Lion Copper and Gold Corp. Appoints Samuel Engineering as Lead Consultant for Definitive Feasibility Study and Nexus Environmental Consultants as Lead Permitting Consultant for Yerington Copper Project

Executive Summary

• Lion Copper and Gold Corp. appointed Samuel Engineering, Inc. as lead consultant for the Definitive Feasibility Study (DFS) and NEXUS Environmental Consultants Inc. as lead permitting/environmental consultant for its Yerington Copper Project in Nevada.
• The appointments are directly aligned with Nuton’s Stage 3 funding commitment of up to US$31 million to advance DFS, permitting, and technical development activities.
• These steps move the Yerington project toward inclusion under the FAST‑41 permitting framework, enhancing schedule certainty for a major domestic copper supply asset.

Key Details

• Consultant Appointments
• Samuel Engineering, Inc. – Lead DFS consultant; will coordinate mine planning, processing design, infrastructure, capital & operating cost estimation, scheduling, and execution strategy.

• NEXUS Environmental Consultants Inc. – Lead permitting and environmental consultant; will manage baseline studies, permitting strategy, regulatory submissions, and agency coordination (state and federal), including NEPA and BLM processes.

• Funding Alignment

• Nuton’s Stage 3 partnership commits up to US$31 million to fund definitive feasibility, permitting, and technical development for the Yerington project.

• The DFS and permitting work are structured to run in parallel with Nuton’s proprietary heap‑leach technology deployment plans.

• Strategic Context

• Yerington is one of the largest undeveloped copper assets in the United States, positioned to support domestic copper cathode supply for electrification, renewable energy, AI infrastructure, data centers, and EVs.

• Inclusion under the FAST‑41 framework aims to provide greater transparency, coordination, and schedule certainty for critical minerals projects.

• CEO Comment

• “Appointing Samuel Engineering and Nexus Environmental Consultants positions Lion CG to advance Yerington through DFS and permitting in a disciplined, integrated manner… fully aligned with Nuton’s Stage 3 funding commitment and our intention to progress the project toward FAST‑41.” – John Banning, CEO

Notable Quotes

• John Banning, CEO: “Both firms bring best‑in‑class project management, technical and regulatory expertise, deep U.S. copper experience, and a strong track record of execution… reinforcing transparency, schedule discipline, and enhancing development certainty for one of the most significant domestic copper cathode projects in the United States.”