11:16 AM EDT, 06/19/2025 (MT Newswires) -- Leviathan Gold ( LVXFF ) on Thursday said it entered into a non-binding letter of intent with Cura Exploration Botswana (Privco), to acquire all of the issued and outstanding securities of Privco.

A statement noted that Privco is party to share purchase agreements with Afri Energy Pty, AfriMetals No. 1 Pty and AfrIMetals No.2 Pty (AfriMetals Entities) and the shareholders of the AfriMetals Entities (sellers) for the purchase of all the shares of the AfriMetals Entities who hold copper and uranium prospecting licenses in Botswana.

"The proposed acquisition by Leviathan of Privco would result in Leviathan adding to its portfolio of mineral assets the highly strategic and yet under-explored Central Project directly adjoining MMG's world class Khoemacau "Cluster" of copper deposits on the Kalahari Copper Belt - with which Central appears to share important geophysical, structural and stratigraphic indicators - places Leviathan in pole position to make a major copper discovery in mining-friendly Botswana," said Chief Executive Luke Norman.

Leviathan shares have been halted since Monday and last traded Friday at $0.35 on the TSX Venture Exchange.