Lion Copper & Gold Corp - LCGMF STOCK NEWS

Lion Copper and Gold Corp (CSE: LEO) (OTCQB: LCGMF) has received US$5 million in additional funding from Nuton , a Rio Tinto subsidiary, for advanced studies and pre-feasibility study completion at the Yerington Copper Project. The company plans to repay US$941,813 in convertible debentures early by December 15, 2024, ahead of their February 16, 2025 maturity date.

The company has also adopted a new rolling stock option plan, replacing its previous fixed plan, allowing up to 20% of issued shares for stock options. Under this plan, 17,160,000 stock options were granted to directors, officers, employees and consultants, exercisable at C$0.085 per share with a five-year expiration.

Lion Copper and Gold Corp announces an amendment to Stage 2c Program of Work Agreement with Nuton , a Rio Tinto subsidiary, extending Stage 2 to June 30, 2025. The agreement includes US$5 million in additional funding from Nuton for advanced studies and pre-feasibility study (PFS) completion at the Yerington Copper Project. This brings Nuton's total funding to US$28 million, with US$19 million as Stage 3 advance funding. The project aims to implement Nuton's copper leaching technologies at Yerington, a district with over 17 billion pounds of copper endowment.

Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) has completed a non-brokered private placement raising US$1,132,000 through the issuance of 25,155,554 units at US$0.045 per unit. Each unit includes one common share and one warrant exercisable at US$0.06 until November 8, 2029. The proceeds will be used for working capital and repayment of convertible debentures. Director Tony Alford acquired 14,000,000 units for US$630,000, increasing his ownership to 30.94% of outstanding shares (undiluted) and potentially 41.23% if all his warrants, options, and convertible debentures are exercised.

Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) has announced a non-brokered private placement offering up to 22,222,222 units at US$0.045 per unit, aiming to raise up to US$1,000,000. Each unit includes one common share and one warrant, with each warrant allowing the purchase of an additional common share at US$0.06 for five years. The company plans to use the proceeds for working capital and debt repayment.

Additionally, Lion CG has issued 41,707,215 warrants to certain creditors, including insiders, who previously received shares in a debt settlement announced on March 8, 2024. These warrants are exercisable at US$0.056 per share for five years. The company is relying on exemptions from formal valuation requirements for insider-related transactions.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced drill results from its 2024 exploration program at the Yerington Copper Project. Key highlights include:

1. Yerington drill hole YM-047A intercepted 864 ft of 0.23% TCu.

2. MacArthur drilling intercepted oxide and transition mineralized zones in 14 of 18 RC drill holes, averaging 0.18% TCu.

3. The program aimed to convert inferred resources to indicated for the prefeasibility study (PFS).

4. Drilling discovered an extension of the mineralized footprint at the Yerington Pit.

5. Results suggest potential to increase current estimates of copper pounds in the ground.

The company believes these findings may positively impact the scale, life, and economics of the project.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced its transition from the TSX Venture Exchange to the Canadian Securities Exchange (CSE). The company has received conditional approval to list its common shares on the CSE and will voluntarily delist from the TSXV. This strategic move is aimed at leveraging the CSE's more cost-effective platform and streamlined regulatory framework, which aligns better with Lion CG's current development stage.

The company expects to delist from the TSXV around September 19, 2024, and list on the CSE around September 20, 2024. Lion CG will maintain its trading symbol "LEO" and continue to be quoted on the OTCQB under "LCGMF". Despite the exchange change, the company assures it will remain a reporting issuer and continue to meet all obligations under Canadian securities and SEC regulations.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has released results from its Bear deposit 2024 exploration drilling program in Nevada. Highlights include:

• Diamond core drill hole B-056A encountered 2,376 ft of 0.40% TCu, including 130 ft of 0.65% TCu and 138 ft of 0.62% TCu
• B-056A is the 2nd best grade-thickness intercept made to date at Bear
• The drilling program was funded by an additional US$1,500,000 from Nuton , a Rio Tinto venture

The results highlight the significant size and potential of the Bear deposit, with wide intercepts of copper mineralization throughout the porphyry system. The company believes continued systematic exploration has the potential to unlock substantial new zones of high-grade copper mineralization and expand the deposit's footprint.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced two key appointments to strengthen its leadership team. John Banning has been named Vice President and Chief Operating Officer, bringing 25 years of experience in mining operations with a focus on copper. Doug Stiles joins as Vice President of Sustainability & Environment, contributing 25 years of expertise in regulatory and environmental aspects of mining.

Both executives will be based in Yerington, Nevada, where they will play important roles in advancing the Yerington Copper Project through Pre-Feasibility. CEO Steven Dischler expressed enthusiasm about the new additions, highlighting their experience in developing mining operations on brownfield sites.

The company has also granted incentive stock options to officers, allowing the purchase of up to 7,500,000 common shares at CS$0.08 (US$0.058) per share over a five-year period, subject to vesting conditions.