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by Mike Caswell

Lion One Metals Ltd.'s former chief executive officer, Ian Berzins, has filed a wrongful dismissal lawsuit against the company in the Court of King's Bench of Alberta. He claims that he was dismissed amidst an "increasingly acrimonious relationship" between Lion One's chairman, Wally Berukoff, and Lion One's primary lender. Mr. Berzins is seeking appropriate damages, including two years of salary (at $350,000 per year) and the unpaid value of his stock options, estimated to be at least $1-million.

The allegations are contained in a statement of claim that Mr. Berzins filed on Jan. 29, 2026, at the Judicial Centre of Calgary. Mr. Berzins, a 69-year-old mining executive, says that Lion One fired him on Dec. 29, 2025, and that it did so for no good reason. At the time, the company issued a news release simply announcing the "departure" of Mr. Berzins, but according to the suit the departure was not voluntary or amicable.

The problems, as set out in the suit, go back to January, 2025, when Mr. Berukoff recruited Mr. Berzins to work at Lion One. His role mostly involved overseeing Lion One's Tuvatu gold mine in Fiji. According to the suit, Mr. Berzins faithfully and diligently performed his duties, with the Tuvatu mine achieving record production during his tenure.

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