Goldmining sells 1.5 million Nevgold shares

Executive Summary

• Goldmining Inc. disposed of 1.5 million Nevgold Corp. common shares via block trades on the TSX Venture Exchange, reducing its stake from ~21.1% to ~19.8%.
• The disposition triggers filing of an early‑warning report under NI 62‑103, which will be posted on SEDAR+.
• Goldmining states the sale was for investment purposes and may dispose of additional holdings in the future, subject to market conditions and strategic considerations.

Key Details

• Shares Disposed: 1,500,000 Nevgold Corp. common shares (block trades).
• Pre‑Disposition Holding: 24,073,350 shares (~21.1% of Nevgold’s outstanding shares).
• Post‑Disposition Holding: 22,573,350 shares (~19.8% of Nevgold’s outstanding shares).
• Reason for Sale: Investment purposes; future disposition or retention will depend on market conditions and strategic plans.
• Regulatory Action: An early‑warning report will be filed pursuant to National Instrument 62‑103 on SEDAR+ under Nevgold’s profile.
• Contact for Report: Pat Obara, Chief Financial Officer, Goldmining Inc., 1188 West Georgia St., Suite 1830, Vancouver, B.C., V6E 4A2; Tel: 1‑855‑630‑1001.

Notable Quotes

(No direct quotes were provided in the release.)