Business
Contango ORE Set to Join Russell 3000® and Russell Microcap Indexes
HOUSTON / May 30, 2023 / Business Wire / Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that, according t
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"HOUSTON / May 30, 2023 / Business Wire / Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that, according to a preliminary list of additions posted on May 19, 2023, Contango is set to join the broad-market Russell 3000® and Russell Microcap® Indexes at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023. Rick Van Nieuwenhuyse, the Company’s President and Chief Executive Officer said: “We are pleased with Contango’s inclusion on the Russell 3000® index preliminary list as it marks another important milestone for the Company, and with it will bring broader market awareness for the Company as we advance the Manh Choh project to production.” The annual reconstitution process for the Russell indexes captures the 4,000 largest U.S. stocks as of April 28, 2023, ranking them by total market capitalization. Membership in the U.S. All-Cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the Large-Cap Russell 1000® Index or Small-Cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the \"Russell Reconstitution\" section on the FTSE Russell website. With all the news flow expected throughout the month of May, we will be hosting a corporate update to go over all our recent news at the end of the month. Please use this link to register to our live event: https://my.6ix.com/STEXS5np ABOUT CORE CORE is a company that engages in the exploration in Alaska for gold and associated minerals through a 30% interest in Peak Gold LLC (“PGJV”), which leases approximately 675,000 acres for exploration and development, and through a 100% owned subsidiary, Contango Minerals Alaska, LLC, which leases approximately 200,000 acres for exploration. The Company also owns the rights to the Lucky Shot, Coleman and War Baby mines, and approximately 16,600 acres of surrounding mini...