Captivision shares surge 20.47% after-hours as positive mining assessment confirms gold, silver resources ahead of planned acquisition.

Captivision (CAPT) surged 20.47% in after-hours trading following the announcement of positive results from an independent mining assessment by Hard Rock Consulting, reaffirming significant gold, silver, and other precious metals resources at Montana Tunnels Mining. The report highlighted substantial potential to expand mining output and extend the mine’s operational life beyond the current 10-year estimate, directly supporting Captivision’s planned acquisition of the asset. The company, which has executed a letter of intent to acquire Montana Tunnels Mining and rebrand as Montana Gold Inc. (MGI), emphasized the assessment strengthens its strategic transformation into a diversified gold mining business. The after-hours rally reflects investor optimism about the acquisition’s potential to unlock value through proven reserves and extended mine viability, aligning with the company’s pivot away from its legacy LED operations.