SCHEDULE: Alford Increases Stake in Lion Copper & Gold to 43.24%

Tony L. Alford and Christine Alford have increased their beneficial ownership in Lion Copper & Gold Corp., with Tony Alford now holding 43.24% of common shares.

Summary

• Tony L. Alford and Christine Alford filed Amendment No. 7 to their Schedule 13D, detailing increased beneficial ownership in Lion Copper & Gold Corp.
• Tony Alford now beneficially owns 217,503,909 common shares, representing 43.24% of the class.
• Christine Alford beneficially owns 58,712,063 common shares, representing 14.21% of the class.
• Combined, they beneficially own 232,738,703 common shares, or 46.27% of the class, though they disclaim group membership.
• Tony Alford was granted 16,000,000 stock options on September 5, 2025, with an exercise price of $0.087 and a five-year term, for his services as a director.
• Tony Alford also purchased 256,065 common shares in open market transactions on September 8 and 9, 2025, at a weighted average price of $0.1004.
• The reporting persons intend to continue acquiring additional common shares for investment purposes and to influence company policies to maximize shareholder value.

Sentiment

Score: 7

Explanation: The increased insider ownership and stated intent to maximize shareholder value are positive indicators, suggesting strong confidence from a key director and investor. No negative operational or financial news is present.

Positives

• Increased insider ownership demonstrates confidence in the company's future prospects.
• Tony Alford, a director, actively acquiring shares and options aligns his interests with other shareholders.
• The stated intent to influence policies for maximizing share value suggests active engagement from a significant shareholder.

Future Outlook

The reporting persons intend to continue to acquire beneficial ownership of additional common shares by participating in private offerings and making open market purchases when warranted by market conditions. Tony Alford also intends to seek to influence the policies of the Issuer with a goal of maximizing the value of the Issuer's common shares.

Management Comments

• We intend to continue to acquire beneficial ownership of additional common shares by participating from time to time in private offerings of securities and by making open market purchases of common shares when warranted by market conditions.
• We intend to seek to influence the policies of the Issuer with a goal of maximizing the value of the Issuer's common shares.

Industry Context

This filing primarily details changes in significant insider ownership and does not provide broader industry context. However, increased insider stakes in junior mining companies like Lion Copper & Gold Corp. can signal confidence in future resource development or commodity price trends, particularly for copper and gold.

Comparison to Industry Standards

• This filing is an ownership disclosure and does not contain operational or financial results that can be directly compared to industry benchmarks or specific comparable companies/projects. The increase in insider ownership is a common indicator of confidence, but its impact is specific to the company's individual circumstances.

Related Party Transactions

• Tony L. Alford, a director of the Issuer, was granted 16,000,000 stock options by the Issuer in consideration for his services.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling confidence and alignment of interests. The intent to influence policies for value maximization could benefit all shareholders.
• Management/Board: Tony Alford's significant stake and stated intent to influence policies could lead to more active engagement and oversight from a major shareholder.

Next Steps

• Reporting persons may continue to acquire additional common shares through private offerings and open market purchases.
• Tony Alford will continue to serve as a director and seek to influence company policies to maximize share value.

Key Dates

Recommendation

While the increased insider ownership and stated intent to maximize shareholder value are positive signals, this filing primarily details ownership changes rather than new operational or financial performance. Without additional information on the company's core business performance, a 'hold' recommendation is prudent, acknowledging the insider confidence while awaiting further fundamental updates.

Keywords

Lion Copper & Gold Corp., LCGC, Tony L. Alford, Christine Alford, Schedule 13D/A, Beneficial Ownership, Insider Buying, Stock Options, Copper Mining, Gold Mining, Investment, Shareholder Activism