Lion One Metals Limited
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Ian Berzins
- Full Time Employees
- 405
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 306-267 West Esplanade North Vancouver BC Canada V7M 1A5
- IPO Date
- Dec 17, 2010
- CIK
- 0001509397
- Website
- liononemetals.com
- Similar Companies
- Business
- Lion One Metals Limited is a Canadian gold producer focused on mineral exploration, development, and production in Fiji. Lion One Metals owns and operates the Tuvatu Gold Mine on Viti Levu island, comprising the high-grade Tuvatu Alkaline Gold deposit; an underground gold mine; a processing plant targeting steady-state production of 300 tonnes per day initially and scaling to 500 tonnes per day; an on-site assay laboratory; and an extensive land package with multiple high-grade gold and copper exploration targets in a Tier 1 gold district. The company maintains a fleet of eight diamond drill rigs for year-round operations, including through the rainy season, and pursues district-scale exploration such as the deep feeder Zone 500 discovery. Founded in 2002 and headquartered at 306-267 West Esplanade, North Vancouver, British Columbia, Lion One Metals lists its shares on the TSX Venture Exchange under LIO, OTCQX under LOMLF, and ASX under LLO. Recent developments include the closing of an upsized LIFE offering in September 2025 raising C$18.7 million gross proceeds, followed by a sidecar private placement in October 2025 raising an additional C$8.3 million for aggregate proceeds of C$33.6 million to accelerate underground mobile equipment purchases, complete the flotation plant in Q1 2026, repay the Nebari loan facility, and provide working capital; a forbearance agreement with Nebari extending to December 31, 2025 waiving certain covenants; record Q2 2025 operational results with C$16.3 million revenue, 96% mill utilization, and 33,726 tonnes throughput; and the retirement of COO Patrick Hickey with CEO Ian Berzins assuming those duties.
Company News
CEO.CA's Inside the Boardroom: Lion One Metals: Increasing Mill Capacity for Faster Cash Flow
Lion One Drills 4.2 m of 715.15 g/t Gold Near Underground Development at Tuvatu Gold Mine in Fiji
Lion One Acquires New LM90 Drill to Target Zone 500 and West Zone from Underground
Lion One Announces Forbearance Agreement with Senior Lender Including Extension of Repayment Date
Lion One Announces Start of Phase 1 Plant Expansion from 300 TPD to 400 TPD with Filter Press Upgrade
Lion One Appoints Ronan Geoghegan as Vice President Corporate Development and Investor Relations
Lion One Announces Closing of Second Tranche of Non-Brokered Private Placement of Convertible Debenture Units and Units for Aggregate Gross Proceeds of $17.5 Million
Lion One Reports 3,291 oz in Quarterly Gold Recovery
Lion One Announces Upsize of Units Private Placement Offering for Gross Proceeds of up to $3.5 Million
Lion One Announces Closing of First Tranche of Non-Brokered Private Placement of Convertible Debenture Units and Units for Gross Proceeds of $15.3 Million
Lion One Appoints Ian Berzins as President, CEO and Director
Lion One Announces Non-Brokered Private Placement of Convertible Debenture Units for Gross Proceeds of up to $14 Million and Non-Brokered Private Placement of Units for Gross Proceeds of up to $3 Million
Lion One Appoints Tayfun Eldem to Board of Directors, Todd Romaine as Chairman of the Board
Lion One Metals Announces Retirement of Founder, President, and Chairman Walter Berukoff, Transitions to Chairman Emeritus
Lion One Appoints Eric Setchell Director of Operations, Provides Operations Update for Tuvatu
Lion One Provides Corporate Update
Lion One Provides Strategic Operational Update for March 2026
Lion One Announces Formation of Special Committee and Responds to Request for Shareholder Meeting
Lion One Provides Clarification on Mining Methods at the Tuvatu Gold Mine
Lion One Completes Commissioning of New Float Plant at Tuvatu