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Lion Copper and Gold Announces Amendment of Stage 2 Program of Work Agreement

Lion Copper and Gold Announces Amendment of Stage 2 Program of Work Agreement

Lion Copper and Gold宣布修订第二阶段工作计划协议
newsfile ·  2023/10/20 08:30

Vancouver, British Columbia--(Newsfile Corp. - October 20, 2023) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG" or the "Company") announces an amendment to the Stage 2 Program of Work of its Option to Earn-in Agreement ("the Agreement") with Nuton LLC, a Rio Tinto venture, referenced in the Parties' March 18, 2022 Option Agreement. See news releases dated March 21, 2022 and January 5, 2023 for further details.

温哥华,不列颠哥伦比亚省-(Newsfile Corp.-2023年10月20日)-狮子铜金公司(TSXV:LEO)(OTCQB:LCGMF)(“狮子CG“或”公司“)宣布对双方2022年3月18日期权协议中提到的与力拓合资企业Nuton LLC的期权赚取协议(以下简称协议)第二阶段工作计划的修正案。有关详细信息,请参阅2022年3月21日和2023年1月5日的新闻稿。

Under the amendment, the term of Stage 2 of the Agreement has been extended by 9 months to September 12, 2024 to allow for completion of a pre-feasibility study incorporating Rio Tinto's NutonTM technologies.

根据修正案,协议第二阶段的期限延长了9个月,至2024年9月12日,以便完成包括力拓的Nuton的预可行性研究TM技术。

Stage 2 will now be divided into Stage 2a, comprising work completed up to the original January 12, 2024 end date, and Stage 2b, covering the extended term.

第二阶段现在将分为阶段2a和阶段2b,前者包括截至原定2024年1月12日结束日期的工作,后者涵盖延长的期限。

Subject to approvals, Rio Tinto will advance US$10 million of the Stage 3 earn-in amount to Lion CG for the Stage 2b work program within 30 days of completing Stage 2a.

如获批准,力拓将在完成阶段2a后30天内,将阶段3收入金额中的1,000万美元预支给Lion CG,用于阶段2b工作计划。

After Stage 2b, the companies will decide if an additional Stage 2c work program is necessary. If pursued, subject to approvals, Rio Tinto will advance another US$5 million for Stage 2c within 30 days of executing the scope of work agreement.

在阶段2b之后,公司将决定是否需要额外的阶段2c工作计划。如果获得批准,力拓将在执行工作范围协议后30天内为2c阶段再预付500万美元。

Travis Naugle, co-chairman & CEO of Lion CG, states: "We are pleased to continue our partnership with Rio Tinto to further assess deployment of their innovative NutonTM technologies at our Yerington Copper Project. The pre-feasibility study will provide critical data to inform next steps and potential creation of a joint investment vehicle for development."

Lion CG联席董事长兼首席执行官特拉维斯·诺格尔表示:“我们很高兴继续与力拓合作,进一步评估他们创新的Nuton的部署情况TM我们叶灵顿铜矿项目的技术。预可行性研究将提供关键数据,为下一步行动和可能建立一个联合投资工具进行开发提供信息。“

About Lion CG
Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship copper projects at Yerington, Nevada through an Option to Earn-in Agreement with Rio Tinto.

关于Lion CG
狮子铜金公司是一家总部位于加拿大的公司,通过与力拓签订的期权增持协议推进其在内华达州耶灵顿的旗舰铜矿项目。

About Nuton
Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leach related technologies and capability - a product of almost 30 years of research and development. Nuton offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates, contributing to an increase in copper production from copper bearing waste and tailings, and getting higher copper recoveries on oxide and transitional material. One of the key differentiators of Nuton is the potential to produce the world's lowest impact copper while having at least one Net Positive impact at each of our deployment sites, across our five pillars: water, energy, land, materials and society.

关于Nuton
Nuton是一家旨在帮助力拓发展铜业务的创新企业。Nuton的核心是一系列与铜浸出相关的专利技术和能力--这是近30年来研发的产品。Nuton提供了通过浸出从原生硫化物资源中经济地释放铜的潜力,实现了市场领先的回收率,有助于增加含铜废料和尾矿的铜产量,并从氧化物和过渡材料中获得更高的铜回收率。Nuton的主要优势之一是有潜力生产世界上影响最小的铜,同时在我们的每个部署地点产生至少一个净积极影响,涉及我们的五大支柱:水、能源、土地、材料和社会。

On behalf of the Board of Directors,
Stephen Goodman
President

我谨代表董事会:
史蒂芬·古德曼
总裁

For more information please contact:
Email: info@lioncg.com
Website:

如需更多信息,请联系:
电子邮件:info@lion cg.com
网站:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "expect", or the negative of these terms and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

根据适用的证券法,本新闻稿中的某些信息构成前瞻性陈述。本新闻稿中包含的任何非历史事实的陈述均可被视为前瞻性陈述。前瞻性陈述通常通过诸如“可能”、“预期”或这些术语的否定或类似的表达来识别。前瞻性陈述必然涉及已知和未知的风险,包括但不限于与总体经济状况有关的风险;不利的行业事件;营销成本;市场损失;未来的立法和监管发展;无法从内部和外部来源获得足够的资本,和/或无法以有利的条件获得足够的资本;所得税和监管事项;公司实施其业务战略的能力;竞争;货币和利率波动以及其他风险。

To view the source version of this press release, please visit

要查看本新闻稿的源版本,请访问

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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