Captivision Confirms Montana Tunnels Mining Precious Metals Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
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Should l Buy CAPT?
Captivision announced positive results from a comprehensive independent assessment produced by Colorado-based Hard Rock Consulting, reaffirming the gold and precious metals resources of Montana Tunnels Mining and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields. "The HRC report confirms the foundational quality of this asset - substantial reserves of gold, silver, and other precious metals with significant embedded growth potential including mining life," said Gary Garrabrant, Chairman and CEO of Captivision. "This positions Montana Gold Inc. as an early-stage diversified mining growth company with a clear and actionable operation plan. We are excited about the planned restarting of mining operations this year."
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About CAPT
Captivision Inc. is a provider of architectural media glass. The Company is an inventor and manufacturer of architectural display glass. The Company manufactures an integrated architectural information technology (IT) product, G-Glass, which is a product that combines IT building materials and architectural glass into one standalone offering. G-Glass can transform any glass facade into a transparent media screen, enabling real estate owners and developers to monetize vertical real estate. G-Glass can be implemented across a wide range of indoor and outdoor use cases from retailers, shops, entertainment, service companies as well as media, streaming and broadcasting companies. It has a variety of applications, including business marketing, third party advertising, public services, and sports and entertainment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Captivision Faces Nasdaq Delisting Crisis
- Delisting Notice Impact: Captivision received a delisting notice from Nasdaq for failing to submit its 2024 financial report on time, causing its stock to plunge 85% to a record low on Wednesday, indicating severe compliance risks for the company.
- Market Transition: The company expects to trade on the OTC Pink market before moving to the Expert Market on April 9, 2026, which may result in lower liquidity, further impacting investor confidence and market performance.
- Compliance Deadline Extension: Despite multiple extensions granted by Nasdaq to submit the 2024 audited report by March 31, 2026, Captivision has failed to meet these requirements, highlighting ongoing issues in its financial management.
- Acquisition Plans Progress: Despite the delisting risk, Captivision plans to proceed with the acquisition of Montana Tunnels Mining, stating that substantial due diligence has been completed, demonstrating the company's determination to seek growth opportunities amid adversity.
See More
Captivision to Delist from Nasdaq, Transition to OTC Trading
- Delisting Announcement: Captivision (CAPT) stated it will be delisted from the Nasdaq Global Market due to failure to meet listing requirements, with shares expected to start trading on the OTC market under the symbol 'CAPTF' from April 9, 2026, highlighting significant financial compliance challenges faced by the company.
- Incomplete Financial Audit: The company failed to complete and file its audited financial statements for FY2024 by the extended deadline, a misstep that not only jeopardizes its listing status but may also undermine investor confidence, leading to potential stock price volatility.
- Market Transition: Despite the delisting, Captivision will continue to be publicly traded, planning to operate on the OTC Pink Limited tier before moving to the Expert Market, a strategy that may provide more flexible financing options but also poses liquidity risks.
- Uncertain Future Outlook: With the shift to over-the-counter trading, Captivision's market visibility and investor interest may decline, and its ability to regain Nasdaq listing status in the future will depend on improvements in its financial health and compliance capabilities.
See More
Capitan Silver Reports High-Grade Silver Drill Results at Cruz de Plata
- High-Grade Silver Discovery: Drill hole 25-ERRC-52 at the Cruz de Plata project returned 1,450.5 g/t AgEq, extending mineralization by 25 meters down-dip, indicating significant potential for increased resource estimates and enhancing the company's asset value.
- Mineralization Extension: Drill hole 25-ERRC-48 extended mineralization by 50 meters, intersecting strong silver values of 220.1 g/t AgEq, further confirming continuity along the Jesus Maria Silver Trend and bolstering exploration confidence in the region.
- New Gold Zone Discovery: A new gold zone was identified north of the Gully Fault, with drill hole 25-JMRC-27 intersecting 0.44 g/t Au over 24.4 meters, providing potential for resource diversification and strategic flexibility for the company.
- Accelerated Drilling Program: Capitan is ramping up its 60,000-meter drilling program, with four rigs on site, expected to significantly enhance mineralization expansion and strengthen the company's competitive position in the silver market.
