Form 4: Lion Copper & Gold Co-Chairman Exercises Options

Lion Copper & Gold Corp. Co-Chairman Thomas C. Patton exercised options to acquire 300,000 common shares, increasing his direct beneficial ownership.

Summary

• Thomas C. Patton, Co-Chairman and Director of Lion Copper & Gold Corp. (LCGMF), acquired 300,000 common shares through the exercise of stock options.
• The transaction occurred on August 18, 2025, with an exercise price of $0.08 Canadian dollars per share.
• Following this transaction, Thomas C. Patton directly beneficially owns 3,407,762 common shares.
• Indirect beneficial ownership includes 6,889,348 common shares held by the Thomas C and Linda Sue Patton Trust and 100,000 common shares held by the Thomas C Patton IRA.
• The exercised options were part of a grant with an original exercisable date of June 30, 2020, and an expiration date extended to August 20, 2025.
• After the exercise, 0 of these specific options remain.
• Thomas C. Patton retains beneficial ownership of other derivative securities, including 1,000,000 options at $0.06 expiring July 21, 2028; 200,000 options at $0.245 (CAD) expiring June 18, 2026; and 700,000 options at $0.067 expiring May 25, 2027.

Sentiment

Score: 7

Explanation: The sentiment is positive as an insider exercising options typically indicates confidence in the company's future prospects. This action increases the executive's direct stake, aligning their interests with shareholders.

Positives

• The exercise of stock options by a key executive, Thomas C. Patton, signals confidence in the company's future performance and valuation.
• Increased direct beneficial ownership by a Co-Chairman aligns management's interests more closely with those of shareholders.

Future Outlook

This filing, an insider transaction report, does not provide forward-looking statements or guidance regarding the company's future operations or financial performance.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide specific context on broader industry trends or competitive landscape within the copper and gold mining sector.

Related Party Transactions

• Thomas C. Patton, Co-Chairman and Director of Lion Copper & Gold Corp., engaged in a transaction involving the exercise of stock options issued by the company, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, potentially boosting investor confidence in the company's future.

Key Dates

Recommendation

The exercise of stock options by a key executive indicates confidence in the company's future prospects. However, this filing alone does not provide sufficient information for a definitive 'buy' or 'sell' recommendation, as it primarily details an insider transaction rather than comprehensive financial performance or strategic shifts. It serves as a positive signal for existing shareholders.

Keywords

Lion Copper & Gold, LCGMF, SEC Form 4, Insider Transaction, Stock Options, Beneficial Ownership, Executive Compensation, Copper Mining, Gold Mining