Lion Copper & Gold Corp. (LCGMF) insiders report share buy and warrants

Rhea-AI Filing Summary

Lion Copper & Gold Corp. insiders Tony L. Alford and Christine Alford reported acquiring 3,500 common shares on 12/16/2025 at a price of $0.169 per share.

After this transaction, they report beneficial ownership of 85,475,508 common shares held by Tony Alford, 15,234,794 common shares held by Christine Alford, and 43,477,269 common shares held jointly, all as direct ownership positions.

The insiders also list a large portfolio of derivative securities, including stock options over 16,000,000 shares at $0.087 exercisable from 09/05/2025 to 09/05/2030 and additional options over 3,750,000, 4,645,000, 1,000,000 and 4,600,000 shares at exercise prices around $0.06–$0.052 with expirations between 2028 and 2029. They disclose 12% Secured Convertible Debentures convertible at $0.0965 into 14,507,772 common shares maturing on 11/06/2026, and several warrant series over 14,507,772, 14,000,000, 35,946,812 and 9,821,428 shares with exercise prices of $0.0965–$0.056 expiring through 2030. Interest on the debentures may be settled in common shares priced at the time of repayment or conversion at the issuer’s option.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Alford Tony L

(Last) (First) (Middle)

7040 INTERLAKEN DRIVE

(Street)

KERNERSVILLE NC 27284

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LION COPPER & GOLD CORP. [ LCGMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	12/16/2025		P		3,500	A	$0.169	85,475,508	D(1)
Common Shares								15,234,794	D(2)
Common Shares								43,477,269	D(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	$0.087							09/05/2025	09/05/2030	Common Shares	16,000,000		16,000,000	D(1)
Options	$0.06							12/10/2024	12/10/2029	Common Shares	3,750,000		3,750,000	D(1)
Options	$0.052							03/01/2024	03/01/2029	Common Shares	4,645,000		4,645,000	D(1)
Options	$0.06							07/21/2023	07/21/2028	Common Shares	1,000,000		1,000,000	D(1)
Options	$0.06							07/21/2023	07/21/2028	Common Shares	4,600,000		4,600,000	D(1)
12% Secured Convertible Debentures	$0.0965							11/06/2025	11/06/2026(4)	Common Shares	14,507,772(5)		14,507,772	D(1)
Warrants	$0.0965							11/06/2025	11/06/2030	Common Shares	14,507,772		14,507,772	D(1)
Warrants	$0.06							11/08/2024	11/08/2029	Common Shares	14,000,000		14,000,000	D(1)
Warrants	$0.056							09/19/2024	09/19/2029	Common Shares	35,946,812		35,946,812	D(1)
Warrrants	$0.056							03/08/2024	03/08/2029	Common Shares	9,821,428		9,821,428	D(1)

1. Name and Address of Reporting Person^*

Alford Tony L

(Last) (First) (Middle)

7040 INTERLAKEN DRIVE

(Street)

KERNERSVILLE NC 27284

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Alford Christine

(Last) (First) (Middle)

7040 INTERLAKEN DR.

(Street)

KERNERSVILLE NC 27284

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Held by Tony Alford

2. Held by Christine Alford

3. Held jointly by the reporting persons

4. The debentures mature and are payable on this date

5. Interest on the debentures may also be settled in common shares of the issuer priced at the time of repayment or conversion of the debentures at the option of the issuer

	/s/ Tony L. Alford	12/17/2025
	/s/ Christine Alford	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Lion Copper & Gold (LCGMF) report in this Form 4?

The filing shows that insiders Tony L. Alford and Christine Alford acquired 3,500 common shares of Lion Copper & Gold Corp. on 12/16/2025 at a price of $0.169 per share.

Who are the reporting persons for Lion Copper & Gold (LCGMF) and what is their relationship to the issuer?

The reporting persons are Tony L. Alford, who is listed as a Director and 10% Owner, and Christine Alford, listed as a 10% Owner. The form is indicated as filed by more than one reporting person.

How many Lion Copper & Gold (LCGMF) common shares do the Alford insiders beneficially own after the reported transaction?

After the reported transaction, beneficial ownership is disclosed as 85,475,508 common shares held by Tony Alford, 15,234,794 common shares held by Christine Alford, and 43,477,269 common shares held jointly by the reporting persons, all listed as direct ownership.

What stock options in Lion Copper & Gold (LCGMF) are reported by the insiders?

The insiders report stock options with an exercise price of $0.087 over 16,000,000 common shares, exercisable from 09/05/2025 until 09/05/2030. They also list additional options over 3,750,000 shares at $0.06 expiring 12/10/2029, 4,645,000 shares at $0.052 expiring 03/01/2029, and two grants of 1,000,000 and 4,600,000 shares at $0.06 expiring 07/21/2028.

What 12% Secured Convertible Debentures linked to Lion Copper & Gold (LCGMF) shares are disclosed?

The insiders disclose 12% Secured Convertible Debentures with a conversion price of $0.0965, convertible into 14,507,772 common shares, exercisable from 11/06/2025 and maturing on 11/06/2026. Interest on the debentures may also be settled in common shares of the issuer priced at the time of repayment or conversion, at the option of the issuer.

What Lion Copper & Gold (LCGMF) warrants do the reporting persons hold?

Reported warrants include 14,507,772 warrants with an exercise price of $0.0965 expiring on 11/06/2030, 14,000,000 warrants at $0.06 expiring 11/08/2029, 35,946,812 warrants at $0.056 expiring 09/19/2029, and 9,821,428 warrants at $0.056 expiring 03/08/2029.

Is this Lion Copper & Gold (LCGMF) insider report filed jointly?

Yes. The form indicates that it is a Form filed by more than one Reporting Person, and it is signed by both /s/ Tony L. Alford and /s/ Christine Alford on 12/17/2025.