U.S. GoldMining Inc. Common stock

U.S. GoldMining Inc. announced the completion of its 2026 surface exploration program at its 100% owned Whistler Gold-Copper Project in Alaska, expanding its pipeline of high-priority drill targets. The program was conducted alongside the recently completed 7,493 meters of diamond core drilling across 10 targets within the Whistler Orbit. Fieldwork included reconnaissance mapping, prospecting and rock grab sampling at the Whistler Orbit, Island Mountain and Muddy Creek mineral systems, with 58 rock grab samples submitted for gold, copper and multi-element assaying, 12 geochronological samples collected, and 68 samples taken at the Long Lake Hills prospect for hyperspectral analysis. The company said the work identified new outcrop zones of gold-copper porphyry-style mineralization and extended the known footprints at the Whistler Orbit, Island Mountain and Muddy Creek, with assay results pending. The Whistler Project currently hosts 5.41 Moz AuEq of indicated resources and 4.97 Moz AuEq of inferred resources across the Whistler, Raintree West and Island Mountain deposits. CEO Tim Smith said the data will support future exploration and drilling campaigns aimed at identifying new gold and copper discoveries.

U.S. GoldMining Inc. announced that the Alaska Industrial Development and Export Authority (AIDEA) has authorized up to $25 million to fund geotechnical drilling and associated permitting, hydrologic, and engineering work for the State-led West Susitna Access Project (WSAP), a road initiative designed to connect the Whistler Gold-Copper Project with existing infrastructure near Anchorage. The WSAP comprises a 22-mile public road led by the Alaska Department of Transportation and Public Facilities and a 78.5-mile public-private road led by AIDEA, terminating at the Company's exploration camp near the Whistler deposit. The authorized program will provide data needed for final design, including bridge foundations, material sites, culvert sizing, and road alignment over the 2026 and 2027 field seasons. U.S. GoldMining CEO Tim Smith commended the state's commitment, noting the funding marks a significant step toward linking Whistler and the broader West Susitna Mineral District to the Anchorage transportation and energy grid. The Whistler Project's preliminary economic assessment outlines an after-tax net present value of $2.0 billion at a 5% discount rate, a 33% internal rate of return, and an initial payback of 2.1 years.