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UniFirst Corp Reports Mixed Q1 Results, Shares Drop 4%
- Earnings Miss: UniFirst Corp reported adjusted earnings of $1.97 per share for Q1, falling short of market expectations of $2.06, indicating challenges in profitability that may affect investor confidence.
- Sales Slightly Exceed Expectations: The company’s quarterly sales reached $621.318 million, slightly above the expected $615.253 million, suggesting some market demand remains despite earnings concerns.
- Stock Price Reaction: Following the mixed results, UniFirst's shares dropped approximately 4% on Wednesday, reflecting market worries about the company's future profitability and potentially prompting investors to reassess their strategies.
- Industry Impact: In a mixed market where healthcare stocks rose by 1.4% and materials stocks fell by 1%, UniFirst's performance may influence its competitive position within the materials sector.
See More
Captivision Secures Nasdaq Compliance Extension Deadline to March 2026
- Compliance Deadline Extended: Captivision has received approval from the Nasdaq Hearings Panel to extend its compliance deadline to March 31, 2026, to meet the requirements for the 2024 fiscal year audited financial results, thereby mitigating immediate delisting risks.
- Financial Reporting Obligations: The company must submit its Form 6-K with interim financial statements for the first half of 2025 by April 17, 2026, ensuring ongoing compliance with Nasdaq listing rules and maintaining investor confidence.
- Acquisition Plan Advancement: Captivision has entered into a letter of intent to acquire Montana Tunnels Mining Inc., which will transform the company into a diversified gold mining entity, expected to enhance its market competitiveness.
- Strategic Restructuring: Upon completion of the acquisition, the company will be renamed Montana Gold Inc. and will trade on Nasdaq under the ticker symbol “MGI,” marking its strategic positioning in the gold and rare earth elements sectors to meet the growing demand for responsibly sourced mining assets.
See More
Captivision Engages HRC to Reaffirm Reserves Ahead of Montana Tunnels Acquisition
- Acquisition Intent: Captivision has signed a letter of intent to acquire Montana Tunnels Mining, Inc., which will enable the company to reposition itself as a diversified gold mining and related services business, potentially enhancing its market competitiveness.
- Expert Collaboration: The company has engaged HRC to reaffirm mineral resources and reserves, leveraging HRC's extensive experience in mining evaluations and strategic planning to ensure effective resource utilization in connection with the acquisition.
- Asset Integration: This acquisition will allow Captivision to integrate multiple mining assets, including the Diamond Hill mine and Golden Dream deposit, thereby strengthening its overall position in the gold market.
- Strategic Transformation: Upon completion of the acquisition, Captivision will be renamed Montana Gold Inc., marking a significant shift in the company's strategic direction and supporting its long-term growth in the gold sector.
See More
Captivision Faces Nasdaq Delisting Crisis
- Delisting Notice Impact: Captivision received a delisting notice from Nasdaq for failing to submit its 2024 financial report on time, causing its stock to plunge 85% to a record low on Wednesday, indicating severe compliance risks for the company.
- Market Transition: The company expects to trade on the OTC Pink market before moving to the Expert Market on April 9, 2026, which may result in lower liquidity, further impacting investor confidence and market performance.
- Compliance Deadline Extension: Despite multiple extensions granted by Nasdaq to submit the 2024 audited report by March 31, 2026, Captivision has failed to meet these requirements, highlighting ongoing issues in its financial management.
- Acquisition Plans Progress: Despite the delisting risk, Captivision plans to proceed with the acquisition of Montana Tunnels Mining, stating that substantial due diligence has been completed, demonstrating the company's determination to seek growth opportunities amid adversity.
See More
Captivision to Delist from Nasdaq, Transition to OTC Trading
- Delisting Announcement: Captivision (CAPT) stated it will be delisted from the Nasdaq Global Market due to failure to meet listing requirements, with shares expected to start trading on the OTC market under the symbol 'CAPTF' from April 9, 2026, highlighting significant financial compliance challenges faced by the company.
- Incomplete Financial Audit: The company failed to complete and file its audited financial statements for FY2024 by the extended deadline, a misstep that not only jeopardizes its listing status but may also undermine investor confidence, leading to potential stock price volatility.
