U.S. GoldMining Secures $25M AIDEA Funding For West Susitna Access Project

U.S. GoldMining Inc. (NASDAQ:USGO) ("U.S. GoldMining" or the "Company") is pleased to provide an update on the proposed West Susitna Access Project ("WSAP"), a State-led road initiative that, as designed, would connect the Whistler Gold-Copper Project ("Whistler" or the "Project") with existing highway, rail, power, and port infrastructure in the Anchorage area of Southcentral Alaska. 

Highlights:

• $25 Million Funding Authorization: On August 27, 2026, the Alaska Industrial Development and Export Authority ("AIDEA") announced it has authorized up to $25 million to fund the geotechnical drilling program and associated permitting, hydrologic, and engineering work for the WSAP.
   
• Advancing Final Design: Geotechnical data is a gating input for the final design of the proposed road. The authorized program will provide information needed to advance bridge foundation design, material site development, culvert sizing, and refinement of the road alignment over the 2026 and 2027 field seasons.
   
• Unlocking the West Susitna Mineral District: The WSAP comprises a 22-mile public road led by the Alaska Department of Transportation and Public Facilities ("ADOT&PF") and a 78.5-mile public-private road led by AIDEA, terminating at the Company's exploration camp near the Whistler deposit.