Artemis Gold (TSXV: ARTG) has agreed to acquire Vista Gold (NYSE American, TSX: VGZ) in an all-stock transaction valued at approximately $427 million, the companies announced September 20, 2026. Under the deal, Vista Gold shareholders will receive 0.0966 Artemis Gold shares for each share they hold, implying a value of $2.83 per Vista Gold share, a 29% premium to Vista Gold’s 20-day volume-weighted average price and a 25% premium to its last closing price. The transaction is expected to close in January 2027, pending shareholder, court, and regulatory approval, including sign-off from Australia’s Foreign Investment Review Board.