Core Viewpoint - U.S. GoldMining Inc. has published a sustainability factsheet highlighting its governance of sustainability-related risks and performance in environmental and community initiatives over the past year, emphasizing responsible exploration practices and stakeholder value creation [1][3]. Sustainability Initiatives - The sustainability factsheet is available on the company's website, providing a summary of its initiatives [2]. - The company has developed and implemented a sustainability program that includes environmental baseline studies, health and safety management systems, and stakeholder engagement programs [3]. - U.S. GoldMining has committed to environmental stewardship while advancing the Whistler Gold-Copper Project [3]. Economic Contributions - The Whistler Gold-Copper Project, located 105 miles northwest of Anchorage, encompasses several gold-copper porphyry deposits within a land package of approximately 53,700 acres [4]. - In 2023, U.S. GoldMining spent approximately US$4.3 million with local Alaskan suppliers and contractors, supporting economic opportunities and job creation in Alaska [6]. - The company has made donations exceeding US$60,000 to local Alaskan non-government organizations and community events over the past year [6]. Health and Safety Management - U.S. GoldMining provided 192 hours of health and safety training to personnel and contractors, along with 2,070 hours dedicated to health and safety initiatives and management activities [6]. - The company's diversity and inclusion policy has resulted in 50% female representation on its Board of Directors [6].

Following up on 2023 Confirmatory Drilling Results including 547m at 1.06 g/t, and Targeting Continued Growth at the Whistler Gold-Copper Project, Alaska ANCHORAGE, Alaska, May 22, 2024 /PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to provide an update on the Whistler Gold-Copper Project (the "Project") in Alaska, U.S.A. The Company is currently preparing and mobilizing for the 2024 field season which will focus on confirmatory and step-out drilling withi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 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 | | --- | --- | | (Stat ...

Financial Performance - For the three months ended August 31, 2023, the company recorded a net loss of $2,435,507 ($0.20 per share), compared to a net loss of $484,071 ($0.05 per share) for the same period in 2022[103]. - For the nine months ended August 31, 2023, the company reported a net loss of $5,622,175 ($0.50 per share), compared to a net loss of $832,945 ($0.09 per share) for the same period in 2022[108]. - The loss from operations was $5,889,669 for the nine months ended August 31, 2023, compared to $831,730 for the same period in 2022, driven by higher general and administrative and exploration expenses[112]. Exploration and Drilling Activities - Exploration expenses for the three months ended August 31, 2023, totaled $1,474,372, a significant increase from $96,517 in the same period of 2022[104]. - Exploration expenses for the nine months ended August 31, 2023, amounted to $1,807,651, compared to $170,282 for the same period in 2022[109]. - The company incurred drilling expenses of $516,734 during the three months ended August 31, 2023, compared to $0 for the same period in 2022, reflecting the commencement of the 2023 Phase 1 drilling program[105]. - The 2023 Phase 1 Drilling Program at the Whistler Project commenced on August 21, 2023, with an initial budget of 5,000 meters of drilling[101]. - The company plans to conduct up to 10,000 meters of core drilling and other exploration activities at the Whistler Project during the 2023 and 2024 field seasons[99]. General and Administrative Expenses - General and administrative expenditures were $1,145,636 for the three months ended August 31, 2023, up from $381,449 in the same period of 2022[106]. - General and administrative expenditures increased to $4,060,882 for the nine months ended August 31, 2023, from $647,169 in the same period of 2022, primarily due to increased professional fees related to the IPO[111]. - General and administrative expenses include share-based compensation calculated using the Black-Scholes model[139]. Cash Flow and Financing - Cash and cash equivalents rose to $13,777,663 as of August 31, 2023, compared to $54,508 as of November 30, 2022, reflecting successful capital raising efforts[114]. - Net cash used in operating activities was $7,024,892 for the nine months ended August 31, 2023, significantly higher than $682,902 in the same period of 2022, due to increased expenditures related to the IPO and exploration[118]. - Net cash used in investing activities was $942,015 for the nine months ended August 31, 2023, related to renovations and construction for the Whistler Project[119]. - Net cash provided by financing activities was $21,777,077 during the nine months ended August 31, 2023, primarily from the IPO and warrant exercises[120]. Company Structure and Obligations - As of August 31, 2023, GoldMining owned approximately 79.7% of the company following the IPO[97]. - The company has an annual land payment obligation of $224,583 for 2023 to maintain the Whistler Project in good standing[121]. - An exploration program management agreement was entered into with Equity Geoscience, Ltd. for $5,255,500, with $3,406,170 paid as of August 31, 2023[123]. - As of August 31, 2023, the company had 12,398,709 common shares outstanding, with stock options and warrants representing potential additional shares[130]. Regulatory and Accounting Matters - The FASB issued ASU 2019-12 to simplify accounting for income taxes, effective for fiscal years beginning after December 15, 2021, with no material impact on the Company's financial statements[140]. - The Company may rely on exemptions under the JOBS Act, remaining an emerging growth company until total annual gross revenue reaches $1.235 billion or more[142]. - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[143].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 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 jurisdiction ...