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Lion Copper and Gold Corp. Receives US$30.5 Million from Nuton to Advance Yerington Copper Project
TMX Newsfile· 2026-01-26 17:50
Core Viewpoint - Lion Copper and Gold Corp. has secured a US$30.5 million investment from Nuton LLC, a subsidiary of Rio Tinto, to advance the Yerington Copper Project in Nevada, marking a significant milestone for the company [1][3]. Funding and Project Advancement - The funding is part of Stage 3 of the earn-in agreement and will be allocated towards the Definitive Feasibility Study (DFS) and related permitting activities, including technical optimization and environmental studies [2][5]. - This investment allows the company to progress the DFS and permitting work without significant dilution and execution risk for shareholders [3]. Strategic Importance of the Project - The Yerington Copper Project is located in a Tier-1 U.S. jurisdiction and is seen as crucial for increasing domestic copper cathode production, which is essential due to rising demand from sectors like electrification and electric vehicles [3][4]. - The project aims to qualify under the U.S. federal FAST-41 permitting framework, enhancing transparency and predictability in the permitting process for critical mineral projects [4]. Technological Advancements - The Nuton® Technology will be further refined during the DFS work program, aiming to improve copper recoveries and reduce capital intensity and environmental impact compared to conventional methods [5][7]. - Nuton focuses on producing low-footprint copper while ensuring positive impacts across various environmental and societal pillars [8]. Company Overview - Lion Copper and Gold Corp. is a junior mining company advancing its projects in Nevada through an earn-in agreement with Nuton, emphasizing modern processing technologies to accelerate production [6].
Gunnison Copper Announces That Rio Tinto and Amazon Web Services Collaborate to Bring Low-Carbon Nuton Copper from Gunnison's Johnson Camp Mine to U.S. Data Centers
TMX Newsfile· 2026-01-15 11:00
Core Insights - Gunnison Copper Corp. has announced a strategic collaboration between Rio Tinto and Amazon Web Services (AWS), marking AWS as the first customer of Nuton® Technology following its successful industrial-scale deployment at Gunnison's Johnson Camp copper mine [1][2] Group 1: Collaboration and Technology - AWS will utilize the first Nuton copper produced in its U.S. data centers, while also providing cloud-based data and analytics to enhance the optimization of Nuton's bioleaching technology [2][3] - Nuton employs AWS platforms to simulate heap-leach performance and integrate advanced analytics, optimizing acid and water usage and improving copper recovery predictions [3][4] Group 2: Environmental and Economic Benefits - The Nuton bioleaching process yields 99.99% pure copper cathode at the mine gate, eliminating the need for traditional concentrators, smelters, and refineries, thus shortening the mine-to-market supply chain [5] - Nuton is expected to consume significantly less water and produce lower carbon emissions compared to conventional processing methods, while also recovering value from previously classified waste materials [5] Group 3: Statements from Executives - Rio Tinto's Copper Chief Executive emphasized the collaboration as a demonstration of how industrial innovation and cloud technology can produce cleaner, lower-carbon materials at scale [6] - Amazon's Chief Sustainability Officer highlighted the collaboration as a breakthrough in copper production that aligns with Amazon's goal to achieve net zero carbon by 2040 [6] - Gunnison Copper's CEO noted the significance of having Nuton copper used in AWS's data centers, reinforcing the importance of domestic production and innovation in strengthening U.S. supply chains [6] Group 4: Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km radius in the Southern Arizona Copper Belt [7] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicates an NPV of $1.3 billion and an IRR of 20.9% [8]
Rio Tinto's Nuton technology produces first copper
Businesswire· 2025-12-04 06:23
Core Insights - Rio Tinto has produced its first copper from the Johnson Camp mine in Arizona using Nuton® Technology, marking a significant advancement in copper processing technology [1] Company Developments - The production of the first copper cathode at Gunnison Copper's Johnson Camp mine was achieved after over 30 years of research and development [1] - The proprietary bioleaching technology utilized by Rio Tinto relies on microorganisms that are grown on-site [1]
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].
Gunnison Copper Announces First Copper Sales from Johnson Camp Mine
Newsfile· 2025-09-25 10:30
Core Viewpoint - Gunnison Copper Corp. has successfully completed its first copper sales from the Johnson Camp Mine, marking a significant milestone in revenue generation and operational progress for the company [2][3][4]. Company Overview - Gunnison Copper Corp. operates the Johnson Camp Mine in southeast Arizona, with a production capacity of up to 25 million pounds of copper cathode annually [2][5]. - The company is focused on developing multiple copper assets within the Cochise Mining District, which contains 12 known deposits [7]. First Copper Sales - On September 15, 2025, Gunnison completed its inaugural copper sales, selling 225,371 pounds of finished copper cathode at an average price of US$4.64 per pound, generating gross proceeds of approximately US$1,046,194 [3][4]. - The sales represent the first revenue from the Johnson Camp Mine and highlight the company's rapid progress since achieving first copper production [4][6]. Production and Technology - The Johnson Camp Mine commenced production in the last week of August 2025, ahead of schedule, and has maintained an excellent health and safety record [5][6]. - The copper produced is fully sourced from the United States, contributing to American energy independence and supporting domestic supply chains [5][6]. - The company plans to utilize Nuton® technology for future copper production, which is expected to enhance recovery rates and increase domestic copper production [6][15]. Economic Assessment - The Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment (PEA) indicates a net present value (NPV) of US$1.3 billion and an internal rate of return (IRR) of 20.9% [8].