LCGMF on OTC

Lion Copper Corp.

Lion Copper Corp. is a Canadian metal mining company that raised $11.9 million in 2025 (SEC Form D).1 Its shares trade on OTC under the symbol LCGMF.1

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Last updated Oct 20, 2026.

Overview

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  • TickerLCGMF on OTC1
  • IndustryMetal Mining1
  • HeadquartersA11
  • Incorporated inBritish Columbia, Canada2
  • Business address517 West Bridge Street, Suite A, Yerington2
  • Filer category, Emerging growth company2
  • Legal formCorporation

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Lion Copper and Gold Corp. (the " Company ") was incorporated in British Columbia, Canada on May 11, 1993, under the name Acquaterre Mineral Development Ltd. On November 30, 1993, the Company changed its name to Aquaterre Mineral Development Ltd. and subsequently changed it to Quaterra Resources Inc. on November 13, 1997. On November 22, 2021, the Company changed its name to Lion Copper and Gold Corp.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income4567-$16.7M in 2025+150% since 2021
-$20.0M-$15.0M-$10.0M-$5.0M02021: -$6.7M-$6.7M20212022: -$4.3M-$4.3M2022−36%2023: -$4.7M-$4.7M2023+11%2024: -$3.8M-$3.8M2024−20%2025: -$16.7M-$16.7M2025+337%
Net income84567$4.4M in 2025
-$10.0M-$5.0M0$5.0M2019: -$1.7M-$1.7M20192020: -$983.0K-$983.0K2020−43%2021: -$6.4M-$6.4M2021+556%2022: -$1.9M-$1.9M2022−70%2023: -$5.9M-$5.9M2023+207%2024: -$4.7M-$4.7M2024−20%2025: $4.4M$4.4M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Exploration and evaluation$4.0M$8.2M
General and administrative$10.1M$5.0M
Share-based compensation$8.8M$1.5M
Nuton LLC Deposit-$6.2M-$11.0M
Operating loss-$16.7M-$3.8M
Accretion expense-$2.1M-$220.0K
Fair value (loss) gain on derivative liabilities-$3.4M$731.0K
Foreign exchange loss-$34.0K-$40.0K
Gain on deconsolidation of Falcon Copper Corp.$26.4M$0
Interest income and other$250.0K$456.0K
Loss on convertible debentures$0-$1.8M
Share of gain (loss) in associate$962.0K-$104.0K
Financing costs-$231.0K$0
Impairment-$788.0K$0
Total Non-operating Income (expenses)$21.0M-$927.0K
Net income (loss) and comprehensive income (loss) for the year$4.4M-$4.7M
Shareholders of the Company$14.8M-$3.9M
Non-controlling interest-$10.4M-$807.0K
Net income (loss) and comprehensive income (loss) for the year$4.4M-$4.7M
Earnings (loss) per share, basic$0.04-$0.01
Earnings (loss) per share, diluted$0.03-$0.01
Weighted average number of shares outstanding - basic412.0M shares375.0M shares
Weighted average number of shares outstanding - diluted484.3M shares375.0M shares

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Corporate structure

Lion Copper Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lion Copper Corp.

  • Truist Financial Filed SCHEDULE 13G/A on Lion Copper Corp., latest Jul 10, 2026 (2 filings since Apr 20, 2026)
  • Tony L. Alford Filed SCHEDULE 13D/A on Lion Copper Corp., latest Nov 10, 2025 (8 filings since Sep 29, 2023)
  • Lion Copper Corp. A1

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lion Copper Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$40.0K6 Dec 31, 2024$06 Dec 31, 2023

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.0M6 Dec 31, 2024$2.3M6 Dec 31, 2023+246.3%

Properties, in its own words

Summary

We are an exploration and development stage company engaged in advancing copper properties in Nevada, United States. We hold our only material mineral property, the Yerington Copper Project located in Lyon County Nevada, through our wholly owned U.S. subsidiary, Singatse Peak Services LLC ("SPS").

The rest of Item 2

As of December 31, 2025, we held interests in the following mineral properties:

Project/Propertyname · Location · DepositType · Type of Interest · Acres/Hectares · Property Stage · Ownership/Operator · Materiality

Yerington Copper Project Yerington Pit MacArthur Pit Bear Deposit · Lyon County Nevada, USA · Copper · 5 fee simple parcels;82 patented mining claims;1,155 unpatented lode and placer mining claims · 26,464.59 acres · Pre-feasibility · SPS(Nuton earn-in) · Material

Hunewill · Lyon County Nevada, USA · Copper · 1 fee simple parcel · 39.14 acres · Exploration · SPS · Not Material

Wassuk · Lyon County Nevada, USA · Copper · 310 unpatented lode mining claims · 6,400 acres · Exploration · SPS(Nuton earn-in) · Not Material

