Contango ORE - Update on Feb 2026 Financing | Contango ORE

The investment idea is to create a company similar to Hecla but at a much smaller market capitalization, offering significant growth potential. The combined Contango Silver and Gold will be a roughly $1 billion market cap company listed on the NYSE and TSX. It will have over $100 million in cash and is projected to generate over $100 million in annual free cash flow at current metal prices. The company has a five-year plan to advance its projects, all fitting a high-grade, direct-shipping ore (DSO) model near existing infrastructure. This plan aims to achieve production of 200,000 ounces of gold and 5-6 million ounces of silver. The company controls four high-quality exploration districts in the safe jurisdiction of North America: Mancho, Lucky Shot, Johnson Track, and the Kitsault Valley project. These districts, including brownfield sites like the historically producing Torbrit mine, offer substantial exploration upside. The recent financing de-risks the company by allowing it to buy back gold hedge contracts, increasing its exposure to the upside in the gold price. The strategy is backed by major institutional shareholders who believe in the business model and the future of gold. This positions the company as a strong investment opportunity with a clear growth profile.