---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-005542"
form_type: "8-K"
ticker: "USGO"
cik: "0001947244"
company_name: "U.S. GoldMining Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-26T00:07:38.032718+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GoldMining Inc. reports net loss of $27.3M for FY ended Nov 2024; retained earnings turn negative

## Summary
- Net loss of $27.3M (CAD) for year ended Nov 30, 2024, vs $30.4M loss in prior year; basic EPS loss $0.13.
- Operating loss of $25.6M; exploration expenses $10.5M, share-based comp $2.3M, professional fees $2.0M.
- Cash and cash equivalents $11.9M at Nov 30, 2024, down from $21.6M a year earlier; operating cash flow -$22.5M.
- Total equity attributable to shareholders $113.8M; retained deficit $(4.4)M vs retained earnings $20.2M in 2023.
- GoldMining completed ATM offerings netting $12.8M CAD; U.S. GoldMining (USGO) ATM netted $0.6M.

## SEC filing metadata
- accession: 0001437749-25-005542
- form_type: 8-K
- ticker: USGO
- cik: 0001947244
- company_name: U.S. GoldMining Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1947244/000143774925005542/0001437749-25-005542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1947244/000143774925005542/usgo20250226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-005542
- JSON: https://secwatch.observer/filing/0001437749-25-005542.json
- Plain text: https://secwatch.observer/filing/0001437749-25-005542.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.