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7 Aug 2026resource reserve update▲ Good
Following the new Bear Deposit resource, the company acquired about 183 more acres of land around the Bear project area, continuing its strategy of consolidating land control across the Yerington Copper District.
Lion Copper and Gold announced its maiden Mineral Resource Estimate for the Bear Deposit, located within its Yerington Copper Project in Lyon County, Nevada.
Work on the Yerington Definitive Feasibility Study moved forward on schedule: all engineering consultants engaged, an on-site kickoff workshop held, and resource, geotechnical and groundwater drilling programs underway.
The company filed its Yerington Pre-Feasibility Study in the SEC's required S-K 1300 technical-report format - the same results announced in August 2025, now in the U.S. regulatory format.
Lion Copper and Gold said it received US$30.5 million from Nuton, a wholly-owned Rio Tinto subsidiary, under the previously announced earn-in agreement for the Yerington Copper Project, following the November 2025 Stage 3 announcement.
Nuton formally exercised its option to earn into the Yerington Copper Project and committed to Stage 3 funding of up to $31 million for a Definitive Feasibility Study and permitting, on top of the roughly $28 million it had already invested in the project's PEA and PFS.
Nuton LLC, Rio Tinto's copper-technology venture and the company's earn-in partner at Yerington, agreed to provide an additional $5 million under an amended earn-in agreement to keep advancing the project.