ANCHORAGE, Alaska, Jan. 27,
2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO)
("U.S. GoldMining" or the "Company")
applauds the Executive Order, "Unleashing Alaska's Extraordinary Resource
Potential", signed by the President of the United States on January 20, 2025. U.S. GoldMining believes this
broad ranging initiative has the potential to significantly benefit
the mining industry and the state of Alaska by fostering new investments,
streamlining the resource development permitting process, and
ultimately delivering significant economic growth to Alaska.
The Presidential Executive Order is designed to boost the mining
industry by efficiently and effectively maximizing the development
and production of natural resources located on Federal and State
lands in Alaska and expediting the
permitting and leasing of its natural resource projects The full
text of the Executive Order is available at: Unleashing
Alaska's Extraordinary Resource
Potential – The White House.
Tim Smith, Chief Executive
Officer of U.S. GoldMining, commented: "Alaska is entering a transformative period.
The Company's 100% owned Whistler Gold-Copper Project
("Project") located in Alaska is already set to benefit from strong
political support for responsible resource exploration and
development at the state level in Alaska. We greatly appreciated Governor
Dunleavy's visit to the Project in the summer of 2023, and we
continue to support Alaska's
'Roads to Resources' initiative which includes the proposed
West Susitna Access Road to the Project.
The President's prioritization of Alaska's resource development with this order
has the potential to usher in a new era of discovery, growth and
project development for the Alaskan resource sector, which could
deliver strong economic prosperity in Alaska, and economic and resource security for
the nation.
The future potential mine development of the Project and
Alaska's proposed West Susitna
Access Road are well placed to benefit from the regulatory
certainty provided by the President's Executive Order. I am more
encouraged than ever about the advancements of the Project and its
long-term potential to create jobs for local Alaskans, grow the
economy, and contribute to domestic resource supply for copper, a
critical mineral essential for national energy security."
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 the Project, and the
perceived impacts and benefits of the Executive Order. 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 involve 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 response and actions of agencies
and state and local governments may differ from the broad goals of
the Executive Order, the actual results of future exploration may
not confirm expectations, variations in the underlying assumptions
associated with the estimation or realization of mineral resources,
the availability of capital to fund programs, accidents, labor
disputes and other risks of the mining industry including, without
limitation, those associated with the environment, delays in
obtaining governmental approvals or permits, title disputes other
risks inherent in the exploration and development of mineral
properties and the other risk factors set forth in the Company's
filings with the U.S. Securities and Exchange Commission
at.www.sec.gov and Canadian Securities Administrators at
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. Accordingly, readers should not place undue reliance on
forward-looking statements contained 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.