Lion Copper Receives US$5 Million Additional Nuton Funding, Proposes Early Repayment of Convertible Debentures, Adopts Rolling Stock Option Plan and Grants Stock Options

Core Points - Lion Copper and Gold Corp. has received an additional US$5 million in funding from Nuton LLC, a subsidiary of Rio Tinto, for advanced studies and completion of the pre-feasibility study at the Yerington Copper Project [3] - The company has proposed an early cash repayment of US$941,813 in outstanding convertible debentures by December 15, 2024, originally due on February 16, 2025 [4][5] - A new rolling stock option plan has been adopted, allowing the company to reserve up to 20% of its issued shares for stock option issuances, enhancing flexibility in attracting and retaining key personnel [7] - The company has granted 17,160,000 stock options under the new plan, exercisable at C$0.085 (US$0.06) per share, expiring five years from the date of grant [8]