Fri, Mar 28, 9:04 PM (30 days ago)
**Summary of Lion Copper and Gold Corp. (Ticker: LCGMF)** **Financial Performance:** - **Revenue:** The company reported no revenue for the fiscal year ended December 31, 2024. - **Net Income:** The company incurred a net loss of $4,741,000 for the fiscal year ended December 31, 2024. - **Operating Expenses:** Total operating expenses were $13,257,000, including exploration and evaluation costs of $8,243,000, general and administrative expenses of $702,000, and other expenses. - **Earnings per Share:** The loss per share was $0.01 for the fiscal year ended December 31, 2024. **Strategic Overview:** - **Core Business:** Lion Copper and Gold Corp. is an exploration-stage company focused on acquiring, exploring, and developing copper projects in Nevada and Montana, USA. - **Key Projects:** The company's primary project is the Yerington Copper Project in Nevada, which includes the Yerington, MacArthur, and Bear properties. - **Strategic Partnerships:** The company has an option agreement with Nuton LLC, a Rio Tinto venture, to advance studies and exploration at its copper projects. **Future Outlook:** - **Exploration and Development:** The company plans to continue exploration activities at the Yerington Copper Project, focusing on drilling, resource updates, and environmental studies. - **Financing:** The company has raised funds through private placements and convertible debentures to support its exploration and development activities. - **Risk Factors:** The company faces risks related to exploration success, financing, regulatory compliance, and market conditions. **Risk Factors:** - **Exploration Risks:** The success of the company's exploration programs is uncertain, and there is no guarantee that the projects will result in commercially viable mineral deposits. - **Financing Risks:** The company relies on external financing to fund its operations, and there is no assurance that additional funding will be available. - **Regulatory Risks:** The company's operations are subject to various environmental and regulatory requirements, which could impact its ability to proceed with exploration and development activities. **Financial Condition:** - **Cash Position:** As of December 31, 2024, the company had cash and cash equivalents of $7,999,000. - **Working Capital:** The company had a working capital surplus of $346,000 as of December 31, 2024. - **Liabilities:** The company had total liabilities of $7,741,000 as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** The company's stock is listed on the Canadian Securities Exchange (CSE) under the symbol "LEO" and is quoted on the OTCQB under the symbol "LCGMF." - **Shareholder Base:** As of March 28, 2025, there were 252 registered holders of record of the company's common shares. **Note:** The company's financial statements and management's discussion and analysis provide a more detailed overview of its financial condition, results of operations, and strategic plans.