Welcome to our dedicated page for Leviathan Metals news (Ticker: LVXFF), a resource for investors and traders seeking the latest updates and insights on Leviathan Metals stock.
Leviathan Gold Ltd, now operating as Leviathan Metals Corp. and trading in the U.S. under LVXFF, generates news primarily around mineral exploration, corporate transactions and financing activities. As a Canadian-based mineral exploration company listed on the TSX Venture Exchange (LVX) and in Germany (0GP), its updates focus on copper, uranium, silver and base metal exploration in Botswana and Bosnia and Herzegovina.
News releases for Leviathan commonly cover developments at the Central Project and Serule Uranium Project in Botswana, where the company has reported acquiring 100% ownership of Kalahari copper and uranium exploration portfolios through an amalgamation with Cura Exploration Botswana Corp. Updates may describe geophysical surveys, drilling plans, license renewals, and geological interpretations on the Kalahari Copper Belt and adjacent uranium prospects.
Another major source of LVXFF news is the Foča Project in Republika Srpska, Bosnia and Herzegovina. Company announcements have detailed induced polarization and electrical resistivity surveys, trenching programs, high-grade rock chip and soil sampling results, and the renewal of exploration licenses. These releases often discuss targets such as the Vrela and Barice prospects and their potential as Mississippi Valley Type or SEDEX-style silver-base metal systems.
Investors following LVXFF can also expect news on corporate and capital markets events, including private placements, participation by strategic mining investors, escrow and resale restrictions tied to transactions, and the company’s name change to Leviathan Metals Corp. For those tracking junior mining equities, this news stream provides insight into Leviathan’s evolving property portfolio, exploration progress and corporate structure. Bookmarking the LVXFF news page on Stock Titan allows readers to review these exploration, transaction and financing updates in one place.
Michael Gentile has announced the acquisition of 5,250,000 units of Leviathan Gold (LVXFF) through a non-brokered private placement. Each unit consists of one common share and one-half of one Common Share purchase warrant. The warrants allow holders to acquire additional shares at $0.15 per share within 24 months of issuance.
Following the acquisition, Gentile now owns 5,250,000 Common Shares and 2,625,000 Warrants, representing approximately 8.549% of the company's outstanding shares on an undiluted basis and 12.29% on a partially diluted basis. Prior to this transaction, Gentile held no securities in the company.
The investment is described as long-term, with Gentile indicating potential future transactions depending on market conditions and other factors.
Leviathan Gold (LVXFF) has successfully closed a non-brokered private placement, raising $3.25 million through the sale of 32.5 million units at $0.10 per unit. Each unit includes one common share and half a warrant, with warrants exercisable at $0.15 until April 2027.
Notable strategic mining investor Michael Gentile has joined as a significant shareholder, acquiring 5.25 million shares and 2.625 million warrants, representing 8.54% ownership (non-diluted) and 12.29% (partially diluted). The proceeds will primarily fund exploration in Australia and Bosnia, particularly the Foča project, where historic drilling showed promising results of 15 metres at 13.25% Pb+Zn, with recent rock chip sampling yielding up to 347 g/t Ag, 10.1% Pb and 40% Zn.
Leviathan Gold (LVX – TSXV, 0GP – Germany) has announced the completion of its acquisition of Foca Metals Corp. (FMC) through a share exchange agreement dated November 22, 2024. The acquisition gives Leviathan a 100% indirect interest in the Foča Project, a mineral exploration land package located in Republika Srpska, Bosnia and Herzegovina.
The transaction was executed through the issuance of 9,000,000 common shares of Leviathan to FMC shareholders at a deemed price of $0.0525 per share. Following the acquisition, FMC has become a wholly owned subsidiary of Leviathan Gold.
Leviathan Gold (LVXFF) has announced progress in targeting and permitting activities at its Queen's Birthday project in Victoria, Australia. The company has identified several high-priority exploration targets, including:
1. Whites Patch: An area with historic large nugget discoveries, potentially indicating near-surface mineralized structures.
2. Potential extensions to historic high-grade stopes at the Queen's Birthday Mine, with possible southward continuation of mineralization over 400 meters of strike.
3. Potential repeats of mineralization at depth due to subhorizontal transfer structures.
The company has submitted a Work Plan for a drilling program at Whites Patch and is exploring diamond drilling options for other targets. The Queen's Birthday project covers 19 square kilometers and historically produced 118,000 ounces of gold at 19.1 g/t Au.
Leviathan Gold (LVXFF) has announced results from Phase 2 diamond drilling at its Excelsior Prospect in Victoria, Australia. Core Prospecting Pty has completed 640.85 meters of drilling over 5 holes, with highlights including:
- 0.41 meters at 6.3 g/t Au in hole EH030
- 1.62 meters at 5.3 g/t Au in hole EH031
- 0.27 meters at 14.5 g/t Au in hole EH031
The ongoing 4,000-meter drilling program, costing approximately CAD$950,000, aims to test the north-easterly continuation of high-grade mineralization identified in previous phases. The results validate Core's targeting model and suggest potential for north-eastward strike extensions to gold mineralization at the property.
Leviathan Gold, in partnership with Core Prospecting Pty , has received high-grade assay results from the initial phase of diamond drilling at the Excelsior Prospect. Highlights include 4.85 meters at 9.0 g/t Au in hole EH014, 3.13 meters at 56.9 g/t Au in hole EH017, and 12.68 meters at 9.2 g/t Au in hole EH029. A total of 1964.65 meters of drilling over 16 holes was completed. The drilling identifies a mineralized dilational zone that remains open along strike and depth, indicating further potential.
As part of the Heads of Agreement with Core Prospecting, Leviathan has been notified of the commencement of a second phase of drilling. Core Prospecting has earned a 40% interest in a New Tenement by completing the initial phase of drilling. This achievement offers Leviathan the opportunity to define a significant high-grade gold deposit.
Leviathan Gold Ltd. (TSXV: LVX) announced promising results from its drilling program at the historic Leviathan Mine, confirming mineralization continuity and potential for further ore shoots. Highlights included intervals of 7.10 meters at 3.05 g/t in hole 21LEV002, 4.20 meters at 4.75 g/t in hole 21LEV004, and notable results from holes 21LEV005 and 21LEV006. This initial phase involved 1891 meters across eight holes, all encountering mineralization. The company plans further drilling to explore additional targets once land access is secured.