Business
GoldMining Announces Closing of Flow-Through Financing and Commences Exploration at Yellowknife Gold Project
GoldMining Announces Closing of Flow-Through Financing and Commences Exploration at Yellowknife G...
About this update from Nevgold Corp
[{"type":"text","content":"\n\n\n\n GoldMining Announces Closing of Flow-Through Financing and Commences Exploration at Yellowknife Gold Project\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Flow-through share price of\n \n $1.34\n \n represents ~25% premium to prior closing price; marks first exploration at the Project since 2012\n \n\n\n\n Yellowknife Gold Project is Home to the Former Discovery Mine, Once One of the Highest-Grade Million Ounce Plus Past-Producing Gold Mines in\n \n Canada\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 9, 2025\n \n\n /CNW/ -\n \n GoldMining Inc. (the \"Company\" or \"GoldMining\")\n \n (TSX: GOLD) (NYSE American: GLDG) is pleased to announce that it has closed its non-brokered private placement of 373,135 common shares, which will qualify as \"flow-through shares\" within the meaning of the Income Tax Act (\n \n Canada\n \n ) (each a \"FT Share\") at a price of\n \n $1.34\n \n per FT Share for gross proceeds of\n \n $500,000\n \n (the \"Offering\").\n \n\n\n\n Alastair Still\n \n , CEO of GoldMining, commented:\n \n\n\n \"We are pleased to commence first exploration at our 100% owned Yellowknife Gold Project since 2012. The high-grade open pit mineral resource deposits contained within the project, with estimated gold grades in excess of 2.0 g/t, are distinct from the high-grade past-producing underground Discovery Mine which produced more than 1 million ounces of gold at average grade above 1 oz per short ton. High-grade past-producing underground mines have been the source for major gold discoveries in\n \n Canada\n \n in recent decades including at\n \n Red Lake\n \n ,\n \n Kirkland Lake\n \n and Windfall Lake. We are extremely excited to be commencing a new chapter of modern gold exploration in the historically prolific and high-grade\n \n Yellowknife\n \n greenstone belt.\"\n \n\n The Company will use an amount equal to the gross proceeds from the sale of the FT Shares to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through mining expenditures\", as...