Goldmining sells 3.5 million Nevgold shares

Executive Summary

• Goldmining Inc. disposed of 3.5 million common shares of Nevgold Corp., reducing its stake from ~19.8% to ~16.7% of outstanding Nevgold shares.
• The disposition was executed via a block trade on the TSX Venture Exchange facilities.
• An early‑warning report will be filed under NI 62‑103 on SEDAR+; the company may further adjust its Nevgold holdings based on market conditions and strategic considerations.

Key Details

• Shares Disposed: 3,500,000 common shares of Nevgold Corp.
• Pre‑disposition Holding: 22,573,350 shares (≈19.8% of Nevgold’s outstanding shares).
• Post‑disposition Holding: 19,073,350 shares (≈16.7% of Nevgold’s outstanding shares).
• Transaction Type: Block trade conducted through TSX Venture Exchange facilities.
• Purpose: Investment‑related portfolio rebalancing; future disposals or additional purchases possible depending on market conditions and strategic plans.
• Regulatory Filing: Early warning report to 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 provided in the release.)