- Market Transition: Despite the delisting, Captivision will continue to be publicly traded, planning to operate on the OTC Pink Limited tier before moving to the Expert Market, a strategy that may provide more flexible financing options but also poses liquidity risks.
- Uncertain Future Outlook: With the shift to over-the-counter trading, Captivision's market visibility and investor interest may decline, and its ability to regain Nasdaq listing status in the future will depend on improvements in its financial health and compliance capabilities.
See More
Capitan Silver Reports High-Grade Silver Drill Results at Cruz de Plata
- High-Grade Silver Discovery: Drill hole 25-ERRC-52 at the Cruz de Plata project returned 1,450.5 g/t AgEq, extending mineralization by 25 meters down-dip, indicating significant potential for increased resource estimates and enhancing the company's asset value.
- Mineralization Extension: Drill hole 25-ERRC-48 extended mineralization by 50 meters, intersecting strong silver values of 220.1 g/t AgEq, further confirming continuity along the Jesus Maria Silver Trend and bolstering exploration confidence in the region.
- New Gold Zone Discovery: A new gold zone was identified north of the Gully Fault, with drill hole 25-JMRC-27 intersecting 0.44 g/t Au over 24.4 meters, providing potential for resource diversification and strategic flexibility for the company.
- Accelerated Drilling Program: Capitan is ramping up its 60,000-meter drilling program, with four rigs on site, expected to significantly enhance mineralization expansion and strengthen the company's competitive position in the silver market.
See More
UniFirst Corp Reports Mixed Q1 Results, Shares Drop 4%
- Earnings Miss: UniFirst Corp reported adjusted earnings of $1.97 per share for Q1, falling short of market expectations of $2.06, indicating challenges in profitability that may affect investor confidence.
- Sales Slightly Exceed Expectations: The company’s quarterly sales reached $621.318 million, slightly above the expected $615.253 million, suggesting some market demand remains despite earnings concerns.
- Stock Price Reaction: Following the mixed results, UniFirst's shares dropped approximately 4% on Wednesday, reflecting market worries about the company's future profitability and potentially prompting investors to reassess their strategies.
- Industry Impact: In a mixed market where healthcare stocks rose by 1.4% and materials stocks fell by 1%, UniFirst's performance may influence its competitive position within the materials sector.
See More
Captivision Secures Nasdaq Compliance Extension Deadline to March 2026
- Compliance Deadline Extended: Captivision has received approval from the Nasdaq Hearings Panel to extend its compliance deadline to March 31, 2026, to meet the requirements for the 2024 fiscal year audited financial results, thereby mitigating immediate delisting risks.
- Financial Reporting Obligations: The company must submit its Form 6-K with interim financial statements for the first half of 2025 by April 17, 2026, ensuring ongoing compliance with Nasdaq listing rules and maintaining investor confidence.
- Acquisition Plan Advancement: Captivision has entered into a letter of intent to acquire Montana Tunnels Mining Inc., which will transform the company into a diversified gold mining entity, expected to enhance its market competitiveness.
- Strategic Restructuring: Upon completion of the acquisition, the company will be renamed Montana Gold Inc. and will trade on Nasdaq under the ticker symbol “MGI,” marking its strategic positioning in the gold and rare earth elements sectors to meet the growing demand for responsibly sourced mining assets.
See More
Captivision Engages HRC to Reaffirm Reserves Ahead of Montana Tunnels Acquisition
- Acquisition Intent: Captivision has signed a letter of intent to acquire Montana Tunnels Mining, Inc., which will enable the company to reposition itself as a diversified gold mining and related services business, potentially enhancing its market competitiveness.
- Expert Collaboration: The company has engaged HRC to reaffirm mineral resources and reserves, leveraging HRC's extensive experience in mining evaluations and strategic planning to ensure effective resource utilization in connection with the acquisition.
- Asset Integration: This acquisition will allow Captivision to integrate multiple mining assets, including the Diamond Hill mine and Golden Dream deposit, thereby strengthening its overall position in the gold market.
- Strategic Transformation: Upon completion of the acquisition, Captivision will be renamed Montana Gold Inc., marking a significant shift in the company's strategic direction and supporting its long-term growth in the gold sector.
See More
