Contango ORE, Inc. Initial Statement of Beneficial Ownership

Contango Silver & Gold Inc. director Forrester A. Clark III filed an initial ownership report showing direct holdings of 23,605 shares of common stock.

Rhea-AI Filing Summary

Contango Silver & Gold Inc. director Forrester A. Clark III filed an initial ownership report showing direct holdings of 23,605 shares of common stock. He also holds fully vested replacement stock options, including 10,325 shares at $13.86, 5,452 shares at $14.74, and 4,667 shares at $17.54, expiring between February 2027 and February 2030, originally issued before Contango’s acquisition of Dolly Varden Silver Corporation.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Clark III Forrester A.

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option (right to buy)	--	--	--
holding	Stock Option (right to buy)	--	--	--
holding	Stock Option (right to buy)	--	--	--
holding	Common Stock, par value $0.01	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 20,444 contracts (Direct); Common Stock, par value $0.01 — 23,605 shares (Direct)

Footnotes (1)

1. F1. These stock options are replacement options issued prior to Contango's acquisition of Dolly Varden Silver Corporation. The stock options are fully vested.

Key Figures

Direct common shares: 23,605 shares Option grant 1 exercise price: $13.86/share Option grant 1 underlying shares: 10,325 shares +4 more

7 metrics

Direct common shares 23,605 shares Direct CTGO common stock held following Form 3

Option grant 1 exercise price $13.86/share Stock option over 10,325 CTGO shares expiring February 25, 2027

Option grant 1 underlying shares 10,325 shares Underlying CTGO common stock for $13.86 options

Option grant 2 exercise price $14.74/share Stock option over 5,452 CTGO shares expiring March 28, 2029

Option grant 2 underlying shares 5,452 shares Underlying CTGO common stock for $14.74 options

Option grant 3 exercise price $17.54/share Stock option over 4,667 CTGO shares expiring February 28, 2030

Option grant 3 underlying shares 4,667 shares Underlying CTGO common stock for $17.54 options

Key Terms

Stock Option (right to buy), replacement options, fully vested, Common Stock, par value $0.01

4 terms

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)" with underlying CTGO common stock"

replacement options financial

"These stock options are replacement options issued prior to Contango's acquisition"

fully vested financial

"The stock options are fully vested."

Common Stock, par value $0.01 financial

"security_title: "Common Stock, par value $0.01""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 06:30 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Clark III Forrester A.

(Last) (First) (Middle)

516 2ND AVENUE

SUITE 401

(Street)

FAIRBANKS ALASKA 99701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/02/2026

3. Issuer Name and Ticker or Trading Symbol
Contango Silver & Gold Inc. [ CTGO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01	23,605	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	02/25/2027	Common Stock	10,325	$13.86	D
Stock Option (right to buy)	(1)	03/28/2029	Common Stock	5,452	$14.74	D
Stock Option (right to buy)	(1)	02/28/2030	Common Stock	4,667	$17.54	D

Explanation of Responses:

1. These stock options are replacement options issued prior to Contango's acquisition of Dolly Varden Silver Corporation. The stock options are fully vested.

Remarks:

Exhibit List: 24.1 - Power of Attorney

	/s/ Mike Clark as Attorney in fact for Tim Clark	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)