2024 Q4 Form 10-Q Financial Statement
#000106299324019173 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | -$757.0K | |
YoY Change | -66.05% | |
Interest Expense | $48.00K | |
YoY Change | -58.97% | |
% of Operating Profit | ||
Other Income/Expense, Net | $394.0K | |
YoY Change | -547.73% | |
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$34.00K | |
YoY Change | -98.53% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | |
Diluted Earnings Per Share | $0.00 | |
COMMON SHARES | ||
Basic Shares Outstanding | 411.0M shares | 385.9M shares |
Diluted Shares Outstanding | 385.9M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $5.487M | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | $20.00K | |
Total Short-Term Assets | $5.617M | |
YoY Change | 10.64% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $8.715M | |
YoY Change | -3.74% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $5.617M | |
Total Long-Term Assets | $8.715M | |
Total Assets | $14.33M | |
YoY Change | 1.42% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $665.0K | |
YoY Change | 79.25% | |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $6.033M | |
YoY Change | 5.21% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $8.000K | |
YoY Change | -99.23% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.033M | |
Total Long-Term Liabilities | $8.000K | |
Total Liabilities | $6.041M | |
YoY Change | -10.79% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$129.9M | |
YoY Change | 3.58% | |
Common Stock | $109.3M | |
YoY Change | 3.74% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | ||
YoY Change | ||
Total Liabilities & Shareholders Equity | $14.33M | |
YoY Change | 1.42% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$34.00K | |
YoY Change | -98.53% | |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | ||
YoY Change | ||
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | ||
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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Liabilities Current
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Liabilities
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Liabilities
Liabilities
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Share Of Loss In Associate
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Wages Settled Through Transfer Of Investment Shares
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Share Based Compensation
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Share Based Compensation
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Gains Losses On Restructuring Of Debt
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Increase Decrease In Other Receivables
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Increase Decrease In Other Receivables
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Increase Decrease In Prepaid Expense
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Increase Decrease In Prepaid Expense
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us-gaap |
Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Payments For Expenditures On Mineral Properties
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Payments For Expenditures On Mineral Properties
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Net Cash Provided By Used In Investing Activities
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us-gaap |
Proceeds From Convertible Debt
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Proceeds From Convertible Debt
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Proceeds From Notes Payable
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Retained Earnings Accumulated Deficit
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EntityAddressPostalZipCode
|
89447 | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
3117000 | usd |
lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
6640000 | usd | |
lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
4753000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
316000 | usd | |
us-gaap |
Business Development
BusinessDevelopment
|
94000 | usd | |
us-gaap |
Business Development
BusinessDevelopment
|
21000 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
1681000 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
974000 | usd | |
us-gaap |
Salaries And Wages
SalariesAndWages
|
1331000 | usd | |
us-gaap |
Salaries And Wages
SalariesAndWages
|
998000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
789000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1133000 | usd | |
us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
98000 | usd | |
us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
74000 | usd | |
us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
130000 | usd | |
us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
47000 | usd | |
lcgmf |
Gain On Rio Tinto Deposits
GainOnRioTintoDeposits
|
8656000 | usd | |
lcgmf |
Gain On Rio Tinto Deposits
GainOnRioTintoDeposits
|
4834000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2665000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3667000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
692000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
487000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-12000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
171000 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
324000 | usd | |
us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
0 | usd | |
us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
-305000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-417000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1000 | usd | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
333000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-707000 | usd | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Interest Expense
InterestExpense
|
316000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2632000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2684000 | usd | |
lcgmf |
Shares Issued For Conversion Of Safe Notes
SharesIssuedForConversionOfSafeNotes
|
0 | usd | |
lcgmf |
Shares Issued For Conversion Of Safe Notes
SharesIssuedForConversionOfSafeNotes
|
1536000 | usd | |
CY2024Q3 | us-gaap |
Cash
Cash
|
5487000 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
2310000 | usd |
CY2024Q3 | lcgmf |
Working Capital
WorkingCapital
