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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31 · Month Ended December 31 · Year Ended November 30 | |||||
|---|---|---|---|---|---|
| 2024 · 2023 · 2023 | |||||
| Net cash provided by (used in): | |||||
| Operating activities | |||||
| Net loss for the year/period | $(8,487,081) | $(232,997) | $(9,356,577) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| Accretion | 18,205 | 1,440 | 21,051 | ||
| Depreciation | 125,593 | 8,286 | 30,959 | ||
| Stock-based compensation | 331,896 | 19,509 | 423,831 | ||
| Non-cash lease expenses | 25,876 | 6,411 | 12,351 | ||
| Changes in operating assets and liabilities | |||||
| Inventories | (7,609) | - | (27,249) | ||
| Prepaid expenses | 188,264 | 78,726 | (307,963) | ||
| Other receivables | 145,297 | (37,603) | (47,113) | ||
| Accounts payable | 66,641 | (79,368) | (268,149) | ||
| Accrued liabilities | (120,829) | 37,764 | 85,126 | ||
| Other payables | (5,036) | - | 4,918 | ||
| Lease liabilities | (33,846) | - | - | ||
| Net cash used in operating activities | (7,752,629) | (197,832) | (9,428,815) | ||
| Investing activities | |||||
| Construction of camp structures | - | - | (866,140) | ||
| Purchase of equipment | (171,836) | - | (113,383) | ||
| Net cash used in investing activities | (171,836) | - | (979,523) | ||
| Financing activities | |||||
| Proceeds from initial public offering, net of underwriters’ fees and issuance costs | - | - | 19,056,223 | ||
| Proceeds from common shares issued for warrant exercise | 3,900 | - | 3,363,204 | ||
| Proceeds from At-The-Market offering, net of issuance costs | 585,722 | - | - | ||
| Capital contributions from GoldMining | 10,202 | 1,273 | 46,459 | ||
| Withholding taxes on return of capital | - | - | 53,935 | ||
| Advance from GoldMining | - | - | 1,003,142 | ||
| Repayment of advance from GoldMining | - | - | (1,680,925) | ||
| Net cash provided by financing activities | 599,824 | 1,273 | 21,842,038 | ||
| Net change in cash, cash equivalents and restricted cash | (7,324,641) | (196,559) | 11,433,700 | ||
| Cash, cash equivalents and restricted cash, beginning of year/period | 11,291,649 | 11,488,208 | 54,508 | ||
| Cash, cash equivalents and restricted cash, end of year/period | $3,967,008 | $11,291,649 | $11,488,208 | ||
| Supplemental disclosure of non-cash financing activities: | |||||
| Common share issuance costs included in prepaid expenses and deferred costs | $ | - | $ | - | $26,416 |
| Allocation of stock-based compensation expenses from GoldMining | $13,675 | $5,615 | $54,348 | ||
| ARO change in estimates included in camp structures | $ | - | $ | - | $(98,434) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.