GoldMining Inc. Files Early Warning Report

Rhea-AI Summary

GoldMining Inc. has announced the sale of 60,000 common shares of NevGold Corp. through a market transaction on the TSX Venture Exchange. Prior to the sale, GoldMining owned 26,056,150 NevGold shares (22.8% ownership), and after the disposition, the company now holds 25,996,150 shares, maintaining approximately the same 22.8% ownership percentage. The company will file an early warning report under National Instrument 62-103 on SEDAR+. GoldMining indicates that the share disposition was for investment purposes and states that future actions regarding their NevGold holdings will depend on market conditions and other factors.

Positive

• Company maintains significant strategic position with 22.8% ownership in NevGold Corp

Negative

• Reduction in investment position through sale of 60,000 NevGold shares
• Potential for future share dispositions indicated by the company

VANCOUVER, BC, June 9, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") has disposed of 60,000 common shares (the "Shares") of NevGold Corp. ("NevGold") pursuant to a market sale over the facilities of the TSX Venture Exchange.  

Prior to the disposition, the Company beneficially owned and had control and direction over 26,056,150 NevGGold Shares, representing approximately 22.8% of the outstanding NevGold Shares. After the disposition, the Company beneficially owns and has control and direction over, 25,996,150 NevGold Shares, representing approximately 22.8% of the outstanding NevGold Shares.

An early warning report (the "Report") will be filed by the Company pursuant to National Instrument 62-103 on SEDAR+ at www.sedarplus.ca under NevGold's profile. To obtain a copy of the Report, please contact Pat Obara, Chief Financial Officer of the Company, at GoldMining's address at 1188 West Georgia Street, Suite 1830, Vancouver, BC V6E 4A2 or by telephone at +1 (855) 630-1001.

The Company disposed of the Shares for investment purposes, and in the future, the Company may dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors.

About GoldMining Inc.

The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects and strategic investments in Canada, U.S.A., Brazil, Colombia, and Peru. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and 26 million shares of NevGold Corp. (TSXV: NAU). See www.goldmining.com for additional information.

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SOURCE GoldMining Inc.

FAQ

How many NevGold shares did GoldMining Inc. (GLDG) sell in June 2025?

GoldMining Inc. sold 60,000 common shares of NevGold Corp. through the TSX Venture Exchange.

What percentage of NevGold does GoldMining Inc. (GLDG) own after the share sale?

After the sale, GoldMining Inc. maintains approximately 22.8% ownership of NevGold, holding 25,996,150 shares.

Why did GoldMining Inc. (GLDG) sell its NevGold shares?

GoldMining Inc. disposed of the shares for investment purposes, with future actions dependent on market conditions and other relevant factors.

What regulatory filing is GoldMining Inc. (GLDG) required to submit for this transaction?

GoldMining Inc. is required to file an early warning report pursuant to National Instrument 62-103 on SEDAR+ under NevGold's profile.