Form 4: Lion Copper & Gold Director Boosts Stake with Share Purchases

A director and 10% owner of Lion Copper & Gold Corp. has significantly increased their direct holdings through recent share acquisitions.

Summary

• Tony L. Alford, a Director and 10% Owner of LION COPPER & GOLD CORP. (LCGMF), acquired a total of 1,099,673 common shares through open market purchases between December 11 and December 15, 2025.
• The shares were purchased at weighted average costs ranging from $0.1319 to $0.1685 per share.
• Following these transactions, Tony L. Alford directly beneficially owns 85,472,008 common shares.
• Christine Alford, also a 10% Owner, directly holds 15,234,794 common shares.
• Tony L. Alford and Christine Alford jointly hold 43,477,269 common shares.
• The reporting persons also hold various derivative securities, including 29,995,000 options with exercise prices between $0.052 and $0.087, and expiration dates up to 2030.
• They hold 14,507,772 common shares underlying 12% Secured Convertible Debentures with a conversion price of $0.0965, maturing on November 6, 2026.
• Additionally, they hold 74,276,012 warrants with exercise prices between $0.056 and $0.0965, and expiration dates up to 2030.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a director and 10% owner, indicating strong confidence in the company's valuation and future prospects. The substantial existing holdings further reinforce this positive outlook.

Positives

• A director and 10% owner, Tony L. Alford, made significant direct purchases of common shares, indicating strong confidence in the company's future prospects.
• The total beneficial ownership of common shares and derivative securities by the reporting persons is substantial, aligning their interests closely with other shareholders.

Negatives

• No specific negative information was disclosed in this insider transaction report.

Risks

• The value of common shares and derivative securities is subject to market fluctuations.
• The conversion of debentures and exercise of options/warrants are dependent on future stock performance and market conditions.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reported transactions involve a director and 10% owner of the issuer, which are considered related party transactions.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, potentially boosting investor confidence.
• The existence of convertible debentures and warrants could lead to future dilution if converted/exercised, impacting existing shareholders' percentage ownership.

Next Steps

• Potential conversion of 12% Secured Convertible Debentures into common shares starting November 6, 2025.
• Potential exercise of various options and warrants by the reporting persons, subject to their respective exercisable and expiration dates.

Key Dates

Recommendation

The direct purchase of over 1 million common shares by a director and 10% owner, Tony L. Alford, at market prices, signals strong conviction in the company's current valuation and future growth trajectory. This insider buying, coupled with substantial existing direct and indirect holdings, suggests a high degree of alignment between management's interests and those of shareholders. Such actions typically precede positive developments or reflect an undervalued stock, making it a compelling 'buy' signal for seasoned investors.

Keywords

LION COPPER & GOLD CORP., LCGMF, Insider Buying, Form 4, Director Stock Purchase, Beneficial Ownership, Common Shares, Options, Warrants, Convertible Debentures, Copper, Gold