other material
confidence high
sentiment positive
materiality 0.75
Lion Copper and Gold receives US$30.5M from Nuton (Rio Tinto) for Yerington Copper Project
LION COPPER & GOLD CORP.
- Received US$30.5 million from Nuton LLC (Rio Tinto subsidiary) under Stage 3 of earn-in agreement.
- Funds will advance Definitive Feasibility Study (DFS) and permitting for Yerington Copper Project in Nevada.
- CEO John Banning states funding validates project scale and enables work without significant shareholder dilution.
- Project intends to pursue U.S. FAST-41 permitting to support domestic copper cathode supply for electrification and grid modernization.
- DFS work will refine Nuton® technology to improve copper recoveries and reduce capital intensity and environmental footprint.