Contango Ore, Inc. (NYSEAM:CTGO) is among the 12 Best Gold Stocks to Buy According to Analysts. Contango Ore, Inc. (CTGO) Advances Alaska Projects and Strengthens Balance Sheet Contango Ore, Inc. (NYSEAM:CTGO) is one of the best gold stocks to buy, according to analysts. On February 25, Contango Ore, Inc. (NYSEAM:CTGO) confirmed it has made significant progress on the underground diamond drilling program at the Lucky Shot project in Alaska. While the initial phase is focused on validating the geological ...

Core Insights - Contango ORE, Inc. reported initial assay results from its 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska, highlighting significant gold intersections, including 60.22 g/t over 5.92 meters and 294.77 g/t over 1.16 meters from the KM vein [1][2] Group 1: Drilling Program Highlights - The underground drilling program commenced in November 2025, completing 20 HQ diamond drill holes totaling 2,063 meters from four underground drill stations [1][2] - Approximately 40 additional drill holes are planned, with the first phase expected to conclude by the end of April 2026 [1][2] - The program aims to validate the geological model and support a feasibility study planned for H1 2027 [1][2] Group 2: Mineralization and Geological Findings - The drilling confirmed mineralization within the known Lucky Shot vein system (L2, L1b, and L1c veins) and identified a previously unmodeled mineralized structure designated the "KM vein" [1][2] - Significant assay intersections include LSU25031 with 5.92 m averaging 60.22 g/t Au and LSU25050 with 0.31 m averaging 99.75 g/t Au [1][2] - The KM vein represents a new mineralized structural orientation, indicating additional exploration potential within the existing underground footprint [1][2] Group 3: Future Outlook - The company is focused on disciplined execution and data quality as it advances the project, with ongoing drilling aimed at refining structural orientation and continuity [1][2] - The results to date confirm the continuity of the historically mined Lucky Shot vein and enhance understanding of subsidiary veins [1][2] - The company looks forward to periodically reporting further drill results from the Lucky Shot drilling [1][2]

Core Viewpoint - Contango ORE, Inc. has filed a definitive proxy statement and related materials for a special meeting to vote on a proposed plan of arrangement with Dolly Varden Silver Corporation, which includes significant changes to share structure and management [1][2]. Meeting Details - The special meeting for Contango stockholders is scheduled for March 17, 2026, at 12:00 P.M. Central Time, to discuss three key proposals: the 2026 Omnibus Incentive Plan, an increase in authorized shares from 45 million to 250 million, and the issuance of common stock to Dolly Varden shareholders [1][2]. Arrangement Proposal - Under the arrangement, Dolly Varden shares will be exchanged at a ratio of 0.1652 of a share of Contango common stock, with the arrangement being executed through a court-approved plan under British Columbia's Business Corporations Act [1][2]. Reasons for the Arrangement - The Contango Board, after consulting with management and advisors, believes the arrangement is in the best interests of stockholders, citing factors such as a fairness opinion from Canaccord Genuity, the fixed exchange ratio, and the potential for enhanced market capitalization and institutional ownership [1][2]. Board Recommendation - The Contango Board unanimously recommends that stockholders vote "FOR" all proposals related to the arrangement, share increase, and incentive plan [2]. Voting Support Agreements - Voting support agreements have been secured from directors, officers, and significant stockholders, representing approximately 22% of the outstanding shares of Contango, who have committed to vote in favor of the arrangement [2]. Company Overview - Contango ORE, Inc. is engaged in the exploration and development of gold and associated minerals in Alaska, holding interests in several projects including the Peak Gold JV and the Johnson Tract project [2].

Core Viewpoint - Contango Ore has recently closed a financing deal, which is the main focus of the discussion led by the CEO and CFO during the event [1]. Group 1 - The event features Contango Ore's CEO, Rick Van Nieuwenhuyse, and CFO, Mike Clark, who are present to discuss the financing [1]. - The format of the event is interactive, encouraging audience participation through questions [1]. - The event is expected to last about half an hour, with a suggestion for attendees to submit questions early for better chances of being addressed [1]. Group 2 - The event is being recorded and will be available for replay by the end of the day, specifically around 5:00 p.m. Eastern [2]. - The replay will also be accessible on 6ix's YouTube channel [2].

