$LCGMF

Lion Copper Corp.

CIK:0001339688|SEC Filings

Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses
Exploration and evaluation	$ 4,144	$ 987	$ 5,078	$ 2,150
General and administrative	798	1,392	1,677	2,793
Shares-based compensation	81	171	88	1,257
Nuton LLC earn in liability	(4,997)	(1,940)	(6,762)	(4,153)
Operating loss	(26)	(610)	(81)	(2,047)
Non-operating income (expenses)
Accretion and interest expenses	(271)	(7)	(524)	(12)
Fair value loss on derivative liabilities	0	(1,008)	(2,677)	(1,782)
Foreign exchange gain	116	19	119	(11)
Interest income and other	85	40	186	169
Gain (loss) on shares issued for services	3	0	(10)	0
Share of loss in associate	(3,683)	(116)	(7,438)	(317)
Unrealized gain on investments	(309)	0	(53)	0
Total non-operating income (expenses)	(4,059)	(1,072)	(10,397)	(1,953)
Net loss and comprehensive loss for period	(4,085)	(1,682)	(10,478)	(4,000)
Net loss and comprehensive loss attributed to:
Shareholders of the Company	(4,085)	(1,335)	(10,478)	(2,890)
Non-controlling interest	0	(347)	0	(1,110)
Net income (loss) and comprehensive income (loss) for the year	$ (4,085)	$ (1,682)	$ (10,478)	$ (4,000)
Loss per share
Loss per share, basic	$ (0.01)	$ 0	$ (0.02)	$ (0.01)
Loss per share, diluted	$ (0.01)	$ 0	$ (0.02)	$ (0.01)
Weighted average number of shares outstanding
Weighted average number of shares outstanding - basic	430,242,672	411,132,693	423,365,174	411,072,314
Weighted average number of shares outstanding - diluted	430,242,672	411,132,693	423,365,174	411,072,314

Condensed Interim Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Loss for the period	$ (10,478)	$ (4,000)
Non-cash transactions
Accretion expense	363	0
Fair value gain on derivative liabilities	2,677	1,782
Depreciation expense	2	0
Interest expenses	161	12
Share of loss in associate	7,438	317
Shares-based compensation	88	1,257
Amortization of ROU asset	0	21
Shares issued for services	60	0
Unrealized gain on investments	53	0
Loss on shares issued for services	10	0
Changes in non-cash operating assets and liabilities
Other receivable	542	18
Prepaid expenses and deposit	4	(134)
Accounts payable and accrued liabilities	832	(117)
Lease liabilities	0	(21)
Nuton LLC earn in liability	19,233	(4,284)
Cash flow provided (used) by operating activities	20,985	(5,149)
Investing activities
Mineral properties	(4,505)	(356)
Nuton LLC deposit applied	4,505	131
Purchase of property and equipment	(39)	0
Cash used by investing activities	(39)	(225)
Financing activities
Proceeds from private placements	0	482
Conversion of convertible debentures	0	416
Repayment of convertible debentures	0	(6)
Proceeds from warrants and options exercised	1,213	44
Cash provided by financing activities	1,213	936
Increase (decrease) in cash and cash equivalents	22,159	(4,438)
Cash and cash equivalents, beginning of period	2,364	7,999
Cash and cash equivalents, end of period	$ 24,523	$ 3,561

Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current
Cash and cash equivalents	$ 24,523	$ 2,364
Other receivables	15	557
Prepaid and deposit	0	4
Current assets	24,538	2,925
Non-Current
Mineral properties	7,986	7,986
Reclamation bonds	9	9
Investment in associate	10,391	17,829
Investment other	666	719
Property and equipment	37	0
Total assets	43,627	29,468
Current
Accounts payable and accrued liabilities	1,060	228
Nuton LLC earn in liability	19,437	204
Convertible debentures	2,610	2,086
Derivative liabilities	0	3,564
Total current liabilities	23,107	6,082
Total liabilities	23,107	6,082
Shareholders' Equity
Share capital, no par value, unlimited common shares authorized; 431,222,956 issued and outstanding (December 31, 2025 - 413,234,899)	112,641	110,702
Additional paid-in capital	34,183	28,500
Commitment to issue shares	0	10
Deficit	(126,304)	(115,826)
Total shareholders' equity	20,520	23,386
Total liabilities and shareholders' equity	$ 43,627	$ 29,468