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

Rhea-AI Filing Summary

Lion Copper & Gold Corp. insiders reported multiple purchases of common shares. On December 11, 2025, 373,224 shares were purchased at $0.1319, on December 12, 404,850 shares at $0.1518, and on December 15, 321,599 shares at $0.1685.

Following the last reported trade, one reporting person is shown holding 85,472,008 common shares directly, with additional lines reporting 15,234,794 shares held by Christine Alford and 43,477,269 shares held jointly by the reporting persons. They also beneficially own derivative securities, including options over 16,000,000 shares with a $0.087 exercise price, 12% secured convertible debentures and warrants each referencing 14,507,772 common shares at $0.0965, and further options and warrants with exercise prices of $0.052, $0.056 and $0.06. Interest on the debentures may be settled in common shares 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

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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)
12/11/2025

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	12/11/2025		P		373,224	A	$0.1319(4)	84,745,559	D(1)
Common Shares	12/12/2025		P		404,850	A	$0.1518(4)	85,150,409	D(1)
Common Shares	12/15/2025		P		321,599	A	$0.1685(4)	85,472,008	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(5)	Common Shares	14,507,772(6)		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. This is the weighted average cost of shares purchased on this date

5. The debentures mature and are payable on this date

6. 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	12/15/2025
	/s/ Christine Alford	12/15/2025
	** 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).
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