Contango ORE, Inc. has announced the closing of an underwritten public offering, raising approximately $50 million in gross proceeds. The offering included 1,975,000 shares of common stock at $20.00 per share and pre-funded warrants for 525,000 shares at $19.99 per warrant. Canaccord Genuity served as the sole bookrunner, with Cormark Securities as lead manager and Maxim Group, Roth Capital Partners, and Freedom Capital Markets as co-managers. Contango plans to use the net proceeds to advance its fully permitted Lucky Shot project toward a mine production decision by conducting drilling and underground development. Additional funds will support progress on the Johnson Tract project, including equipment mobilization, camp winterization, road construction, and the start of an exploration tunnel, as well as ongoing permitting and feasibility planning. Remaining proceeds will be used for general corporate purposes and working capital.