Leviathan Gold Ltd. Announces Acquisition of Foca Metals Corp.

Introduction

Leviathan Gold Ltd. has recently made a significant move in the mining industry by entering into a share exchange agreement with LS Lithium Corp. to acquire 100% of the issued and outstanding common shares of Foca Metals Corp. This acquisition will provide Leviathan with a 100% indirect interest in the highly prospective Foča Project located in Republika Srpska, Bosnia and Herzegovina.

Details of the Acquisition

The share exchange agreement, dated November 22, 2024, outlines the terms of the acquisition. Leviathan will acquire Foca Metals Corp. in exchange for 9,000,000 common shares of the Company at a deemed price of $0.0525 per share. This strategic move will allow Leviathan to expand its portfolio and gain access to the mineral-rich land package of the Foča Project.

Impact on Leviathan Gold Ltd.

This acquisition marks a significant milestone for Leviathan Gold Ltd. as it enhances the company’s geographical diversification and strengthens its position in the mining sector. By acquiring Foca Metals Corp., Leviathan is poised to capitalize on the potential of the Foča Project and drive long-term growth for its shareholders.

Effect on Individuals

For individual investors, the acquisition of Foca Metals Corp. by Leviathan Gold Ltd. presents an opportunity to potentially benefit from the development of the highly prospective Foča Project. As Leviathan expands its operations in Bosnia and Herzegovina, investors may see increased value in their shares and participation in the growth of the company.

Global Implications

The acquisition of Foca Metals Corp. by Leviathan Gold Ltd. also has broader implications for the global mining industry. This strategic move highlights the growing interest in mineral exploration and development in countries like Republika Srpska, Bosnia and Herzegovina. As Leviathan leverages its expertise and resources to unlock the potential of the Foča Project, it paves the way for new opportunities and advancements in the mining sector worldwide.

Conclusion

In conclusion, Leviathan Gold Ltd.’s acquisition of Foca Metals Corp. signals a new chapter in the company’s growth strategy and positions it for success in the competitive mining industry. With a 100% indirect interest in the highly prospective Foča Project, Leviathan is poised to drive value for its shareholders and make a significant impact on the global mining landscape.