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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Financings

Lion One Announces CEO Appointment, Arete Transaction Update, and Credit Facility Update

By The Northwire Desk — AI Analysis Feb 25, 2026 · 08:16 LIO · 0.365 Lion One Metals Limited
LIO · Price

Executive Summary

  • Lion One Metals Limited appointed Campbell Olsen as Chief Executive Officer and Director, positioning the company for the pending $15 million Arete Capital equity investment.
  • The company received a notice of default from Nebari Collateral Agent on its senior secured loan facility, triggering an increased margin component of interest effective February 20 2026.
  • Additional corporate updates include termination of a market‑research service agreement with Couloir Capital.

Key Details

  • CEO Appointment: Campbell Olsen, former Investment Manager at Nomura Jafco and General Manager (Australasia) at Advent International, named CEO and Director; will serve as Arete Capital’s nominee on the board under the forthcoming Investor Rights Agreement.
  • Board Composition: Walter Berukoff (Chairman), Richard Meli, Todd Romaine, David Anderson, Campbell Olsen. Officers: Campbell Olsen (CEO), Walter Berukoff (President), Tony Young (CFO), Hamish Greig (VP, Corporate Secretary).
  • Arete Capital Transaction: Proposed $15 million equity investment remains under TSXV review; CEO change made to satisfy TSXV senior‑management requirements.
  • Credit Facility Default Notice: Nebari Collateral Agent notified Lion One of an event of default on non‑financial covenants and a “Material Adverse Effect” claim, effective January 31 2026.
  • Interest Rate Impact: Margin component of the loan’s interest rate increased to the default rate as of February 20 2026; will remain until defaults are cured or otherwise resolved.
  • Financing Discussions: Lion One is actively negotiating with Nebari to stabilize financing and address default issues.
  • Service Agreement Termination: The market‑research agreement with Couloir Capital has been terminated.

Notable Quotes

“On behalf of the Board and management team we welcome Campbell Olsen to the Company and look forward to unlocking shareholder value.” – Walter Berukoff, Chairman & President

Materiality Assessment: Material – Negative (the default notice on a senior secured loan facility represents a significant adverse financial event).

Read the original news release →

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