U.S. GoldMining, an early-stage gold-copper mining company in Alaska spun out of GoldMining, raised $20 million by offering 2 million units at $10, as expected. Each unit consists of one share of common stock and one warrant, exercisable at $13.
Because the company offered units with warrants attached, U.S. GoldMining will be excluded from Renaissance Capital's 2023 IPO stats.
U.S. GoldMining is an exploration stage company focused on its sole property, the Whistler Project, a gold-copper exploration project located in the Yentna Mining District of Alaska. The Whistler Project comprises 377 State of Alaska mining claims covering approximately 53,700 acres. U.S. GoldMining has no operating revenues and does not anticipate generating revenues for the foreseeable future.
U.S. GoldMining plans to list on the Nasdaq under the symbol USGO. H.C. Wainwright and BMO Capital Markets acted as joint bookrunners on the deal.