|
416000 | usd |
CY2023Q4 | lcgmf |
Working Capital
WorkingCapital
|
2854000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0381 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y9M29D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.38 | ||
lcgmf |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2022Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1874000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0365 | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
CY2024Q3 | us-gaap |
Cash
Cash
|
5487000 | usd |
CY2024Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7857000 | usd |
CY2023Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
1206000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
11258000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
665000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
163000 | usd |
CY2024Q3 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
3989000 | usd |
CY2023Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
1357000 | usd |
CY2024Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
327000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
3544000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
105396000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
369000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
117000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
189000 | usd | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
95000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
366463027 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
309579697 | shares | |
CY2023Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | usd |
lcgmf |
Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
|
39641642 | shares | |
lcgmf |
Class Of Warrant Or Right Expired
ClassOfWarrantOrRightExpired
|
32270021 | shares | |
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
411011264 | shares |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
50000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
14332000 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
42000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
0 | usd |
lcgmf |
Gain On Transfer Of Shares
GainOnTransferOfShares
|
0 | usd | |
lcgmf |
Gain On Transfer Of Shares
GainOnTransferOfShares
|
22000 | usd | |
lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
1690000 | usd | |
lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
0 | usd | |
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-5000 | usd | |
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-55000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1325000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-628000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-3990000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-4295000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3252000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3588000 | usd | |
lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
1690000 | usd | |
lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
0 | usd | |
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-5000 | usd | |
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-55000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
27000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
831000 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | usd | |
lcgmf |
Shares Issued For Convertible Debentures
SharesIssuedForConvertibleDebentures
|
2957000 | usd | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div> <p style="margin-left: 24pt; text-indent: -21.3pt; text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2.</b><span style="width: 11pt; text-indent: 0pt; display: inline-block;"> </span><b>BASIS OF PRESENTATION</b></span></span></p> <div> <div> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Statement of compliance </b></span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Interim Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("<b>U.S. GAAP</b>") including the accounts of the Company and its subsidiaries. All intercompany accounts and transactions were eliminated upon consolidation.</span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">These Interim Financial Statements have been prepared on a historical cost and accrual basis except for certain financial instruments measured at fair value and the cash flow, respectively. </span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company consolidates an entity when it has power over that entity, is exposed, or has rights, to variable returns from its involvement with that entity and can affect those returns through its control over that entity.</span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Interim Financial Statements should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2023. The interim period results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year.</span></span></p> <div> </div> <p style="margin-left: 21.3pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">These Interim Financial Statements include the financial statements of Lion CG</span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> and its subsidiaries:</span></span></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 50%; border-collapse: collapse; font-size: 10pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; vertical-align: top; background-color: #eeeeee; padding: 10pt; white-space: nowrap; border: 0.75pt solid #c0c0c0;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lion Copper and Gold Corp<br/>(Reporting BC & Alberta)</span></span></td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="4" style="text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Quaterra Alaska Inc.