BTV Showcases Contango Ore, Critical Elements Lithium, Dryden Gold, FireFox Gold, Kirkland Lake, Klondike Gold, and Selkirk Copper
Rhea-AI Summary
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.
Positive
- Merger creates mid-tier producer targeting 200,000 oz Au annually
- Contango backed by >3 million oz gold and 100 million oz silver
- $100 million+ cash position supporting Contango's growth strategy
- Dryden funded 32,000-metre drill program across 700 km²
- Kirkland Lake running a 25,000-metre drill program with a 442,000-oz historic asset
- Selkirk advancing a 50,000-metre program with a PEA targeted this year
Negative
- Critical Elements financing is conditional, not yet finalized
- Selkirk's production target is projected for mid-2028, subject to delays
- Klondike's resource update is targeted for 2027, a multi-year timeline
News Market Reaction – CTGO
On the day this news was published, CTGO declined 2.77%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer moves were mixed: HYMC up 7.69% while GORO was down 4.46%. With the target’s intraday direction unspecified, this looks more stock-specific than a clear sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 23 | Merger proxy filed | Positive | +3.9% | Definitive proxy mailed for Dolly Varden arrangement and special meeting details. |
| Feb 17 | Operations and hedging update | Negative | -7.5% | Update on Johnson Tract permitting, Manh Choh operations and sizable hedge settlements. |
| Feb 12 | Financing webinar | Negative | -9.1% | Webcast announced to discuss recent financing aimed at reducing hedge book. |
| Feb 12 | Offering closed | Negative | -9.1% | Closed underwritten equity and pre-funded warrant offering raising about $50M gross. |
| Feb 11 | Offering announced | Negative | +0.9% | Announced $50M underwritten equity and pre-funded warrant offering for hedge buybacks. |
Recent financing and hedge-related headlines often coincided with negative reactions, while the merger proxy and arrangement news saw a positive response.
Over the last weeks, Contango reported several capital markets and strategic milestones. On Feb 11–12, 2026, it announced and then closed a roughly $50 million underwritten offering of common stock and pre-funded warrants, mainly to repurchase gold hedge contracts and buy put options, which coincided with notable share price pressure. A Feb 17 corporate update detailed Johnson Tract permitting progress, Manh Choh operations and sizeable hedge settlements, again followed by weakness. By Feb 23, the filing and mailing of the proxy for the Dolly Varden arrangement produced a positive price reaction, underscoring investor focus on the merger’s potential.
Market Pulse Summary
This announcement places Contango alongside a group of growth-oriented precious and base metals developers, emphasizing its planned merger into Contango Silver & Gold with meaningful gold, silver and cash backing. Recent history shows active balance sheet management, hedge adjustments, and an impending shareholder vote on the Dolly Varden arrangement. Investors may monitor execution on merger approvals, hedge book reduction, and project development milestones as the main drivers of future value perception.
Key Terms
preliminary economic assessment financial
AI-generated analysis. Not financial advice.
Watch on BNN Bloomberg national
Wednesday, Feb 25 at 7:30 PM EST & Saturday, Feb 28 at 8 PM EST
Tune into BTV and Discover Investment Opportunities.
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - This week, BTV - Business Television we feature growth-focused mining companies advancing major projects across North America and Europe. From emerging producers and strategic combinations to high-grade exploration and critical mineral development, this episode highlights the next wave of opportunity in the resource sector, including:
Contango Ore (NYSE American: CTGO): is merging with Dolly Varden Silver (TSXV: DV) (NYSE American: DVS) to form Contango Silver & Gold, a new mid-tier producer targeting 200,000 ounces of gold and up to 6 million ounces of silver annually. Backed by more than 3 million ounces of gold, 100 million ounces of silver, and over US
Critical Elements Lithium Corporation (TSXV: CRE) (OTCQX: CRECF): Backed by conditional government funding and conditional institutional debt support, Critical Elements is advancing one of North America's most advanced construction-ready lithium assets. As EV-driven lithium demand continues to surge globally, the company is positioned to move toward production once project financing is completed, with key permits secured and engineering well advanced.
Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF): BTV explores Dryden's push to unlock a high-grade gold district in northwest Ontario, where drilling has expanded known structures from three to over twelve. With road access and a fully funded 32,000-metre program underway, momentum is building across its 700 km² land package.
FireFox Gold (TSXV: FFOX) (OTCQB: FFOXF): is chasing multiple high-grade discoveries in Finland's Central Lapland Greenstone Belt, where strong results and experienced explorers are working to unlock Europe's next major gold district.
Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) is testing fresh targets in the storied Abitibi camp with a 25,000-metre drill program and a historic 442,000-ounce asset open at depth. Regular assays are expected to guide the next phase of growth.
Klondike Gold Corp. (TSXV: KG) (OTCQB: KDKGF): Uncovering the bedrock source of the legendary Klondike Gold Fields, the company is revealing kilometre-scale mineralization and new high-grade veins through ongoing drilling. With exploration advancing across its 727 km² district, an expanded resource update is targeted for 2027.
Selkirk Copper Mines Inc. (TSXV: SCMI) (OTCQB: SKRKF): A copper comeback story in the making, advancing toward a Yukon restart with infrastructure in place, an updated 2025 resource, and a 50,000-metre drill program fueling momentum. A preliminary economic assessment is targeted this year, with production envisioned by mid-2028.
About BTV - Business Television / BTV The Agency:
For 28 years, BTV - Business Television has been on the air as the go-to half-hour investment show for savvy investors, delivering exclusive on-location interviews and actionable insights with emerging companies, industry leaders, and market experts. Hosted by Taylor Thoen and Jessica Katrichak, BTV provides investors with direct access to executive teams and compelling investment opportunities not found anywhere else.
Discover Investment Opportunities.
BTV The Agency is a capital markets-focused B2B TV production and digital marketing agency serving publicly traded and financial companies. Through strategic content creation and extensive distribution across top-tier networks including Bloomberg, CNBC, FOX Business News, and leading financial platforms, the agency helps companies reach investors, advisors, and institutions-building brand credibility and driving national retail and institutional investor awareness.
BTV SHOW BROADCAST NETWORKS and TIMES:
CANADA:
Airing on BNN Bloomberg!
- Wednesday, Feb 25 @ 7:30pm ET
- Saturday, Feb 28 @ 8:00pm ET
US National TV:
Biz Television Network -
- Sun, March 1 @ 1:00pm ET
- Mon, March 2 @ 8:30am ET
- Tues, March 3 @ 8:30pm & 11:30PM EST
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285243
FAQ
What does the Contango merger mean for CTGO shareholders?
Is Critical Elements (CRE/CRECF) fully financed to build its lithium project?
What drilling programs did BTV highlight for Dryden Gold (DRY/DRYGF)?
What are Selkirk Copper (SCMI/SKRKF) near-term milestones and timeline?
What is Kirkland Lake Discoveries' (KLDC/KLKLF) exploration focus and scale?
