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 projects in Canada, the US, Brazil, Colombia, and Peru.

• Controls a diversified portfolio of resource-stage projects, including La Mina, Titiribi, São Jorge, and Whistler.

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

• No operating income or cash flow from properties; relies on equity financings for funding.

Financial performance and metrics

• No history of earnings or positive operating cash flow; continues to incur net losses and negative cash flow from operations.

• As of February 28, 2025, held cash and cash equivalents of $9.23 million (US$6.38 million).

• Raised aggregate net proceeds of approximately $32.5 million (US$23.4 million) through at-the-market equity programs since December 2023.

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 also be used to fund negative operating cash flow.