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CONTANGO ORE, INC. ANNOUNCES FILING AND MAILING OF SPECIAL MEETING PROXY STATEMENT IN CONNECTION WITH THE PROPOSED PLAN OF ARRANGEMENT WITH DOLLY VARDEN
Prnewswire· 2026-02-23 13:00
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].
Contango Webinar Scheduled for Thursday February 12, 2026
Prnewswire· 2026-02-12 15:07
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]
Contango Announces Acceptance of the Johnson Tract Critical Metals Project to the Covered Projects FAST-41 Program
Prnewswire· 2025-12-02 21:30
Core Viewpoint - Contango ORE, Inc. has successfully integrated the Johnson Tract Critical Metals Project into the FAST-41 program, which aims to enhance the federal permitting process for large infrastructure projects, ensuring improved coordination and transparency [1][2]. Group 1: Project Announcement - The Johnson Tract Critical Metals Project has been accepted as a "covered project" under the FAST-41 program as of December 1, 2025 [1]. - The President & CEO of Contango expressed gratitude to the Permitting Council and the US Army Corps of Engineers for their support in advancing the project through the permitting process [1]. Group 2: FAST-41 Program Overview - FAST-41, established in 2015, aims to streamline the federal permitting process for large infrastructure projects by increasing transparency, coordination, and accountability [2]. - The program includes a public-facing Permitting Dashboard to track projects and set public timetables for environmental reviews and authorizations [2]. - A Memorandum of Understanding (MOU) was signed on August 27, 2025, between the Permitting Council and the State of Alaska to provide federal permitting assistance through the FAST-41 program [2]. Group 3: Company Background - Contango ORE, Inc. is listed on NYSE American and focuses on the exploration of gold and associated minerals in Alaska [3]. - The company holds a 30% interest in the Peak Gold Joint Venture, which encompasses approximately 675,000 acres for exploration and development [3]. - Contango also has leases on the Johnson Tract and Lucky Shot projects, along with 100% ownership of approximately 8,600 acres of peripheral mining claims in Alaska [3].
CONTANGO ORE CLOSES $50 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND PRE-FUNDED WARRANTS
Prnewswire· 2025-09-26 14:06
Core Viewpoint - Contango ORE, Inc. has successfully completed a public offering of common shares, raising approximately $50 million to fund its mining projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering consisted of 1,975,000 common shares priced at $20.00 each and included a pre-funded warrant for 525,000 shares at $19.99 each, resulting in gross proceeds of around $50 million before expenses [1]. - Canaccord Genuity acted as the Sole Bookrunner, with Cormark Securities as Lead Manager and other firms as Co-Managers for the offering [3]. Group 2: Use of Proceeds - The net proceeds will be allocated to advance the Lucky Shot project towards a mine production decision within two years, involving drilling and underground development [2]. - Funds will also support the Johnson Tract project, including road construction, camp winterization, exploration tunnel construction, and feasibility planning, pending necessary permits [2]. Group 3: Company Overview - Contango is engaged in gold exploration in Alaska, holding a 30% interest in the Peak Gold project and leases on the Johnson Tract and Lucky Shot projects, along with ownership of additional mining claims [5].
CONTANGO ORE ANNOUNCES $50 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND PRE-FUNDED WARRANTS
Prnewswire· 2025-09-25 12:00
Core Viewpoint - Contango ORE, Inc. has successfully priced its underwritten public offering of common shares, raising approximately $50 million to fund its mining projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 1,975,000 shares priced at $20.00 per share and includes a pre-funded warrant for 525,000 shares at $19.99 each, with gross proceeds expected to be around $50 million before expenses [1]. - The closing of the offering is anticipated to occur on or about September 26, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds will be allocated to advance the Lucky Shot project towards a mine production decision over the next two years, including drilling and underground development [2]. - Funds will also support the Johnson Tract project, focusing on road construction, camp winterization, exploration tunnel construction, and feasibility-level mine planning [2]. - Remaining proceeds will be utilized for general corporate purposes, including working capital [2]. Group 3: Management and Underwriters - Canaccord Genuity is the Sole Bookrunner for the offering, with Cormark Securities as Lead Manager and Maxim Group LLC, Roth Capital Partners, and Freedom Capital Markets as Co-Managers [3]. Group 4: Company Overview - Contango ORE, Inc. is engaged in gold exploration in Alaska, holding interests in multiple projects, including a 30% stake in Peak Gold, LLC, and leases on the Johnson Tract and Lucky Shot projects [6]. - The company has approximately 8,600 acres of peripheral mining claims and a 100% interest in about 145,000 acres of State of Alaska mining claims [6].