1. GoldMining sells 1.5 million NevGold shares via TSX Venture Exchange. 2. Post-sale, GoldMining holds 19.8% of NevGold shares. 3. Sale conducted for investment purposes; future sales may occur depending on market. 4. GoldMining controls various gold projects across the Americas. 5. Company may adjust its position based on market conditions.
The sale reduces GoldMining’s stake in a key investment, which may raise concerns about liquidity and financial stability, similar to historical events where substantial share disposals led to negative market reactions.
The reduction in stake reflects a shift in strategy and may signal financial maneuvering that investors could perceive negatively, impacting overall stock sentiment.
In the short-term, investor sentiment may react negatively to the share reduction, similar to past instances where asset sales led to immediate stock price declines.
VANCOUVER, BC, Aug. 25, 2025 /PRNewswire/ - GoldMining Inc. (the "Company") has disposed of 1,500,000 common shares ("Shares") of NevGold Corp. ("NevGold") pursuant to block trades over the facilities of the TSX Venture Exchange.
Prior to the disposition, the Company beneficially owned and exercised control and direction over 24,073,350 NevGold Shares, representing approximately 21.1% of the outstanding NevGold Shares. After the disposition, the Company beneficially owned and exercised control and direction over 22,573,350 NevGold Shares, representing approximately 19.8% of the outstanding NevGold Shares.
An early warning report (the "Report") will be filed by the Company pursuant to National Instrument 62-103 on SEDAR+ at www.sedarplus.ca under NevGold's profile. To obtain a copy of the Report, please contact Pat Obara, Chief Financial Officer of the Company, at the Company's head office at 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 or by telephone at +1 (855) 630-1001.
The Company disposed of the Shares for investment purposes, and in the future, the Company may dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors.
About GoldMining Inc.
The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects and strategic investments in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE:GROY), 9.9 million shares of U.S. GoldMining Inc. (NASDAQ:USGO), and 22.6 million shares of NevGold Corp. (TSXV:NAU). See goldmining.com for additional information.
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SOURCE GoldMining Inc.