CONTANGO ORE CLOSES $50 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND PRE-FUNDED WARRANTS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
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Source: PRnewswire
Public Offering Details: Contango ORE, Inc. has successfully closed a public offering of 1,975,000 common shares at $20.00 each, raising approximately $50 million in gross proceeds, which will be used to advance its Lucky Shot and Johnson Tract projects.
Use of Proceeds: The funds will support drilling and development work for the Lucky Shot project and road construction and exploration activities for the Johnson Tract project, along with general corporate purposes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
