[Form 4] LION COPPER & GOLD CORP. Insider Trading Activity

Rhea-AI Filing Summary

Lion Copper & Gold (LCGMF) insiders reported new securities acquisitions. Directors and 10% owners Tony and Christine Alford jointly filed a Form 4 for transactions on 11/06/2025. They acquired 12% Secured Convertible Debentures in the amount of $1,400,000 (code P), convertible into 14,507,772 common shares at a $0.0965 conversion price, and received warrants for 14,507,772 common shares at a $0.0965 exercise price, exercisable 11/06/2025 and expiring 11/06/2030.

Following the reported transactions, beneficially owned common shares were: 84,372,335 held by Tony Alford, 15,234,794 held by Christine Alford, and 43,477,269 held jointly. The debentures mature on 11/06/2026, and interest may be settled in common shares at the issuer’s option at the time of repayment or conversion.

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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hours per response:			0.5

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)
11/06/2025

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								84,372,335	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
12% Secured Convertible Debentures	$0.0965	11/06/2025		P		$1,400,000		11/06/2025	11/06/2026(4)	Common Shares	14,507,772(5)	$1,400,000	14,507,772	D(1)
Warrants	$0.0965	11/06/2025		P		14,507,772		11/06/2025	11/06/2030	Common Shares	14,507,772	$0.00	14,507,772	D(1)
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)
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	11/10/2025
	/s/ Christine Alford	11/10/2025
	** 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 did LCGMF insiders report acquiring on 11/06/2025?

They acquired 12% Secured Convertible Debentures totaling $1,400,000 and received warrants for 14,507,772 common shares at $0.0965.

How many common shares underlie the debentures disclosed by LCGMF insiders?

The debentures are convertible into 14,507,772 common shares at a $0.0965 conversion price.

When do the reported debentures mature and warrants expire for LCGMF?

The debentures mature on 11/06/2026, and the warrants expire on 11/06/2030.

What were Tony and Christine Alford’s reported beneficial ownerships after the transactions?

Common shares beneficially owned were 84,372,335 by Tony Alford, 15,234,794 by Christine Alford, and 43,477,269 held jointly.

Was the LCGMF filing made jointly?

Yes. The Form 4 indicates it was filed by more than one reporting person.

Can interest on the debentures be paid in shares for LCGMF?

Yes. Interest may be settled in common shares at the issuer’s option at the time of repayment or conversion.

What is the exercise start date and price for the reported warrants?

The warrants are exercisable starting 11/06/2025 at an exercise price of $0.0965 per share.