Captivision Announces Positive Results from Independent Mining Assessment Ahead of Planned Acquisition

Core Insights - Captivision Inc. announced positive results from an independent assessment by Hard Rock Consulting, reaffirming the gold and precious metals resources of Montana Tunnels Mining Inc. and its Montana Tunnels Mine [1][2] - The assessment identified significant opportunities to expand mining output through exploration and technology, potentially extending the mining life of Montana Tunnels Mining Inc. beyond the current estimate of 10 years [2][3] - Captivision plans to acquire Montana Tunnels Mining Inc., with the transaction expected to close in the first quarter of 2026, and intends to reposition as a diversified gold mining and related services business, renaming itself Montana Gold Inc. [3] Company Developments - The HRC report confirms substantial reserves of gold, silver, and other precious metals, indicating significant growth potential for the mining life of the asset [3][6] - Captivision has executed a letter of intent to acquire Montana Tunnels Mining Inc., with ongoing negotiations for an extension of the LOI's mutual exclusivity [3] - The company plans to disclose mineral resources and reserves through a Regulation SK-1300 filing following the acquisition [2] Market Position - The findings from the HRC report position Montana Gold Inc. as an early-stage diversified mining growth company with a clear operational plan [3] - The planned restart of mining operations is anticipated within the year, reflecting the company's strategic direction towards mining [3]