Welcome to our dedicated page for Contango Ore news (Ticker: CTGO), a resource for investors and traders seeking the latest updates and insights on Contango Ore stock.
News for Contango ORE, Inc. (NYSE American: CTGO) centers on its gold and associated minerals exploration and development activities in Alaska and its corporate transactions. Company press releases and SEC-related announcements highlight production results, cash distributions from the Peak Gold JV at the Manh Choh project, financing events, project milestones, and a planned merger with Dolly Varden Silver Corporation.
Investors following CTGO news can expect regular updates on Manh Choh production campaigns, including ounces of gold produced and sold on a 30% basis to Contango, cash costs and all-in sustaining costs, and the size and timing of cash distributions from the Peak Gold JV. These updates often discuss how operating cash flow is used to reduce debt, manage hedge contracts, and strengthen the company’s balance sheet.
Another recurring news theme is the advancement of the Lucky Shot and Johnson Tract projects. Releases describe underground and surface drilling programs at Lucky Shot to support a feasibility-level mine and transportation plan using a Direct Shipping Ore model. At Johnson Tract, news has covered baseline environmental and engineering work, permitting for an underground exploration drift, and acceptance of the project as a covered project under the FAST-41 federal permitting program.
Contango’s news flow also includes capital markets and corporate developments, such as an underwritten public offering of common stock and pre-funded warrants, inclusion in the Global Junior Gold Miners Index (GDXJ), and the Arrangement Agreement with Dolly Varden Silver Corporation to form a combined company expected to be named Contango Silver & Gold Inc. These items provide context on how the company finances project development and positions itself in the broader precious metals sector.
By monitoring this CTGO news page, readers can track operational performance at Manh Choh, progress at development-stage projects, key permitting milestones, financing activities, and the status of the planned Dolly Varden transaction, all drawn from company-issued disclosures and regulatory filings.
Contango Ore (NYSE:CTGO) is featured on BTV alongside six other resource companies, highlighting mergers, advanced projects, and large drill programs across North America and Europe. Key items include Contango's merger to form Contango Silver & Gold targeting 200,000 oz Au and up to 6 million oz Ag, Critical Elements' construction-ready lithium asset with permits and conditional financing, funded multi‑tenure drill campaigns at Dryden, Kirkland Lake, Klondike, and a Selkirk copper restart plan with a 50,000‑metre program and a PEA targeted this year.
Contango ORE (NYSE:CTGO) reported initial results from its 2025/2026 underground drill program at Lucky Shot, Alaska, including 5.92 m @ 60.22 g/t Au (incl. 1.16 m @ 294.77 g/t) and multiple other high‑grade intercepts. The program has completed 2,063 m in 20 HQ holes and identified a new KM vein. Ongoing drilling supports a planned mineral resource update and feasibility study targeted for H1 2027.
Contango ORE (NYSE:CTGO) filed and mailed its definitive proxy statement dated February 13, 2026, for a special meeting to approve a proposed plan of arrangement with Dolly Varden.
Key facts: virtual meeting March 17, 2026 at 12:00 PM CT; proxy voting deadline March 13, 2026; exchange ratio 0.1652; authorized shares increase 45,000,000 to 250,000,000; board unanimously recommends approval; voting support agreements represent ~22%.
Contango ORE (NYSE American: CTGO) provided a corporate update on Johnson Tract permitting, Manh Choh operations and recent hedge settlements on Feb 17, 2026.
The Johnson Tract project was placed on the FAST-41 Dashboard on Jan 30, 2026 and the Company submitted its first Initial Application for a permit on Feb 2, 2026. Manh Choh commenced Campaign #1-2026 on Feb 5, 2026 with processing through the Kinross Fort Knox mill into early to mid-March. Contango paid $46,381,535 on Feb 12, 2026 to settle 15,446 ounces of gold hedges at an average strike of $2,025/oz, and paid $448,986 to buy matching puts at a $4,000/oz strike. Remaining hedges: 11,000 oz in 2026 and 15,000 oz in H1 2027.
Summary not available.
Contango ORE (NYSE American: CTGO) will host a webcast and conference call on February 12, 2026 at 12:00 PM PT / 3:00 PM ET to discuss a recent financing. According to the company, proceeds will be directed toward reducing the company’s hedge book.
Webcast link: https://6ix.com/event/contango-ore-update-on-feb-2026-financing
Contango ORE (NYSE:CTGO) closed an underwritten offering of common stock and pre-funded warrants on February 12, 2026, raising approximately $50 million in gross proceeds. The offering sold 1,678,206 shares at $24.96 per share and pre-funded warrants for 325,000 shares at $24.95 each.
The company intends to use about $45,000,000 of net proceeds to buy back gold hedge contracts and approximately $700,000 to purchase gold put contracts for downside protection; remaining funds will support general corporate purposes and working capital.
Contango ORE (NYSE:CTGO) priced an underwritten offering to raise approximately $50 million gross by selling 1,678,206 common shares at $24.96 and pre-funded warrants for 325,000 shares at $24.95.
Contango intends to use about $45.0 million to buy back gold hedge contracts and about $700,000 to purchase gold put contracts; closing expected on or about February 12, 2026.
Contango ORE (NYSE American: CTGO) and Dolly Varden Silver (TSXV: DV / NYSE American: DVS) agreed to merge on a merger-of-equals to form Contango Silver & Gold Inc., combining the cash-flowing Manh Choh gold mine with high-grade silver and gold projects in Alaska and British Columbia.
Key metrics: >US$100 million combined cash, ~US$15 million debt, 173,400 oz gold produced in first nine months of 2025 (52,020 oz attributable to Contango), Johnson Tract Initial Assessment NPV5% US$615 million and IRR 53% (at US$4,000/oz), and Kitsault Valley indicated 34.7 Moz silver. Transaction targets ~50/50 ownership, Exchange Ratio 0.1652 CTGO share per DV share, and closing expected late Feb–early Mar 2026 subject to court, shareholder and regulatory approvals.
Contango (NYSE American: CTGO) announced that the Johnson Tract Critical Metals Project was accepted as a "covered project" into the Federal Permitting Improvement Steering Council's FAST-41 program on December 1, 2025. The company said the designation will provide enhanced coordination with the US Army Corps of Engineers, cooperating state and federal agencies, and CIRI, and aims to deliver more predictable timelines, improved public transparency, and accountability during permitting.
The release notes FAST-41's structured permitting process, public Permitting Dashboard, and references a August 27, 2025 Memorandum of Understanding between the Permitting Council and the State of Alaska to support federal-state cooperation under FAST-41.