U.S. Goldmining Inc.

USGO · Nasdaq · Hard-Asset Development · SIC 1040 Gold and Silver Ores

Engine v1.1.0 · live data

Filings through Jun 30, 2026 · 10-Q filed Aug 12, 2026

Price as of Sep 16, 2026 · USD

Valuation method: Price / Book

Cash & short-term investments

$7.4M

Operating cash flow (TTM)

−$9.9M

Cash runway

0.8 yrs

Exploration & mineral assets

DATA REQUIRED

Non-current assets

DATA REQUIRED

Shareholders' equity

$8.7M

Market capitalization

$107.9M

Price / Book

12.4×

METHODOLOGY GATE — ASSET-BASED VALUATION REQUIRED

Pre-production resource enterprise: EBITDA is negative or not representative, so EBITDA multiples are not applied. Value is assessed on liquidity, strategic holdings and project/asset value — and ounces in the ground are never treated as monetizable value on their own.

FAIL-CLOSED NOTICES

EBITDA is negative — EBITDA-multiple valuation is not meaningful.

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Asset-based methodology (EBITDA gated)

Strategic holdings — value vs. book ASSUMPTION1.00× of $0.00Exploration assets — value vs. book ASSUMPTION1.0× of $0.00Funding horizon ASSUMPTION2 yearsShare of funding met non-dilutively ASSUMPTION45%

Book values come from the latest annual filing. Project NPVs from technical reports are not in XBRL and must be added from primary sources before they are used — ounces in the ground are never treated as monetizable value on their own.

Indicative sum of the parts

Cash & short-term investments$7.4MREPORTED

Strategic holdings (as modeled)$0.00ASSUMPTION × book

Exploration assets (as modeled)$0.00ASSUMPTION × book

Indicative NAV$7.4M$0.53 per share

Market cap$107.9M14.54× price / indicative NAV

Dilution if all-equity

10.2%

funding $12.3M over 2 yrs

Dilution with pathway

5.9%

≈ $4.7M of value retained

Token Clear is modeling the enterprise…

First run for a company pulls filings live from SEC EDGAR. Subsequent loads are cached.

1Resolving issuer on SEC EDGAR
2Building Company Graph™ from XBRL filings
3Pulling market data and live peer set
4Detecting opportunities and scoring MultiStrategy™
5Running deterministic scenarios