Contango Provides Exciting Update from 'Alaska On The Hill' Event in Washington DC

Contango's Presence in Washington DC

This week, Contango ORE, Inc. took a significant step in advocating for the Alaskan economy by participating in the annual 'Alaska On The Hill' event held in Washington DC. With approximately 120 representatives from various Alaskan businesses, the company aimed to highlight Alaska's unique business landscape and address critical issues affecting the state's future. Contango’s President and CEO, Rick Van Nieuwenhuyse, expressed enthusiasm about meeting with lawmakers and other stakeholders to showcase the immense potential of the mining industry in Alaska.

The Significance of Mining in Alaska

During the event, Van Nieuwenhuyse underscored the importance of mining operations not just for Contango but for the broader Alaskan economy. He specifically discussed the ongoing production at the Manh Choh gold mine and provided an update on the development of two key projects: Lucky Shot and Johnson Tract. The latter has received significant attention under the current administration due to its potential for producing critical metals, including gold, silver, copper, and zinc.

The state of Alaska plays a central role in the U.S. mining landscape, and the Trump administration's support further emphasizes the strategic significance of its resources. With plans to produce 60,000 ounces of gold from Manh Choh this year, Contango is poised to make a substantial impact on the local and national economy. The company is gearing up for its second campaign excavation of the year, set to begin mid-May, marking a critical period for its operations.

Upcoming Developments

In addition to the ongoing production efforts, Contango is preparing to release its Preliminary Economic Assessment (PEA) for the Johnson Tract project next week. This report is anticipated to provide insights into the project's viability and expected outputs, catalyzing further interest from potential investors and partners.

Investors and stakeholders are eagerly awaiting the upcoming Q1-2025 financial results, which are expected to highlight the company's successful transition in the mining sector and outline future expectations. As the mining industry experiences a renewed focus, especially in Alaska, Contango's initiatives echo the growing optimism in resource exploration and development.

Through participation in vital discussions at the federal level and ongoing projects that promise substantial returns, Contango ORE stands at the forefront of the mining sector. With committed leadership and a clear vision for growth, the company continues to navigate the complexities of mining while advocating for the economic prosperity of Alaska.

About Contango ORE, Inc.

Contango ORE, Inc. is publicly traded on the NYSE American under the ticker CTGO. The company specializes in the exploration of gold and other associated minerals throughout Alaska. Holding a 30% stake in the Peak Gold Joint Venture, which covers approximately 675,000 acres within the Manh Choh project, Contango collaborates with several partners including Kinross Gold Corporation.

In addition to its active projects, Contango is also responsible for various significant mining claims throughout Alaska, consolidating its position as a leading explorer in the region. For more detailed information about their operations and future projects, you can visit their official website at www.contangoore.com.

Looking Ahead

As Contango continues to advocate for Alaska's mining interests, the ongoing support from federal entities and collaborative efforts with local businesses stand to significantly enhance the economic landscape of the state. With the spotlight on Alaska's rich resources and Contango's strategic initiatives, the future looks promising not just for the company but for the entire Alaskan economy.