Asset Manager

Updated:

Lion Copper and Gold

Lion Copper and Gold is a Vancouver-based developer advancing the historic Yerington copper district in Nevada, partnered with Rio Tinto's Nuton venture.

Lion Copper and Gold

Lion Copper and Gold focuses on the exploration and development of copper assets in Nevada's Walker Lane trend. The company's flagship MacArthur project is a large, permitted oxide copper deposit with established infrastructure, while the adjacent Yerington pit and Bear deposit offer further resource upside. Both projects sit on private land, which simplifies state-level permitting relative to federal-land alternatives. Lion's strategy centers on advancing MacArthur toward a feasibility study and eventual production decision, with copper recovery via conventional solvent extraction and electrowinning methods. The firm signed a strategic partnership with Nuton, a Rio Tinto venture, in 2022 to deploy primary sulfide leaching technologies at MacArthur (per the firm, 2022). This collaboration provides technical support, milestone payments, and a path to offtake. Lion also holds water rights and extensive land packages in Nevada's Mason Valley. The company maintains a project office in Yerington, Nevada, and lists on the TSX Venture Exchange and OTCQB. While team size is not publicly detailed, leadership combines mining engineering and public-company management experience. In November 2023, Lion closed an $8.5 million private placement to fund ongoing permitting and feasibility work at MacArthur (per the firm, 2023). Lion's architecture differs from pure exploration plays: it holds a district-scale land position with historical production, partnered with a major mining company on a novel leaching technology. This creates a structuring optionality — sell to a major, joint-venture, or self-fund into production — that smaller single-asset developers lack.

Website
lioncg.com

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

Canada

City

Vancouver

Corporate office

Vancouver, BC, Canada

Additional offices

Yerington, NV, United States

Principals

Steven Dischler

Chief Executive Officer

Travis Naugle

Chief Operating Officer

Sector focus

Energy Transition & RenewablesReal Estate

Frequently asked questions

What is Lion Copper and Gold's primary asset?

The company controls the Yerington copper district in Nevada, including the MacArthur copper project, the Yerington pit, and the Bear deposit. MacArthur is the most advanced asset, a large, permitted oxide copper deposit with established infrastructure. Measured and indicated resources across the district exceed 1 billion pounds of copper.

How is Rio Tinto involved with Lion Copper and Gold?

In 2022, Lion entered a strategic partnership with Nuton, a Rio Tinto venture focused on primary sulfide leaching technologies. Nuton will provide technical expertise to evaluate deploying its leaching processes at MacArthur, along with staged milestone payments. The agreement also gives Nuton a path to earn into a joint venture and secure copper offtake (per the firm, 2022).

What stage are Lion's projects at?

MacArthur is the most advanced, having completed a preliminary economic assessment and moving toward a feasibility study. It is permitted for mining operations on private land. The Yerington pit and Bear deposit are earlier-stage targets requiring further drilling and study. The company is not currently in production.

Where does Lion Copper and Gold trade?

The firm lists on the TSX Venture Exchange under the symbol LEO and on the OTCQB market under LCGMF. It is a Canadian-domiciled company with operational headquarters in Vancouver, British Columbia, and a project office in Yerington, Nevada.

How does Lion fund its development work?

Lion uses a combination of equity private placements and strategic partner funding. The Nuton agreement provides milestone payments tied to technical work. In November 2023, Lion raised $8.5 million in a private placement to fund permitting and feasibility activities at MacArthur (per the firm, 2023).

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