Lion One Metals Business Summary

Lion One Metals Ltd. (LOMWF) is a Canadian-based gold producer primarily focused on the operation and expansion of its 100%-owned Tuvatu Alkaline Gold Project in Fiji. The company generates revenue through the extraction and sale of gold and silver, transitioning from a pure explorer to an active producer with the commissioning of its Tuvatu pilot plant in late 2023. Its business segments are geographically divided between its flagship Fijian operations, which include an underground mine, a processing facility, and an on-site assay laboratory, and its secondary exploration assets in Australia. As of early 2026, Lion One is executing a strategic expansion to increase processing capacity from 300 tonnes per day (tpd) to a target of 600–700 tpd. In the competitive landscape, Lion One contends with regional peers like Vatukoula Gold Mines and global high-grade developers such as Torex Gold Resources and Osisko Mining. The company distinguishes itself as a premier high-grade, alkaline-gold specialist in the South Pacific, leveraging its control over the entire Navilawa Caldera to position Tuvatu as a potential multi-decade, generational asset. The leadership team is anchored by Founder, Chairman, and President Walter H. Berukoff, a veteran mining entrepreneur who previously founded Miramar Mining, Northern Orion Resources, and La Mancha Resources, raising over $1 billion for global ventures. Following the departure of CEO Ian Berzins in late 2025, the company entered a strategic partnership with Arete Capital Advisors, led by CEO Campbell Olsen, who now heads the management team responsible for mine optimization and production scaling. Financial oversight is managed by CFO Tony Young, a Chartered Professional Accountant with over 25 years of experience in mining finance across Fiji and the Americas. The board was recently strengthened by the January 2026 appointment of David Anderson, an investment banking veteran with 30 years of capital markets expertise. Notable institutional support includes a 9.9% cornerstone investment from Arete Capital and strategic funding from Nebari Partners LLC, reflecting significant industry confidence in the Tuvatu project’s high-grade resource potential.