Summary of Contango ORE (NYSEAM:CTGO) Update Call Company Overview - **Company**: Contango ORE (CTGO) - **Date of Call**: February 12, 2026 - **Key Speakers**: CEO Rick Van Nieuwenhuyse, CFO Mike Clark Key Points Financing and Hedges - Contango ORE announced a **$50 million financing**, primarily aimed at buying back gold hedge contracts [3][9] - The decision to remove hedges was influenced by recent volatility in gold prices and operational risks highlighted by a **conveyor belt fire at Fort Knox** [4][6] - The financing will allow the company to unwind **15,000 ounces of hedges**, reducing the total hedge book from **42,000 ounces to approximately 27,000 ounces** by the end of 2026 [10][11] - The company aims to be **debt-free and hedge-free by the end of 2026** [10] Operational Insights - The company is currently drilling at **Lucky Shot** and plans to conduct a feasibility study based on drill results [32][36] - Permitting for the **Johnson Tract** tunnel is expected to be completed by **Q2 2026** [34] - The company is also pursuing a **$30 million exploration program** for the **Kitsault assets** [50] Market Position and Growth Strategy - Contango ORE is positioned to generate over **$100 million in free cash flow** at current metal prices, with a market cap projected between **$800 million and $1 billion** post-merger with Dolly Varden [38][39] - The company has a **five-year growth plan** to produce **200,000 ounces of gold and 5-6 million ounces of silver** [30][39] - The merger with Dolly Varden is seen as accretive, with strong support from major shareholders [51] Risk Management - The company is implementing **downside protection** through **$700,000 in gold put contracts** to mitigate risks associated with fluctuating gold prices [31] - The operational risks in mining are acknowledged, and the company is taking steps to manage these risks effectively [6][28] Shareholder Engagement - The financing was supported by two existing institutional investors who believe in the company's business model and the future of gold prices [9][24] - The management emphasized the importance of developing strong relationships with shareholders to ensure confidence in the company's direction [46] Regulatory Environment - There is a belief that the midterm elections will have **no impact on permitting** processes in Alaska, with ongoing discussions about permitting reform [52][53] Future Outlook - The company is optimistic about its growth trajectory and the potential for exploration in its districts, which are considered safe jurisdictions for mining [39][40] - The management is focused on maintaining a strong operational and financial position while navigating market conditions [28][30] Additional Notes - The call included discussions about the structure of the financing, including **pre-funded warrants** that will convert to shares in the future [18][21] - The management is committed to transparency and will provide further updates on drilling results and permitting processes [56][57]

Core Viewpoint - Contango ORE, Inc. is hosting a conference call and webcast on February 12, 2026, to discuss recent financing aimed at reducing the Company's hedge book [1] Company Overview - Contango ORE, Inc. is listed on NYSE American under the ticker CTGO and focuses on the exploration and development of gold and associated minerals in Alaska [1] - The Company holds a 30% interest in Peak Gold, LLC, which leases approximately 675,000 acres for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., a subsidiary of Kinross Gold Corporation [1] - Contango also has leases on the Johnson Tract project and the Lucky Shot project, along with 100% interests in approximately 145,280 acres and 11,711 acres of State of Alaska mining claims through its wholly owned subsidiaries [1] Financing Details - The conference call will discuss the recent financing, which is intended to reduce the Company's hedge book [1]

Core Viewpoint - Contango ORE, Inc. has successfully closed a $50 million underwritten offering of common stock and pre-funded warrants, aimed at financing strategic initiatives including the buyback of gold hedge contracts and general corporate purposes [1][2]. Group 1: Offering Details - The offering consisted of 1,678,206 shares priced at $24.96 each and included pre-funded warrants for 325,000 shares at $24.95 each, resulting in aggregate gross proceeds of approximately $50 million before expenses [1]. - The company plans to allocate around $45 million of the net proceeds to repurchase gold hedge contracts and approximately $700,000 for gold put contracts to provide downside protection [1]. Group 2: Company Background - Contango ORE is engaged in the exploration and development of gold and associated minerals in Alaska, holding a 30% interest in Peak Gold, LLC, which manages approximately 675,000 acres for exploration [1]. - The company also has leases on multiple projects, including the Johnson Tract and Lucky Shot projects, and holds interests in additional mining claims in Alaska [1].

Core Viewpoint - Contango ORE, Inc. has announced a $50 million underwritten offering of common stock and pre-funded warrants to institutional investors, with the intention to utilize the proceeds primarily for buying back gold hedge contracts and for general corporate purposes [1]. Group 1: Offering Details - The offering consists of 1,678,206 shares priced at $24.96 each and 325,000 pre-funded warrants priced at $24.95 each, leading to aggregate gross proceeds of approximately $50 million before expenses [1]. - The closing of the offering is expected on or about February 12, 2026, pending customary closing conditions [1]. - Canaccord Genuity is acting as the Sole Bookrunner for the offering, which is made under an effective shelf registration statement previously filed with the SEC [1]. Group 2: Use of Proceeds - Approximately $45 million of the net proceeds will be allocated to buy back gold hedge contracts, while around $700,000 will be used to purchase gold put contracts for downside protection [1]. - Remaining proceeds will be directed towards general corporate purposes, including working capital [1]. Group 3: Company Background - Contango ORE is engaged in the exploration and development of gold and associated minerals in Alaska, holding a 30% interest in Peak Gold, LLC, which leases approximately 675,000 acres for exploration [1]. - The company also has leases on multiple projects, including the Johnson Tract and Lucky Shot projects, and holds interests in various mining claims in Alaska [1].

Core Viewpoint - Halper Sadeh LLC is investigating several companies for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to recent transactions involving these companies [1][2][3][4]. Group 1: Company Transactions - Diamond Hill Investment Group, Inc. (NASDAQ: DHIL) is being sold to First Eagle Investments for $175.00 per share [1]. - Contango ORE, Inc. (NYSE American: CTGO) is merging with Dolly Varden Silver Corporation, with Contango shareholders expected to own approximately 50% of the combined entity [2]. - Synchronoss Technologies, Inc. (NASDAQ: SNCR) is being sold to Lumine Group Inc. for $9.00 per share, subject to adjustments for transaction expenses [3]. - Confluent, Inc. (NASDAQ: CFLT) is being sold to IBM for $31.00 per share [3]. Group 2: Legal Rights and Options - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief on behalf of shareholders [4]. - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [5].

Group 1 - Halper Sadeh LLC is investigating the fairness of the merger between Contango ORE, Inc. and Dolly Varden Silver Corporation for Contango shareholders [1] - Upon completion of the merger, Contango shareholders will own approximately 50% of the combined company [1]