Contango ORE Set to Join Russell 3000® and Russell Microcap Indexes
30 Mayo 2023 - 6:00AM
Business Wire
Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE
American: CTGO) is pleased to announce that, according to a
preliminary list of additions posted on May 19, 2023, Contango is
set to join the broad-market Russell 3000® and Russell Microcap®
Indexes at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the US market opens on June 26,
2023.
Rick Van Nieuwenhuyse, the Company’s President and Chief
Executive Officer said: “We are pleased with Contango’s inclusion
on the Russell 3000® index preliminary list as it marks another
important milestone for the Company, and with it will bring broader
market awareness for the Company as we advance the Manh Choh
project to production.”
The annual reconstitution process for the Russell indexes
captures the 4,000 largest U.S. stocks as of April 28, 2023,
ranking them by total market capitalization. Membership in the U.S.
All-Cap Russell 3000® Index, which remains in place for one year,
means automatic inclusion in the Large-Cap Russell 1000® Index or
Small-Cap Russell 2000® Index as well as the appropriate growth and
value style indexes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell's US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell Microcap® Index and the
Russell indexes reconstitution, go to the "Russell Reconstitution"
section on the FTSE Russell website.
With all the news flow expected throughout the month of May, we
will be hosting a corporate update to go over all our recent news
at the end of the month. Please use this link to register to our
live event: https://my.6ix.com/STEXS5np
ABOUT CORE
CORE is a company that engages in the exploration in Alaska for
gold and associated minerals through a 30% interest in Peak Gold
LLC (“PGJV”), which leases approximately 675,000 acres for
exploration and development, and through a 100% owned subsidiary,
Contango Minerals Alaska, LLC, which leases approximately 200,000
acres for exploration. The Company also owns the rights to the
Lucky Shot, Coleman and War Baby mines, and approximately 16,600
acres of surrounding mining claims located in the Willow Mining
District about 75 miles north of Anchorage, Alaska. Additional
information can be found on our web page at
www.contangoore.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements regarding
CORE that are intended to be covered by the safe harbor for
“forward-looking statements” provided by the Private Securities
Litigation Reform Act of 1995, based on CORE’s current expectations
and includes statements regarding future results of operations,
quality and nature of the asset base, the assumptions upon which
estimates are based and other expectations, beliefs, plans,
objectives, assumptions, strategies or statements about future
events or performance (often, but not always, using words such as
“expects”, “projects”, “anticipates”, “plans”, “estimates”,
“potential”, “possible”, “probable”, or “intends”, or stating that
certain actions, events or results “may”, “will”, “should”, or
“could” be taken, occur or be achieved). Forward-looking statements
are based on current expectations, estimates and projections that
involve a number of risks and uncertainties, which could cause
actual results to differ materially from those, reflected in the
statements. These risks include, but are not limited to: the risks
of the exploration and the mining industry (for example,
operational risks in exploring for, developing mineral reserves;
risks and uncertainties involving geology; the speculative nature
of the mining industry; the uncertainty of estimates and
projections relating to future production, costs and expenses; the
volatility of natural resources prices, including prices of gold
and associated minerals; the existence and extent of commercially
exploitable minerals in properties acquired by CORE or PGJV;
ability to realize the anticipated benefits of PGJV; potential
delays or changes in plans with respect to exploration or
development projects or capital expenditures; the interpretation of
exploration results and the estimation of mineral resources; the
loss of key employees or consultants; health, safety and
environmental risks and risks related to weather and other natural
disasters); uncertainties as to the availability and cost of
financing; CORE’s inability to retain or maintain its relative
ownership interest in PGJV; inability to realize expected value
from acquisitions; inability of our management team to execute its
plans to meet its goals; the extent of disruptions caused by the an
outbreak of disease, such as the COVID-19 pandemic; and the
possibility that government policies may change, political
developments may occur or governmental approvals may be delayed or
withheld, including as a result of presidential and congressional
elections in the U.S. or the inability to obtain mining permits.
Additional information on these and other factors which could
affect CORE’s exploration program or financial results are included
in CORE’s other reports on file with the U.S. Securities and
Exchange Commission. Investors are cautioned that any
forward-looking statements are not guarantees of future performance
and actual results or developments may differ materially from the
projections in the forward-looking statements. Forward-looking
statements are based on the estimates and opinions of management at
the time the statements are made. CORE does not assume any
obligation to update forward-looking statements should
circumstances or management’s estimates or opinions change.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230529005154/en/
Contango ORE, Inc. Rick Van Nieuwenhuyse (713) 877-1311
www.contangoore.com
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