Captivision Announces Positive Results from Independent Mining Assessment Ahead of Planned Acquisition
Rhea-AI Summary
Captivision (Nasdaq: CAPT) announced positive independent assessment results from Hard Rock Consulting confirming gold, silver, and other precious metals resources at Montana Tunnels Mining Inc. The report identified significant opportunity to expand mining output and said projected mining life could be extended considerably from the current estimate of 10 years.
The company has executed a letter of intent to acquire MTMI with closing expected in Q1 2026, subject to due diligence, board approval, Nasdaq compliance, and possible LOI exclusivity extension. Post-close, the company plans a Regulation S-K 1300 filing and will rename to Montana Gold Inc. (Nasdaq: MGI).
Positive
- Independent HRC assessment reaffirmed gold and precious metals resources
- HRC identified significant opportunity to expand MTMI mining output
- Company has executed LOI with expected closing in Q1 2026
- Planned Regulation S-K 1300 filing to disclose mineral resources and reserves
Negative
- Acquisition is subject to due diligence, board approval, and Nasdaq compliance
- LOI exclusivity extension is under negotiation, creating timing uncertainty
- Planned restart of mining operations this year remains conditional and not guaranteed
Market Reaction
Following this news, CAPT has gained 16.38%, reflecting a significant positive market reaction. Our momentum scanner has triggered 10 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $0.60. This price movement has added approximately $3M to the company's valuation.
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Key Figures
Market Reality Check
Peers on Argus
CAPT was up 1.81% while momentum data show only FMST in motion, down 4.08%, suggesting stock-specific factors rather than a coordinated sector move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | Acquisition & compliance | Positive | +11.3% | Nasdaq extensions enabling audit completion and strategic acquisition toward Montana Gold Inc. |
| Dec 30 | Acquisition validation | Positive | -4.2% | Engagement of HRC to validate reserves and support Montana Tunnels acquisition planning. |
| Dec 02 | Acquisition LOI | Positive | +12.4% | LOI to acquire Montana Tunnels Mining with large relative valuation shift toward mining assets. |
Acquisition-related headlines have often triggered sizable moves, with mostly positive reactions but at least one notable divergence.
Over recent months, Captivision has consistently framed the Montana Tunnels Mining acquisition as a core strategic pivot toward U.S.-focused gold and precious metals production. Prior acquisition-tagged releases on Dec 2, 2025, Dec 30, 2025, and Jan 7, 2026 detailed the initial LOI, HRC’s engagement, and Nasdaq compliance extensions supporting the deal. Today’s independent assessment update builds on those steps by reinforcing resource quality and potential mine-life extension ahead of the planned closing in Q1 2026.
Historical Comparison
Prior acquisition headlines moved CAPT by an average of 6.52%. Today’s 1.81% pre-news gain sits below that typical reaction range for this theme.
Acquisition news has progressed from LOI announcement to third-party reserve validation and Nasdaq extensions, now reaching a positive independent mining assessment.
Market Pulse Summary
The stock is surging +16.4% following this news. A strong positive reaction aligns with prior acquisition updates that produced sizeable moves, where average same-tag reactions were about 6.52%. The independent assessment reinforcing resources and mine-life potential adds to an existing LOI and compliance extensions. However, CAPT still traded 73.16% below its 52-week high pre-news, and past reactions have occasionally diverged, underscoring execution and regulatory follow-through as key risks.
AI-generated analysis. Not financial advice.
- Gold and Precious Metals Resources Reaffirmed by Independent Report
- Significant Additional Mining Opportunity Identified
- Considerable Potential Mining Life Extension
MIAMI, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Captivision Inc. ("Captivision" or the "Company") (Nasdaq: CAPT) today announced positive results from a comprehensive independent assessment produced by Colorado-based Hard Rock Consulting, LLC ("HRC"), reaffirming the gold and precious metals resources of Montana Tunnels Mining Inc. ("MTMI") and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields, Inc. ("MGLD" or "Montana Goldfields").
The HRC report has also identified significant additional opportunity to potentially expand the mining output of MTMI through exploration and broadening mining activity using currently available technology. As a result of these findings and following successful exploration, the projected mining life of MTMI may be extended considerably from the current estimate of 10 years. Following the acquisition of MTMI, the Company plans disclosures of mineral resources and reserves through a Regulation SK-1300 filing and identify potential upside to the current mine plan.
"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."
As previously announced, Captivision has executed a letter of intent (LOI) to acquire MTMI, with the transaction expected to close in the first quarter of 2026. The parties are currently negotiating an extension of the LOI’s mutual exclusivity, and the acquisition is subject to completion of due diligence, board approval, and Nasdaq compliance. 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 Inc. (Nasdaq: MGI).
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses, as well as the proposed acquisition of Montana Tunnels Mining, Inc. and Company’s planned discontinuation of its legacy architectural media glass and LED businesses upon completion of the acquisition. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The risks and uncertainties include, but are not limited to: (1) the extension of the LOI’s mutual exclusivity and the ability to successfully negotiate definitive documents governing and consummate the acquisition of Montana Tunnels Mining, Inc.; (2) the ability to realize the benefits expected from the acquisition and the Company’s strategic direction; (3) following consummation of the acquisition, the ability to execute on the development plan for restarting mining; (4) the ability to raise capital (equity and debt) in the future sufficient to fund the requirements of its development plans; (5) the ability of its management to implement current plans, including with respect to the hiring and training of operating staff as well as to supplement senior management, and to respond to any unforeseen circumstances that require changes to those plans; (6) the occurrence of various risks including, but not limited to, the failure to delineate economically recoverable ore bodies, unfavorable geological conditions, unanticipated technical and operational difficulties encountered in extraction and production activities, mechanical failure of operating plant and equipment, unexpected shortages or increases in the price of consumables, spare parts and plant and equipment, cost overruns, and failure to obtain essential services from third parties, disruption of production and operations from risks and hazards which are beyond the Company’s control, including environmental hazards, industrial accidents, technical failures, labor disputes, and unusual or unexpected rock formations; (7) the accuracy of the Hard Rock Consulting reserves report and the successful mining and extraction of precious, rare earth and other minerals consistent with the report; (8) fluctuation in the market prices of gold plus silver, zinc, lead and copper and changes in world demand for such metals; (9) challenges in operating in an environmentally responsible manner and in accordance with all applicable laws, and in avoiding accidents or claims associated with past operations or other unforeseen events which may compromise its environmental performance with adverse financial implications; (10) competition from other mineral exploration and mining companies which may have greater financial and other resources, including downstream capabilities with which the Company cannot effectively compete; (11) the ability to complete its 2024 fiscal year end audit and maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (12) the future financial performance of the Company; (13) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (14) the ability to effectively discontinue its legacy architectural media glass and LED businesses and resolve associated recourse liabilities; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”
These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.
Investor Contact:
Gateway Group
Ralf Esper
+1 949-574-3860
CAPT@gateway-grp.com
FAQ
What did Captivision (CAPT) announce about the Montana Tunnels assessment on Feb 10, 2026?
When does Captivision expect to close the MTMI acquisition and what conditions apply to CAPT shareholders?
Will Captivision change its name and ticker after the MTMI acquisition (CAPT)?
What regulatory disclosure will Captivision (CAPT) make after acquiring MTMI?
How certain is the planned restart of mining operations this year for Captivision (CAPT)?
