other material
confidence high
sentiment positive
materiality 0.70
Lion Copper and Gold secures US$31M from Nuton (Rio Tinto) for Stage 3 of Yerington Copper Project
LION COPPER & GOLD CORP.
- Nuton exercised option to earn-in to Yerington Copper Project; will provide up to US$31M for DFS, permitting, and work programs.
- Nuton has invested ~US$28M in Stages 1 and 2 (resource drilling, PEA, PFS) since the 2022 agreement.
- Stage 3 aims to advance copper cathode production using Nuton's proprietary bio-heap-leach technology.
- CEO John Banning calls it a pivotal milestone and vote of confidence in the district as near-term domestic copper supplier.