Northwire Canada EditionSaturday, September 19, 2026
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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
M&A / Property

Leviathan Metals Enters into Purchase Agreement to Acquire Key Strategic Kalahari Copper Belt Landholding, Botswana

Leviathan pivots to Botswana copper and Bosnian silver as it sheds non-core Australian gold assets

By The Northwire Desk — AI Analysis Mar 19, 2026 · 08:31 LVX · 0.57 Leviathan Metals Corp.
Executive Summary

The most recent news (March 19, 2026) announces the acquisition of a 270 sq km Prospecting License in the Kalahari Copper Belt (KCB), Botswana. This expands the "Central Project" to 590 sq km. The license adds 10km of the D'Kar-Ngwako Pan Formation contact, which is the primary geological target for copper mineralization in the region. Terms include US$500,000 in cash (staged) and 991,666 shares, plus a 1% NSR. This follows the March 12, 2026, announcement of the sale of the Timor Gold Project in Australia to Au Gold Corp for $75,000 cash and 5 million shares, effectively exiting non-core gold assets to focus on the KCB and the Foca silver-zinc project in Bosnia.

Material Impact
  • Strategic Alignment: The news is a logical continuation of the company’s pivot (signaled by the November 2025 name change from Leviathan Gold to Leviathan Metals). It consolidates their position in Botswana near MMG’s Khoemacau mine.
  • Asset Quality: Adding 10km of a proven mineralized contact is positive but remains early-stage exploration. The "Central Project" now has significant scale.
  • Financial Impact: The acquisition requires US$500,000 in cash. While the company had ~$2.96M CAD in Dec 2025, the ongoing burn rate and acquisition costs will necessitate a capital raise soon.
  • Portfolio Cleanup: Selling the Timor project removes the AUD$1/oz royalty obligation to Mercator and provides liquid equity in Au Gold Corp, though the cash received ($75k) is nominal.
LVX · Price
Company Overview

Leviathan Metals is a Canadian explorer focused on "Tier 1" jurisdictions. - Flagship Project (Copper): The Central Project in Botswana (KCB), located adjacent to the US$1.9B Khoemacau mine. It targets sediment-hosted copper-silver mineralization. - Secondary Flagship (Silver/Zinc): The Foca Project in Bosnia and Herzegovina, covering 150 sq km. It shows high-grade polymetallic potential (Vrela-Kremin trend) similar to Adriatic Metals' Vares project.

Read the original news release →

More from Leviathan Metals Corp.

Aug 12, 2026 · 08:30

Leviathan confirms stratigraphy and structure at Central, setting the stage for assays and step-out holes at its project.

Drill Results Jun 02, 2026 · 08:30

Leviathan Metals Commences 10,000m Drill Program at Botswana's Kalahari Copper Belt, Targeting Khoemacau-Style Copper

Drill Results May 20, 2026 · 09:02

Leviathan Metals Secures Runway for Botswana Copper Drilling Amidst Dilution Concerns

Financings May 05, 2026 · 16:22

Leviathan Metals Secures Runway for Botswana Copper Drilling Amidst Dilutive Financing

Financings Apr 23, 2026 · 08:31

Kalahari Copper Belt Expansion

Drill Results Mar 19, 2026 · 18:37

Leviathan Metals buys Kalahari copper belt licence

M&A / Property