Lion Copper Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 10, 2026, reporting condensed interim consolidated financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Quarterly net income: The company reported net income of $281 thousand for the three months ended September 30, 2026, compared to a net loss of $6,319 thousand in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $10,197 thousand, versus a net loss of $10,319 thousand in the prior-year period.
  • Cash position: Cash and cash equivalents stood at $21,161 thousand as of September 30, 2026, up from $2,364 thousand at December 31, 2025.
  • Total assets: Total assets were $41,155 thousand at September 30, 2026, compared to $29,468 thousand at December 31, 2025.
  • Nuton LLC earn-in liability: The Nuton LLC earn-in liability increased to $15,887 thousand at September 30, 2026, from $204 thousand at December 31, 2025.
  • Shares outstanding: As of November 4, 2026, the company had 15,990,627 common shares outstanding.
  • Name change: The company formerly operated as Lion Copper and Gold Corp. and is now registered as Lion Copper Corp.

Lion Copper Corp. Financial Results for the Quarter Ended September 30, 2026

According to the filing, Lion Copper Corp. (NASDAQ:LCU), a mineral exploration company incorporated in British Columbia, Canada and headquartered in Yerington, Nevada, reported net income attributable to shareholders of $281 thousand for the three months ended September 30, 2026. This compares to a net loss of $3,600 thousand attributable to shareholders in the same quarter of 2025. The company's operations center on mineral property exploration, with exploration and evaluation expenses of $2,587 thousand for the third quarter of 2026, up from $1,033 thousand in the third quarter of 2025.

The filing disclosed that for the nine months ended September 30, 2026, total exploration and evaluation expenses reached $7,665 thousand, compared to $3,183 thousand in the prior-year period. General and administrative expenses for the nine-month period were $2,499 thousand, down from $5,672 thousand in the same period of 2025. The company also recorded a dilution gain on investments of $2,542 thousand and a share of loss in associate of $9,069 thousand for the nine months ended September 30, 2026, according to the filing.

On the balance sheet, the filing reported total liabilities of $19,836 thousand at September 30, 2026, compared to $6,082 thousand at December 31, 2025. Convertible debentures totaled $2,900 thousand at the period end. Total shareholders' equity was $21,319 thousand as of September 30, 2026, down from $23,386 thousand at December 31, 2025. The accumulated deficit stood at $126,023 thousand at September 30, 2026, versus $115,826 thousand at December 31, 2025. Share capital reflected 15,977,447 common shares issued and outstanding at September 30, 2026, up from 15,304,996 at December 31, 2025.

What Was Disclosed

Lion Copper Corp. disclosed its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2026, covering its balance sheet, statements of operations, and related notes, including changes in cash, liabilities, equity, and mineral property activity.