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

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.

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.

U.S. GoldMining (NASDAQ: USGO) has detailed high-priority exploration targets at its Whistler Gold-Copper Project in Alaska. The project, located 100 miles west of Anchorage, spans 53,700 acres and features the Whistler-Raintree mineral system ('Whistler Orbit'). This system contains over 25 exploration targets within a 5x5 km area, including the established Whistler and Raintree West deposits. Recent drilling results showed promising findings, with intersections of 138.0 m at 0.99 g/t AuEq south of the Raintree West deposit. The company employs advanced exploration techniques, including airborne magnetic surveying and 3D subsurface modeling, to identify potential gold-copper porphyry systems. Key targets include the undrilled Mammoth target, Big White, Sunbowl, Raintree North and East, and Hotfoot. The company plans to develop exploration programs that could commence in summer 2025.

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.

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.