Captivision shares surge 10.85% intraday after announcing $750M acquisition of Montana Tunnels Mining.

Captivision surged 10.85% intraday following the announcement of a transformative $750 million acquisition of Montana Tunnels Mining and its operations from Montana Goldfields. The deal repositions Captivision as a U.S.-focused diversified gold and critical minerals miner, renaming the company Montana Gold Inc. (MGI) upon Nasdaq listing. The transaction, structured via a share swap valuing the mining assets at $750 million against Captivision’s $50 million pre-transaction valuation, highlights a strategic pivot from LED/media manufacturing to mining, leveraging proven reserves of gold, silver, zinc, and copper across three Montana mines. The acquisition includes rights to additional permitted assets and aims to capitalize on domestic supply chain demand, aligning with the stock’s sharp intraday rally.