Lion Copper & Gold Reveals Maiden Bear Deposit Resource with 6.7B lbs Indicated Copper
LCGMF has more than doubled off its 52-week low of $0.076 on elevated volume (2.2× avg).
Summary
Lion Copper & Gold announced a maiden resource estimate for the Bear Deposit containing 6.71 billion pounds of indicated copper and 8.77 billion pounds of inferred copper, significantly expanding the Yerington Copper Project's potential.
Key Events · Product Development and Regulatory · LCGMF
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Maiden Bear Deposit Resource
An indicated resource of 6.71 billion pounds of copper (1,064 Mt @ 0.29% Cu) and an inferred resource of 8.77 billion pounds (1,770 Mt @ 0.22% Cu) have been delineated, effective July 21, 2026.
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District-Scale Expansion
Contiguous with the flagship Yerington Copper Project, the Bear Deposit materially increases the company's copper endowment and enhances optionality for future mine planning.
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Nuton Earn-In Agreement
The Bear Deposit is part of the Mining Assets subject to the earn-in agreement with Nuton LLC (a Rio Tinto subsidiary), which has the right to acquire at least 65% of a future LLC upon an investment decision.
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Next Steps
Lion plans to evaluate integration into district planning alongside the Yerington Copper Project DFS, and assess expansion and upgrading strategies for the Bear resource.
Analysis · LCGMF · Energy & Transportation
A defining technical milestone has been reached with the maiden Mineral Resource Estimate for the Bear Deposit, which adds 6.71 billion pounds of indicated copper and 8.77 billion pounds of inferred copper, dramatically expanding the scale of the Yerington Copper Project. This resource base strengthens the district's strategic significance and provides a foundation for future engineering and mine planning. The deposit remains open for expansion and is subject to the Nuton earn-in agreement, potentially leading to a joint venture with Rio Tinto's subsidiary. For a junior explorer with a market cap around $78 million, this resource is transformative, though development will require significant additional capital, permitting, and property acquisitions.
At the time of this filing, LCGMF was trading at $0.18 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $77.6M. The 52-week trading range was $0.08 to $0.33. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.