---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-214743"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:04:02.897955+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Contango Silver & Gold acquires Lucky Shot for $16.1M; reports high-grade gold intercepts

## Summary
- Acquired Lucky Shot project for $16.074M: $300K deposit, $1.71M cash at signing, $4.06M at closing, $10M promissory note at 5% interest.
- Eliminated 2% NSR royalty by acquiring lease and royalty from Alaska Hardrock Inc.
- Drill highlights: LSU26064 returned 2.89m @ 16.06 g/t Au incl. 0.50m @ 74.20 g/t Au (CK Vein), LSU26063: 1.15m @ 16.47 g/t Au (L2 Vein).
- Planned 800m underground development to start mid-May 2026 for further drilling; feasibility study targeted H1 2027.
- CEO stated acquisition 'restores full value and control' and 'enhances project economics'.

## SEC filing metadata
- accession: 0001193125-26-214743
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000119312526214743/0001193125-26-214743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000119312526214743/ctgo-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-214743
- JSON: https://secwatch.observer/filing/0001193125-26-214743.json
- Plain text: https://secwatch.observer/filing/0001193125-26-214743.txt

## Source-grounded claims
- claim_id: 2ff6ba80a6a0f63a0182ec1152bf56af93e0f208
  claim: Contango Silver & Gold Inc. incurred loan of $10 million with Alaska Hardrock Inc. at 5%, compounded monthly maturing fourth anniversary of the Closing Date, or May 4, 2030.
  evidence_excerpt: On May 4, 2026, Contango Lucky Shot Alaska, LLC (“LSA”), a wholly-owned subsidiary of Contango Silver & Gold Inc. (“Contango” or the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) and executed a promissory note (the “Promissory Note”) with Alaska Hardrock Inc. (“AHI”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000119312526214743/0001193125-26-214743-index.htm
- claim_id: 5dc04a2d801cae0b23e4844906fdfbd3700df4ba
  claim: Contango Silver & Gold Inc. terminated Lease Agreement with Alaska Hardrock Inc. (effective 2026-05-04).
  evidence_excerpt: the 2% NSR Royalty contained in the Lease Agreement was effectively terminated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000119312526214743/0001193125-26-214743-index.htm
- claim_id: a5ee2f0e460aabba6a7ead496dd198de05577d19
  claim: Contango Silver & Gold Inc. entered into Purchase Agreement with Alaska Hardrock Inc. valued at $16,074,000 (effective 2026-05-04).
  evidence_excerpt: On May 4, 2026, Contango Lucky Shot Alaska, LLC (“LSA”), a wholly-owned subsidiary of Contango Silver & Gold Inc. (“Contango” or the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) and executed a promissory note (the “Promissory Note”) with Alaska Hardrock Inc. (“AHI”) to acquire 100% ownership of the Company’s Lucky Shot project
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000119312526214743/0001193125-26-214743-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.