GoldMining Inc.

GoldMining Inc. reported a significant increase in net loss for the six months ended May 31, 2026, reaching $16.5 million CAD, compared to $4.6 million CAD in the same period last year. The company also announced a revision to its comparative financial information, reclassifying U.S. GoldMining warrants as derivative financial liabilities. Despite the increased loss, total assets saw a modest increase to $242.7 million CAD, while cash used in operating activities remained substantial.

GoldMining Inc. provided a mid-year shareholder update, highlighting its strong financial position with approximately US$185 million in cash and publicly traded securities and no debt, nearly matching its US$191 million market capitalization. The company announced robust Preliminary Economic Assessments (PEAs) for its São Jorge and La Mina projects, showing conceptual NPV5% values of US$532 million and US$1.0 billion, respectively. Additionally, its 74%-owned subsidiary U.S. GoldMining released a PEA for the Whistler Project with a conceptual NPV5% of US$2.0 billion. GoldMining is actively advancing its portfolio with three drill rigs currently operating across its projects in Brazil and Colombia, with additional drills mobilizing in Alaska.

GoldMining Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its São Jorge Project in Brazil. The PEA highlights strong base case economics with an after-tax net present value (NPV5%) of $532 million and an internal rate of return (IRR) of 42.4% at a gold price of $3,500/oz. Initial capital is estimated at a manageable $202 million, supporting an average annual gold production of 51,250 oz over a 10.6-year mine life. The company plans to advance the project through pre-feasibility studies and permitting.

GoldMining Inc. announced the filing of a technical report for its La Mina Project in Colombia, which includes an updated Preliminary Economic Assessment (2026 PEA). The PEA highlights strong base case economics with an after-tax NPV5% of $1.0 billion and an after-tax internal rate of return (IRR) of 32.2%. The project also shows significant leverage to current spot prices, with NPV increasing to $1.8 billion and IRR to 49.1%.

GoldMining Inc. has initiated a fully funded 1,200-meter core drilling program at its Yarumalito Gold-Copper Project in Colombia. The program aims to test a newly refined geological model and expand the mineralized P-1 porphyry unit, building on significant historical drill intercepts. This marks the company's second active exploration drilling program in the Americas for 2026, targeting step-out growth potential in a prolific gold-copper belt.

GoldMining Inc. announced the voting results from its annual meeting of shareholders held on May 14, 2026. All six director nominees proposed by management were successfully elected. Additionally, shareholders approved the appointment of PricewaterhouseCoopers LLP as the Company's auditor for the upcoming year.

GoldMining Inc. announced an updated Preliminary Economic Assessment (PEA) for its La Mina Project in Colombia, highlighting significantly enhanced project value. The PEA reports a robust $1.0 billion after-tax NPV5% and a 32.2% after-tax Internal Rate of Return (IRR) at base case metal prices. At current spot prices, the after-tax NPV5% increases to approximately $1.8 billion with a 49.1% IRR, showcasing strong economics and capital efficiency for the gold-copper porphyry system.