GoldMining (GOLD) Registration filing summary

Company overview and business model

• Focuses on acquisition and development of gold and gold-copper assets in the Americas, with a diversified portfolio in Canada, the US, Brazil, Colombia, and Peru.

• Material projects include La Mina, Titiribi, São Jorge, and Whistler, with ongoing exploration and development activities.

• Holds a majority stake in USGO, consolidating its assets and liabilities.

Financial performance and metrics

• No operating income or cash flow from properties; operations funded primarily through equity financings.

• As of August 31, 2025, cash and cash equivalents totaled $6.46 million.

• Aggregate net proceeds of $34.6 million (US$25.0 million) raised through at-the-market equity programs since 2023.

• Continues to incur negative operating cash flow and expects losses until commercial production is achieved.

Use of proceeds and capital allocation

• Proceeds from securities sales are intended for exploration and development of mineral properties, future acquisitions, working capital, and general corporate purposes.

• Management retains broad discretion over allocation of net proceeds, which may vary based on operational needs and investment opportunities.