U.S. GoldMining to Join Russell 3000 Index

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].