other material
confidence high
sentiment positive
materiality 0.80
Lion Copper and Gold receives US$5M additional funding from Nuton (Rio Tinto) for Yerington copper project
LION COPPER & GOLD CORP.
- Nuton LLC (Rio Tinto subsidiary) provides US$5M additional funding to Lion Copper and Gold under amended earn-in agreement for Yerington copper project.
- Stage 2c work program includes advanced studies and pre-feasibility study (PFS) incorporating Nuton technologies, with term extended to June 30, 2025.
- Total Nuton funding under the agreement reaches US$28M, with US$19M being advance funding for Stage 3.
- Funding supports de-risking the Yerington copper project, which has a copper endowment of over 17 billion pounds.