Copper Canyon · Lyon County Nevada, USA · Copper · 60 unpatented lode mining claims · 1,240 acres · Exploration · SPS · Not Material

Butte Valley Royalty · White Pine County, Nevada, USA · Copper · 1405 unpatented mining claims; 1% Net Smelter Royalty; buydown to 0.5% for US $15 million · 39,000 acres · Exploration · Blue Copper Royalties LLC · Not Material

Nieves Project Interest · Zacatecas, Mexico · Silver · 5% net profits interest · 12,064 hectacres · Exploration · Blue Copper Royalties LLC · Not Material

Yerington Copper Project

Our principal asset is the Yerington Copper Project located in Lyon County, Nevada, a historic copper mining district with established infrastructure. The Project comprises multiple deposits, including the Yerington, MacArthur and Bear deposits, and consists of fee lands, patented mining claims and unpatented mining claims covering approximately 26,465 acres.

The Project is subject to the earn-in option agreement with Nuton described under "Item 1. Business."

In September 2025, we completed a PFS for the Project prepared in accordance with NI 43-101 standards. In February 2026, we filed with the SEC a TRS under S-K 1300. These reports evaluate development of the Project through conventional open-pit mining and heap leach processing with solvent extraction and electrowinning.

The PFS and TRS established mineral resources and mineral reserves and support a projected mine life of approximately 12 years with average annual payable copper production of approximately 120 million pounds. Additional technical and economic information regarding the Project, including mineral resources, mineral reserves and development assumptions, is contained in the TRS filed as an exhibit to this Annual Report.

The Project remains at the development stage. Advancement toward construction remains subject to completion of a feasibility study, permitting, financing and other factors described under "Item 1A. Risk Factors."

Project Location and Access

The Yerington Copper Project is located near the geographic center of Lyon County, Nevada, US, along the eastern flank of the Singatse Range. The Project includes both the historic Yerington Property and the historic MacArthur open pit located approximately 4.5 miles to the northwest. The Project is bordered on the east by the town of Yerington, Nevada, which provides access via a network of paved and gravel roads that were used during previous mining operations.

The Property is approximately 70 miles by road from Reno Nevada, 50 miles south of Tahoe-Reno Industrial Center, and 10 miles from the nearest rail spur of Wabuska. Topographic coverage is provided by the U.S. Geological Survey "Mason Butte", Lincoln Flat", and the "Yerington" 7.5' topographic quadrangles.

Access to the Project from the town of Yerington follows US Highway ALT 95 north about one mile to the Burch Street turnoff, a paved road that leads west into the Yerington Property. Access into the mine area is fenced and restricted. Inside the fenced area a series of roads provide access to the property in Township 13 North, Range 25 East. Claims in Township 13 North, Range 24 East are accessed by several existing roads leading west from US Highway ALT 95, from one to three miles south of the town of Yerington. A 100-foot-wide gravel haul road that accessed the MacArthur open pit copper mine during the 1990s leads 3.5 miles south to the Yerington Mine Site. Beyond the MacArthur pit area are several existing historic two-track dirt roads that provide access throughout the property. Topographic coverage is on US Geological Survey "Mason Butte" and "Lincoln Flat" 7.5' topographic quadrangles.

The Bear deposit is located south-southeast of the MacArthur pit and can be accessed by farm roads that are directly connected to US Highway ALT 95.

Yerington Copper Project Location

Source: Tetra Tech, 2014

The Yerington Copper Project consists of three property areas that are considered Material Properties within the project area, the Yerington pit, the MacArthur pit, and the Bear deposit.

Regional Layout Map

Source: Lion CG, 2025

Project Stage

The Project is a Pre-feasibility stage project with Mineral Reserves and Resources at the Yerington (which includes the Yerington pit and Vat Leach Tailings) and MacArthur deposits at the Project.

Local Resources and Infrastructure

The nearest population center is the agricultural community of Yerington, one mile east of the Yerington pit. Formerly an active mining center from 1953 to 1978 and from 1989 to 1997, Yerington now serves as a base for three active exploration groups: SPS; HudBay Minerals Inc. (Mason Project copper-molybdenum property); and Southwest Critical Materials, LLC (Pumpkin Hollow Copper Project). Yerington hosts a work force active in, qualified for, and familiar with mining operations within a one-hour drive.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Lion Copper Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven A. Dischler2024
  2. John Banning2025–now

Chair

  1. Thomas C. Patton2023
  2. Charles Travis Naugle2023–2024

Chief financial officer

  1. Maria Milagros Paredes2026–now

Chief operating officer

  1. John Banning2024
2025
Board members and other officers (6)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerLei Travis Wang named Sep 30, 2024 to Nov 21, 202523
  • Executive Officer, DirectorStephen Travis Goodman named Oct 5, 2021 to Mar 14, 202424
  • Executive Officer, DirectorStephen Goodman named Jul 18, 2022 to Jul 19, 202225
  • DirectorThomas Travis Presello named Mar 17, 202326
  • DirectorThomas Travis Pressello named Jul 18, 2022 to Jul 19, 202225

