Business
Lion Copper and Gold Announces Option to Earn-In Agreement with Rio Tinto Including Evaluation of Nuton(TM) Technology
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Lion Copper and Gold Corp.&#...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Lion Copper and Gold Announces Option to Earn-In Agreement with Rio Tinto Including Evaluation of Nuton(TM) TechnologyVancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) (\"Lion CG\", or the \"Company\") is pleased to announce it has entered into an Option to Earn-in Agreement with Rio Tinto America Inc. (\"Rio Tinto\") to advance studies and exploration at Lion CG's copper assets in Mason Valley, Nevada.Under the agreement, Rio Tinto has the option to earn a 65% interest in the assets, comprising 34,494 acres of land, including the historic Yerington mine, greenfield MacArthur Project, Wassuk property, the Bear deposit, and associated water rights (the \"Mining Assets\"). In addition, Rio Tinto will evaluate the potential commercial deployment of its NutonTM technologies at the site. NutonTM offers copper heap leaching technologies developed by Rio Tinto to deliver greater copper recovery from mined ore and access new sources of copper such as low-grade sulphide resources and reprocessing of stockpiles and mineralised waste. The technologies have the potential to deliver leading environmental performance through more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing waste.Lion CG CEO, Travis Naugle said, \"We are pleased to have entered into this agreement with a leading global mining and metals company in Rio Tinto. The agreement offers the potential to both increase the scope and scale of our development and accelerate the path to first production. As stewards of significant copper resources and water rights in the State of Nevada, we recognize our role in a sustainable and circular economy. Should Rio Tinto exercise its earn-in option, we are confident that it will bring its own level of quality to progress the development of the Mining Assets towards becoming a strategic domestic copper producer with the highest ESG standards and performance. We look forward to continuing to advance the MacArthur Project and our other Mason Valley assets through constructive relationships with Rio Tinto, the local community, Native American Tribes, the State of Nevada and other valued stakeholders.\"Rio Tinto Copper Chief Executive, Bold Baatar said, \"This Agreement will allow us to explore the potential commercial dep...