Holland & Knight Advises Contango ORE on $50 Million Underwritten Offering of Common Stock and Pre-Funded Warrants

HOUSTON (February 20, 2026) – Holland & Knight represented Contango ORE Inc. (NYSE American: CTGO), an Alaskan-based gold exploration, development and production company, in its underwritten registered direct offering of shares of the company's common stock and pre-funded warrants. The offering closed on February 12.

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 warrants.

Contango intends to use the net proceeds of the offering to buy back gold hedge contracts and purchase gold put contracts for downside protection. Any remaining proceeds will be used for general corporate purposes, including working capital.

Canaccord Genuity acted as sole bookrunner for the offering. Cantor, National Bank of Canada Capital Markets and ATB Cormark Capital Markets acted as co-managers for the offering.

Holland & Knight Partners Paul Monsour (Capital Markets) and Tim Samson (Corporate) led the Firm's representation of Contango. They were assisted by Partner Ryan Phelps (Tax) and Associates Eric Alborn (Capital Markets) and Paige Meno (Corporate).

More information on the transaction can be found here.