Business
CONTANGO PROVIDES UPDATE ON FINANACING AND EXPLORATION PLANS
Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), announces that it will hold a webinar on Friday, September 26, 2025 at 2:00pm EST (11:00am PST) to discuss its recently closed $50 million financing and plans for the use of proceeds to advance exploration and development at its Lucky Shot and Johnson Tract properties.
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"FAIRBANKS, Alaska, Sept. 26, 2025 /CNW/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), announces that it will hold a webinar on Friday, September 26, 2025 at 2:00pm EST (11:00am PST) to discuss its recently closed $50 million financing and plans for the use of proceeds to advance exploration and development at its Lucky Shot and Johnson Tract properties.","length":403,"tagName":"p"},{"type":"image","alt":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","displaySize":"","headline":null,"caption":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/692c4ce52b6a0e9df5fbc59ad125e34a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DUrxDAm9H92s9Pbqas5jAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/692c4ce52b6a0e9df5fbc59ad125e34a","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2782729/Contango_Ore_CONTANGO_PROVIDES_UPDATE_ON_FINANACING_AND_EXPLORAT.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 ("DSO") 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."","length":905,"tagName":"p"},{"type":"text","content":"CONFERENCE CALL AND WEBCAST DETAILS","length":35,"tagName":"p"},{"type":"text","content":"Contango will host a conference call and webcast to discuss this financing and its use of proceeds and exploration plans on Friday, Se...