About GoldMining

GoldMining Inc. (GoldMining), a public mineral exploration company, focuses on the acquisition and development of primarily gold assets in the Americas. The company controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia and Peru. The company primarily focuses on gold and gold-copper properties. The company's principal projects are its La Mina Gold Project and Titiribi Gold-Copper Project, located in the Department of Antioquia, Colombia, Whistler Gold-Copper Project, located in Alaska, United States, and São Jorge Gold Project, located in the state of Pará, Brazil. The company's long-term growth strategy of acquiring and developing gold assets in the Americas is premised on a disciplined execution strategy of advancing the existing portfolio, including pursuing partnerships and joint ventures, while also continuing to evaluate accretive acquisition opportunities and potential spin-outs and property divesture opportunities. This strategy focuses on identifying and acquiring projects that present compelling value for its shareholders. Strategy The company's long-term growth strategy is premised on pursuing accretive acquisitions of resource projects, together with maintaining and advancing its existing projects in a prudent manner. The company is committed to responsible exploration and development practices. The company seeks to leverage existing resource market conditions to further enhance the value of each acquisition. The company is in the process of identifying and planning additional work relating to its projects. The company plans to keep each of its projects in good standing. Mineral Projects Titiribi Project The Titiribi Project consists of several near surface bulk tonnage gold-copper porphyry and associated epithermal gold systems. The Titiribi Project consists of several near surface bulk tonnage gold-copper porphyry and associated epithermal gold systems. A total of nine mineralized areas have been identified to date, including the Cerro Vetas, Chisperos and NW Breccia deposits. Other peripheral targets include: Junta, Porvenir, Candela, Maria Jo, Rosa, and Margarita. The Titiribi Project consists of one Mineral Title (Concession Contract L5085) registered on April 18, 2013 with an exploration term of three additional years, renewable every two years, up to eleven years, and is valid for thirty (30) years (starting 2007) and renewable for twenty (20) more years. GoldMining holds Concession Contract #L5085 expiring April 18, 2043. La Mina Project The La Mina Project is a gold-copper exploration project located in Antioquia Department, Colombia. A total of seven prospects have been identified to date, including the La Cantera, Middle Zone and La Garrucha and El Limon, and a total of 111 diamond core drill holes, totaling 40,244 m, have been drilled. The company acquired a 100% interest in the La Mina Project through a plan of arrangement between the company and Bellhaven Copper & Gold Inc. (Bellhaven), completed on May 30, 2017. The La Mina Project consists of two properties the 1,793.06 hectare La Mina Colombian mineral exploration licence identified as Exploration Licence L5263005 (the 5263 Concession); and the 1,415.431 hectare La Garrucha earn-in agreement licence with Exploration Licence HHMM04 (the 6355B Concession", and together with the 5263 Concession, the Concessions). The company owns 100% of the La Mina Project, subject to a 2% NSR royalty owned by GRC. In 2022, GoldMining completed a 3,485 m diamond core drilling program on the La Garrucha prospect to explore to the southeast along strike for extensions to the porphyry mineralization previously identified by Bellhaven. São Jorge Project The São Jorge Project is a gold exploration project located in the southeast of Pará State, Brazil, in the municipality of Novo Progresso. The company acquired the São Jorge Project through a plan of arrangement between the company and Brazilian Gold Corporation (BGC) completed on November 22, 2013. The São Jorge Project is located in the southeast of Pará State, Brazil, in the municipality of Novo Progresso. The region is known as Tapajós and São Jorge is located 320 km south of the main regional city Itaituba. Whistler Project On February 2023, U.S. GoldMining, the company's subsidiary that owns the Whistler Project, filed a preliminary long form prospectus and a registration statement in the United States in respect of its initial public offering. The Whistler Project is a gold-copper exploration project located in the Yentna Mining District of Alaska, approximately 170 km (105 miles) northwest of Anchorage. In 2023, the company intends to maintain the Whistler Project in good standing and is planning to initiate exploration activities at the project in the first half of 2023. Other Properties In addition to the projects, the company, through its wholly-owned subsidiaries, holds the following interests in other properties: Yellowknife Project - The Yellowknife Project is located in the sub-arctic, approximately 90 km north of the city of Yellowknife, Northwest Territories, Canada. GoldMining wholly owns 100% of the Ormsby, Bruce, Nicholas Lake, Goodwin Lake and Clan Lake gold deposits. The property measures approximately 12,240 hectares (ha) comprising of 34 mining leases and 2 mineral claims to which 507140 N.W.T. Ltd. has title, a wholly-owned subsidiary of GoldMining. The mining leases and mineral claims are grouped into the Ormsby-Bruce-Nicholas Lake, Goodwin