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Captivision Engages Firm to Validate Proven Mining Reserves Ahead of Planned Acquisition

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Captivision Engages Firm to Validate Proven Mining Reserves Ahead of Planned Acquisition

Captivision Inc. (Nasdaq: CAPT) has engaged Hard Rock Consulting, LLC to reaffirm gold and precious metals reserves at Montana Tunnels Mining, Inc., a subsidiary it plans to acquire. Upon completion, Captivision will reposition as a diversified gold mining company and rebrand as Montana Gold Inc. (Nasdaq: MGI). The engagement includes mineral resource updates, mine planning, and economic evaluation to support the planned acquisition and future mining operations.

Insights
CAPT   positive

Company is executing a strategic transformation from LED/architectural media business to gold mining through acquisition of Montana Tunnels Mining. Engagement of experienced consulting firm and planned rebranding to Montana Gold Inc. demonstrates progress toward diversification and entry into mining sector.