Contango Lucky Shot Alaska, LLC acquired 100% ownership of the Lucky Shot project from Alaska Hardrock Inc. (AHI). Total consideration is $16,074,000, consisting of $6,074,000 in cash and a $10,000,000 secured promissory note. The acquisition effectively terminates the 2% net smelter returns (NSR) royalty previously payable to AHI. The company also reported positive underground diamond drilling results from the Lucky Shot project, confirming high-grade gold mineralization. A new 800-meter underground development program is scheduled to commence in mid-May 2026 to support a feasibility study targeted for H1 2027.