Holland & Knight Advises Contango Ore on $50 Million Registered Offering of Common Stock

HOUSTON (October 3, 2025) – Holland & Knight represented Contango ORE Inc. (NYSE: CTGO), an Alaskan-based gold exploration and development company, in its registered offering of 1,975,000 shares of the company's common stock at an offering price of $20.00 per share to two institutional investors. Contango also offered a pre-funded warrant to purchase 525,000 shares of its common stock at a purchase price of $19.99 per share, which equals the offering price per share of the common stock less the $0.01 exercise price per share of each pre-funded warrant. The offering closed on September 26.

Aggregate gross proceeds from the offering are approximately $50 million, before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of the pre-funded warrant.

Contango intends to use the net proceeds from the offering to advance its fully permitted Lucky Shot project to a mine production decision over the next two years. Proceeds will also be used to advance the company's Johnson Tract project, subject to receipt of appropriate permits. Any remaining proceeds will be used for general corporate purposes, including working capital.

Canaccord Genuity acted as sole bookrunner for the offering. Cormark Securities acted as lead manager, and Maxim Group LLC, Roth Capital Partners and Freedom Capital Markets acted as co-managers for the offering.

Holland & Knight Partners Paul Monsour and Tim Samson (Capital Markets) led the Firm's representation of Contango. They were assisted by Partner Andy Flint (Financial Services), Partner Ryan Phelps (Tax) and Associate Eric Alborn (Capital Markets).

More information on the transaction can be found here.