US GoldMining posted a net loss of $4.21 million for the quarter ended June 30, 2026, widening from $905,020 a year earlier.
Net loss attributable to common stockholders widened to $4.8 million, reflecting a $599,153 deemed dividend tied to warrant-expiry extensions.
Costs rise on exploration and overhead
Exploration expenses climbed to $3.04 million, driven by the 2026 Whistler Project program and earlier field activity starting in April.
General and administrative costs rose to $1.14 million, led by $399,752 in stock-based compensation and $270,139 in investor relations spending.
Cash position strengthened by financing activity
Cash and cash equivalents totaled $7.42 million at June 30, 2026, supported by warrant exercises, the ATM program, and a $4 million registered direct offering.
USGO•
