• US GoldMining posted a net loss of $1.93 million, or $0.14 per share, for quarter ended March 31, 2026, widening from a $1.29 million loss a year earlier.
• Operating loss widened to $1.98 million from $1.32 million, on higher exploration expense of $531,840 and general and administrative costs of $1.41 million.
• Cash and cash equivalents fell to $4.71 million as of March 31, 2026, from $7.38 million at year-end 2025, while working capital slipped to $5.46 million from $7.03 million.
• Net cash used in operating activities increased to $2.54 million from $0.92 million, driven by an increase in prepaid expenses to $1.25 million tied to advances for management of the 2026 exploration program.
• Business updates included initial 2025 exploration results announced Jan. 20, a Whistler Project preliminary economic assessment released March 2, and a 2026 field-season program featuring diamond core drilling announced April 20.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. US GoldMining Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-022787), on May 13, 2026, and is solely responsible for the information contained therein.