U.S. GoldMining Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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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.
FY2024 · Filed Mar 27, 2025
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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Consolidated Statements of Stockholders’ Equity (Deficit)
| Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Note | Shares | Amount | Capital | Deficit | (Deficit) | |
| Balance at November 30, 2022 | 10,135,001 | $10,135 | $3,827,957 | $(5,121,363) | $(1,283,271) | |
| Common stock | ||||||
| Issued under initial public offering | 12.1 | 2,000,000 | 2,000 | 18,206,955 | - | 18,208,955 |
| Underwriter fees and issuance costs | 12.1 | - | - | (883,311) | - | (883,311) |
| Issued upon exercise of warrants | 12.4 | 258,708 | 259 | 3,362,945 | - | 3,363,204 |
| Warrants | ||||||
| Issued in connection with initial public offering | 12.1 | - | - | 1,791,045 | - | 1,791,045 |
| Underwriter fees and issuance costs | 12.1 | - | - | (86,883) | - | (86,883) |
| Withholding taxes on return of capital | - | - | (10,741) | - | (10,741) | |
| Capital contributions from GoldMining | 17 | - | - | 46,459 | - | 46,459 |
| Stock-based compensation | ||||||
| Common stock issued for consulting services | 12.2 | 5,000 | 5 | 65,695 | - | 65,700 |
| Allocated from GoldMining | 17 | - | - | 54,348 | - | 54,348 |
| Amortization of stock-based compensation | 12.3, 12.5 | - | - | 303,783 | - | 303,783 |
| Net loss for the year | - | - | - | (9,356,577) | (9,356,577) | |
| Balance at November 30, 2023 | 12,398,709 | 12,399 | 26,678,252 | (14,477,940) | 12,212,711 | |
| Capital contributions from GoldMining | 17 | - | - | 1,273 | - | 1,273 |
| Stock-based compensation | ||||||
| Allocated from GoldMining | 17 | - | - | 5,615 | - | 5,615 |
| Amortization of stock-based compensation | 12.3, 12.5 | - | - | 13,894 | - | 13,894 |
| Net loss for the period | - | - | - | (232,997) | (232,997) | |
| Balance at December 31, 2023 | 12,398,709 | 12,399 | 26,699,034 | (14,710,937) | 12,000,496 | |
| Common stock | ||||||
| Issued under At-The-Market offering | 12.1 | 55,576 | 55 | 603,180 | - | 603,235 |
| Issuance costs for At-The-Market offering | 12.1 | - | - | (17,513) | - | (17,513) |
| Issued upon exercise of stock options | 2,230 | 2 | (2) | - | - | |
| Issued upon exercise of warrants | 300 | 1 | 3,899 | - | 3,900 | |
| Capital contributions from GoldMining | 17 | - | - | 10,202 | - | 10,202 |
| Stock-based compensation | ||||||
| Allocated from GoldMining | 17 | - | - | 13,675 | - | 13,675 |
| Amortization of stock-based compensation | 12.3, 12.5, 12.6 | - | - | 318,221 | - | 318,221 |
| Net loss for the year | - | - | - | (8,487,081) | (8,487,081) | |
| Balance at December 31, 2024 | 12,456,815 | $12,457 | $27,630,696 | $(23,198,018) | $4,445,135 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.