Lion Copper & Gold Advances Major Nevada Copper Project Toward Development
Strategic partnership funds feasibility study and permitting for large U.S. copper resource
What makes Lion Copper & Gold’s Nevada project significant?
Lion Copper & Gold is advancing a large copper development project in Nevada with more than 3 billion pounds of copper resources. With a strategic partner funding key development feasibility study and permitting, the company is moving the project toward potential production while reducing dilution risk for shareholders.
Copper is increasingly viewed as one of the most critical metals in the global economy.
From electrification and renewable energy systems to data infrastructure and artificial intelligence, demand for copper continues to grow as industries require large volumes of conductive materials.
Against that backdrop, Lion Copper & Gold is advancing a major copper development project in Nevada, one of the most established mining jurisdictions in the United States.
According to CEO John Banning, the project ranks among a small group of copper cathode projects that could come online in the United States within the next several years.
The project currently hosts reserves exceeding 2 billion pounds of copper and total resources of more than 3 billion pounds, positioning it among the larger copper cathode projects in the country.
Once developed, the project is expected to produce 99.99% pure copper cathode, a refined copper product ready for use in domestic manufacturing and industrial supply chains.
Beyond the size of the resource, another important element of the project is its strategic partnership.
Lion Copper & Gold has entered into an agreement with Nuton, a subsidiary of Rio Tinto, to advance the next phase of development.
Under the agreement, the partner is funding the project’s definitive feasibility study and permitting work, which are being conducted at the same time.
Running these processes in parallel can potentially shorten the timeline toward construction and production.
For more information on Lion Copper and Gold Corp. (CSE: LEO, OTCQB: LCGMF)
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