Captivision shares surge 30.00% premarket after announcing $750M acquisition of Montana Tunnels Mining.

Captivision Inc. (CAPT) surged 30.00% in premarket trading following the announcement of a transformative $750 million acquisition of Montana Tunnels Mining, repositioning the company as a U.S.-focused gold and critical minerals miner under the new name Montana Gold Inc. (ticker: MGI). The transaction, valued at a 15x premium to Captivision’s pre-transaction $50 million valuation, involves issuing newly issued shares to acquire three operational mines, proven reserves in gold, silver, zinc, and copper, and rights to additional assets. The deal, expected to close by Q1 2026, signals a strategic pivot from LED/media manufacturing to mining, aligning with heightened demand for domestic mineral supply chains. While regulatory and operational risks remain, the rebranding and asset acquisition directly explain the sharp premarket rally.