Lion Copper Receives US$5 Million Additional Nuton Funding, Proposes Early Repayment of Convertible Debentures, Adopts Rolling Stock Option Plan and Grants Stock Options
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Lion Copper and Gold Corp. has received an additional $5 million in funding from Nuton LLC, a subsidiary of Rio Tinto, to advance studies at the Yerington Copper Project. The company also proposes early repayment of convertible debentures and adopts a rolling stock option plan.
December 11, 2024 | 5:30 pm
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Lion Copper and Gold Corp. received $5M from Nuton LLC for Yerington Copper Project studies, proposes early debenture repayment, and adopts a stock option plan.
The $5M funding from Nuton LLC, a subsidiary of Rio Tinto, is significant for Lion Copper and Gold Corp. as it supports advanced studies at the Yerington Copper Project, potentially enhancing project value. The early repayment of convertible debentures and adoption of a stock option plan may improve financial stability and align management incentives.
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