Lion Copper and Gold (LCGMF) receives US$30.5M from Rio Tinto unit for Yerington
Rhea-AI Filing Summary
Lion Copper and Gold Corp. reported that it has received US$30.5 million from Nuton LLC, a wholly owned subsidiary of Rio Tinto. This payment is made under their previously announced earn-in agreement to advance the Yerington Copper Project in Nevada. The information was shared via a press release that is furnished under Regulation FD and not filed for liability purposes under U.S. securities laws.
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Insights
Lion Copper and Gold receives US$30.5M from Rio Tinto unit under an earn-in agreement.
The company discloses a
Because the payment comes under a previously announced earn-in structure, it likely reflects Nuton meeting a milestone or commitment within that agreement. The filing does not detail new obligations, but confirms continued third-party funding support for advancing the Yerington copper asset.
The disclosure is furnished under Regulation FD, meaning it is intended to keep all market participants equally informed. Subsequent company filings or press releases may provide additional detail on how this
FAQ
What did Lion Copper and Gold Corp. (LCGMF) announce in this 8-K filing?
Lion Copper and Gold Corp. announced it received US$30.5 million from Nuton LLC, a Rio Tinto subsidiary. The payment is part of an existing earn-in agreement to advance the Yerington Copper Project in Nevada, and was disclosed via a Regulation FD press release.
How much funding did Lion Copper and Gold Corp. (LCGMF) receive from Nuton LLC?
The company received US$30.5 million from Nuton LLC, a wholly owned subsidiary of Rio Tinto. This amount is tied to a previously announced earn-in agreement supporting development of the Yerington Copper Project in Nevada, as described in the furnished press release.
What is the relationship between Nuton LLC and Lion Copper and Gold Corp. (LCGMF)?
Nuton LLC, a wholly owned subsidiary of Rio Tinto, is a partner to Lion Copper and Gold under an earn-in agreement for the Yerington Copper Project. Under this arrangement, Nuton provides funding, including the disclosed US$30.5 million payment, to advance project development.
Which project is funded by the US$30.5 million payment to Lion Copper and Gold (LCGMF)?
The US$30.5 million payment from Nuton LLC is associated with advancing the Yerington Copper Project in Nevada. This project-level funding arises under the parties’ previously announced earn-in agreement, as described in the company’s Regulation FD disclosure and accompanying news release.
Is the Lion Copper and Gold Corp. (LCGMF) US$30.5 million disclosure considered filed or furnished?
The information about receiving US$30.5 million from Nuton LLC is classified as furnished under Regulation FD, not filed. As stated, it is not deemed filed under the Securities Exchange Act and is only incorporated by reference if expressly specified.