GoldMining Applauds Inclusion of U.S. GoldMining in Russell 3000® Index Milestone Underscores GoldMining's Strategic Buildout of a ~$197M Equity Portfolio
GoldMining Applauds Inclusion of U.S. GoldMining in
Russell 3000® Index
Milestone Underscores GoldMining's Strategic Buildout of a
~$197M
Equity Portfolio
VANCOUVER, BC
,
June 3, 2025
/CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American:
GLDG) is pleased to announce that its majority-owned subsidiary, U.S. GoldMining Inc. ("U.S. GoldMining") (Nasdaq: USGO),
has been added as a member of the broad-market
Russell
3000
®
Index according to a preliminary list published by FTSE on its
website in connection with its annual reconstitution of the index. The reconstitution is expected to take effect after the U.S.
Market closes on
June 27, 2025
.
GoldMining owns 9.9 million shares of U.S. GoldMining, representing an approximate 79% ownership, with a market value of
approximately $131 million based on the closing price of such shares on
June 2, 2025
.
Alastair Still
, CEO of GoldMining, commented:
"We are thrilled to see U.S. GoldMining recognized for its progress with this inclusion in the
Russell
3000
®
. This milestone
validates the success of our Company's strategic IPO launch of U.S. GoldMining just over two years ago and highlights the
tangible value created for our shareholders. With multiple high-priority exploration targets and an initial economic assessment
underway at the Whistler Gold-Copper Project in
Alaska
, we see compelling upside as U.S. GoldMining advances its portfolio."
Strengthening GoldMining's Equity Portfolio
In addition to its stake in U.S. GoldMining, the Company also owns:
Over 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), valued at approximately $56 million based on the
closing price of such shares on
June 2, 2025
.
Over 26 million shares of NevGold Corp. (TSXV: NAU), valued at approximately $10 million based on the closing price of
such shares on
June 2, 2025
.
Together, these holdings bring the current market value of GoldMining's equity portfolio to approximately
$197 million
. The
market capitalization of the Company on an undiluted basis is approximately
$210 million
, based on the closing price of such
shares on
June 2, 2025
. GoldMining remains
debt-free
and, in addition to its equity portfolio, owns
100% of a project
portfolio
totaling
12.4 million gold equivalent ounces (measured & indicated)
and
9.1 million gold equivalent ounces
(inferred)
across the Americas.
Visit
www.goldmining.com
for more information and technical reports.
About the
Russell
3000
®
Index
The
Russell
3000
®
Index includes the 4,000 largest U.S.-traded stocks by market capitalization and serves as the foundation for
the
Russell
1000
®
and
Russell
2000
®
indexes. FTSE Russell's annual reconstitution reflects the changing U.S. equity landscape.
As of
June 2024
, more than US$10.6 trillion in assets are benchmarked to
Russell
indexes.
Qualified Person
Paulo Pereira
, P. Geo., President of GoldMining, has supervised the preparation of, and verified and approved, all other scientific
and technical information herein this news release. Mr. Pereira is also a qualified person as defined in National Instrument 43-101
– Standards of Disclosure for Mineral Projects ("
NI 43-101
").
About GoldMining Inc.
The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the
Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold
and gold-copper projects in
Canada
,
U.S.A.
,
Brazil
,
Colombia
, and
Peru
. The Company also owns 21.5 million shares of Gold
Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and over 26 million shares
of NevGold Corp. (TSXV: NAU). See
www.goldmining.com
for additional information.
Notice to Readers
Technical disclosure regarding
the Project
has been prepared by the Company in accordance with NI 43-101. NI 43-101 is a
rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral projects. These standards differ from the requirements of the U.S.
Securities and Exchange Commission ("SEC") and the scientific and technical information contained in this news release may
not be comparable to similar information disclosed by domestic
United States
companies subject to the SEC's reporting and
disclosure requirements.
For further information regarding the Company's projects and the resource estimates disclosed herein, please refer to the
Company's most recent Annual Information Form and the technical reports filed under the Company's profile at
www.sedarplus.ca
and
www.sec.gov
.
Cautionary Statement on Forward-looking Statements
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking
statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve
known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and
achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-
looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements
respecting the Company's expectations regarding U.S. GoldMining Inc. and its projects and often contain words such as
"anticipate", "intend", "plan", "will", "would", estimate", "expect", "believe", "potential" and variations of such terms. Such
forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about
the business and the markets in which GoldMining operates, which may prove to be incorrect. Investors are cautioned that
forward-looking statements involve risks and uncertainties, including, without limitation: the inherent risks involved in the
exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to
government and environmental regulation, social, permitting and licensing matters, any inability to complete work programs as
expected, the Company's plans with respect to the Project may change as a result of further planning or otherwise, and
uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including
those set forth in GoldMiningꞌs most recent Annual Information Form and other filings with Canadian securities regulators and
the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on
forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions
used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any
forward-looking statements, except in accordance with applicable securities law.
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For further information:
For additional information, please contact: GoldMining Inc., Amir Adnani, Co-Chairman; David
Garofalo, Co-Chairman, Alastair Still, CEO, Telephone: (855) 630-1001, Email: [email protected]
CO: GoldMining Inc.
CNW 06:00e 03-JUN-25