Copper

Lion Copper and Gold Company Logo

Lion Copper and Gold Completes Drilling in Nevada

Lion Copper and Gold Corp. (“Lion CG” or the “Company”) (TSX-V: LEO) (OTCQB: LCGMF) is pleased to announce the completion of its exploration core drilling program which commenced May 20, 2022 as part of the Stage One Work Program with Nuton LLC, a Rio Tinto Venture (“Nuton”) (See news release dated May 18, 2022 for details).

The program has been completed safely and on schedule, with objectives including the evaluation of mineralized potential beneath the legacy Yerington pit, the Montana-Yerington prospect located between the Ann Mason project and the Yerington pit, along with verification works around the MacArthur Project resource. The drill program was composed of five drill holes totaling 4,752 feet.

Drill core has already been logged by Company personnel and assays are in process with Skyline Assayers and Laboratories in Tucson, Arizona, with assay results expected in approximately two months.

Lion CG also announces that it has granted incentive stock options pursuant to its stock option plan to consultants and one director of the Company, to purchase up to an aggregate of 2,394,283 common shares of the Company. The stock options are exercisable at a price of C$0.072 (US$0.055) per share and expire three years from the date of grant.

The Company further announces that as more than 50% of the Company’s common shares are held by U.S. shareholders, the Company no longer meets the definition of “foreign private issuer” under United States securities laws. The Company currently files reports with the U.S. Securities and Exchange Commission’s (“SEC”) using the forms and rules prescribed for companies that qualify as a foreign private issuer. As a result of no longer meeting the foreign private issuer definition, commencing in 2023 the Company will be required to use forms and rules prescribed for U.S. domestic companies, including the requirement that financial statements be presented in accordance with U.S. GAAP instead of IFRS. The Company’s common shares will continue to be listed on the TSX Venture Exchange and quoted on the OTCQB.

About Lion CG

Lion Copper and Gold Corp. is a Canadian-based company advancing its Mason Valley, Nevada copper assets with Rio Tinto America, Inc. in addition to advancing its exploration projects including the Chaco Bear and Ashton properties in highly prospective regions in British Columbia, Canada, and the Blue Copper Prospect in Montana, USA.

On behalf of the Board of Directors,
Stephen Goodman
President


For more information please contact:
Karen Robertson
Corporate Communications
778-898-0057


Email: info@lioncg.com
Website: www.lioncg.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


The securities referenced in this news release have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The technical information in this news release has been reviewed and approved by C. Travis Naugle, QP MMSA, CEO of Lion Copper and Gold Corp. and a qualified person as defined in NI 43-101.


Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “expect”, or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the transition to a U.S. domestic issuer. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; income tax and regulatory matters; the ability of Lion CG to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

Source

Click here to connect with Lion Copper and Gold Corp. (TSX-V: LEO) (OTCQB: LCGMF) , to receive an Investor Presentation

LEO:CA
Lion Copper and Gold Corp. Announces Convertible Debenture Financing

Lion Copper and Gold Corp. Announces Convertible Debenture Financing

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG", the "Company") is pleased to announce a non-brokered private placement of unsecured convertible debentures ("Debentures") for gross proceeds of up to US$1,300,000 (C$1,733,333) (the "Offering").

The Debentures will bear interest at the rate of 14% per annum and will mature on the date that is 20 months from issuance (the "Maturity Date"). The principal amount of the Debentures may be converted into common shares of the Company at US$0.05344 (C$0.07125) per share, at any time, before 10 months from the closing date of the Offering (the "Closing Date"), and US$0.075 (C$0.10) per share at any time, after 10 months from the Closing Date and prior to the Maturity Date. The holder will have the option to elect to be repaid in kind at any time prior to maturity of the Debentures by way of shares of Falcon Butte Minerals Corp., or its successor, (the "Falcon Butte Shares") at the rate of US$0.28 (C$0.37) per Falcon Butte Share, provided that any Debenture held by an insider of the Company requires prior stock exchange approval prior to being repaid in kind. Interest accrued on all or any portion of the Debentures being converted by the holder may also be converted into common shares at the option of the Debenture holder at the time of conversion at a conversion price equal to the market price as at the date of conversion. For greater certainty, the Debentures will be subordinated to the US$2 million of convertible debentures issued by the Company in July of 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lion Copper and Gold Announces Agreement for Stage Two Work Program with Nuton, a Rio Tinto Venture, and an Advance on Stage 3 Work Program Funding

Lion Copper and Gold Announces Agreement for Stage Two Work Program with Nuton, a Rio Tinto Venture, and an Advance on Stage 3 Work Program Funding

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG" or the "Company") is pleased to announce it has completed the Stage 1 Program of Work and has reached an agreement with Rio Tinto America Inc. ("Rio Tinto") on the scope of the Stage 2 Program of Work with Nuton, a Rio Tinto venture, referenced in the Parties' March 18, 2022 Option Agreement. See news release dated March 21, 2022 for details. Additionally, the Parties have also agreed to an early advance of the Stage 3 Program of Work for exploration activities.

