Captivision To Acquire Montana Tunnels Mining, Inc. And The Montana Tunnels Mine; Will Make Acquisition Using Co.'s Newly Issued Ordinary Shares In Ratio Based On Relative Pre-Transaction Value Of $750M And The Company Of $50M

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.