Gold Royalty Corp. - $GROY STOCK NEWS

Gold Royalty Corp. to release financial results for 2023, investor webcast scheduled. Reminder issued for warrants expiration.

GoldMining Inc. reports positive assay results from its subsidiary, U.S. GoldMining, confirming continuity of high-grade core at the Whistler Gold-Copper Project in Alaska. The program resulted in 547 meters at 1.06 g/t Gold Equivalent, including 176 meters at 1.55 g/t Gold Equivalent. The company holds $129 million in cash and publicly traded equities, and the CEO is optimistic about future strategic initiatives.

GoldMining Inc. has announced the completion of the sale of the Nutmeg Mountain Project to a subsidiary of NevGold Corp, receiving $3 million in payment through the issuance of 10,000,000 common shares. This transaction has crystallized immediate value for GoldMining, allowing the company to retain potential upside to the Project's future potential and remain focused on advancing and unlocking value from other assets in its portfolio. The company now has $132 million of aggregate equity holdings in NevGold, U.S. GoldMining Inc., and Gold Royalty Corp. The transaction realized an attractive rate of return for GoldMining, with total consideration received being $9.0 million for the Project, which was acquired in 2020 for consideration of $1.15 million. GoldMining is now the largest shareholder of NevGold, holding approximately 29.4% of the outstanding NevGold Shares, providing the company continued exposure to the potential upside of Nutmeg Mountain and other assets. NevGold is required to make additional contingent payments to GoldMining of up to $7.5 million. The transaction allowed GoldMining to crystallize value while remaining focused on unlocking value and advancing its other assets throughout North and South America.

Gold Royalty Corp. (GROY) completes the acquisition of a portfolio of 21 royalties located in Québec from SOQUEM for C$1.0 million, satisfied through the issuance of 496,785 common shares. The royalty portfolio includes various commodities such as gold, silver, copper, zinc, and nickel.

Gold Royalty Corp. (GROY) completes investment in Borborema gold project, acquiring a 2% net smelter return royalty and a royalty-convertible gold-linked loan for a total of US$31.0 million. The company also closed a private placement of $40 million unsecured convertible debentures.

Gold Royalty Corp. (GROY) has entered into agreements with Borborema Inc. to provide $31 million in project financing to develop the Borborema gold project in Brazil. The company will acquire a 2% net smelter return royalty on Borborema and provide additional project financing to Aura Minerals Inc. The transaction highlights near-term cash flow, low-risk structure, optionality to exploration success, and strategic convertible debenture financing. The Borborema Investment is expected to close in December 2023.

GoldMining Inc. (GOLD) announces plans for advancing the Rea uranium project in Western Athabasca Basin, Alberta, Canada. The Project is owned 75% by the Company and 25% by Orano Canada Inc. Uranium prices have risen to US$80.25 per pound, and the Athabasca Basin is home to the world's richest uranium mines. The Project surrounds Orano's Maybelle River project, and the Company is working to reactivate exploration efforts to target a major regional shear zone.

GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) provides an update on its 100% owned São Jorge gold project in Brazil. The project is located in the Tapajos Gold District and has considerable mineral exploration potential, with a large geochemical footprint and multiple gold and copper anomalies. The company plans to prioritize exploration targets for potential drill testing in 2024.

GoldMining Inc. (GOLD: TSX, GLDG: NYSE American) announces a renewed at-the-market equity program (ATM Program) with the intention to distribute up to US$50 million of common shares to the public. The company is not obligated to make any sales of Offered Shares under the Distribution Agreement. The net proceeds of any sales under the ATM Program will be used to fund the exploration and development of its mineral properties, including to complete minimum work programs, property payments, and other expenditures to maintain the Company's property rights, to fund future acquisitions, and for working capital.