On November 13, 2026, Contango Silver & Gold Inc. entered into a Controlled Equity Offering SM Sales Agreement with Cantor Fitzgerald & Co. as the Lead Agent and a group of Co-Agents, including ATB Capital Markets USA Inc., BTIG, LLC, Canaccord Genuity LLC, Haywood Securities Inc., National Bank Financial Inc., Freedom Capital Markets, Maxim Group LLC, and Research Capital USA Inc.

Under the terms of the agreement, the Company may offer and sell shares of its common stock, par value $0.01 per share, having an aggregate offering price of up to $75,000,000. The offering is registered under the Securities Act of 1933 pursuant to the Company’s shelf registration statement on Form S-3ASR (File No. 333-297038), which became effective upon filing on June 25, 2026.

Sales of the shares may be made in transactions that are deemed to be "at the market offerings" as defined in Rule 415(a)(4) under the Securities Act. The Company is not obligated to sell any shares under the Sales Agreement. The Agents will use commercially reasonable efforts to sell the shares from time to time based on the Company's instructions.

The Company will pay the Agents a commission of up to 3.00% of the gross proceeds from each sale of shares made through the Agents pursuant to the Sales Agreement. The agreement contains customary representations, warranties, indemnification obligations, and termination provisions.