secwatch.observer — SEC 8-K summary
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Issuer:     Contango Silver & Gold Inc. (CTGO)
CIK:        0001502377
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-057344
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502377/000119312526057344/0001193125-26-057344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502377/000119312526057344/ctgo-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-057344

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer