On July 16, 2025, Augusta Gold Corp. announced it has entered into a definitive merger agreement with AngloGold Ashanti plc, pursuant to which AngloGold will acquire all of the issued and outstanding shares of common stock of Augusta Gold at a price of $1.70 per share with an implied enterprise value of approximately $197 million. The implied enterprise value is comprised of a fully-diluted equity value of approximately $152 million and repayment of certain stockholder loans of approximately $45 million.
The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions and approvals.
Cassels is acting for Augusta Gold.