Contango ORE to Strengthen Position with Dolly Varden Acquisition in Precious Metals Industry

Contango ORE Moves to Consolidate Market Position in Precious Metals Sector

Contango ORE, Inc. ("Contango") is poised to enhance its standing within the North American precious metals industry through a strategic acquisition of Dolly Varden Silver Corporation. Scheduled for decision on March 17, 2026, at a Special Meeting, this Arrangement—where Contango will acquire all outstanding common shares of Dolly Varden—has received endorsements from prominent independent proxy advisory firms, including Institutional Shareholder Services (ISS). With each share of Dolly Varden exchanging for 0.1652 common shares of Contango, the move signals a calculated effort by the company to consolidate its assets and expertise in a market characterized by increased competition and evolving consumer demand for precious metals.

CEO Rick Van Nieuwenhuyse emphasizes that the support from ISS underscores the multiple strategic benefits of this Arrangement. The acquisition aims to create a more formidable entity in the precious metals sector, poised to leverage greater operational efficiencies and expand explorative ventures. A fairness opinion issued by Canaccord Genuity Corp. confirms that the proposed exchange ratio is favorable for Contango’s stockholders, further validating the strategic rationale behind the move. Post-completion of the Arrangement, Contango stockholders will maintain approximately 50% ownership in the new pro forma company, thus aligning their interests with the growth and success of the merged entity.

As the deadline for proxy voting approaches on March 13, 2026, Contango is urging stockholders to participate actively in this significant decision. The company is taking proactive steps to ensure that investors can navigate the voting process, including offering assistance through Laurel Hill Advisory Group. This commitment to shareholder engagement not only strengthens trust but signals Contango’s readiness to lead in a competitive landscape. By pursuing this strategic acquisition, Contango not only positions itself to enhance its exploration capabilities but also sets a foundation for sustained growth and market relevance in the precious metals sector.

In addition to the imminent vote, Contango's leadership remains focused on expanding its exploration and asset portfolio to capitalize on emerging opportunities in the precious metals market. The movement towards consolidation reflects broader industry trends, where companies emphasize strategic partnerships to navigate market fluctuations and enhance operational strength.

Ultimately, this Arrangement embodies Contango's strategic initiative to establish itself as a leader in the North American precious metals domain, underlining its commitment to growth and innovation in a rapidly evolving industry.