Lion Copper & Gold Corp. Engages ICP Securities for Automated Market Making Services
Lion Copper & Gold Corp., listed on the Canadian Securities Exchange under the ticker LCGMF, has signed an agreement with ICP Securities to provide automated market making services for its shares. Under this arrangement, ICP will use its proprietary algorithm, ICP Premium™, to continuously quote prices and buy or sell Lion's shares, helping to address temporary supply-and-demand imbalances.
The monthly fee payable by Lion Copper & Gold Corp. to ICP Securities under the agreement is C$7,500 plus applicable taxes. The agreement has a four-month initial term starting September 17, 2026, and will automatically renew for successive one-month terms unless either party gives at least 30 days' written notice before the end of the initial or any renewal term.
This move aims to improve liquidity in Lion's shares, making it easier for investors to buy and sell. Automated market making is an electronic system that uses pre-set rules to constantly quote prices and buy or sell a security, thus facilitating trades without human intervention.