Captivision Announces Plan to Acquire Montana Goldfields Subsidiary Valued at $750 million creating Nasdaq Listed U.S. Mining Company

Core Viewpoint - Captivision Inc. is executing a letter of intent for the acquisition of Montana Tunnels Mining, Inc., which will transform the company into a diversified gold mining entity named Montana Gold Inc. [1][2] Group 1: Acquisition Details - The acquisition will involve Captivision acquiring Montana Tunnels Mining and its associated assets, with a pre-transaction valuation of $750 million for Montana Tunnels and $50 million for Captivision [7] - The transaction is expected to close by the first quarter of 2026, subject to the negotiation of definitive documents and regulatory review [7] Group 2: Company Transformation - Following the acquisition, Captivision will be renamed Montana Gold Inc. and will trade on Nasdaq under the ticker symbol "MGI" [2] - The company will continue to explore strategic alternatives for its legacy architectural media glass and LED businesses [2] Group 3: Operational and Strategic Advantages - The combined company will have significant proven reserves in precious metals and potential rare earth elements, supported by established infrastructure and seasoned management [3][5] - The acquisition will provide access to capital and position the company to meet the growing demand for responsibly sourced mining assets [3] Group 4: Asset Overview - Montana Goldfields owns three mines in Montana with mineable resources of gold, silver, zinc, and copper, and has a 22-year production history [5] - The acquisition includes a right of first refusal for additional mining assets that could enhance growth, including the permitted Diamond Hill mine and other deposits [5] Group 5: Leadership Structure - Gary Garrabrant will continue as CEO of the combined company, with an appointee from Montana Goldfields serving as Co-Chairman [6]