With this key milestone achieved, Rio Tinto will provide Stage 2 funding of US$5,000,000 and an immediate advance of US$2,500,000 on part of the Stage 3 funding, for a total amount of US$7,500,000 to the Company for Mason Valley project development, exploration efforts and other agreed-upon corporate purposes, including without limitation:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lion Copper and Gold Corp. Announces Positive Mason Valley Exploration Results

Lion Copper and Gold Corp. Announces Positive Mason Valley Exploration Results

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG" or the "Company") is pleased to announce the assay results from the Mason Pass prospect surface trenching program, as discussed in the November 10, 2022 press release at its 100%-owned properties at Yerington, Nevada. Lion CG completed this program utilizing funding provided by Rio Tinto as a part of the Stage 1 Work Program.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lion Copper and Gold Corp. Closes Convertible Debenture Financing

Lion Copper and Gold Corp. Closes Convertible Debenture Financing

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG", or the "Company") is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement of unsecured convertible debentures ("Debentures") for gross proceeds of US$1,075,000.

The Debentures bear interest at the rate of 14% per annum and mature on February 17, 2024. The Debentures may be converted into shares of the Company at US$0.067 per share until June 17, 2023 and thereafter at US$0.078 per share. The holder has the option to elect to be repaid in kind at any time prior to maturity of the Debentures by way of shares the Company owns of 1301666 BC Ltd., or its successor, (the "BC Ltd. Shares") at the rate of US$0.25 per BC Ltd. Share, provided that any Debenture held by an insider of the Company requires prior stock exchange approval prior to being repaid in kind.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lion Copper and Gold Corp. Announces Termination of Water Rights Sale, Debt Settlement, Grant of Stock Options, and Financing

Lion Copper and Gold Corp. Announces Termination of Water Rights Sale, Debt Settlement, Grant of Stock Options, and Financing

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG" or the "Company") is pleased to announce that it has reached an amicable agreement with Desert Pearl Farms to terminate the contract on the sale of the Company's water rights (as previously announced in a news release dated February 21, 2021). In light of the Company's agreement with Rio Tinto, the return of these water rights to the Company are expected to play a critical role in the reclamation and development of the MacArthur and Yerington projects.

As a consequence of the termination, the Company will recover the water permit designated for mining and milling use and will return the US$1,000,000 deposit to Desert Pearl Farms. This water permit is currently subject to court proceedings and settlement discussions between the Company and the State of Nevada.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cyprium Metals

Cyprium Metals Limited (ASX: CYM) – Suspension from Quotation

Description

The securities of Cyprium Metals Limited (‘CYM’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding a capital raising.

Keep reading...Show less
Cyprium Metals

Investor Webinar - Updated

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to invite investors and shareholders to the Cyprium Metals Investor Webinar to be held on Monday 6 February 2023 at 12.30 pm AEST / 09.30 am AWST.

Keep reading...Show less

Teck Announces Completion of Sale of Fort Hills Interests

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it has completed the sale of its 21.3% interest in the Fort Hills Energy Limited Partnership ("Fort Hills") to Suncor Energy Inc. ("Suncor") and TotalEnergies EP Canada Ltd. ("TotalEnergies"), a subsidiary of TotalEnergies SE. Teck received aggregate cash proceeds of approximately $1 billion and does not anticipate any tax payable on the disposition.

About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Hudbay to Host Conference Call for Fourth Quarter 2022 Results

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) senior management will host a conference call on Friday, February 24, 2023 at 8:30 a.m. ET to discuss the company's fourth quarter 2022 results and production and cost guidance for 2023.

Fourth Quarter 2022 Results Conference Call and Webcast
Date: Friday, February 24, 2023
Time: 8:30 a.m. ET
Webcast: www.hudbay.com
Dial in: 1-416-915-3239 or 1-800-319-4610

Hudbay plans to issue a news release containing the fourth quarter 2022 results on Thursday, February 23, 2023 and post it on the company's website. An archived audio webcast of the call also will be available on Hudbay's website.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

First Quantum Reports Fatality at Trident Operation

First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) is deeply saddened to announce that a worker at its Trident operation passed away following a traffic accident in the Sentinel open pit, involving a dump truck and a light vehicle. The site emergency response team attended immediately. One other person was severely injured and medically evacuated.

Trident has advised the relevant local authorities and will assist the Mine Safety Department in their investigations. An internal investigation into the accident is already underway. Operations in the pit have been temporarily suspended until deemed that operations can resume safely.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Northern Dynasty: State of Alaska Leaders and Industry Groups Fight Back Against Unwarranted and Unprecedented EPA Action

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") advises that press releases and statements were issued by the State of Alaska and industry groups on January 31, 2023 strongly objecting to the EPA's unprecedented and action to veto mining on the land where the Pebble Project is located in Southwest Alaska

The State of Alaska issued a press release entitled "EPA's Preemptive Veto Sets Dangerous Precedent". Excerpts from the press release are found below:
"EPA's veto sets a dangerous precedent. Alarmingly, it lays the foundation to stop any development project, mining or non-mining, in any area of Alaska with wetlands and fishbearing streams," said Alaska Governor Mike Dunleavy. "My Administration will stand up for the rights of Alaskans, Alaska property owners, and Alaska's future."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×