Former names

  • LION COPPER & GOLD CORP.Nov 23, 2021 to Sep 15, 20262
  • QUATERRA RESOURCES INCSep 22, 2005 to Nov 19, 20212

Timeline

  1. Oct 5, 20268-K Executive or director change; Regulation FD disclosure27
  2. Sep 18, 20268-K Regulation FD disclosure28
  3. Sep 18, 20268-K Executive or director change29
  4. Sep 16, 20268-K Regulation FD disclosure30
  5. Sep 16, 20268-K Regulation FD disclosure31
  6. Sep 10, 20268-K Regulation FD disclosure32
  7. Aug 20, 20268-K Executive or director change; Regulation FD disclosure33
  8. Aug 18, 20268-K Shareholder vote34
  9. Aug 14, 20268-K Regulation FD disclosure35
  10. Aug 7, 20268-K Regulation FD disclosure36
  11. Aug 6, 20268-K Regulation FD disclosure37
  12. Jul 31, 20268-K Executive or director change; Regulation FD disclosure38
  13. Apr 9, 2025New chief executive John Banning becomes CEO12
  14. Aug 1, 2024New chief executive Steven A. Dischler becomes CEO13

Filings

252 filings to the SEC since October 2021: 9 annual reports, 11 quarterly reports, 38 major events, 102 insider forms, 10 large holders, 14 private raises, 68 other. The latest 20:

  1. Oct 14, 20268-A12B EDGAR
  2. Oct 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Oct 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Oct 9, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Oct 9, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Oct 9, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Oct 6, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Oct 6, 2026S-8 EDGAR
  9. Oct 5, 20268-K EDGAR
  10. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Oct 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Sep 23, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Sep 23, 20264 EDGAR
  14. Sep 18, 20268-K EDGAR
  15. Sep 18, 20268-K EDGAR
  16. Sep 16, 20268-K EDGAR
  17. Sep 16, 20268-K EDGAR
  18. Sep 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Sep 10, 20268-K EDGAR
  20. Aug 26, 20264 PRIMARY DOCUMENT EDGAR

The 252 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

103 open-market trades by officers, directors and large owners since October 2021: 85 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Alford Christine10% ownerBuy1,000$4.36$4.4KForm 4
Sep 11, 2026Alford Tony LDirectorBuy11,297$4.90$55.4KForm 4
Dec 16, 2025Alford Tony LDirectorBuy3,500$0.17$595Form 4
Dec 15, 2025Alford Tony LDirectorBuy321,599$0.17$54.7KForm 4
Dec 12, 2025Alford Tony LDirectorBuy404,850$0.15$60.7KForm 4
Dec 11, 2025Alford Tony LDirectorBuy373,224$0.13$48.5KForm 4
Oct 22, 2025Alford Christine10% ownerBuy69,935$0.10$7.0KForm 4
Oct 17, 2025Alford Christine10% ownerBuy37,000$0.10$3.7KForm 4
Oct 14, 2025Alford Christine10% ownerBuy2,000$0.10$200Form 4
Sep 9, 2025Alford Christine10% ownerBuy144,850$0.10$15.0KForm 4
Sep 8, 2025Alford Christine10% ownerBuy111,215$0.10$10.8KForm 4
Apr 21, 2025Banning JohnChief Executive OfficerBuy233,910$0.12$28.1KForm 4
Apr 17, 2025Banning JohnChief Executive OfficerBuy344,875$0.10$34.5KForm 4
Feb 4, 2025Naugle Charles TravisDirectorBuy65,000$0.06$3.9KForm 4
Feb 4, 2025Naugle Charles TravisDirectorBuy65,000$0.06$3.9KForm 4
Nov 8, 2024Stiles Douglas AveryVP Sustainability&EnvironmentBuy2,222,222$0.05$111.1KForm 4
Nov 8, 2024Alford Tony LDirectorBuy14,000,000$0.05$700.0KForm 4
Aug 22, 2024Goodman Stephen J.Sale186,666$0.05$9.3KForm 4
Aug 21, 2024Alford Christine10% ownerBuy1,008,584$0.05$50.4KForm 4
Aug 21, 2024Goodman Stephen J.Sale312,918$0.05$15.6KForm 4

All 103 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John Banning( 2 ) Chief Executive Officer50$250.0K$561.7K41
2024John Banning( 2 ) Chief Executive Officer50$115.5K$170.4K41

