Mining Stock Vista Gold Corp. (TSX: VGZ) Makes Top Gainer List On Acquisition News

(MENAFN- Investor Ideas) ), a leader in mining investing news and home of theExploring Mining Podcast, issues a news and trading alert for Vista Gold Corp. (NYSE American) (TSX: VGZ ), Vista Gold has a 100% interest in the Mt Todd Project in Northern Territory, Australia.

The stock makes the TSX top gainer list this morning on acquisition news. The stock is trading at 3.6800 +0.4800 (+15.05%) with a morning high of $3.92.

Artemis Gold Inc. and Vista Gold Corp. (NYSE American and TSX: VGZ) just announced they entered into a definitive agreement on September 20, 2026 (the "Arrangement Agreement") whereby Artemis Gold will acquire all of the issued and outstanding shares of Vista Gold, owner of the Mt Todd gold project in Northern Territory, Australia, pursuant to a court-approved plan of arrangement (the "Transaction"). Artemis Gold currently holds 4.95% of the shares outstanding of Vista Gold.

Under the terms of the Transaction, Vista Gold shareholders will receive 0.0966 common shares of Artemis Gold for each Vista Gold common share (the "Exchange Ratio"). The Exchange Ratio implies consideration of US$2.83 per Vista Gold common share, a total transaction value of approximately US$427 million on a 100% basis, and represents a premium of 29% based on the 20-day volume-weighted average prices of Artemis Gold on the TSX Venture Exchange (the "TSXV") and Vista Gold on the NYSE American as at September 18, 2026.

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The consideration is payable in Artemis Gold common shares. No cash consideration is payable, and no new debt is being incurred. Upon completion of the Transaction, it is expected that existing Artemis Gold and Vista Gold shareholders will own approximately 95% and 5% 1 of the pro forma company, respectively.

Strategic Rationale and Benefits to Artemis Gold Shareholders

Preserves and further strengthens the Artemis Gold investment thesis: the Blackwater Phase 1A and EP2 expansions remain the priority and principal value driver for Artemis Gold. Mt Todd construction is expected to advance following the completion of EP2.

Adds an advanced-stage, gold development asset of scale in a favourable mining jurisdiction: Vista Gold's feasibility stage Mt Todd project in Northern Territory, Australia, hosts 9.1 million ounces of Measured and Indicated Mineral Resources and 1.4 million ounces of Inferred Mineral Resources with multiple key permits previously received 2 for construction of a 50,000 tonne per day (tpd) processing facility.

Establishes a growth pathway to one million ounces per year: This medium-term target will not impact the sequencing or funding of the Phase 1A and EP2 expansion projects. Following delivery of the current Blackwater expansions, the combination of an optimized Blackwater operation and a developed Mt Todd project offers Artemis Gold a pathway toward annual gold production of more than one million ounces. Artemis Gold intends to advance Mt Todd at 50,000 tpd processing rate, aligned with the previously granted permits.

Leverages Artemis Gold management team's proven ability to develop gold assets: Artemis Gold has a team with demonstrated capability in the design, construction, commissioning and operation of new gold mines, including processing of hard ores, together with deep Australian industry experience. Our team is well equipped to advance near-term work plans which will include engineering, permitting and project optimization.

Mt Todd development timeline sequences well with the completion of Blackwater EP2: Completion of Blackwater EP2 expansion expected by mid-2028 will remain the priority focus for Artemis Gold. Potential development and construction spend at Mt Todd would not be required prior to the completion of Blackwater EP2.

Maintains a strong financial foundation for future growth: Cash flow generation from Blackwater post EP2 is expected to comfortably fund a potential development decision for Mt Todd and potential Blackwater development and optimization beyond EP2, together with capital returns to shareholders.

Strategic Rationale and Benefits to Vista Gold Shareholders

Immediate premium and compelling value: Provides Vista Gold shareholders with immediate and attractive premiums of 25% to the last closing price, and 29% to the 20-day VWAP of Vista Gold shares for the period up to and including September 18, 2026.

Continued exposure to Mt Todd and future value creation: Vista Gold shareholders will retain meaningful exposure to the future development and value creation potential of Mt Todd through their equity interest in Artemis Gold.

Exposure to near-term value accretion at Artemis Gold's Blackwater mine: Vista Gold shareholders will participate in the realization of near-term production growth from completion of Blackwater Phase 1A and EP2 expansions. Following the completion of EP2, Artemis Gold's Blackwater mine in British Columbia is expected to produce more than 500,000 ounces of gold per annum with industry leading all-in sustaining costs, cementing it as a world-class gold mine with further optimization, growth and exploration potential.

Participation in the growth of a larger gold producer: Following completion of the Transaction and Blackwater EP2, Vista Gold shareholders will participate in the growth and financial strength of a diversified gold producer with a world-class producing asset in British Columbia and an advanced-stage development asset in Australia.

A clear pathway and funding to advance Mt Todd: Artemis Gold's strong financial position and expected future operating cash flows combined with its proven project development and construction team uniquely position it to develop and unlock the full potential of Mt Todd, which removes financing uncertainty.

Enhanced trading liquidity and access to capital: Significantly improved trading liquidity and access to capital as a shareholder in a larger, more diversified intermediate gold producer, thereby eliminating single asset developer risk.

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