GoldMining Inc. reports Q1 net loss of $7.2M CAD; exploration expenses triple YoY

U.S. GoldMining Inc.

2026-Q1 EPS reported -$0.14

Net loss attributable to shareholders $6,641K ($0.03/sh) vs $4,546K in Q1 2025.
Exploration expenses rose to $1,578K (from $531K), driven by São Jorge and Whistler projects.
Cash and equivalents $26.1M at Feb 28, 2026; $9.3M raised via ATM offerings during quarter.
Short-term investments $26.5M, mainly from reclassification of NevGold shares ($24.8M).
Long-term investments in Gold Royalty Corp. valued at $137.2M with $13.7M unrealized gain.

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