Lion Copper and Gold Corp. has completed its planned hydrogeological, geotechnical and VLT resource drilling programs for the Yerington Copper Project in Lyon County, Nevada, keeping its Definitive Feasibility Study on schedule for completion in the first quarter of 2027.

The technical programs and parallel permitting activities are advancing under Stage 3 of an earn-in agreement with Nuton LLC, a subsidiary of Rio Tinto Group. Nuton is funding up to approximately US$31 million for the Definitive Feasibility Study and associated permitting work.

Engineering and technical studies across mine engineering, processing, rail and logistics, infrastructure design, water management, environmental studies and permitting support are proceeding in parallel. With engineering advancing, many major project infrastructure components have entered the third-party bidding process, which will help refine capital cost estimates for the study. Environmental baseline studies, project facility definition and agency engagement also remain underway to support future state and federal permit applications.

The company also notes that the recently announced Mineral Resource Estimate for the Bear Deposit demonstrates the broader district-scale copper endowment within the Yerington Copper District, representing a long-term development opportunity contiguous with the Yerington project.

Copper traded at US$0.41 per pound, up 4.94% over the 30-day period ending August 10, 2026.

“The Yerington Copper Project continues to advance well through the Definitive Feasibility Study. Completing the major field programs, including the hydrogeological, geotechnical and VLT resource drilling programs, represents another important milestone for the project. We remain on schedule and on budget for completion of the DFS in the first quarter of 2027. As the project continues to mature, major infrastructure packages are now progressing through the third-party bidding process, which will provide additional confidence in the capital cost estimates supporting the study.”

— John Banning, Chief Executive Officer

Read the full announcement: Lion Copper & Gold Provides Definitive Feasibility Study and Permitting Update for the Yerington Copper Project