2024 Q4 Form 10-Q Financial Statement

#000106299324019173 Filed on November 14, 2024

View on sec.gov

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

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dei Entity Emerging Growth Company
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CY2023Q4 us-gaap Assets
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap Interest Expense
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us-gaap Interest And Other Income
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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lcgmf Class Of Warrant Or Right Exercised
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dei Document Fiscal Period Focus
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CY2024Q3 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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lcgmf Gain On Transfer Of Shares
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us-gaap Gain Loss On Repurchase Of Debt Instrument
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<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 &amp; 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 &amp; 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>
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lcgmf Convertible Debt Fair Value Of Warrants
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CY2024Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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dei Document Type
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10-Q
dei Document Period End Date
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2024-09-30
dei Document Fiscal Year Focus
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2024
dei Entity File Number
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CY2023Q4 us-gaap Mineral Properties Net
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CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2024Q3 us-gaap Liabilities Noncurrent
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CY2023Q4 us-gaap Liabilities Noncurrent
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6018000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
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CY2024Q3 lcgmf Mineral Exploration Expenditures
MineralExplorationExpenditures
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CY2023Q3 lcgmf Mineral Exploration Expenditures
MineralExplorationExpenditures
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CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2024Q3 us-gaap Interest Expense
InterestExpense
48000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
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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
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CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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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
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CY2023Q3 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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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
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CY2023Q3 lcgmf Impairment Of Mineral Properties
ImpairmentOfMineralProperties
0 usd
lcgmf Impairment Of Mineral Properties
ImpairmentOfMineralProperties
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lcgmf Impairment Of Mineral Properties
ImpairmentOfMineralProperties
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CY2024Q3 lcgmf Loss On Conversion Debt
LossOnConversionDebt
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CY2023Q3 lcgmf Loss On Conversion Debt
LossOnConversionDebt
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CY2024Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
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CY2023Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
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CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
394000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024Q3 us-gaap Profit Loss
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-363000 usd
CY2023Q3 us-gaap Profit Loss
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q3 us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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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
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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

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