Lion Copper & Gold Corp. Files Q2 2024 10-Q
Ticker: LCGMF · Form: 10-Q · Filed: Aug 16, 2024 · CIK: 1339688
Sentiment: neutral
Topics: 10-Q, mining, financials
TL;DR
LCGMF Q2 10-Q is in. Financials and ops details inside.
AI Summary
Lion Copper & Gold Corp. filed its Form 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and operational updates. Specific financial figures and operational highlights for the quarter and year-to-date are presented within the report.
Why It Matters
This filing provides investors and stakeholders with the latest financial health and operational status of Lion Copper & Gold Corp., crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a mining company, Lion Copper & Gold Corp. is subject to inherent risks related to commodity prices, exploration success, and regulatory environments.
Key Numbers
- Q2 2024 — Reporting Period (Financial results for the second quarter ending June 30, 2024.)
- 2024-06-30 — End of Fiscal Period (Indicates the end date for the financial reporting period.)
- 2023-12-31 — Previous Fiscal Year End (Provides a comparison point to the prior fiscal year-end.)
Key Players & Entities
- LION COPPER & GOLD CORP. (company) — Filer
- 0001339688 (company) — Central Index Key
- 20240630 (date) — Period of Report
- 20240816 (date) — Filing Date
- QUATERRA RESOURCES INC (company) — Former Company Name
- 20050923 (date) — Date of Name Change
FAQ
What is the company's financial performance for the quarter ending June 30, 2024?
The 10-Q filing for Lion Copper & Gold Corp. for the period ending June 30, 2024, details the company's financial performance, though specific dollar amounts for revenue, expenses, and net income are not provided in this header information.
What subsidiaries are listed for Lion Copper & Gold Corp. as of June 30, 2024?
As of June 30, 2024, the listed subsidiaries include Quaterra Alaska Inc., Singatse Peak Services, Blue Copper Resources Corp., Blue Copper Royalties LLC, Falcon Services LLC, and Blue Copper LLC.
When was Lion Copper & Gold Corp. formerly known as?
Lion Copper & Gold Corp. was formerly known as QUATERRA RESOURCES INC, with a name change date of September 23, 2005.
What is the filing date of this 10-Q report?
This 10-Q report was filed on August 16, 2024.
What is the Standard Industrial Classification (SIC) code for Lion Copper & Gold Corp.?
The Standard Industrial Classification code for Lion Copper & Gold Corp. is 1000, categorized under METAL MINING.
Filing Stats: 4,839 words · 19 min read · ~16 pages · Grade level 14.2 · Accepted 2024-08-16 15:03:43
Filing Documents
- form10q.htm (10-Q) — 1893KB
- exhibit3-2.htm (EX-3.2) — 1KB
- exhibit31-1.htm (EX-31.1) — 11KB
- exhibit31-2.htm (EX-31.2) — 14KB
- exhibit32-1.htm (EX-32.1) — 3KB
- exhibit32-2.htm (EX-32.2) — 3KB
- exhibit3-2xu003.jpg (GRAPHIC) — 119KB
- exhibit3-2xu004.jpg (GRAPHIC) — 117KB
- form10qxz001.jpg (GRAPHIC) — 4KB
- form10qxz002.jpg (GRAPHIC) — 4KB
- 0001062993-24-015240.txt ( ) — 10514KB
- lcgmf-20240630.xsd (EX-101.SCH) — 103KB
- lcgmf-20240630_cal.xml (EX-101.CAL) — 39KB
- lcgmf-20240630_def.xml (EX-101.DEF) — 291KB
- lcgmf-20240630_lab.xml (EX-101.LAB) — 1062KB
- lcgmf-20240630_pre.xml (EX-101.PRE) — 452KB
- form10q_htm.xml (XML) — 2034KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Lion Copper and Gold Corp. Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2024 and 2023 (Expressed in thousands of U.S. Dollars) (Unaudited) Lion Copper and Gold Corp. Condensed Interim Consolidated Balance Sheets As at June 30, 2024, and December 31, 2023 (Unaudited - In thousands of U.S. Dollars) Note June 30, 2024 December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 8,318 $ 2,310 Other receivables 72 14 Prepaid and deposit 97 62 8,487 2,386 Other receivables - Long term 10 10 Mineral properties 4,12 7,802 7,647 Reclamation bonds 9 9 Investment in associate 5 894 1,206 Right of use asset 59 - Total assets $ 17,261 $ 11,258 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 721 $ 163 Rio Tinto deposit 4 6,258 1,357 Derivative liabilities 7 1,125 176 Convertible debentures 7,8,11 932 3,544 Lease liabilities - current 40 - 9,076 5,240 Lease liabilities - long term 19 - Total liabilities 9,095 5,240 Stockholders' equity Share capital, no par value, unlimited common shares authorized; 385,855,710 issued and outstanding (2023 - 309,667,975 ) 9 109,334 105,396 Additional paid-in capital 10 24,655 24,168 Deficit ( 129,881 ) ( 126,663 ) Non-controlling interest 6 4,058 3,117 Total stockholders' equity 8,166 6,018 Total liabilities and stockholders' equity $ 17,261 $ 11,258 NATURE OF OPERATIONS AND GOING CONCERN (Note 1) COMMITMENTS (Note 13) CONTINGENCIES (Note 14) SUBSEQUENT EVENTS (Note 16) Approved on behalf of the Board of Directors on August 14, 2024: /s/ "Thomas Patton" /s/ "Tony Alford" Director Director The accompanying notes form an integral part of these condensed interim consolidated financial statements. Lion Copper and Gold Corp. Condensed