CAPT News & Events

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."

Captivision has been informed that the Nasdaq Hearings Panel has granted the Company's request to extend the deadline for regaining compliance with the Nasdaq Listing Rules, subject to certain conditions related to the Company's ongoing efforts to regain compliance with Nasdaq Listing Rule 5250(c)(1). Pursuant to the Panel's decision, the Company must demonstrate compliance with the Periodic Filing Rule on or before March 31, with respect to 2024 fiscal year audited financial results, and April 17, 2026, with respect to reporting first half 2025 financial results. The Company today also announced that it received a letter on January 2, from the Listing Qualifications Department of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(2) because it has not yet filed with the Securities and Exchange Commission its Form 6-K with interim financial statements for the period ended June 30, for which the Panel already granted an extension to April 17, 2026, as discussed above. Nasdaq's letter provided formal notice of the deficiency and this announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. Given the receipt of the extension, the latest notice has no current effect on the listing or trading of the Company's securities on the Nasdaq Stock Market. The Company previously addressed other Nasdaq listing requirements and has entered into a letter of intent to acquire Montana Goldfields subsidiary Montana Tunnels Mining Inc. as previously announced. The planned transformative acquisition will reposition Captivision as a diversified gold mining and related services company, renamed Montana Gold Inc. and will begin trading on Nasdaq under the ticker symbol "MGI" upon completion of the acquisition. MGI will be a Nasdaq-listed, diversified gold mining company with significant proven reserves across precious metals and potential rare earths elements. In addition to the U.S. headquarters, assets and operations, the Company will be differentiated by established infrastructure and production, seasoned management and public company governance, and access to capital. The Company will seek to capitalize on growing demand for responsibly sourced mining assets and heightened focus on domestic supply chain security.

Captivision announced the engagement of Colorado-based Hard Rock Consulting to reaffirm the gold and precious metals reserves of Montana Tunnels Mining, Inc. and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields. As previously announced, Captivision has executed a letter of intent to acquire Montana Tunnels Mining, Inc. Upon completion of the acquisition, the Company intends to reposition as a diversified gold mining and related services business and will be renamed Montana Gold. The engagement includes mineral resource and reserves updates, mine planning and optimization, rare-earth potential and overall economic evaluation. The reaffirmation of the gold and precious metals proven reserves, mine planning and economic evaluation will be utilized in connection with the planned acquisition.

Captivision announced the execution of a letter of intent for the transformative acquisition of Montana Tunnels Mining and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields. Captivision will be repositioned as a diversified gold mining and related services company, renamed Montana Gold Inc. and will begin trading on Nasdaq under the ticker symbol "MGI" upon completion of the acquisition. Under the terms of the LOI, Captivision will acquire MTMI and the Montana Tunnels Mine asset using the Company's newly issued ordinary shares in a ratio based on a relative pre-transaction value of $750 million and the Company of $50 million. The transaction, which is subject to negotiation of definitive documents reflecting usual and customary closing conditions, completion of audited financial statements, and regulatory review, is expected to close by the First Quarter 2026.