Lion Copper and Gold Secures US$30.5 Million from Rio Tinto’s Nuton to Advance Nevada Copper Project

Lion Copper and Gold ( (TSE:LEO) ) has provided an update.

Lion Copper and Gold has received US$30.5 million from Rio Tinto’s Nuton LLC under Stage 3 of their earn-in agreement to advance the Yerington Copper Project in Nevada, funding the Definitive Feasibility Study and permitting work, including engineering, environmental studies and regulatory engagement. The investment is positioned as a key execution milestone that allows Lion CG to progress the project without significant shareholder dilution, supports the potential development of U.S.-based copper cathode supply amid growing demand from electrification and infrastructure, and will further refine Nuton’s proprietary leaching technology with the aim of boosting copper recoveries, lowering capital intensity and reducing the project’s environmental footprint while targeting qualification under the U.S. FAST-41 permitting framework.

More about Lion Copper and Gold

Lion Copper and Gold Corp. is a junior mining company focused on advancing its Yerington, MacArthur and Bear copper projects in Lyon County, Nevada through an earn-in agreement with Nuton LLC, a Rio Tinto subsidiary. The company’s strategy centers on accelerating copper production from its long-life, low-strip-ratio, brownfield-advantaged Yerington Copper Project using modern processing technologies aimed at improving recoveries and lowering environmental impacts.

YTD Price Performance: 34.69%

Average Trading Volume: 66,697

Technical Sentiment Signal: Buy

Current Market Cap: C$136.4M

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