Lion Copper and Gold Corp. Reports $2.318 Million Net Loss in Q1 2025, Sees Improvement in Exploration Funding

Lion Copper and Gold Corp. reported a net loss of $2.318 million for the first quarter of 2025, a slight improvement from the $2.453 million loss recorded in the same period of 2024. The company's operating loss for the quarter was $1.442 million, compared to $1.263 million in the previous year. The decrease in losses can be attributed to a reduction in exploration and evaluation expenses, which fell to $1.163 million from $2.660 million year-over-year. The company’s cash and cash equivalents at the end of the quarter stood at $6.333 million, down from $7.999 million at the end of 2024.

In terms of operational developments, Lion Copper and Gold Corp. has made significant strides in its exploration activities, particularly through its partnership with Nuton LLC. The company has received a total of $28 million from Nuton LLC under an option agreement to advance its copper projects in Nevada, which includes the Yerington and MacArthur properties. The agreement allows Nuton LLC to earn a 65% interest in the projects by funding a three-stage program of work, with the current stage expected to conclude by June 30, 2025. The company also successfully reinstated 6,014.5 acre-feet of water rights essential for the development of the Yerington Copper project, following a settlement with the Nevada Division of Water Resources.

Lion Copper and Gold Corp. has seen a notable increase in its share count, with 411,011,264 shares outstanding as of March 31, 2025, compared to 382,792,710 shares a year earlier. The company has also issued 10,900,000 stock options during the quarter, leading to an increase in share-based payments to $1.086 million from $660,000 in the prior year. The company’s employee headcount has remained stable, with no significant changes reported.

Looking ahead, Lion Copper and Gold Corp. faces challenges related to its ongoing funding needs, as it has not yet generated revenue from its operations. The company has indicated that if Nuton LLC decides not to proceed with the next stage of funding, it will need to secure additional financing to maintain its mineral property interests and advance its projects. The management has expressed confidence in its ability to raise funds, but acknowledges the uncertainty surrounding future financing, which could impact its operational capabilities. The company continues to monitor market conditions and is focused on advancing its exploration initiatives while managing its financial resources prudently.