Contango Ore provides update on financing, exploration plans

Contango ORE (CTGO) will hold a webinar on Friday, September 26, 2025 at 2:00pm EST to discuss its recently closed $50M financing and plans for the use of proceeds to advance exploration and development at its Lucky Shot and Johnson Tract properties. Rick Van Nieuwenhuyse, President and CEO of the Company, stated, “We believe the recently completed financing will be transformational for the Company. Our high-grade Lucky Shot and Johnson Tract projects provide a compelling pipeline to grow gold production organically from our current 60,000 ounces annually to 200,000 ounces using our direct ship ore model. This funding will allow us to achieve our growth objectives while we continue to deliver strong performance at Manh Choh and continue to reduce our hedge book and debt obligations. We recently completed the third campaign of 2025 and plan to report results soon. With our strong balance sheet and only 15.5 million shares outstanding, Contango remains one of the best value growth stories in the sector. With gold prices defining new highs, Contango is well positioned to deliver superior shareholder returns.”