Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On July 9, 2025, the Company issued 11,216 shares of Contango common stock to Avidian Gold Corp.
−Removed: (“Avidian”) in satisfaction of the balance of the equity consideration that was due to Avidian in connection with the Company’s purchase of Avidian’s 100% owned
−Removed: Alaskan subsidiary, Avidian Gold Alaska Inc.
−Removed: The shares were issued in reliance upon an exemption from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act.
−Removed: Other than as described above, there were no sales of unregistered equity securities during the third quarter of 2025.
+Added: None, other than the issuances previously reported on the Company’s Current Report on Form 8‑K filed on March 27, 2026.
Mine Safety Disclosures
2 unchanged sentences
Department of Labor’s Mine Safety and Health Administration (“MSHA”).
−Removed: The Company does not serve as the manager of the Peak Gold JV or operator of the Manh Choh mine, and all of its other projects are in the exploration stage.
−Removed: Accordingly, during the nine months ended September 30, 2025, the Company and its properties or operations were not subject to regulation by MSHA under the Mine Act and, thus, no disclosure is required under Section 1503(a) of the Dodd-Frank Act or subpart 104 of Regulation S-K.
+Added: The Company holds a 30% membership interest in the Peak Gold JV, which owns the Manh Choh Project in Alaska.
+Added: The Company does not serve as the manager of the Peak Gold JV or the operator of the Manh Choh mine.
+Added: KG Mining (Alaska), Inc., an indirect wholly-owned subsidiary of Kinross Gold Corporation, serves as manager of the Peak Gold JV, which operates the Manh Choh mine.
+Added: Accordingly, the Company is not considered an “operator” with respect to the Manh Choh Project as defined under Section 3 of the Mine Act.
+Added: The Company’s other mineral properties, including the Lucky Shot Project, Kitsault Valley Project, Johnson Tract Project, and the Avidian Properties, are in the exploration or development stage.
+Added: At the Lucky Shot Project, where the Company conducts exploration activities at these properties, including underground drilling programs, the Company received one citation from the MSHA for late filing of MSHA Form 7000-2 (Quarterly Mine Employment and Coal Production Report) reporting employee hours worked on site.
+Added: The Form 7000-2 report was filed approximately 30 days late due to a miscommunication with the local MSHA office.
+Added: Although Lucky Shot is not currently in production, MSHA reporting obligations applied to these activities.
+Added: Except for the citation described above, during the three months ended March 31, 2026, and for all periods thereafter through the filing date of this Form 10-Q, the Company and its properties were not subject to any of the matters requiring disclosure under Section 1503(a) of the Dodd-Frank Act or Item 104 of Regulation S-K, including:
+Added: (i) notices of violations of mandatory health or safety standards issued under Section 104 of the Mine Act;
+Added: (ii) orders issued under Sections 104(b) or 107(a) of the Mine Act;
+Added: (iii) citations or orders for unwarrantable failure to comply with mandatory health or safety standards under Section 104(d) of the Mine Act;
+Added: (iv) flagrant violations under Section 110(b)(2) of the Mine Act;
+Added: (v) imminent danger orders issued under Section 107(a) of the Mine Act;
+Added: (vi) proposed assessments from MSHA;
+Added: (vii) legal actions pending before the Federal Mine Safety and Health Review Commission;
+Added: (viii) legal actions instituted by MSHA;
+Added: or (ix) mining-related fatalities.
+Added: Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95.1 to this Form 10-Q.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.