GoldMining Inc. Files Early Warning Report

Rhea-AI Summary

GoldMining Inc. (GLDG) has announced the sale of 7,000 common shares of NevGold Corp. through a market transaction on the TSX Venture Exchange. Following this disposition, GoldMining's ownership in NevGold decreased from 26,670,250 to 26,663,250 shares, maintaining approximately 28.3% ownership of outstanding NevGold shares.

The company will file an early warning report under National Instrument 62-103 on SEDAR+. GoldMining states the share disposition was made for investment purposes and indicates that future actions regarding their NevGold holdings will depend on market conditions, plan reformulation, and other relevant factors.

VANCOUVER, BC, March 6, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") has disposed of 7,000 common shares (the "Shares") of NevGold Corp. ("NevGold") pursuant to a market sale over the facilities of the TSX Venture Exchange.  

Prior to the disposition, the Company beneficially owned and had control and direction over 26,670,250 NevGold Shares, representing approximately 28.3% of the outstanding NevGold Shares. After the disposition, the Company beneficially owns and has control and direction over, 26,663,250 NevGold Shares, representing approximately 28.3% of the outstanding NevGold Shares.

An early warning report (the "Report") will be filed by the Company pursuant to National Instrument 62-103 on SEDAR+ at www.sedarplus.ca under NevGold's profile. To obtain a copy of the Report, please contact Pat Obara, Chief Financial Officer of the Company, at GoldMining's address at 1188 West Georgia Street, Suite 1830, Vancouver, BC V6E 4A2 or by telephone at +1 (855) 630-1001.

The Company disposed of the Shares for investment purposes, and in the future, the Company may dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors.

About GoldMining Inc.

The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects and strategic investments in Canada, U.S.A., Brazil, Colombia, and Peru. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and 26.7 million shares of NevGold Corp. (TSXV: NAU). See www.goldmining.com for additional information.

View original content:https://www.prnewswire.com/news-releases/goldmining-inc-files-early-warning-report-302395065.html

SOURCE GoldMining Inc.

FAQ

How many NevGold shares did GoldMining (GLDG) sell in March 2025?

GoldMining sold 7,000 common shares of NevGold Corp. through the TSX Venture Exchange.

What is GoldMining's (GLDG) current ownership percentage in NevGold after the March 2025 sale?

GoldMining maintains approximately 28.3% ownership with 26,663,250 NevGold shares.

Where will GoldMining (GLDG) file its early warning report for the NevGold share sale?

The early warning report will be filed on SEDAR+ (www.sedarplus.ca) under NevGold's profile.

What is GoldMining's (GLDG) stated purpose for selling NevGold shares in March 2025?

The company states the share disposition was made for investment purposes.