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Lion Copper and Gold Corp. Receives US$30.5 Million from Nuton for Yerington Copper Project
LCGMF
New Projects/Investments
- Lion Copper and Gold Corp. received US$30.5 million from Nuton LLC, a wholly-owned subsidiary of Rio Tinto, on January 22, 2026.
- This funding represents Stage 3 of an earn-in agreement to advance the Yerington Copper Project in Nevada, USA.
- The capital will be utilized to progress the Definitive Feasibility Study (DFS) and associated permitting activities, enabling project advancement without significant shareholder dilution.
8 days ago
Lion Copper and Gold Corp. Secures US$31M Funding for Yerington Copper Project Stage 3
LCGMF
New Projects/Investments
- Lion Copper and Gold Corp. and Nuton LLC, a wholly-owned subsidiary of Rio Tinto, have agreed to proceed to Stage 3 under their option to earn-in agreement for the Yerington Copper Project.
- Nuton will provide up to US$31 million to fund a Definitive Feasibility Study (DFS), mine permitting, and associated work programs for the project.
- This investment aims to advance copper cathode production and support the commercial deployment of Nuton's proprietary bio-heap-leach copper extraction technology at the Yerington Copper Project.
- Nuton had previously invested approximately US$28 million in Stages 1 and 2, which included a preliminary economic assessment in Q1 2024 and a pre-feasibility study in Q3 2025.
Nov 25, 2025, 7:49 PM
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