This report is based on public company disclosures, filings and announcements reviewed by GSN; figures are as stated by the company and have not been independently verified.
Lion Copper and Gold Corp. (OTCQB: LCGMF) announced on September 4, 2026, that it will consolidate its common shares on a 27-for-1 basis and change its corporate name to Lion Copper Corp. The share consolidation is intended to support the company’s application to list its securities on the Nasdaq Capital Market. The effective date for the name change and consolidation is set for market open on September 14, 2026, subject to approval from the Canadian Securities Exchange.
According to the press release issued by the company, the share consolidation will reduce the number of issued and outstanding common shares from 431,332,099 to approximately 15,975,263. The company stated that fractional shares resulting from the consolidation will be rounded up to the nearest whole number for fractions of 0.5 or greater, and rounded down for fractions of less than 0.5. No cash consideration will be paid for fractional shares. The company also noted that the exercise or conversion price and the number of common shares issuable under any outstanding convertible securities will be proportionately adjusted to reflect the consolidation.
The name change to Lion Copper Corp. reflects the company’s strategic focus on its copper assets, specifically its flagship copper project located in Yerington, Nevada. The company said the share consolidation is being undertaken in connection with its application to list on the Nasdaq Capital Market. The consolidation is intended to increase the quoted price per share to satisfy Nasdaq’s initial listing requirements, which include a minimum bid price of $4 per share. However, the company cautioned that there can be no assurance the listing application will be approved or that the company will satisfy the required listing conditions in a timely manner, or at all.
The share consolidation was approved by shareholders at the company’s annual shareholder meeting held on August 12, 2026. In connection with the consolidation and name change, the company will receive a new CUSIP number of 53621C101 and a new ISIN number of CA53621C1014 for the post-consolidation shares. The company’s common shares will trade on the Canadian Securities Exchange under the new name and the new stock symbol LCU on a post-consolidated basis.
Registered shareholders holding common shares represented by physical certificates will receive a letter of transmittal from the transfer agent, Computershare Trust Company of Canada, with instructions on how to exchange existing certificates for certificates representing post-consolidation common shares. No action is required by registered shareholders who hold their shares in book-entry form or by non-registered shareholders who hold their shares through an intermediary.
For investors, this development signals a significant structural change to the equity profile of Lion Copper and Gold Corp. The reduction in share count and the potential move to a U.S. exchange could increase liquidity and visibility for the stock, provided the Nasdaq listing is approved. The company’s primary asset remains its copper project in Nevada, which drives the rationale for the rebranding and corporate restructuring.
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