Lion Copper Corp. (LCU:NASDAQ, LCU:CSE)
LCU’s flagship Yerington Project is sizable, and progressing toward domestic LME Grade A copper cathode production beginning in 2030.
Nuton (Rio Tinto) is a strategic partner funding advancement under a 65% earn-in, with an exercise requirement alongside 2027’s DFS.
Lion’s earlier-stage Bear Deposit hosts ~15.5Blb Cu offering notable synergies as it is integrated in the district.
We view the upcoming Q1/27 DFS, and potential JV formation to follow, as a critical milestone to drive a re-rating.
Investment Summary
Company Description
Lion Copper Corp. is a U.S.-focused copper development company advancing its flagship Yerington Copper Project in Lyon County, Nevada. The Company’s strategy is focused on developing significant domestic copper resources and establishing a potential long-term source of copper cathode for the United States. LCU is progressing a Definitive Feasibility Study and permitting activities for the Yerington Copper Project, with the objective of advancing the project to a 2027 final investment decision facilitating first production in 2030.
Research
