U.S. GoldMining Inc.

U.S. GoldMining Inc. (USGO) priced its initial public offering on Apr 20, 2023 at $10.00 per share, raising $20M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $121.4M. H.C. Wainwright was lead-left underwriter, joined by BMO Capital Markets and Sprott Capital Partners. Ballard Spahr and Haynes and Boone advised the company and Ellenoff Grossman & Schole advised the underwriters.

U.S. GoldMining Inc. is an exploration-stage company whose sole project is the Whistler gold-copper project in the Yentna Mining District, about 150 km northwest of Anchorage, Alaska. It has no operating revenues and may evaluate additional gold projects in the Americas.

Status

IPO

Ticker

USGO

Exchange

Nasdaq Capital Market

Priced

Apr 20, 2023

IPO price

$10.00

Raised

$20M

Market cap at IPO price

$121.4M

First filed

Feb 10, 2023

Underwriters

H.C. Wainwright, BMO Capital Markets and Sprott Capital Partners

Company counsel

Ballard Spahr and Haynes and Boone

Underwriters' counsel

Ellenoff Grossman & Schole

Sector

Energy, mining & utilities

Country / state

British Columbia, Canada

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.