Captivision shares surge 26.18% premarket on acquisition of Montana Tunnels Mining in $750M deal repositioning as U.S. mining company.

Captivision Inc. (CAPT) surged 26.18% in premarket trading following the announcement of a transformative $750 million acquisition of Montana Tunnels Mining, repositioning the company as a U.S.-listed diversified gold and critical minerals miner. The deal values the target at 15 times Captivision’s current $50 million market cap, with the combined entity to trade as Montana Gold Inc. (MGI) on Nasdaq. The acquisition includes three operational mines, proven reserves in gold, silver, zinc, and copper, and rights to additional assets, positioning the company to capitalize on domestic demand for responsibly sourced minerals. The transaction, subject to regulatory and financial approvals, is expected to close by Q1 2026, with risks including execution delays and capital requirements. The bullish move reflects investor optimism about the strategic shift and potential for significant valuation growth.