Core Insights - U.S. GoldMining Inc. is advancing exploration at the Muddy Creek area of its Whistler Gold-Copper Project in Alaska, identifying significant exploration potential across three mineral systems [1][4][19] - The company is conducting a preliminary economic assessment (PEA) alongside exploration activities, aiming to enhance its geological understanding and identify high-priority targets for future drilling [1][4] Exploration Targets - The Muddy Creek mineral system covers an area of approximately 6 km x 4 km, characterized by a strong gold geochemical signature related to intrusive processes [6][10] - Historic exploration has revealed promising results, including 73 rock samples with grades exceeding 1 gram per tonne (g/t) gold, with peak values reaching 111.50 g/t Au [6][12] - Soil sampling has also indicated significant gold presence, with 104 samples returning values greater than 0.10 g/t Au, and peak values of 5.29 g/t Au in the central Muddy Creek zone [6][10] Historical Context - Previous exploration efforts included reconnaissance sampling and a small drilling program, which confirmed low-grade gold mineralization at the margins of the Muddy Creek system [6][11] - The highest-grade areas of the Muddy Creek system have yet to be drilled, indicating potential for discovering higher-grade mineralization in future exploration [12][13] Future Plans - The company is planning phased exploration programs to systematically test the highest-ranking targets, including Muddy Creek, with potential drilling commencing in the summer field season [4][13] - Detailed geological mapping and additional surface geochemical sampling are required to further define the geometry of the intrusive phases and identify areas with the highest mineralization potential [10][12]

Core Viewpoint - U.S. GoldMining Inc. has partnered with Ausenco Engineering Canada ULC to conduct a Preliminary Economic Assessment (PEA) for the Whistler Gold-Copper Project, aiming to evaluate the potential for a standalone open-pit mining operation in Alaska [1][3]. Company Overview - U.S. GoldMining Inc. is focused on the exploration and development of the Whistler Gold-Copper Project, which is 100% owned by the company and located 105 miles (170 kilometers) northwest of Anchorage, Alaska. The project encompasses several gold-copper porphyry deposits and exploration targets across approximately 53,700 acres (217.5 square kilometers) of State of Alaska Mining claims [4]. Project Details - The PEA will assess the Whistler mineral resource estimate, which currently includes 6.48 million ounces (Moz) of gold equivalent (AuEq) in the indicated resource category and 4.16 Moz AuEq in the inferred resource category. The project is expected to benefit from near-surface, higher-grade core material during the initial years of production [6]. - The PEA will utilize an updated mineral resource estimate that incorporates 2024 drilling data, which was not included in the previous estimates. Additionally, metallurgical testing is being conducted by Base Metallurgical Laboratories Ltd. [6]. Consulting Partnership - Ausenco was selected as the principal consulting firm for the PEA after a comprehensive bidding process involving 13 firms. The selection was based on Ausenco's extensive experience and successful track record in conducting similar studies globally [6]. Future Outlook - The company anticipates completing the PEA by the end of the year and plans to provide periodic updates on the study's progress, highlighting the potential for significant value creation for shareholders [3].

Core Viewpoint - U.S. GoldMining Inc. has been added to the Russell 3000® Index, marking a significant milestone for the company and reflecting its growth and value creation since its IPO in April 2023 [1][4]. Company Summary - U.S. GoldMining Inc. focuses on the exploration and development of the Whistler Gold-Copper Project, which is located 105 miles (170 kilometers) northwest of Anchorage, Alaska. The project encompasses several gold-copper porphyry deposits and exploration targets across approximately 53,700 acres (217.5 square kilometers) of state mining claims [5]. - The Whistler Project's Mineral Resource Estimate includes 294 million tons at 0.68 g/t AuEq, totaling 6.48 million ounces of AuEq indicated resources, and 198 million tons at 0.65 g/t AuEq, totaling 4.16 million ounces of AuEq inferred resources [5]. Industry Context - The Russell 3000® Index includes the 4,000 largest U.S. stocks ranked by total market capitalization as of April 30, and membership in this index ensures automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with relevant growth and value style indexes [2]. - Approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, which are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies [3].

 The Whistler - Raintree mineral system, also referred to as the 'Whistler Orbit', comprises a classic 'porphyry cluster' spread over an area of approximately 5 x 5 km, containing multiple mapped and interpreted porphyry intrusions and including the established Whistler and Raintree West mineral resource deposits. Porphyry deposits are the primary source of copper globally and can also contain significant other metals such as gold, silver and molybdenum.1 Whistler represents a gold-rich variant of the porp ...

