12:01 PM EDT, 07/16/2025 (MT Newswires) -- Augusta Gold ( AUGG ) shares were last seen up 25% after the company agreed to be acquired by AngloGold Ashanti ( AU ) on Wednesday said that it agreed to acquire for $152 million, or $1.70 per share.

AngloGold, which is offering a 28% premium to Augusta Gold's ( AUGG ) closing price on Tuesday and a 37% premium to the 20-day volume-weighted average share price, said the deal allows it to further consolidate its presence in the Beatty district in Nevada by acquiring Augusta's Reward and Bullfrog projects.

"We believe that securing these properties will not only solidify our leading position in the most important new gold district in the U.S., but will also improve our ability to develop the region under an integrated plan - with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders," said Alberto Calderon, CEO of AngloGold Ashanti ( AU ).

The transaction is expected to close in the fourth quarter.

Augusta Gold ( AUGG ) shares were last seen up $0.33 to $1.66 on the Toronto Stock Exchange.

Price: 1.66, Change: +0.33, Percent Change: +24.81