LION COPPER & GOLD CORP. SEC Filing

Lion Copper & Gold Corp. reporting persons Tony L. Alford and spouse Christine Alford jointly disclose significant ownership and recent transactions.

Rhea-AI Filing Summary

Lion Copper & Gold Corp. reporting persons Tony L. Alford and spouse Christine Alford jointly disclose significant ownership and recent transactions. Together they beneficially own 232,738,703 common shares (46.27%) based on 413,234,899 shares outstanding as of September 10, 2025. Tony Alford separately reports beneficial ownership of 217,503,909 shares (43.24%), including common shares, warrants and options, and Christine Alford reports 58,712,063 shares (14.21%), including joint holdings. The filing discloses a grant on September 5, 2025 of 16,000,000 stock options to Tony Alford at an exercise price of $0.087 for five years under the issuer’s fixed option plan, and open-market purchases of 256,065 shares at a weighted average price of $0.1004 on September 8 and 9, 2025. The reporting persons state their purpose is investment and an intention to seek to influence issuer policy to maximize share value, while disclaiming plans for specified extraordinary actions.

Insights

Financial Analyst

TL;DR: The Alfords hold a controlling-scale stake and received director stock options, increasing their economic and voting influence.

Tony and Christine Alford collectively report beneficial ownership equal to 46.27% of common shares, a stake large enough to materially affect corporate control and investor dynamics. The September 5, 2025 grant of 16,000,000 options to Mr. Alford at $0.087 and his open-market purchases totaling 256,065 shares at a weighted average $0.1004 increase his direct economic exposure. The filing reports ownership composition including outstanding common shares, warrants and options, and uses the SEC Rule 13d-3 calculation based on 413,234,899 shares outstanding. For valuation and dilution analysis, the option and warrant conversions and their exercise prices relative to market should be quantified, but those calculations are not provided here.

Corporate Governance Expert

TL;DR: A director and spouse hold concentrated stock and derivative positions, which is governance-relevant and merits disclosure scrutiny.

The Schedule 13D/A identifies Mr. Alford as a director since December 13, 2021, and documents significant insider compensation in the form of 16,000,000 options under the issuer’s fixed plan. The joint filing and the stated intent to influence issuer policy are governance-relevant facts for minority shareholders and the board. The report explicitly disclaims plans for specified extraordinary transactions, and references a previously filed Joint Filing Agreement. These disclosed arrangements are material to assessing board independence, insider incentives, and potential changes in control dynamics.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/10/2025 - 06:29 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Lion Copper & Gold Corp.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

53620R109

(CUSIP Number)

Tony L. Alford
7040 Interlake Drive,
Kernersville, NC, 27284
336-996-1726

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/05/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 53620R109

1

Name of reporting person

Tony L. Alford

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 174,026,640.00
8	Shared Voting Power 43,477,269.00
9	Sole Dispositive Power 174,026,640.00
10	Shared Dispositive Power 43,477,269.00

11

Aggregate amount beneficially owned by each reporting person

217,503,909.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

43.24 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 53620R109

1

Name of reporting person

Christine Alford

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 15,234,794.00
8	Shared Voting Power 43,477,269.00
9	Sole Dispositive Power 15,234,794.00
10	Shared Dispositive Power 43,477,269.00

11

Aggregate amount beneficially owned by each reporting person

58,712,063.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.21 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares
(b)	Name of Issuer: Lion Copper & Gold Corp.
(c)	Address of Issuer's Principal Executive Offices: 143 S Nevada Street, Yerington, NEVADA , 89447.
Item 2.	Identity and Background
(a)	This Amendment No. 7 is being filed jointly by Tony L. Alford and his spouse, Christine Alford. Each party filing this amendment is also referred to herein as a "reporting person."
(b)	The address of each reporting person is 7040 Interlaken Drive, Kernersville, North Carolina 27284.
(c)	Tony Alford is a director of the Issuer, the founder and president of PBA Consultants Inc., a firm specializing in tax savings and cost reduction services, and a private investor. Christine Alford is a real estate development officer manager and a private investor.
(d)	Not applicable.
(e)	Not applicable.
(f)	Each reporting person is a citiizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	On September 5, 2025, the Issuer granted 16,000,000 stock options to Mr. Alford in consideration for his services as a director for the Issuer. The options were granted pursuant to the Issuer's 20% fixed stock option plan. The options have an exercise price of $0.087 and a term of five years. On September 8 and 9, Mr. Alford purchased a total of 256,065 common shares of the Issuer in open market purchases at a weighted average price of $0.1004 using his personal funds.
Item 4.	Purpose of Transaction
	Mr. Alford acquired beneficial ownership of the Issuer's securities as described in Item 3 for investment purposes. The reporting persons currently intend to continue to acquire beneficial ownership of additional common shares by participating from time to time in private offerings of securities and by making open market purchases of common shares when warranted by market conditions. Any such transactions may be implemented at any time or from time to time subject to any applicable limitations imposed on the purchase and sale of the common shares by applicable law. The reporting persons intend to seek to influence the policies of the Issuer with a goal of maximizing the value of the Issuer's common shares. Mr. Alford has served as a director of the Issuer since December 13, 2021. As of the date hereof, and except as otherwise disclosed herein, the reporting persons do not have any plans or proposals which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions that may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or (j) Any action similar to any of those enumerated above.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date of this report, Tony Alford and Christine Alford together beneficially own in the aggregate a total of 232,738,703 common shares of the Issuer, which would constitute 46.27% of the class of common shares as calculated in accordance with SEC Rule 13d-3 under the Exchange Act.1 However, Tony Alford disclaims beneficial ownership of the common shares over which Christine Alford has sole voting and dispositive power, and Christine Alford disclaims beneficial ownership of the common shares over which Tony Alford has sole voting and dispositive power, and each of them disclaims membership in a group with the other within the meaning of Rule 13d-5(b)(1)(i) under the Exchange Act.
(b)	Mr. Alford is the sole beneficial owner of 174,026,640 common shares of the Issuer, including 84,263,400 outstanding common shares, 59,768,240 common shares underlying outstanding warrants, and 29,995,000 common shares underlying outstanding options. Mr. Alford also shares beneficial ownership with Ms. Alford of 43,477,269 common shares, which they hold in a joint investment account. Collectively, Mr. Alford beneficially owns a total of 217,503,909 common shares, which constitutes 43.24% of the class as calculated in accordance with Rule 13d-3. Ms. Alford is the sole beneficial owner of 15,234,794 outstanding common shares of the Issuer. Ms. Alford also shares beneficial ownership with Mr. Alford of 43,477,269 common shares, which they hold in a joint investment account. Collectively, Ms. Alford beneficially owns a total of 58,712,063 common shares, which constitutes 14.21% of the class as calculated in accordance with Rule 13d-3. All percentages herein have been calculated based on a total of 413,234,899 common shares of the Issuer outstanding on September 10, 2025.
(c)	During the last 60 days, the reporting persons have not engaged in any transactions in the Issuer's securities except as described in Item 3.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information provided in Items 3, 4 and 5 is incorporated by reference in its entirety in this Item 6.
Item 7.	Material to be Filed as Exhibits.
	The parties have entered into a Joint Filing Agreement dated September 28, 2023, a copy of which was filed as Exhibit "A" to Amendment No. 1 to this Schedule 13D, which was filed with the U.S. Securities and Exchange Commission on September 29, 2023.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tony L. Alford

Signature:	Tony L. Alford
Name/Title:	Tony L. Alford
Date:	09/10/2025

Christine Alford

Signature:	Christine Alford
Name/Title:	Christine Alford
Date:	09/10/2025