Contango ORE Relocates Principal Executive Offices to Fairbanks, Alaska
Ticker: CTGO · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1502377
| Field | Detail |
|---|---|
| Company | Contango Ore, INC. (CTGO) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, address-change, administrative
TL;DR
**Contango ORE moved its main office to Alaska, likely to be closer to its mining operations.**
AI Summary
Contango ORE, Inc. filed an 8-K on January 18, 2024, primarily to update its business address from 3700 Buffalo Speedway, Suite 925, Houston, TX 77098 to 516 2nd Avenue, Suite 401, Fairbanks, Alaska 99701. This change signifies a relocation of their principal executive offices, potentially moving closer to their gold and silver ore operations. For investors, this could indicate a strategic shift towards more direct operational oversight, which might impact efficiency and future project development.
Why It Matters
The relocation of Contango ORE's principal executive offices to Fairbanks, Alaska, suggests a strategic move closer to their core gold and silver ore operations, potentially streamlining management and operational efficiency. This could lead to better resource allocation and project execution, which might positively impact the company's long-term value for shareholders.
Risk Assessment
Risk Level: low — This filing primarily reports a change of address, which is a routine administrative update and does not inherently pose significant financial or operational risks.
Analyst Insight
Investors should monitor future filings and company announcements for any operational changes or strategic initiatives that might stem from this relocation, as it could signal a more hands-on approach to their mining assets.
Key Players & Entities
- Contango ORE, Inc. (company) — the registrant
- Fairbanks, Alaska (location) — new principal executive offices address
- Houston, TX (location) — former principal executive offices address
- January 18, 2024 (date) — date of earliest event reported
- 001-35770 (other) — Commission File Number
Forward-Looking Statements
- Contango ORE will experience increased operational efficiency due to closer proximity to mining sites. (Contango ORE, Inc.) — medium confidence, target: 2025-01-18
FAQ
What was the former address of Contango ORE, Inc.'s principal executive offices?
The former address of Contango ORE, Inc.'s principal executive offices was 3700 Buffalo Speedway, Suite 925, Houston, TX 77098.
What is the new address of Contango ORE, Inc.'s principal executive offices?
The new address of Contango ORE, Inc.'s principal executive offices is 516 2nd Avenue, Suite 401, Fairbanks, Alaska 99701.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 18, 2024.
What is Contango ORE, Inc.'s trading symbol and on which exchange is it registered?
Contango ORE, Inc.'s trading symbol is CTGO, and its common stock is registered on NYSE American LLC.
What is the state of incorporation for Contango ORE, Inc.?
Contango ORE, Inc. is incorporated in Delaware.
Filing Stats: 894 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-01-18 19:37:37
Key Financial Figures
- $0.01 — ich registered Common Stock, Par Value $0.01 per share CTGO NYSE American LLC
Filing Documents
- a53885047.htm (8-K) — 32KB
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- a53885047ex99_1slide24.jpg (GRAPHIC) — 130KB
- 0001157523-24-000080.txt ( ) — 6711KB
- ctgo-20240118.xsd (EX-101.SCH) — 4KB
- ctgo-20240118_def.xml (EX-101.DEF) — 17KB
- ctgo-20240118_lab.xml (EX-101.LAB) — 26KB
- ctgo-20240118_pre.xml (EX-101.PRE) — 19KB
- a53885047_htm.xml (XML) — 6KB
01
Item 7.01. Regulation FD Disclosure . On January 18, 2024, the Company made available a new corporate presentation. A copy of this presentation titled "Building Alaska's Next Gold Mines" is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is available on the Company's website at www.contangoore.com . The Company's presentation furnished as Exhibit 99.1 to this Current Report contains non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or GAAP. Reconciliations of these non-GAAP financial measures are not included in the furnished presentation due to the inherent difficulty and impracticality of quantifying certain amounts that would be required to calculate the most directly comparable GAAP financial measures. In addition, certain of the non-GAAP financial measures have been prepared by Kinross Gold Corporation, the Company's partner in, and the manager of, Peak Gold, LLC, a joint venture company in which the Company currently holds a 30% interest, and are based on International Financial Reporting Standards (IFRS) accounting standards and detailed information to which the Company has not had access to at this time. As a result, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. The information included herein and in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. Cautionary Note Re
Financial Statements and
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Building Alaska's Next Gold Mines, dated January 18, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONTANGO ORE, INC. By: /s/ Mike Clark Mike Clark Chief Financial Officer and Secretary Dated: January 18, 2024