#Canada #Vancouver #Merger Agreement #Augusta Gold #AngloGold Ashanti

Augusta Gold's Acquisition by AngloGold Ashanti

On October 23, 2025, Augusta Gold Corp. (TSX: G, OTCQB: AUGG) proudly announced the successful culmination of its previously disclosed acquisition by AngloGold Ashanti plc (NYSE: AU, JSE: ANG). This strategic merger, known as the Merger Agreement, was enacted following the affirmative approval from Augusta Gold's shareholders during a special meeting held on October 20, 2025.

Background of the Merger

The Merger Agreement, officially dated July 15, 2025, aligns Augusta Gold with AngloGold Ashanti, a prominent player in the mining sector. This partnership positions Augusta Gold as a wholly-owned subsidiary of AngloGold Ashanti, fostering long-term growth and stability in the precious metals market.

Under the acquisition terms, Augusta Gold stockholders will receive C$1.70 in cash for each share of common stock held. Those who possess their shares in beneficial form will automatically receive their compensation shortly after the merger's closure. On the other hand, registered stockholders must complete a form of Letter of Transmittal to facilitate the exchange, which the company will circulate within five business days following the merger's completion. The instructions for this process will be available on the company’s official site and through regulatory platforms.

Implications of the Acquisition

With the approval granted by Augusta Gold's shareholders, the merger's implications extend beyond mere financial transactions. Augusta Gold's shares are expected to be delisted from the Toronto Stock Exchange (TSX) and cease trading on the OTCQB, marking a definitive shift in the company’s operational landscape.

Furthermore, Augusta Gold has initiated steps to terminate its status as a reporting issuer within Canada. This will occur upon receiving a favorable order from Canadian securities regulators, effectively releasing the company from ongoing disclosure mandates.

Additionally, the company plans to file a Form 15 with the U.S. Securities and Exchange Commission (SEC). This filing serves to terminate the registration of Augusta Gold Shares under the U.S. Securities Exchange Act, effectively suspending the company’s related reporting obligations immediately.

About Augusta Gold

Augusta Gold is primarily focused on the exploration and development of its gold projects, notably the Reward and Bullfrog projects located in the prolific Bullfrog mining district, just 120 miles northwest of Las Vegas, Nevada. This region is not only known for its rich mineral deposits but also for its historical significance within the mining sector.

In light of the merger with AngloGold Ashanti, Augusta Gold is poised to leverage extensive resources, innovative technologies, and market expertise to enhance its operational capabilities and drive future growth.

Forward-Looking Statements

It’s important to note that the statements provided in this announcement may include forward-looking statements under applicable securities regulations. The company encourages shareholders and market watchers alike to exercise caution when interpreting these expectations, recognizing that a variety of risks and uncertainties may influence real results. Augusta Gold warrants no guarantees regarding the outcomes related to these outlooks and may choose to amend its disclosures as necessary based on evolving circumstances.

In conclusion, the acquisition of Augusta Gold by AngloGold Ashanti represents a pivotal moment in the mining sector, with significant implications for investors and stakeholders alike. The merger positions both companies for a successful future, driven by shared objectives in mining excellence and market leadership.