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

U.S. GoldMining (NASDAQ: USGO) highlighted the strategic potential of its Whistler Gold-Copper Project in Alaska amid rising copper prices, which have increased 14% over the past month and 20% year-over-year. The project contains significant mineral resources including over 1 billion pounds of copper, 3.93 million ounces of gold, and 19 million ounces of silver in the Indicated category.

Located just 100 miles from Anchorage, the project benefits from proximity to existing infrastructure and planned developments, particularly the West Susitna Access Road. The company's position strengthened following the U.S. administration's recent announcement of a proposed 50% tariff on foreign copper imports, aimed at strengthening domestic mineral independence.

The Whistler Project stands out for its strategic location in a Tier 1 jurisdiction, multi-metal resource profile, and potential to benefit from supportive state and federal policies for responsible resource extraction in Alaska.

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.

U.S. GoldMining (NASDAQ: USGO) has reported significant exploration potential at the Muddy Creek area of its Whistler Gold-Copper Project in Alaska. The Muddy Creek mineral system spans approximately 6 km x 4 km, featuring historic high-grade rock samples including 111.50 g/t Au in Upper Phoenix Creek, 69.13 g/t Au in Bonanza zone, and 56.6 g/t Au in central Muddy Creek zone. The average gold value across 285 historic rock samples is 3.03 g/t Au. Soil sampling revealed 104 samples exceeding 0.10 g/t Au, with peak values of 5.29 g/t Au in central Muddy Creek. Limited historic drilling confirmed an intrusion-related gold system, though the highest-grade areas remain untested. The company plans to develop phased exploration programs to test priority targets, potentially starting in the summer field season.

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.

U.S. GoldMining (NASDAQ: USGO) has selected Ausenco Engineering Canada ULC to lead the Preliminary Economic Assessment (PEA) for its Whistler Gold-Copper Project in Alaska. The project, located 105 miles northwest of Anchorage, currently holds 6.48 million ounces of gold equivalent in indicated resources and 4.16 million ounces in inferred resources. The PEA will evaluate a standalone open-pit mine and concentrator facility, incorporating updated 2024 drilling results and ongoing metallurgical testing. Ausenco was chosen from 13 consulting firms through a comprehensive bidding process. The study, targeted for completion by year-end, aims to outline development opportunities and potentially unlock significant shareholder value, with the project expected to benefit from near-surface, higher-grade core material in early production years.

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.

U.S. GoldMining (NASDAQ: USGO) has been selected for inclusion in the prestigious Russell 3000® Index, effective June 27, 2025, following FTSE's annual index reconstitution. This milestone comes just two years after the company's IPO in April 2023. The Russell 3000® Index, which tracks the largest 4,000 US stocks by market capitalization, serves as a benchmark for approximately $10.6 trillion in assets. The inclusion guarantees automatic membership in either the Russell 1000® or Russell 2000® Index. CEO Tim Smith highlighted the achievement as recognition of the company's value creation at their Whistler Gold-Copper Project in Alaska, noting opportunities for further growth amid record-high gold prices and strong copper demand forecasts.