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by Will Purcell

The critical and specialty minerals stocks box score was a cheerful 120-57-133 on Wednesday as the TSX Venture Exchange jumped 25 points to 923. John Banning's Lion Copper and Gold Corp. (LEO) took a hit Tuesday, losing five cents to 23.5 cents on 106,000 shares. The company has a maiden resource estimate for the Bear deposit on its Yerington project in Nevada, listing 1.06 billion tonnes indicated at 0.29 per cent copper and another 1.77 billion tonnes inferred at 0.22 per cent, good for a total of 15.48 billion pounds of copper. (One presumes the market disappointment centred on the grade, not tonnage.)

Mr. Banning, chief executive officer, deemed the estimate to be "a defining technical milestone for Lion," as it significantly enhances the scale and long-term potential of the Yerington copper project. Mr. Banning, CEO for the past year, joined the company in mid-2024. Early on in his tenure, the company's co-chairman, Dr. Tom Patton, "challenged management to 'tackle the Bear!'" That challenge, Mr. Banning says, "became one of our strategic priorities," as they immediately set about systematically re-evaluating their knowledge of the deposit with technical analysis to determine its true potential.

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