LVX Promotions Review: BCSC Flags Unauthorized and Misleading Claims

Leviathan Metals Corp. (TSXV: LVX, OTCQB: LVXFF) is cleaning up its promotional footprint after a review by the British Columbia Securities Commission (BCSC) identified problematic content from multiple sources. The company issued a clarifying news release on June 1, 2026, stating it was not involved with two sets of promotional articles and that certain paid promotions contained exaggerated or misleading statements about its mineral projects.

For traders and investors, the core question is whether this is a contained compliance event or a signal of deeper disclosure risk at an early-stage explorer. The answer depends on how the BCSC follows up and how the company executes its promised cleanup.

The Two Promotional Channels the BCSC Identified

The BCSC review separated the marketing into two distinct buckets: unauthorized promotions from unknown third parties and paid promotions from a consultant Leviathan had hired.

Unauthorized Promotions from Unknown Sources

The BCSC found promotional articles at guardianglobe.org and morningherald.net, plus a May 12, 2026 publication by Investment Publishing LLC on the Stock Hunter YouTube channel. Leviathan stated it was not aware of, involved in, or responsible for these materials. The company said those promotions should not be relied upon.

The contract with Investment Publishing LLC terminated on April 10, 2026. All options granted to Mariusz Skonieczy, the principal of Investment Publishing – 250,000 options granted on April 10, 2025 and 150,000 options granted on February 23, 2026 – terminated unexercised under the company's incentive plan.

Risk to watch: Unauthorized promotions create a gap where false or misleading information circulates without the issuer being able to control or correct it. If these sites continue publishing, the stock may trade on stale fiction rather than real exploration progress.

Paid Promotions from Consultant Carioca Holdings

The second category involved Carioca Holdings LLC (CHL) and its affiliate Sideways Frequency LLC. Leviathan had retained CHL through a consulting agreement effective January 12, 2026, to provide Wesley De Souza as Marketing Officer. The BCSC identified promotions published on hugealerts.com/lvxff on April 14, 2026, and emailed to specific recipients on April 14, 15, 23, 24, and May 20, 2026.

Leviathan acknowledged that certain statements in these promotions