed and approved by John Banning, QP-MMSA, Chief Executive Officer of the Company and a Qualified Person"
A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.
forward-looking statements regulatory
"This news release contains "forward-looking information" and "forward-looking statements" within the meaning"
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.

FAQ

What did Lion Copper and Gold (LCGMF) announce about the Yerington Copper Project DFS?
Lion Copper and Gold stated its Definitive Feasibility Study for the Yerington Copper Project is advancing and remains on schedule and on budget for completion in Q1 2027. Key drilling and technical programs in 2026 have been finished to support mine design and evaluation.

How is Nuton LLC involved in Lion Copper and Gold’s (LCGMF) Yerington Copper Project?
The Yerington Copper Project is advancing under Stage 3 of an Earn-In Agreement with Nuton LLC, a Rio Tinto subsidiary. Nuton has committed to fund up to approximately US$31 million to complete the Definitive Feasibility Study and support permitting activities for the project.

What technical work has Lion Copper and Gold (LCGMF) completed for the Yerington DFS?
In 2026, Lion Copper and Gold completed its planned hydrogeological and geotechnical drilling programs and a VLT area resource drilling program. These programs provide critical data for mine design, engineering activities, and future project evaluation within the Definitive Feasibility Study.

What permitting progress did Lion Copper and Gold (LCGMF) report for Yerington?
The company reported that permitting activities are advancing in parallel with the DFS, including environmental baseline studies, project facility definition, agency engagement, and permitting workstreams. These efforts support planned future state and federal permit applications needed for project advancement.

How does the Bear Deposit relate to Lion Copper and Gold’s (LCGMF) Yerington Project?
Lion Copper and Gold referenced a recently announced NI 43-101 Mineral Resource Estimate for the Bear Deposit, noting it demonstrates broader district-scale copper endowment. While the current DFS focuses on Yerington, the Bear Deposit is described as a significant long-term, contiguous development opportunity.

What future milestones does Lion Copper and Gold (LCGMF) expect at Yerington?
The company believes completing the DFS in Q1 2027 will be a major milestone toward a future construction decision. The study will refine mine planning, engineering design, and capital and operating cost estimates, and the company plans continued updates as additional milestones are achieved.

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false 2026-08-10 0001339688 Lion Copper and Gold Corp. 0001339688 2026-08-10 2026-08-10

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): August 10, 2026

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

British Columbia 000-55139 98-1664106
(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 August 10, 2026, Lion Copper and Gold Corp. (the "Registrant") provided shareholders with an update on the advancement of the Definitive Feasibility Study ("DFS") and permitting activities for the Yerington Copper Project in Lyon County, Nevada. 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 Exhibits.

99.1 News release dated August 10, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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: August 10, 2026   (Registrant)
       
       
      /s/ Maria Milagros Paredes
      Maria Milagros Paredes, Chief Financial Officer

TSX-V: LEO | OTCQB: LCGMF

Lion Copper & Gold Provides Definitive Feasibility Study and Permitting Update
for the Yerington Copper Project

Yerington, Nevada - August 10th, 2026 - Lion Copper & Gold Corp. ("Lion" or the "Company") is pleased to provide shareholders with an update on the advancement of the Definitive Feasibility Study ("DFS") and permitting activities for the Yerington Copper Project in Lyon County, Nevada.

The Company's DFS and permitting programs continue to advance under Stage 3 of the Earn-In Agreement with Nuton LLC, a subsidiary of Rio Tinto Group. Based on work completed to date, the Company remains on schedule and on budget to complete the DFS during the first quarter of 2027.

Significant progress has been made across the technical work programs supporting the DFS. During 2026, the Company completed the planned hydrogeological drilling program and geotechnical drilling program required to support mine design and engineering activities. In addition, the planned resource drilling program targeting the VLT area has been completed, providing additional geological information to support future project evaluation.

Engineering and technical studies continue across all major disciplines required for completion of the DFS, including mine engineering, processing, rail and logistics, infrastructure design, water management, environmental studies and permitting support. As engineering advances, many major project infrastructure components have now entered the third-party bidding process. The Company expects the results of the bidding process to further inform and refine the capital cost estimates being developed as part of the Definitive Feasibility Study.

Permitting activities also continue to advance as planned and in parallel with the DFS. Environmental baseline studies, project facility definition, agency engagement and permitting workstreams remain underway in support of future state and federal permit applications.  John Banning, Chief Executive Officer of Lion Copper & Gold, commented:

"The Yerington Copper Project continues to advance well through the Definitive Feasibility Study. Completing the major field programs, including the hydrogeological, geotechnical and VLT resource drilling programs, represents another important milestone for the project. We remain on schedule and on budget for completion of the DFS in the first quarter of 2027. As the project continues to mature, major infrastructure packages are now progressing through the third-party bidding process, which will provide additional confidence in the capital cost estimates supporting the study."

The Company believes completion of the DFS will represent a significant milestone in advancing the Yerington Copper Project toward a future construction decision. The study will refine mine planning, engineering design, capital and operating cost estimates, and permitting strategies developed during the Preliminary Feasibility Study completed in 2025.

The Company also notes that the recently announced NI 43-101 compliant Mineral Resource Estimate for the Bear Deposit demonstrates the broader district-scale copper endowment within the Yerington Copper District. While the current DFS remains focused on the Yerington Copper Project, the Bear Deposit represents a significant long-term development opportunity that is contiguous with the Yerington Copper Project.

Lion continues to benefit from Nuton's commitment to fund up to approximately US$31 million under Stage 3 of the Earn-In Agreement to complete the DFS and support associated permitting activities.

The Company will continue to provide updates as additional project milestones are achieved.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by John Banning, QP-MMSA , Chief Executive Officer of the Company and a Qualified Person as defined under National Instrument 43-101.

About Lion Copper and Gold Corp.

Lion CG is a junior mining company advancing its flagship Yerington Copper 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 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 2

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 3

Source: View Original Filing on SEC EDGAR

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