LION COPPER & GOLD CORP.

Single-asset, pre-revenue copper explorer with an explicit going-concern qualification and a strained balance sheet.

Strengths

• Nuton/Rio Tinto collaboration ($30.5M paid in) advancing the Yerington project to feasibility
• Deconsolidation of Falcon Copper produced a one-time non-cash gain that lifted reported equity

Risks

• Going-concern doubt; current ratio 0.48 (<0.5) with convertible debentures due and only ~$2.4M cash
• No production revenue, single-project concentration, and the positive ROA is purely a one-off deconsolidation gain

Notable findings

• Going concernSingle-asset, pre-revenue copper explorer with an explicit going-concern qualification and a strained balance sheet
• No interest coverageInterest coverage -238.00 (cannot cover interest)
• Exec changeRecent 8-K item 5.02 8-K ↗
• Weak liquidityCurrent ratio 0.48 (<1)
• Chronic dilutionShare count +16%/yr over 3y (dilution)