Contango Ore closes $50M offering, settles $46.4M in hedges, Johnson Tract on FAST-41

Contango Silver & Gold Inc.

Closed $50M underwritten offering: 1,678,206 shares at $24.96 and 325,000 pre-funded warrants at $24.95 to institutional investors.
Johnson Tract permitting placed on FAST-41 Dashboard on Jan 30, 2026; first permit application submitted Feb 2.
Manh Choh mine commenced Campaign #1-2026 on Feb 5, processing through Fort Knox mill with no interruption after conveyor fire.
Paid $46.38M to settle 15,446 oz of gold hedges at avg $2,025/oz; bought 15,446 puts at $4,000 strike for price protection.
Remaining gold hedges: 11,000 oz in 2026 and 15,000 oz in first half of 2027.

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