Contango Ore prices $50M underwritten offering of 1.68M shares and pre-funded warrants

Contango Silver & Gold Inc.

Gross proceeds ~$50M; net proceeds expected ~$47.2M after underwriting discounts.
Offering: 1,678,206 shares at $24.96/share and pre-funded warrants for 325,000 shares at $24.95/share.
Company plans to use ~$45M net proceeds to buy back gold hedge contracts and ~$700k for gold put contracts.
Closing expected on or about February 12, 2026, subject to customary conditions.
Canaccord Genuity is sole bookrunner; offering under effective shelf registration statement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Contango Silver & Gold Inc. entered into Underwriting Agreement with Canaccord Genuity LLC as representative of the several underwriters valued at approximately $47.2 million (effective 2026-02-11).

Action: entry
Agreement: underwriting
Counterparty: Canaccord Genuity LLC as representative of the several underwriters
Value: approximately $47.2 million
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Contango ORE, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Canaccord Genuity LLC as representative of the several underwriters named therein, relating to an underwritten public offering to two institutional investors (the “Offering”) of (i) 1,678,206 shares (the “Shares”) of the Company’s common stock, $0.01 par value (the “Common Stock”), at a public offering price of $24.96 per share and (ii) a pre-funded warrant to purchase up to 325,000 shares of Common Stock (the “Pre-Funded Warrant”), at a purchase price of $24.95 per share with an exercise price of $0.01 per share.

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Contango Silver & Gold Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-047822

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