Core Viewpoint - U.S. GoldMining Inc. has provided an update on the exploration results for the Whistler Gold-Copper Project, highlighting significant potential for further discoveries and resource development in Alaska [1][4]. Exploration and Resource Potential - The Whistler Project contains three mineral systems: Whistler - Raintree, Island Mountain, and Muddy Creek, with existing deposits and numerous undrilled targets identified [2][5]. - The current mineral resource estimate includes 294 million tonnes (Mt) at 0.68 grams per tonne (g/t) gold equivalent (AuEq) for 6.48 million ounces (Moz) AuEq indicated, and 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq inferred [8]. - The existing deposits occupy only approximately 1% of the Company's land holdings, indicating broader exploration potential across the 53,700 acres of State mining claims [3][5]. Infrastructure and Economic Assessment - The Whistler Project is strategically located near major infrastructure and is expected to benefit from the planned West Susitna Access Road, enhancing its economic viability [4]. - An initial economic assessment has been launched for the known gold-copper deposits, with exploration programs designed to run concurrently to maximize the project's potential [5][6]. Geological Analysis and Future Plans - Geological analysis indicates significant potential for further discoveries based on previous drilling campaigns and ongoing exploration efforts [4][6]. - The Company is prioritizing numerous targets across the identified mineral systems and plans to develop phased exploration programs starting in the summer [5][6]. Recent Discoveries - Notable drill results include the longest intercept of consistent mineralization at the Whistler Deposit, measuring 652.5 meters at 0.73 g/t Au, and a new discovery near Raintree West of 138.0 meters at 0.99 g/t AuEq [11].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from _____ to _____ Commission File Number: 001-41690 U.S. GOLDMINING INC. (Exact name of registrant as specified in its charter) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Nevada 37-1792147 (State or other jurisdicti ...

ANCHORAGE, Alaska, April 24, 2025 /PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce it has commenced metallurgical testwork, which will help to inform the proposed initial economic assessment for the Whistler Gold-Copper Project ("Whistler" or the "Project"), located 105 miles northwest of Anchorage, Alaska. As previously announced on April 15, 2025, the proposed study (the "PEA") will be intended to constitute an initial assessment under U.S. Reg ...

Core Viewpoint - U.S. GoldMining Inc. is initiating a Preliminary Economic Assessment (PEA) for the Whistler Gold-Copper Project, which is expected to evaluate the project's economic viability and potential for future mining opportunities [1][2][3]. Project Overview - The Whistler Gold-Copper Project is located 105 miles northwest of Anchorage, Alaska, and is the closest large undeveloped gold-copper mineral deposit to the city [3][7]. - The project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package totaling approximately 53,700 acres [7]. Economic Assessment Details - The PEA will be conducted under U.S. Regulation S-K 1300 and Canadian National Instrument 43-101, aiming to provide an initial economic assessment of the project [1][3]. - The existing mineral resource estimate includes 294 million tonnes at 0.68 grams per tonne gold equivalent for 6.48 million ounces in the indicated resource category, and 198 million tonnes at 0.65 grams per tonne for an additional 4.16 million ounces in the inferred resource category [3][4]. Recent Developments - The decision to proceed with the PEA follows successful drilling programs in 2023 and 2024, which yielded significant high-grade mineralization results [2][3]. - The company has received strong interest from potential mine engineering partners and is currently in the Request for Proposal (RFP) process to select a firm for the PEA [2][3]. Market Context - The timing of the PEA aligns with strong metal pricing, with current spot gold prices exceeding $3,000 per ounce, significantly higher than the mineral resource estimate price of $1,850 per ounce [3]. - The project benefits from a supportive policy environment for responsible resource extraction in Alaska [3]. Future Prospects - The company believes that the Whistler Project could present a robust future mining opportunity, contributing to economic development in South Central Alaska and enhancing mineral resource security in the United States [2][3].

Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _______ Commission File Number: 001-41690 U.S. GOLDMINING INC. (Exact name of registrant as specified in its charter) Nevada 37-1792147 (State or other jurisdictio ...

Core Viewpoint - U.S. GoldMining Inc. supports President Trump's Executive Order aimed at increasing domestic mineral production, particularly copper and gold, highlighting the strategic importance of the Whistler Gold-Copper Project in Alaska [1][3][4]. Group 1: Executive Orders and Policy Impact - The recent Executive Order titled "Immediate Measures to Increase American Mineral Production" directs government agencies to facilitate domestic mineral production, emphasizing the importance of copper and gold for energy security and economic stability [1]. - This follows an earlier Executive Order from January 20, 2025, aimed at maximizing the development of natural resources in Alaska and expediting permitting processes for mining projects [2]. Group 2: Whistler Gold-Copper Project - The Whistler Project has estimated Indicated Resources of over 1 billion pounds of copper and almost 4 million ounces of gold, with Inferred Resources of 0.3 billion pounds of copper and 3.3 million ounces of gold, positioning it as a valuable asset for U.S. mineral independence [3][4]. - The total mineral resource estimate for the Whistler Project includes 294 million tonnes at 0.68 g/t AuEq for 6.48 million ounces AuEq Indicated, and 198 million tonnes at 0.65 g/t AuEq for 4.16 million ounces AuEq Inferred [9]. Group 3: Market Context and Future Outlook - The policy shift is expected to provide tailwinds for responsible resource development in Alaska, coinciding with record high commodity prices for gold, copper, and silver [4]. - The company aims to advance the Whistler Project while collaborating with federal and state agencies to strengthen domestic supply chains [4].