<br/>(Alaska, Nevada) - 100%</span></span></td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> </tr> <tr> <td colspan="2" style="width: 16%; text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Singates Peak Services LLC<br/>(Nevada) - 100%</span></span></td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="4" style="text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Falcon Copper Corp (formerly<br/>BCRC) (Wyoming) - 43.46%</span></span></td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="2" style="width: 16%; text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Blue Copper Royalties LLC<br/>(Wyoming) - 48.8%</span></span></td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; border-top: 0.75pt solid #4472c4; border-right: 0.75pt solid #4472c4; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> <td style="width: 8%; text-align: center; vertical-align: top; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="4" style="text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Falcon Copper Services LLC<br/>(Wyoming)<br/>100% by FCC</span></span></td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td style="width: 1%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> <td colspan="4" style="text-align: center; vertical-align: top; background-color: #a1b1dc; padding: 10pt; white-space: nowrap; border: 0.75pt solid #5f687f;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Blue Copper LLC<br/>(Montana) - 100% by FCC</span></span></td> <td style="width: 8%; text-align: center; vertical-align: top; padding: 10pt; white-space: nowrap;"> </td> </tr> </table> <p style="margin-left: 21pt; margin-bottom: 10pt; margin-top: 10pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On October 4, 2021, Blue Copper LLC was incorporated in Montana, USA and acquired Blue Copper Prospect in Powell County and Lewis & Clark County in Montana.</span></span></p> <p style="margin-left: 21.3pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On April 5, 2022, Quaterra Alaska sold its two options to acquire the Butte Valley property to Falcon Butte Minerals Corp. ("Falcon Butte"), formerly 1301666 B.C. Ltd., for $500 cash and 16,049,444 shares in Falcon Butte represented 25.54% of shares outstanding (Note 5).</span></span></p> <p style="margin-left: 21pt; text-align: justify; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On December 13, 2022, Quaterra Alaska transferred its 100% interest in Blue Copper LLC, a 90% interest in the Groundhog property in Alaska, a 5% net profit interest associated with the Nieves silver property in Mexico, and Butte Valley royalty to Falcon Copper Corp., ("FCC") formerly, Blue Copper Resources Corp. in exchange for 57,513,764 common shares of FCC, represented 79.3% of the FCC's then-issued and outstanding shares (Note 6).</span></span></p> <p style="margin-left: 21pt; text-align: justify; margin-bottom: 0pt; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On August 25, 2023, Blue Copper Royalties LLC was incorporated in Wyoming and on September 6, 2023, FCC transferred the Butte Valley royalty and interest in Nieves to Blue Copper Royalties.</span></span></p> </div> </div> </div> | ||
lcgmf |
Issuance Of Warrants Upon Conversion Of Existing Debentures
IssuanceOfWarrantsUponConversionOfExistingDebentures
|
60000 | usd | |
lcgmf |
Issuance Of Contingent Warrants Upon Conversion Of Existing Debentures
IssuanceOfContingentWarrantsUponConversionOfExistingDebentures
|
649000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-55000 | usd | |
lcgmf |
Modification Of Warrants Upon Restructuring Of Debentures
ModificationOfWarrantsUponRestructuringOfDebentures
|
109000 | usd | |
lcgmf |
Modification Of Conversion Feature Upon Restructuring Of Debentures
ModificationOfConversionFeatureUponRestructuringOfDebentures
|
129000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-55000 | usd | |
lcgmf |
Convertible Debt Issued
ConvertibleDebtIssued
|
211000 | usd | |
lcgmf |
Debt Instrument Convertible Beneficial Conversion Feature Fair Value
DebtInstrumentConvertibleBeneficialConversionFeatureFairValue
|
30000 | usd | |
lcgmf |
Convertible Debt Fair Value Of Warrants
ConvertibleDebtFairValueOfWarrants
|
30000 | usd | |
lcgmf |
Convertible Debt Modified Debt Fair Value Of Warrants
ConvertibleDebtModifiedDebtFairValueOfWarrants
|
93000 | usd | |
lcgmf |
Debt Instrument Convertible Extinguished
DebtInstrumentConvertibleExtinguished
|
150000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1976000 | usd | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
831000 | usd | |
lcgmf |
Convertible Debt Loss On Repayment
ConvertibleDebtLossOnRepayment
|
5000 | usd | |
CY2024Q1 | lcgmf |
Number Of Common Shares Issued In Settlement Of Debt
NumberOfCommonSharesIssuedInSettlementOfDebt
|
45815213 | shares |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.074 | |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.042 | |
CY2024Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
58021020 | shares |
CY2024Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
52021020 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
49239020 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
49239020 | shares |
lcgmf |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercised
|
0.1 | ||
lcgmf |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Expired
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExpired
|
0.07 | ||
us-gaap |
Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
|
Unlimited | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Entity File Number
EntityFileNumber
|
000-55139 | ||
CY2024Q3 | us-gaap |
Other Receivables
OtherReceivables
|
10000 | usd |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
10000 | usd |
CY2023Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7647000 | usd |
CY2024Q3 | us-gaap |
Restricted Investments
RestrictedInvestments
|
9000 | usd |
CY2023Q4 | us-gaap |
Restricted Investments
RestrictedInvestments
|
9000 | usd |
CY2024Q3 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
789000 | usd |
CY2024Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
8000 | usd |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
CY2024Q3 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8291000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6018000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14332000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11258000 | usd |
CY2024Q3 | lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
1591000 | usd |
CY2023Q3 | lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
1344000 | usd |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
129000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
35000 | usd |
CY2024Q3 | us-gaap |
Interest Expense
InterestExpense
|
48000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
117000 | usd |
CY2024Q3 | us-gaap |
Business Development
BusinessDevelopment
|
71000 | usd |
CY2023Q3 | us-gaap |
Business Development
BusinessDevelopment
|
15000 | usd |
