Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "US GoldMining is now fully funded and permitted to start our inaugural exploration program at Whistler. We have engaged leaders in the industry with significant local knowledge to execute our exploration plans and we are excited to commence the Phase 1 program. With several exploration targets already identified, we are eager to get to work and drive forward the rediscovery of Whistler." From a recent gold observer's write-up on USGO: I know that I've already said that U.S. GoldMining (NASDAQ: USGO) was spun off from (NYSE: GLDG) and that it retained a 79% stake in the new company, but I underestimated what has transpired in just the last couple of weeks because an additional 200,061 shares were purchased on the open market, which means that 81% of (NASDAQ: USGO) is owned by (NYSE: GLDG). I want to underscore why this is significant information for you, so here it is: When 81% is held by one owner that only has one objective in mind (to eventually sell the business at a valuation it is comfortable with), it means that the supply of available shares is very limited. Remember that the reason Tim Smith was appointed as the company's CEO is that he played an instrumental part in selling a gold company for a CAD$520M price tag in 2016, which valued the resource at $130/ounce. Compare this with (NASDAQ: USGO)'s resource, which is currently valued at just above $10/ounce, and it’s a STARK DIFFERENCE. Recent Highlights: Phase 1 of the Company's inaugural exploration program has commenced with field crews undertaking rehabilitation work on the existing Whistler camp which will enable the commencement of core drilling, mine engineering and environmental baseline studies later in the 2023 summer field season. The Company's board of directors has approved a budget to commence and execute Phase 1 of a two-year exploration program, including core drilling of up to 10,000 meters at the Whistler project. The Company is fully permitted to commence exploration activities at Whistler following the receipt of permits in September 2022 from the Alaska Department of Natural Resources, and the exploration program is fully funded following the recently completed IPO.
Conduct your own due diligence on the gold sector and U.S. GoldMining (NASDAQ: USGO). | 
