U.S. Goldmining Inc. - USGO STOCK NEWS

U.S. GoldMining Inc. (NASDAQ: USGO) has initiated metallurgical testwork for its Whistler Gold-Copper Project in Alaska, located 105 miles northwest of Anchorage. The testwork will support the project's preliminary economic assessment (PEA) and aims to develop an optimized process flowsheet for metal recovery.

The company has engaged Base Metallurgical Laboratories (BaseMet) to conduct comprehensive testing, including:

• Preparation of variability and master composites from 2023-2024 drill core samples
• Feed characterization and detailed mineralogy
• Comminution testing for crushing and grinding
• Sulphide flotation testing for chalcopyrite concentrate
• Gravity gold and cyanide leaching tests

Previous metallurgical tests showed promising results with gold recovery at 70% and copper recovery at 83% through conventional flotation, producing a high-quality copper concentrate with gold and silver credits. The company aims to optimize these recovery rates through the current testing program.

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.

U.S. GoldMining Inc. (NASDAQ: USGO) has announced plans to commence an Initial Economic Assessment (PEA) for its Whistler Gold-Copper Project in Alaska, located 105 miles northwest of Anchorage. The project boasts significant mineral resources, including 294 million tonnes at 0.68 g/t gold equivalent (6.48 Moz AuEq) in the indicated category and 198 Mt at 0.65 g/t AuEq (4.16 Moz AuEq) in the inferred category.

The timing aligns with strong metal pricing, with current spot gold exceeding $3,000/oz compared to the mineral resource estimate gold price of $1,850/oz. The decision follows successful 2023-2024 drilling programs, which yielded the project's best-ever intercept of 652.5 meters at 1.00 g/t AuEq. The company is currently in an RFP process to select a mine engineering firm for the study.

As the closest large undeveloped gold-copper deposit to Anchorage, Whistler benefits from proximity to existing infrastructure, including highways, port facilities, grid power, and a skilled workforce.

U.S. GoldMining Inc. (NASDAQ: USGO) welcomes a new Presidential Executive Order recognizing copper and gold as critical minerals, directing government agencies to facilitate domestic mineral production. This follows a January 2025 order focused on maximizing Alaska's resource development.

The company's Whistler Gold-Copper Project in Alaska contains significant resources including:

• Indicated Resources: Over 1 billion pounds of copper and nearly 4 million ounces of gold
• Inferred Resources: 0.3 billion pounds of copper and 3.3 million ounces of gold

CEO Tim Smith highlighted the order's significance in securing domestic supply chains, particularly as gold, copper, and silver prices reach record highs. The company aims to develop responsible mining operations contributing to America's resource security needs.

GoldMining Inc. (GLDG) has announced the sale of 7,000 common shares of NevGold Corp. through a market transaction on the TSX Venture Exchange. Following this disposition, GoldMining's ownership in NevGold decreased from 26,670,250 to 26,663,250 shares, maintaining approximately 28.3% ownership of outstanding NevGold shares.

The company will file an early warning report under National Instrument 62-103 on SEDAR+. GoldMining states the share disposition was made for investment purposes and indicates that future actions regarding their NevGold holdings will depend on market conditions, plan reformulation, and other relevant factors.

GoldMining (TSX: GOLD) (NYSE AMERICAN: GLDG) has announced the filing of its annual financial statements, management's discussion and analysis (MD&A), annual information form, and Form 40-F for the fiscal year ended November 30, 2024.

The Annual Filings contain detailed information about the company's financial position, operations, and projects for the fiscal year. These documents are now accessible through SEDAR+, SEC's EDGAR system, and the company's website.

U.S. GoldMining (NASDAQ: USGO) has announced significant new assay results from their 2024 drilling program at the Whistler Gold-Copper Project in Alaska. The key discovery is a new high-grade zone at the Raintree Prospect, with drill hole WH24-05 intercepting multiple zones of high-grade gold and silver polymetallic mineralization approximately 500 meters south of prior drilling.

The main zone composite intercept showed 138.0 meters at 0.99 g/t gold equivalent, including higher-grade sections of up to 1.93 g/t gold equivalent. The mineralization consists of multiple quartz-carbonate veins with abundant coarse base metal sulphides, with peak values reaching 7.15 g/t Au and 189 g/t Ag.

The company completed six diamond core holes totaling 4,006 meters during the 2024 season. The Raintree component of the Project includes both open pit and underground deposits, with indicated and inferred resources. This new discovery validates the Company's exploration strategy, and additional follow-up drilling is planned for summer 2025.

U.S. GoldMining (NASDAQ: USGO) has announced new assay results from its 2024 confirmatory diamond core drilling program at the Whistler Gold-Copper Project in Alaska. The highlight is drill hole WH24-04, which intersected 458 meters at 0.75 g/t gold equivalent, including high-grade zones of 48m at 1.23 g/t AuEq and 116m at 1.00 g/t AuEq.

The results demonstrate improving metal grades with depth in the western portion of the Whistler Deposit, supporting the company's understanding of mineralization controls. The project currently has 6.48 million gold equivalent ounces in indicated resources and 4.16 million gold equivalent ounces in inferred resources. The company completed six diamond core holes for 4,006 meters during the 2024 field season, focusing on delineating and extending high-grade mineralization within deeper portions of the deposit.

U.S. GoldMining Inc. (NASDAQ: USGO) welcomes the Presidential Executive Order 'Unleashing Alaska's Extraordinary Resource Potential' signed on January 20, 2025. The order aims to boost Alaska's mining industry by streamlining resource development permitting and maximizing natural resource production on Federal and State lands.

The company's Whistler Gold-Copper Project in Alaska is positioned to benefit from this initiative, along with existing state-level support including Governor Dunleavy's 2023 project visit and Alaska's 'Roads to Resources' initiative, which includes the proposed West Susitna Access Road to the project.

CEO Tim Smith emphasized that this order could initiate a new era of discovery and growth for Alaska's resource sector, potentially benefiting the project's future mine development through enhanced regulatory certainty while creating local jobs and contributing to domestic copper supply.