CY2024Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
563000 | usd |
CY2023Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
333000 | usd |
CY2024Q3 | us-gaap |
Salaries And Wages
SalariesAndWages
|
452000 | usd |
CY2023Q3 | us-gaap |
Salaries And Wages
SalariesAndWages
|
324000 | usd |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
129000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1269000 | usd |
CY2024Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
38000 | usd |
CY2023Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
10000 | usd |
CY2024Q3 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
72000 | usd |
CY2023Q3 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
19000 | usd |
CY2024Q3 | lcgmf |
Gain On Rio Tinto Deposits
GainOnRioTintoDeposits
|
2336000 | usd |
CY2023Q3 | lcgmf |
Gain On Rio Tinto Deposits
GainOnRioTintoDeposits
|
1262000 | usd |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-757000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2230000 | usd |
CY2024Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
439000 | usd |
CY2023Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
6000 | usd |
CY2024Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-4000 | usd |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | usd |
CY2024Q3 | us-gaap |
Accretion Expense
AccretionExpense
|
31000 | usd |
CY2024Q3 | lcgmf |
Gain On Transfer Of Shares
GainOnTransferOfShares
|
0 | usd |
CY2023Q3 | lcgmf |
Gain On Transfer Of Shares
GainOnTransferOfShares
|
0 | usd |
CY2024Q3 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
0 | usd |
CY2023Q3 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
0 | usd |
CY2024Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-105000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3000 | usd |
CY2024Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
95000 | usd |
CY2024Q3 | lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
0 | usd |
CY2023Q3 | lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
0 | usd |
lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
0 | usd | |
lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
602000 | usd | |
CY2024Q3 | lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
0 | usd |
CY2023Q3 | lcgmf |
Loss On Conversion Debt
LossOnConversionDebt
|
0 | usd |
CY2024Q3 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
0 | usd |
CY2023Q3 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
0 | usd |
CY2024Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2023Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
CY2024Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
394000 | usd |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-88000 | usd |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-363000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-2318000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2060000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-329000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-258000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-738000 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
385855710 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
309602758 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6981000 | usd |
lcgmf |
Noncontrolling Interest Increase From Common Equity Issuance
NoncontrollingInterestIncreaseFromCommonEquityIssuance
|
3536000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-4295000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7359000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6018000 | usd |
lcgmf |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
654000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
27000 | usd | |
lcgmf |
Stock Issued During Period Value Conversion Of Convertible Debentures Induced
StockIssuedDuringPeriodValueConversionOfConvertibleDebenturesInduced
|
2723000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
181000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
789000 | usd | |
lcgmf |
Noncontrolling Interest Increase From Common Equity Issuance
NoncontrollingInterestIncreaseFromCommonEquityIssuance
|
1350000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-3990000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8291000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8404000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1269000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-2318000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7359000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8166000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8291000 | usd |
lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
0 | usd | |
lcgmf |
Impairment Of Mineral Properties
ImpairmentOfMineralProperties
|
602000 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
13000 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-13000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
|
0 | usd | |
us-gaap |
Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
|
-14000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1350000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2000000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1000000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
0 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
181000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1673000 | usd | |
lcgmf |
Shares Issued For Convertible Debentures
SharesIssuedForConvertibleDebentures
|
