U.S. Goldmining Inc. Stock Price, News & Analysis

U.S. GoldMining (NASDAQ: USGO) has provided an update on its Whistler Gold-Copper Project in Alaska, highlighting significant exploration potential across three distinct mineral systems. The project, located 100 miles west of Anchorage, spans 53,700 acres and includes the Whistler-Raintree, Island Mountain, and Muddy Creek systems. Recent drilling successes include a record 652.5-meter intercept grading 1.00 g/t gold equivalent at the Whistler Deposit and a new discovery near Raintree West yielding 138.0 meters at 0.99 g/t gold equivalent. The company plans to develop phased exploration programs starting this summer while simultaneously conducting an initial economic assessment. The project benefits from proximity to infrastructure and favorable mining jurisdiction status in Alaska.

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.

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.