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 15, 2025Raised $80,000 in a private offering of equity Form D: $130,000 offered in all Form D
  2. Nov 6, 2025Raised $2.7 million in a private offering of securities Form D: $5.4 million offered in all Form D
  3. Nov 8, 2024Raised $1.1 million in a private offering of equity Form D: $2.6 million offered in all Form D
  4. Sep 19, 2024Filed a private offering of securities Form D: $2.3 million offered in all Form D
  5. Mar 8, 2024Raised $2.8 million in a private offering of equity Form D: $4.2 million offered in all Form D
  6. Feb 16, 2024Raised $941,813 in a private offering of securities Form D: $1.9 million offered in all Form D
  7. Mar 2, 2023Raised $1.3 million in a private offering of securities Form D: $2.6 million offered in all Form D
  8. Jul 8, 2022Raised $750,000 in a private offering of equity Form D: $1.5 million offered in all Form D
  9. Jun 17, 2022Raised $1.1 million in a private offering of equity Form D: $2.1 million offered in all Form D
  10. Oct 21, 2021Raised $656,770 in a private offering of equity Form D: $1.8 million offered in all Form D
  11. Sep 27, 2021Raised $487,500 in a private offering of equity Form D: $1.3 million offered in all Form D

SEC filer profile

How Lion Copper Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLion Copper Corp.1
  • CIK0001339688
  • Employer ID (EIN)98-16641063
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inCanada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address517 West Bridge Street, Suite A, Yerington, British Columbia, Canada1
  • Mailing addressC/O #1200-750 West Pender Street, Vancouver, British Columbia, Canada1
  • Phone77546396001
  • Shares outstanding431,278,822 as of Aug 6, 202610
  • Public float$45.3B as of Jun 30, 20253
  • AuditorMNP LLP, Vancouver, Canada PCAOB ID 1930; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceSep 22, 20051
  • Filings660 in all: 6-K (391), 4 (72), 8-K (38), D (24), 3 (12), 4/A (12), 10-Q (11), 20-F (11)1
    All 41 form types

    UPLOAD (8), D/A (7), 3/A (6), SC 13D/A (6), SC 13G/A (6), CORRESP (5), REGDEX (5), 10-K (4), 40-F (4), DEF 14A (4), 10-K/A (3), 6-K/A (3), S-8 (3), SC 13G (3), PRE 14A (2), SCHEDULE 13D/A (2), SD (2), 144 (1), 20-F/A (1), 25 (1), 40FR12B (1), 424B3 (1), 8-A12B (1), 8-A12G (1), CERTAMX (1), EFFECT (1), F-X (1), NT 10-Q (1), S-1 (1), S-1/A (1), SC 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jul 10, 2026
    Latest 8-K (8-K) Oct 5, 2026

Risk factors and legal proceedings

The risks Lion Copper Corp. names in Item 1A of its 10-K filed Mar 31, 2026: 21 risks under these headings, as written.3

  • Risks Related to Our Business and Financial Condition
  • We have a history of losses, no revenue from mining operations and may never achieve profitability.
  • We are dependent on a single material project, and any adverse development affecting the Project would materially harm our business.
  • We rely significantly on our collaboration with Nuton
  • We will require substantial additional capital to advance the Project.
  • Our investment in Falcon Copper Corp. and related valuation judgments may result in significant volatility in our financial results.
  • Risks Related to the Mining Industry
  • Our mineral resource and reserve estimates are subject to significant uncertainty and may not be realized.
  • Fluctuations in copper prices may may adversely affect the economic viability of the Project.
  • If developed, mining operations would be subject to significant risks.
  • Our operations are subject to extensive environmental and permitting requirements.
  • Our properties may be subject to uncertain title.
The other 11 risks
  • Risks Related to Our Securities and Capital Structure
  • Our largest shareholder has significant influence over our Company.
  • Our share price may be volatile and trading volume may remain limited.
  • Future equity issuances may dilute existing shareholders.
  • Risks Related to Governance, Compliance and Reporting
  • As a Canadian company subject to U.S. reporting obligations, we are subject to complex compliance requirements.
  • We are subject to risks associated with internal control over financial reporting.
  • Overlapping leadership roles may give rise to conflicts of interest.
  • Cybersecurity threats could disrupt our operations and adversely affect our business.
  • Risks Related to Strategic Initiatives and Forward-Looking Statements
  • We may pursue strategic initiatives that involve execution risks.
  • Forward-looking statements involve significant risks and uncertainties.
  • Global economic conditions may adversely affect our business.
  • The Company is possibly a "passive foreign investment company", which would likely have adverse U.S. federal income tax consequences for U.S. shareholders.

Legal proceedings

We are not a party to any pending legal proceedings and, to the best of our knowledge, none of our properties or assets are the subject of any pending legal proceedings.

The opening of Item 3, Legal Proceedings.3

Sources

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