What is Contango ORE?
Formed in 2010 and headquartered in Fairbanks, Alaska, Contango ORE, Inc. is a Delaware-based entity dedicated to the exploration and development of gold and mineral resources within Alaska. The company, operating through its subsidiary CORE Alaska, played a pivotal role in co-founding Peak Gold, LLC. This joint venture saw Contango ORE divest a minority stake to a subsidiary of Kinross Gold in 2020, signaling a strategic move within the competitive mining landscape.
How much funding has Contango ORE raised?
Contango ORE has raised a total of $10.9M across 1 funding round:
Share Placement
$10.9M
Share Placement (2021): $10.9M with participation from Alaska Future Fund
Key Investors in Contango ORE
Alaska Future Fund
The Alaska Future Fund is an investor participating in the funding round, likely focused on resource development within the state.
What's next for Contango ORE?
The recent major strategic investment in Contango ORE suggests a phase of accelerated growth and potential expansion of its exploration and development activities in Alaska. This enterprise-level backing is likely to fuel further resource discovery and operational scaling, positioning the company to capitalize on its Alaskan mineral assets. Future endeavors may involve deepening partnerships and advancing existing projects towards production.
See full Contango ORE company page
