Augusta Gold Corp. has announced a transaction whereby it will become an indirect wholly-owned subsidiary of AngloGold Ashanti. This move follows the unanimous approval by the Augusta Board, which recommends that stockholders approve and adopt the Agreement. The transaction is expected to close in the fourth quarter of 2025, contingent upon customary closing conditions and the approval of the majority of Augusta Gold's outstanding shares. Notably, all directors and certain executive officers of Augusta Gold, along with Augusta Investments Inc., collectively holding approximately 31.5% of the company's shares, have entered into voting support agreements in favor of the transaction. Upon completion, Augusta Gold's shares will no longer be publicly traded.