John Banning - 04 Apr 2025 Form 4 Insider Report for LION COPPER & GOLD CORP. (LCGMF)

Role: Chief Executive Officer
Signature: /s/ John Banning
Issuer symbol: LCGMF
Transactions as of: 04 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 09 Apr 2025, 16:50:06 UTC
Previous filing: 08 Aug 2024
Next filing: 21 Apr 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LCGMF	Options	Award	$0	+7,500,000		$0.000000	7,500,000	04 Apr 2025	Common Shares	7,500,000	$0.0800	Direct	F1
holding	LCGMF	Options						2,500,000	04 Apr 2025	Common Shares	2,500,000	$0.0580	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	3,750,000 options will vest upon the issuer achieving a market capitalization of US$100,000,000, and 3,750,000 options will vest upon the issuer achieving a market capitalization of $200,000,000
F2	(1) 500,000 options vested on 7-26-24; (2) 1,000,000 options will vest upon completion of Stage 2b and, if applicable, Stage 2c pursuant to the terms of the option agreement between Singatse Peak Services, LLC and Rio Tinto America Inc. ("Rio Tinto") dated 3-18-22 (the "RT Agreement"), as currently amended or as may in the future be amended, and (3) 1,000,000 options will vest upon entering Stage 3 by Nuton, LLC or Rio Tinto in accordance with the RT Agreement.

Content

3,750,000 options will vest upon the issuer achieving a market capitalization of US$100,000,000, and 3,750,000 options will vest upon the issuer achieving a market capitalization of $200,000,000

(1) 500,000 options vested on 7-26-24; (2) 1,000,000 options will vest upon completion of Stage 2b and, if applicable, Stage 2c pursuant to the terms of the option agreement between Singatse Peak Services, LLC and Rio Tinto America Inc. ("Rio Tinto") dated 3-18-22 (the "RT Agreement"), as currently amended or as may in the future be amended, and (3) 1,000,000 options will vest upon entering Stage 3 by Nuton, LLC or Rio Tinto in accordance with the RT Agreement.