Thu, May 15, 7:34 PM (37 days ago)
**Lion Copper and Gold Corp. (LCGMF) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated; the company is in the exploration stage. - **Net Loss:** $2,318,000 (Q1 2024: $2,453,000) - **Operating Expenses:** $2,569,000 (Q1 2024: $3,821,000) - Exploration & Evaluation: $1,163,000 (Q1 2024: $2,660,000) - General & Administrative: $108,000 (Q1 2024: $217,000) - Share-based Payments: $1,086,000 (Q1 2024: $660,000) - **Cash Flow:** Net cash used in operating activities: $2,362,000 (Q1 2024: $8,152,000 inflow) - **Cash Position:** $6,333,000 (March 31, 2025) vs. $7,999,000 (December 31, 2024) **Profit Margins:** - **Operating Margin:** Negative due to no revenue and high exploration costs. - **Net Margin:** Negative due to net losses. **Trends and Uncertainties:** - **Exploration Funding:** Nuton LLC funding covered 86% of expenses (Q1 2024: 84%). - **Water Rights:** Successfully reinstated water rights for the Yerington Copper project. - **Future Financing:** Uncertainty regarding Nuton LLC's decision to proceed with Stage 3, which could impact the company's ability to continue operations. - **Going Concern:** Material uncertainties cast doubt on the company's ability to continue as a going concern. **Future Operations Impact:** - **Stage 2c Completion:** On track to complete by June 30, 2025. - **Potential Stage 3:** Nuton LLC to decide on funding a feasibility study within 60 days of Stage 2c completion. - **Financing Needs:** May require additional financing if Nuton LLC does not proceed with Stage 3. **Quarterly Performance Discussion:** - **Q1 2025 vs. Q1 2024:** Lower expenses and net loss, improved cash flow from financing activities. - **Year-over-Year:** Consistent exploration and evaluation expenditures, fluctuating non-operating income/expenses. **Earnings Changes:** - **Share-based Payments:** Increased due to options granted and vested. - **Convertible Debentures:** No loss recognized in Q1 2025 compared to $1,750,000 loss in Q1 2024. **Conclusion:** Lion Copper and Gold Corp. continues to focus on exploration activities funded primarily by Nuton LLC. The company faces material uncertainties regarding future financing and its ability to continue as a going concern. Successful reinstatement of water rights and progress on the Yerington Copper project are positive developments. However, the company's financial health remains dependent on external funding and the outcome of Nuton LLC's decision on Stage 3.