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Leviathan Gold ( (TSE:LVX) ) has shared an announcement.
Leviathan Metals has entered into a purchase agreement to acquire a 270-square-kilometer prospecting license in Botswana’s Kalahari Copper Belt, adjacent to its 100%-owned Central Project. The deal, which includes staged cash payments, share issuance, and a 1% net smelter royalty, will be completed through its local subsidiary subject to regulatory approvals in Botswana and on the TSX Venture Exchange.
The acquisition expands the Central Project to 590 square kilometers and adds more than 10 kilometers of the key D’Kar–Ngwako Pan Formation contact, a critical structure associated with major copper deposits in the belt. By consolidating ground directly adjoining MMG’s large Khoemacau deposits in a politically stable, mining-friendly jurisdiction, Leviathan further strengthens its strategic position in an underexplored but highly prospective copper district and enhances its potential for a significant copper discovery.
The most recent analyst rating on (TSE:LVX) stock is a Sell with a C$0.54 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.
Spark’s Take on LVX Stock
According to Spark, TipRanks’ AI Analyst, LVX is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and increasing cash burn), partially offset by a low-risk capital structure with no debt. Technicals are mixed but lean weak in the near term, and valuation support is limited because the company is loss-making and pays no dividend.
To see Spark’s full report on LVX stock, click here.
More about Leviathan Gold
Leviathan Metals Corp., formerly Leviathan Gold Ltd., is a Canadian-based mineral exploration company focused on copper and other minerals. The company is building a land position in Botswana’s Kalahari Copper Belt, a globally prospective region for sediment-hosted copper, and targets large-scale, Tier 1-style discoveries near existing major deposits.
Average Trading Volume: 95,826
Technical Sentiment Signal: Buy
Current Market Cap: C$56.36M
For detailed information about LVX stock, go to TipRanks’ Stock Analysis page.