#United States #Anchorage #Whistler Project #U.S. GoldMining #Russell 3000

U.S. GoldMining Inc. Joins the Prestigious Russell 3000 Index

ANCHORAGE, Alaska, June 2, 2025 – U.S. GoldMining Inc. (NASDAQ: USGO), a prominent mining exploration company, has made a significant leap by securing a spot in the Russell 3000 Index, as detailed in a preliminary announcement by FTSE. This inclusion is part of the indices' annual reconstitution, which will officially take effect after the market closes on June 27, 2025.

The Russell 3000 Index represents the largest 4,000 publicly traded companies in the U.S., ranked by market capitalization as of the end of April each year. Membership in this index not only places U.S. GoldMining among some of the most notable companies but also ensures its automatic inclusion in the associated large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as relevant growth and value style indexes.

Tim Smith, CEO of U.S. GoldMining, expressed his satisfaction with this milestone. He stated, "This recognition of our achievements through the preliminary inclusion in the Russell 3000 Index speaks volumes about the value we've created at our Whistler Gold-Copper Project in Alaska since our IPO in April 2023. Given the promising high-priority exploration targets present at the project, along with our recent announcement on the initial economic assessment plans, we are optimistic about unlocking additional value for stakeholders. This optimism is further fueled by the recent surge in gold prices and the anticipated demand for copper."

The Whistler Gold-Copper Project

U.S. GoldMining's Whistler Gold-Copper Project is a crucial asset, situated approximately 105 miles northwest of Anchorage, Alaska. This project spans about 53,700 acres and includes several gold-copper porphyry deposits, all held under State of Alaska mining claims. The mineral resource estimate of the Whistler Project stands at an impressive 294 million tons at 0.68 grams per ton of gold equivalent (g/t AuEq), which indicates about 6.48 million ounces of gold equivalent indicated resources, alongside an inferred resource of 198 million tons at 0.65 g/t AuEq, equating to 4.16 million ounces of gold equivalent.

The potential of the Whistler Project is noteworthy not only for its size but also for its geological configuration, presenting multiple opportunities for further exploration and economic assessment. U.S. GoldMining has plans to commence studies aimed at further assessing the project's economic viability, which could significantly enhance its market position.

A Big Step Forward

The inclusion in the Russell 3000 Index marks a pivotal moment in U.S. GoldMining's history, underlining the company’s growing recognition within financial markets. As institutional investors and fund managers turn to Russell indices for guidance in creating index funds and benchmarking active investment strategies, this status is set to facilitate increased visibility and potentially attract greater investment.

As of June 2024, nearly $10.6 trillion in assets are benchmarked against the Russell U.S. indices, indicating the weight this inclusion carries. As U.S. GoldMining cultivates investor interest through initiatives and exploration developments, their strategic positioning could lead to substantial gains in the face of evolving market demands, particularly at a time when gold prices are soaring.

This significant milestone not only highlights the company’s growth trajectory but also underscores its potential to make considerable contributions within the mining sector, especially in light of global shifts towards sustainable and responsible resource development.

Forward-Looking Statements

While this announcement marks a promising chapter in U.S. GoldMining's story, it is crucial to note that forward-looking statements carry inherent risks and uncertainties that could affect actual results or performance. Prospective investors should consider these factors when evaluating the company's future.

For more updates and information on U.S. GoldMining, the public can visit their website at www.usgoldmining.us.