ANCHORAGE, Alaska, May 30, 2024
/PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S.
GoldMining" or the "Company") is pleased to announce the
publication of the Company's sustainability initiatives and
activities in summary form (the "Factsheet") for the past
year. The Factsheet provides a snapshot of the Company's governance
of sustainability-related risks and performance on environmental
and community initiatives. U.S. GoldMining is dedicated to ensuring
responsible exploration practices, which minimize harm to the
environment and create shared value for all stakeholders.
The Factsheet is available on the Company's website at
www.usgoldmining.us.
Sustainability Factsheet Highlights
- U.S. GoldMining is committed to advancing the Whistler
Gold-Copper Project ("Whistler" or the
"Project"), Alaska
- As Whistler advances through exploration and potentially enters
into development and production in the future, Alaska would stand to benefit from subsequent
direct and downstream economic growth and job creation.
- Whistler has the potential to contribute to the U.S.
domestic supply of copper in the future, a critical metal as
defined by the U.S. Department of Energy, which is essential to the
clean energy transition.
- U.S. GoldMining spent approximately US$4.3M in 2023 with local Alaskan suppliers and
contractors, demonstrating the Company's commitment to bring
economic opportunities and jobs to Alaska.
- Key contracts awarded to local businesses include drilling,
camp services and maintenance, aviation, expediting and supply of
fuel and other consumables.
- U.S. GoldMining's commitment to supporting local community
causes and events is exemplified by donations in excess of
US$60,000 over the past year to,
among others, local Alaskan non-government organizations and to
support sporting and community events.
- U.S. GoldMining's steadfast commitment to health and safety
management included providing 192 hours of health and safety
training to our personnel and contractors, and 2,070 hours of
health and safety initiatives and management activities.
- U.S. GoldMining's policy on diversity and inclusion resulted in
50% female representation on the Company's Board of
Directors.
Tim Smith, Chief Executive
Officer of U.S. GoldMining, commented: "I am extremely proud of
the efforts we have made as a new organization in our first year of
operation, to have developed and implemented a sustainability
program including rollout of environmental baseline studies, health
and safety management systems and processes, and stakeholder
engagement programs. We aspire to be stewards of the environment
while advancing the Whistler Gold-Copper Project. As we look ahead
to another exciting exploration season this coming summer, we
remain committed to the safety of our people and contractors,
continuing respectful community consultation and maintaining
environmental sustainability, ahead of all other objectives."
About U.S. GoldMining Inc.
U.S. GoldMining Inc. is an exploration and development company
focused on advancing the 100% owned Whistler Gold-Copper Project,
located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project
consists of several gold-copper porphyry deposits and exploration
targets within a large regional land package totaling approximately
53,700 acres (217.5 square kilometers).
Visit www.usgoldmining.us for more
information.
Forward-Looking Statements
Except for the statements of historical fact contained
herein, the information presented in this news release constitutes
"forward-looking statements" within the meaning of the United States federal securities laws and
"forward-looking information" within the meaning of applicable
Canadian securities laws (collectively, "forward-looking
statements"). Such statements include statements with regard to the
Company's expectations regarding its planned work program and
expectations for the Whistler Project. Words such as "expects",
"anticipates", "plans", estimates" and "intends" or similar
expressions are intended to identify forward-looking statements.
Forward-looking statements are based on U.S. GoldMining's current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict and involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such risks and other factors include, among others, the
actual results of exploration activities, variations in the
underlying assumptions associated with the estimation or
realization of mineral resources, accidents, labor disputes and
other risks of the mining industry including, without limitation,
those associated with the environment, delays in obtaining
governmental approvals, permits or financing, title disputes or
claims limitations on insurance coverage and the other risk factors
set forth in the Company's public filings, including its most
recent Annual Report on Form 10-K, available under the Company's
profiles at www.sec.gov and www.sedarplus.ca. Although the Company
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Many of these factors are beyond the
Company's ability to control or predict. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements contained in this news
release and in any document referred to in this news release.
Forward-looking statements contained in this news release are made
as of this date, and U.S. GoldMining does not undertake any duty to
update such information except as required under applicable
law.
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SOURCE U.S. GoldMining Inc.