0 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <div> <div> <p style="margin-left: 21pt; text-indent: -21.3pt; text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.</b><span style="width: 13.56pt; text-indent: 0pt; display: inline-block;"> </span><b>NATURE OF OPERATIONS AND GOING CONCERN</b></span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lion Copper and Gold Corp. (together with its subsidiaries, "<b>Lion CG</b>" or the "<b>Company</b>") is a Canadian-based Company advancing its flagship copper assets at Yerington, Nevada through an option to earn-in agreement with Nuton LLC, a Rio Tinto venture. The Company was incorporated in British Columbia, Canada on May 11, 1993. Its registered and records offices are located at 1200 - 750 West Pender Street, Vancouver, British Columbia, Canada, V6C 2T8. On November 22, 2021, the Company changed its name from Quaterra Resources Inc. with a new trading symbol "LEO". On September 19, 2024, the Company voluntarily delisted its common shares from the TSX Venture Exchange ("<b>TSXV</b>") and were subsequently listed on the Canadian Securities Exchange ("<b>CSE</b>") under the same symbol "LEO" and continues to trade on the OTCQB Market under the symbol "LCGMF".</span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company acquires its mineral properties through option or lease agreements and capitalizes acquisition costs related to the properties but expense exploration and evaluation costs unless a proven or probable reserve can be established. The underlying value of the amounts recorded as mineral properties does not reflect current or future values. The Company's continued existence depends on discovering economically recoverable mineral reserves and obtaining the necessary funding to advance these properties.</span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">These Condensed Interim Consolidated Financial Statements ("<b>Interim Financial Statements</b>") are prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for at least twelve months from the reporting date. As of September 30, 2024, the Company had cash and cash equivalents of $5,487 (December 31, 2023 - $2,310), working capital deficit of $416 (December 31, 2023 - $2,854) and an accumulated deficit of $129,915 (December 31, 2023 - $126,663).</span></span></p> <p style="margin-left: 21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company has no source of revenue and has significant requirements to maintain its mineral property interests and meet its obligations as they come due. Although the Company has raised funds in the past through debt, equity and strategic investors, there is no assurance that such financing will be available. If adequate financing is not available or cannot be obtained on a timely basis, the Company may be required to delay, reduce the scope of, or eliminate one or more of its exploration programs, or relinquish its rights under the existing option and acquisition agreements. The above factors represent material uncertainties that cast substantial doubt on the Company's ability to continue as a going concern. </span></span></p> <p style="margin-left: 21pt; text-align: justify; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">If the going concern assumptions were not appropriate for these Interim Financial Statements, adjustments would be necessary to the carrying values of assets, liabilities, the reported expenses, and the consolidated balance sheet classifications used. Such adjustments could be material.</span></span></p> </div> </div> </div> | ||
CY2023 | us-gaap |
Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
|
596000 | usd |
CY2023 | lcgmf |
Impairment Expense
ImpairmentExpense
|
602000 | usd |
CY2023 | lcgmf |
Mineral Property Acquisition Costs Paid By Rio Tinto
MineralPropertyAcquisitionCostsPaidByRioTinto
|
231000 | usd |
CY2023 | lcgmf |
Additions Disposals To Mineral Property
AdditionsDisposalsToMineralProperty
|
-237000 | usd |
CY2023Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7647000 | usd |
us-gaap |
Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
|
341000 | usd | |
lcgmf |
Mineral Property Acquisition Costs Paid By Rio Tinto
MineralPropertyAcquisitionCostsPaidByRioTinto
|
131000 | usd | |
lcgmf |
Additions Disposals To Mineral Property
AdditionsDisposalsToMineralProperty
|
210000 | usd | |
CY2024Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7857000 | usd |
lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
6640000 | usd | |
lcgmf |
Mineral Exploration Expenditures
MineralExplorationExpenditures
|
4753000 | usd | |
CY2024Q1 | lcgmf |
Number Of Common Shares Issued In Settlement Of Debt
NumberOfCommonSharesIssuedInSettlementOfDebt
|
3500000 | shares |
CY2024Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
23809522 | shares |
CY2024Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.042 | |
CY2024Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
1000000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3063000 | shares |
CY2024Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
181000 | usd |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
CY2023 | us-gaap |
Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
|
Unlimited | |
dei |
Entity Registrant Name
EntityRegistrantName
|
LION COPPER AND GOLD CORP. | ||
CY2024Q3 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
0 | usd |
CY2023Q3 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
22000 | usd |
us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
0 | usd | |
us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
56000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | usd |
CY2023Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
12000 | usd | |
CY2023Q3 | us-gaap |
Accretion Expense
AccretionExpense
|
129000 | usd |
CY2023Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
32000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
385855710 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
309602758 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
366463027 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
309579697 | shares | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1133000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4000 | usd | |
lcgmf |
Stock Issued During Period Value Conversion Of Convertible Debentures Original
StockIssuedDuringPeriodValueConversionOfConvertibleDebenturesOriginal
|
234000 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
359000 | usd | |
CY2024Q3 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
359000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
129000 | usd |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-363000 | usd |
CY2022Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7884000 | usd |
lcgmf |
Issuance Of Warrants For Private Placement
IssuanceOfWarrantsForPrivatePlacement
|
346000 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
359000 | usd | |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-838000 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
100000 | shares |
CY2023Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4000 | usd |
CY2024Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7857000 | usd |
CY2023Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
7647000 | usd |