U.S. GoldMining Inc.
For the period ended Dec 31, 2025. Filed Mar 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 20, 2026
USGO$5.06-12.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| 2025 · 2024 | |||
|---|---|---|---|
| Net cash provided by (used in): | |||
| Operating activities | |||
| Net loss for the year | $(6,991,064) | $(8,487,081) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Accretion | 20,057 | 18,205 | |
| Depreciation | 145,125 | 125,593 | |
| Stock-based compensation | 858,515 | 331,896 | |
| Non-cash lease expenses | 40,641 | 25,876 | |
| Changes in operating assets and liabilities | |||
| Inventories | 6,214 | (7,609) | |
| Prepaid expenses | 29,304 | 188,264 | |
| Other receivables | (48,605) | 145,297 | |
| Accounts payable | 38,570 | 66,641 | |
| Accrued liabilities | 94,931 | (120,829) | |
| Lease liabilities | (36,423) | (33,846) | |
| Income tax payable | - | (5,036) | |
| Net cash used in operating activities | (5,842,735) | (7,752,629) | |
| Investing activities | |||
| Purchase of equipment | - | (171,836) | |
| Net cash used in investing activities | - | (171,836) | |
| Financing activities | |||
| Proceeds from At-The-Market offering, net of issuance costs | 9,296,524 | 585,722 | |
| Proceeds from common shares issued for warrant exercise | - | 3,900 | |
| Capital contributions from GoldMining | - | 10,202 | |
| Net cash provided by financing activities | 9,296,524 | 599,824 | |
| Net change in cash, cash equivalents and restricted cash | 3,453,789 | (7,324,641) | |
| Cash, cash equivalents and restricted cash, beginning of year | 3,967,008 | 11,291,649 | |
| Cash, cash equivalents and restricted cash, end of year | $7,420,797 | $3,967,008 | |
| Supplemental disclosure of non-cash financing activities: | |||
| Allocation of stock-based compensation expenses from GoldMining | $ | - | $13,675 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.