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]

Contango Webinar Scheduled for Thursday February 12, 2026 [Accessibility Statement] Skip NavigationFAIRBANKS, Alaska, Feb. 12, 2026 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) will host a conference call and webcast on February 12th, 2026 beginning at 12:00 pm Pacific Time / 3:00 pm Eastern Time to discuss the recent financing with proceeds directed toward reducing the Company's hedge book.Participants may join the webcast using the following login details:[https:// ...

Contango Ore Closes $50 Million Underwritten Offering of Common Stock and Pre-funded Warrants [Accessibility Statement] Skip NavigationFAIRBANKS, Ala., Feb. 12, 2026 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), is pleased to announce that it has closed its previously announced underwritten offering (the "Offering") of common stock (the "Shares") of the Company consisting of 1,678,206 Shares at an offering price of $24.96 per Share to two institutional investors. In ...

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]

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Core Viewpoint - Two companies, Contango Ore and Dolly Varden Silver, are planning to merge, which is a significant development in the industry [2]. Group 1: Merger Announcement - The CEOs of Contango Ore and Dolly Varden Silver, Rick Van Nieuwenhuyse and Shawn Khunkhun, are participating in a presentation regarding the proposed merger [1]. - The event includes a presentation deck outlining the details of the merger, followed by a Q&A session with analysts and an open forum for audience questions [2].

Summary of Contango Ore and Dolly Varden Silver Merger Conference Call Companies Involved - **Contango Ore (NYSEAM:CTGO)** - **Dolly Varden Silver** Core Points and Arguments 1. **Merger Announcement**: Contango Ore and Dolly Varden Silver announced their intention to merge, creating a combined company with a market capitalization of approximately $800 million USD or over CAD 1 billion [4][18][19]. 2. **Leadership Structure**: Post-merger, Rick Van Nieuwenhuyse from Contango will serve as CEO, Sean Khunkhun from Dolly Varden will be President, and Mike Clark will be CFO [18][47]. 3. **Asset Portfolio**: The merger will combine high-grade gold and silver projects in tier one jurisdictions, focusing on Alaska and the Golden Triangle in British Columbia [12][21][60]. 4. **Production Capacity**: Current production is approximately 60,000 ounces of gold per year from the Manh Choh mine, with plans to increase to 200,000 ounces through the development of Lucky Shot and Johnson Tract [41][52]. 5. **High-Grade Assets**: The combined portfolio includes high-grade projects with gold grades exceeding 10 grams per ton and silver grades over 300 grams per ton, which are expected to yield significant cash flow [12][22][56]. 6. **Direct Shipping Ore (DSO) Model**: The DSO model will be utilized to minimize capital expenditures and expedite production timelines, allowing for efficient transportation of high-grade ore to existing mills [24][58]. 7. **Geographic Synergy**: The merger capitalizes on geographic consistency, with both companies operating in the same mining districts, enhancing operational efficiencies and exploration potential [11][21]. 8. **Support from Shareholders**: Both companies have garnered significant support from their shareholders, with 22% signing voter support agreements for the merger [20][19]. 9. **Exploration Potential**: The combined company will have access to over 500,000 hectares of prime exploration land, with plans for extensive drilling programs to further define resources [15][31][69]. 10. **Financial Strength**: The merged entity will have over $100 million in cash and is expected to generate $100 million in free cash flow annually from the Manh Choh mine [44][71]. Other Important but Possibly Overlooked Content 1. **Historical Context**: Both CEOs have extensive backgrounds in mining and have successfully built companies in the sector, indicating a strong foundation for the new entity [6][9]. 2. **Community Relations**: Both companies emphasize strong relationships with local communities and indigenous partners, which is crucial for project development and permitting [62][63]. 3. **Market Dynamics**: The merger is positioned to take advantage of current market conditions where size and liquidity are increasingly important for attracting investment [36][37]. 4. **Future Plans**: The companies plan to conduct a new 43-101 compliant resource estimate, with expectations of significant increases in both silver and gold resources [62][69]. 5. **Environmental Considerations**: The DSO model is highlighted as a more environmentally friendly approach, reducing the need for extensive milling facilities and associated permits [58]. This summary encapsulates the key points discussed during the conference call regarding the merger between Contango Ore and Dolly Varden Silver, highlighting the strategic advantages and future potential of the combined entity.