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Lion Copper and Gold Corp. Secures US$31M Milestone Funding to Advance Feasibility Study and Mine Permitting for the Yerington Copper Project
Newsfile· 2025-11-24 22:03
Core Insights - Lion Copper and Gold Corp. has secured a US$31 million investment from Nuton LLC to advance the Yerington Copper Project, which is aimed at enhancing domestic copper cathode production and supporting the critical mineral supply chain [2][3]. Funding and Project Development - Nuton will provide funding to progress a Definitive Feasibility Study (DFS), mine permitting, and associated work programs at the Yerington Copper Project [3]. - To date, Nuton has invested approximately US$28 million in resource definition drilling, environmental studies, and preliminary assessments, which have been part of earlier project stages [4]. Strategic Importance - The advancement to Stage 3 is seen as a pivotal milestone for the Yerington Copper Project, reflecting confidence in its potential as a significant domestic copper supplier [5]. - The collaboration aims to meet rising copper demand with innovative and low-impact solutions, leveraging Nuton's proprietary bio-heap-leach technology [5][9]. Next Steps - During Stage 3, the parties will focus on completing the DFS, submitting final permitting applications, and conducting detailed engineering and cost estimation [6][13]. - Lion CG plans to provide updates on key milestones related to feasibility, permitting, and potential commercial agreements as the project progresses [7].