Lake, Clan Lake, and Big Sky Properties. GoldMining acquired 100% interest in the Yellowknife Project and the nearby Big Sky property (Big Sky) now all grouped together under the Yellowknife Project, from Tyhee NWT Corp. (Tyhee NWT), a subsidiary of Tyhee Gold Corp, under an agreement with a receiver, RMB Australia Holdings Limited (RMB), appointed in respect of the assets and undertaking of Tyhee under the Bankruptcy and Insolvency Act. Cachoeira Project - the company indirectly holds a 100% interest in the Cachoeira Project, located in Pará State, Brazil. The project consists of three mining concessions and two exploration concessions for a total area of approximately 5,677 hectares (ha). Surubim Project - The Surubim Project is located in Para State, Brazil approximately 270 km southwest of the town of Itaituba and is road accessible from the Trans-garimpeiro highway. The project consists of the Rio Novo Property and the Surubim Property. The Surubim Project includes two option agreements: Altoro Mineracao Ltda. (three concessions; Surubim Property); and Jarbas Duarte Junior (1 concession; Rio Novo Property), on four concessions for a total area of 14,611 ha. One of the non-core concessions with a total area of 1,176 ha is under appeal and GoldMining is awaiting a decision by the ANM. Boa Vista Project - The company, through its interest in the Boa Vista Gold joint venture (BVG), indirectly holds an 84.05% interest in the Boa Vista Project located in Pará State, Brazil. The Boa Vista Project consists of three exploration licences for a total area of approximately 9,201 ha. The company submitted a Final Exploration Report for two of the three exploration licences in February 2018 (ANM no.850.759/2006 and 850.353/2010) and a Final Report for another exploration licence on January 23, 2019 (ANM no.850.643/2006). The Final Exploration Report for all three exploration licences was approved by the ANM on November 22, 2019. Batistão Project - the company indirectly holds a 100% interest in the Batistão Project located in Mato Grosso State, Brazil. The company was required to file an Economic Assessment Plan (PAE) and the Preliminary Environmental Licence, together with the Mining Concession Application by January 2016. Montes Áureos and Trinta Projects - the company holds a 51% interest in the Montes Áureos and Trinta Projects located in Pará and Maranhão States, Brazil. The company is in the process of applying for a mining concession for the Montes Áureos Project and the renewal of the exploration permit for the Trinta Project. Both applications are under review by the ANM and there is no assurance that such applications will be approved by the ANM. Crucero Project - the company indirectly holds a 100% interest in the Crucero Project, located in the eastern Cordillera of southeastern Peru in the Department of Puno, Province of Carabaya, District of Crucero, and the Quadrangle of Limbani. The Crucero Project consists of three mining and five exploration concessions with an aggregate area of 4,600 ha. The three mining concessions are held indirectly by a wholly-owned subsidiary of GoldMining through a 30-year assignment from a third party running until 2038. Yarumalito Project - In December 2019, the company acquired a 100% interest in the Yarumalito Project located in Antioquia, Colombia. The Yarumalito Project consists of one concession for a total area of approximately 1,453 ha. The concession expires on March 7, 2043 and is renewable for an additional 30 years. Additionally, the project includes approximately 9.96 ha of real estate and 0.36 ha of possession-occupation rights that partially cover the area of diamond drilling and Mineral Resource documented in the Yarumalito Report. On March 14, 2022, the company announced that it acquired an existing 1% net smelter return royalty on the company's Yarumalito Project from Newrange. Almaden Project - In March 2020, the company acquired, through its wholly-owned subsidiary, GMI Idaho Corp., the Almaden Project, located in west-central Idaho. The Almaden Project consist of 12 patented mining claims, 210 federal unpatented lode mining claims, 12 patented claims and 2 leases of private land covering an area of 1,895 hectares. The Almaden Project is located in Washington County, southwestern Idaho, approximately 20 km east of Weiser and 120 km northwest of Boise, the state capital. A purchase agreement for 30% of the gold and silver produced on the Property is held by a third party. On July 5, 2022, the company announced the closing of a grant of an option on the Almaden Project to a subsidiary of NevGold, pursuant to which the company's subsidiary granted to NevGold's subsidiary an option to acquire a 100% interest in the Almaden Project. Rea Project - the company indirectly holds a 75% interest in the Rea Project and Orano Canada Inc. (Orano) holds the remaining 25% interest in this project. The Rea Project is located in northeastern Alberta, Canada, approximately 185 km northwest of Fort McMurray. The Rea Project consists of 16 contiguous exploration permits, which cover an area of 125,328 ha in the western part of the Athabasca Basin and surrounds the Maybelle project held by Orano. History The company was founded in 2009. The company was incorporated in 2009 under the Business Corporations Act (British Columbia) in the province of British Columbia, Canada. It was formerly known as Brazil Resources Inc. and changed its name to GoldMining Inc. in 2016.