Veteran engineer Imola Götz joins U.S. GoldMining (USGO) to drive Whistler Project
Rhea-AI Filing Summary
U.S. GoldMining Inc. announced the appointment of Imola Götz as Vice President, Project Development. She is an experienced mining engineer with over 30 years in open-pit and underground operations and senior roles at major companies including Goldcorp, Newmont, Eldorado Gold, Sandstorm Gold Royalties and Royal Gold.
Götz will lead engineering, procurement, construction management and project controls for the Company’s 100%-owned Whistler Gold-Copper Project in Alaska. A recent preliminary economic assessment for Whistler outlines an after-tax NPV5% of $2.04 billion, an IRR of 33.0% and an initial payback period of 2.1 years, based on metal prices of $3,200/oz gold, $4.50/lb copper and $37.50/oz silver.
Positive
- None.
Negative
- None.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code:
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Item 7.01 | Regulation FD Disclosure. |
On March 5, 2026, U.S. GoldMining Inc. (the “Company”) issued a news release announcing the appointment of Imola Götz as Vice President, Project Development. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by reference in such a filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by the Company that the information contained herein, including the exhibits hereto, is material or that the dissemination of such information is required by Regulation FD.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | News Release, dated March 5, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 5, 2026 | U.S. GOLDMINING Inc. | |
| By: | /s/ Tim Smith | |
| Name: | Tim Smith | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
U.S. GoldMining Appoints Imola Götz as VP, Project Development
Anchorage, Alaska – March 5, 2026 – U.S. GoldMining Inc. (NASDAQ: USGO) (“U.S. GoldMining” or the “Company”) is pleased to announce the appointment of Imola Götz as Vice President, Project Development.
Ms. Götz is a veteran mining engineer with over 30 years of international experience in both open-pit and underground mining environments including in world renowned gold mining camps of Hemlo and Timmins. Ms. Gotz is an expert in developing life of mine plans, strategic business plans, and comparative economic evaluations of mining projects, developed over decades of experience and progressive leadership roles at Goldcorp, Newmont, Eldorado Gold, Sandstorm Gold Royalties and most recently Royal Gold.
Following the recent announcement of its initial economic assessment (the “PEA”) at its wholly-owned Whistler Gold-Copper Project (the “Whistler Project”) in Alaska, Ms. Götz will be responsible for leading advancement and development of engineering, procurement, construction management and project controls at the Whistler Project. The Company recently announced results of its initial economic assessment (the “PEA”) (see news release dated March 2, 2026) on the Whistler Project, which has an estimated after-tax net present value at 5% discount rate (“NPV5%”) of $2.04B with an internal rate of return (“IRR”) of 33.0% and initial payback of 2.1 years, utilizing base case prices of $3,200/oz Au, $4.50/lb Cu, and $37.50/oz Ag.
Tim Smith, Chief Executive Officer of U.S. GoldMining commented: “Having just announced the excellent results of our Whistler PEA, with after tax NPV5% of over $2.0 billion and initial payback of just over two years, the Company is advancing towards a possible pre-feasibility study (“PFS”). We are very pleased to welcome Imola to the team as we look to accelerate our ongoing mine engineering and permitting studies. It’s an exciting time for U.S. GoldMining and its Whistler Project.”
Imola Götz, VP, Project Development, commented: “I am enthusiastic to join U.S. GoldMining at an important stage in the Company’s growth. The Whistler Project offers a compelling opportunity to develop a new gold-copper project with meaningful scale, and the PEA strongly supports advancing the Whistler Project into a high-quality development asset in Alaska. I look forward to working closely with stakeholders to advance strategic initiatives to help unlock the full value of the Company’s assets for shareholders.”
Ms. Götz is a Professional Engineer licenced in BC, and a Fellow of the Association of Engineers Canada. In addition to being an active member of the Canadian Institute of Mining & Metallurgy (CIMM), she is also a “Qualified Person” as defined by Canadian National Instrument 43-101. Ms. Götz earned a Bachelor of Education in Mathematics and General Science from Lakehead University, a Master of Science in Mine Engineering from the Technical University of Petrosani, and a Financial Agility Diploma from Queens University.
As a skilled educator, Ms. Götz has established partnerships with Canadian Mine Engineering Schools and has guest lectured at Queens University and Laurentian University. She has authored, co-authored, and presented works at the CIMM Conference, the US Mine Ventilation Symposium and the World Mining Congress on various topics including women’s leadership in the mining industry.
Qualified Persons
Tim Smith, P.Geo., Chief Executive Officer of the Company, has supervised the preparation of this news release and has reviewed the additional scientific and technical information contained herein. Mr. Smith is a qualified person as defined under NI 43-101 and S-K 1300.
About U.S. GoldMining Inc.
U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska mining claims totaling approximately 53,700 acres (217.5 square kilometers).
For further information regarding the Project, refer to technical disclosures available on the Company’s website and under the Company’s respective profiles at www.sec.gov and www.sedarplus.ca.
Visit www.usgoldmining.us for more information.
For additional information, please contact:
U.S. GoldMining Inc.
Alastair Still, Chair
Tim Smith, Chief Executive Officer
Telephone Toll Free: 1-833-388-9788
Email: info@usgoldmining.us
Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” within the meaning of the United States federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such statements include statements with regard to the Company’s plans expectations regarding the Project, including statements regarding the results of the PEA, expectations regarding the Project and its future exploration and development potential, LOM projections, estimates of capital, sustaining and other costs and revenues under the PEA and potential development of the West Susitna Access Road and expected governmental support. Words such as “expects”, “anticipates”, “plans”, estimates” and “intends” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, fluctuating commodity prices, risks inherent with preliminary economic assessments and mineral resource estimation generally, economic risks, changing economic factors, including those impacting estimated costs and expenditures and economic returns under the PEA, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and future development work, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission at www.sec.gov and Canadian Securities Administrators at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
FAQ
What executive change did U.S. GoldMining (USGO) announce on March 5, 2026?
What are the key PEA economics for U.S. GoldMining’s Whistler Project?
What will Imola Götz oversee at U.S. GoldMining’s Whistler Project?
Where is U.S. GoldMining’s Whistler Gold-Copper Project located and how large is it?
What professional qualifications does Imola Götz bring to U.S. GoldMining (USGO)?
What forward-looking elements are highlighted for the Whistler Project in this update?
Filing Exhibits & Attachments
6 documents