Captivision shares surge 12.16% premarket after announcing $750M acquisition of Montana Tunnels Mining, rebranding to Montana Gold Inc.

Captivision Inc. (CAPT) surged 12.16% in premarket trading following the announcement of a transformative $750 million acquisition of Montana Tunnels Mining and the Montana Tunnels Mine from Montana Goldfields. The deal, valued at $750 million for the mining assets versus Captivision’s pre-transaction valuation of $50 million, repositions the company as a U.S.-focused diversified mining entity, to be renamed Montana Gold Inc. (MGI) upon closing. The transaction, expected by Q1 2026, includes three operating mines with 22 years of production history, milling infrastructure, and rights to additional permitted assets. The strategic shift from LED/media manufacturing to mining, coupled with the potential for near-term revenue from established reserves and production, drove investor optimism. Risks such as regulatory hurdles and operational challenges were noted but overshadowed by the acquisition’s scale and strategic rebranding.