LION COPPER & GOLD CORP. 8-K

What Happened Lion Copper & Gold Corp. announced on June 22, 2026 that it appointed Maria Milagros Paredes as Chief Financial Officer and Corporate Secretary, succeeding Lei Wang (who ceased those roles the same day and will remain an advisor). The company and Quaterra Alaska Inc. entered into an employment agreement with Ms. Paredes dated June 22, 2026.

Key Details

• Base pay and relocation: US$200,000 annual base salary and a one-time US$20,000 relocation payment.
• Equity awards: 1,000,000 options that vest on grant; plus 750,000 options that vest on a Nasdaq/NYSE listing of the common shares or a final investment decision by Nuton (whichever first); plus an additional 750,000 options that vest if the company reaches a US$200,000,000 market cap for 30 consecutive trading days or closes a liquidity event valued at ≥US$200,000,000.
• Option terms and post-termination treatment: options expire upon the earlier of (i) five years from grant or (ii) termination of the CFO role; if not terminated for cause, vested performance options generally expire three years after termination; if terminated for cause, all vested and unvested performance options expire on the termination date; if the executive resigns, vested performance options expire 90 days after resignation.
• Change-in-control severance: if Ms. Paredes is not retained for at least 12 months after a change in control, she would receive severance equal to 12 months’ base salary. Also: Ms. Paredes has 30+ years’ mining and finance experience and served as CFO/Corporate Secretary of Mako Mining Corp. in the prior five years.

Why It Matters A new CFO with significant mining and finance experience can affect financial leadership, reporting and investor communications. The compensation package combines cash and substantial equity with performance-based vesting tied to a public listing, project/deal milestones, or a sizable liquidity event — events that, if achieved, could dilute existing shareholders but also align management incentives with value-creation milestones. The filing notes the predecessor’s departure was not due to any disagreement on company matters, which reduces immediate governance or disclosure risk for investors.