GoldMining (GLDG) Stock News, Apr-Jul 2025

GoldMining Inc. (NYSE American: GLDG) has announced a strategic earn-in agreement with Australian Mines Limited (ASX:AUZ) for its Boa Vista Project in Brazil's Tapajós Gold Province. Under the agreement, AUZ can acquire up to an 80% interest in the project for total consideration of up to $7 million in cash and equity payments.

The earn-in agreement is structured in three options: First Option (51% interest) requires $3.978 million in exploration expenditures, including 6,000 meters of diamond drilling and establishing a JORC-compliant resource of at least 500,000 gold ounces. The Second Option (additional 19%) requires completion of a feasibility study with over 250,000 ounces of gold reserves. The Third Option (additional 10%) requires payment based on mineral resource values or AUD$5 million.

The Boa Vista Project, currently 84.05% owned by GoldMining, covers approximately 9,201 hectares in Pará State, Brazil. The project features significant gold mineralization, including the VG1 prospect with a 2-kilometer-long gold-in-soil anomaly.

GoldMining Inc. has reported significant gold-antimony results from historic drilling at its 100% owned Crucero Project in Peru. Key highlights include intercepts of 4.01 g/t AuEq over 56 metres and 2.54 g/t AuEq over 107 metres. The company has validated assay results from 20 additional drill holes, expanding the database to 79 drill holes with over 17,000 assay records. The A1 Zone at Crucero shows two phases of gold mineralization, with the later phase associated with higher gold and antimony grades. Notable intercepts include 30.41 g/t AuEq over 2 metres and 6.25 g/t AuEq over 20 metres. The project's dual gold-antimony potential is particularly significant given current near-record antimony prices.

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.

GoldMining has closed a non-brokered private placement of 373,135 flow-through shares at $1.34 per share, raising $500,000. The flow-through share price represents a 25% premium to the previous closing price. The company will use the proceeds for Canadian exploration expenses at its 100% owned Yellowknife Gold Project, marking the first exploration activities since 2012. The project includes the former Discovery Mine, which historically produced over 1 million ounces of gold at an average grade above 1 oz per short ton. The project contains high-grade open pit mineral resource deposits with estimated gold grades exceeding 2.0 g/t. All qualifying expenditures will be renounced in favor of subscribers by December 31, 2025, and the securities issued have a four-month hold period.

GoldMining announced that its subsidiary U.S. GoldMining has been added to the Russell 3000® Index, effective June 27, 2025. GoldMining owns 79% of U.S. GoldMining (9.9M shares) valued at $131M. The company's total equity portfolio is worth ~$197M, including stakes in Gold Royalty Corp ($56M) and NevGold Corp ($10M). GoldMining maintains a debt-free status and owns a project portfolio of 12.4M gold equivalent ounces (measured & indicated) and 9.1M gold equivalent ounces (inferred) across the Americas. The company's market cap stands at approximately $210M, with U.S. GoldMining currently advancing its Whistler Gold-Copper Project in Alaska through exploration and economic assessment.

GoldMining (NYSE: GLDG) has filed an updated technical report for its Rea Uranium Project in Western Athabasca Basin, Alberta. The company owns 75% of the project, with Orano Canada holding the remaining 25%. The project spans 125,328 hectares and surrounds Orano's high-grade Dragon Lake prospect. The Alberta Energy Regulator has approved GoldMining's exploration program for the project. The company has identified 70 kilometers of prospective trends across three corridors: Maybelle River, Net Lake, and Keane Lake. Historical drilling has shown promising results, with uranium concentrations of up to 48 ppm in the Net Lake corridor and 87 ppm over 1 metre in the Maybelle River corridor. The project's location in the Athabasca Basin is significant, as the region contributes approximately 15% of worldwide uranium production.

GoldMining Inc. (NYSE: GLDG) held its annual general and special meeting on May 15, 2025, with a 34.08% quorum of shareholders present. All six nominated directors were successfully elected with strong approval ratings ranging from 90% to 92.48%. The elected board members include Amir Adnani, David Garofalo, David Kong, Gloria Ballesta, Mario Bernardo Garnero, and Anna Tudela. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company's auditor, unallocated options under the Stock Option Plan, and the Amended and Restated Restricted Share Plan.

GoldMining Inc. (NYSE: GLDG) has received approval from the Alberta Energy Regulator for its uranium exploration program at the Rea Uranium Project in Western Athabasca Basin. The company owns 75% of the project, with Orano Canada Inc. holding the remaining 25%. The exploration program includes diamond core drilling of up to 15 drillholes, reaching a maximum depth of 500 meters for approximately 7,500 meters total. The Rea Project covers 125,328 hectares and contains three distinct corridors totaling over 70 km of prospective trends: Maybelle River (11 km), Net Lake (20 km), and Keane Lake (40 km). The project is strategically located near world-class uranium deposits, including Paladin Energy's Triple R and NexGen Energy's Arrow deposits. GoldMining has also received consultation adequacy from the Aboriginal Consultation Office of Alberta and remains committed to Indigenous engagement.

GoldMining Inc. (TSX: GOLD, NYSE: GLDG) has identified significant antimony mineralization at its 100% owned Crucero Project in Peru, co-existing with previously established gold deposits. The project contains an indicated resource of 30.65 million tonnes at 1.0 g/t Au (993,000 oz gold) and an inferred resource of 35.78 Mt at 1.0 g/t Au (1,147,000 oz gold).

Notable drill intercepts include 44.37 g/t AuEq over 7 metres and 2.79 g/t AuEq over 79 metres. The discovery gains significance as antimony prices have surged to approximately US$55,250 per tonne, up from US$11,600 at the start of 2024. The database contains assay data for 72 drill holes and 657 trench assays, including over 15,000 gold assays and 10,000 antimony assays.