VANCOUVER, BC, March 14,
2022 /PRNewswire/ - GoldMining Inc. (the
"Company" or "GoldMining") (TSX: GOLD) (NYSE
American: GLDG) is pleased to announce that it has acquired an
existing 1% net smelter return ("NSR") royalty on the
Company's Yarumalito Project in Colombia from Newrange Gold Corp.
("Newrange"). Pursuant to the agreement, the Company paid Newrange
CAD$100,000 in cash and delivered
10,000 common shares of the Company.
Alastair Still, CEO of
GoldMining, commented, "Yarumalito was acquired by the Company in
2019 as part of a strategic consolidation of three projects in the
Mid Cauca Belt of Colombia that
form a district-scale property package in one of the underexplored
gold-copper belts in the world. By acquiring this royalty,
GoldMining provides additional optionality for future exploration,
joint ventures or value-enhancing transactions as we continue our
disciplined approach of unlocking value from our portfolio of gold
and gold-copper projects located throughout the Americas."
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused
on the acquisition and development of gold assets in the Americas.
Through its disciplined acquisition strategy, GoldMining now
controls a diversified portfolio of resource-stage gold and
gold-copper projects in Canada,
U.S.A., Brazil, Colombia, and Peru. The Company also owns 20 million
shares of Gold Royalty Corp. (NYSE American: GROY).
Forward-looking Statements
This document contains certain forward-looking statements that
reflect the current views and/or expectations, including regarding
its strategic and project plans for its projects. Forward-looking
statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the
markets in which GoldMining operates. Investors are cautioned that
all forward-looking statements involve risks and uncertainties,
including: delays to plans caused by restrictions and other future
impacts of COVID-19 or any other inability of the Company to meet
expected timelines for planned project activities, including the
timing of proposed project studies and programs; the inherent risks
involved in the exploration and development of mineral properties,
fluctuating metal prices, proposed studies may not confirm
GoldMining's expectations for its projects, unanticipated costs and
expenses, risks related to government and environmental regulation,
social, permitting and licensing matters, and uncertainties
relating to the availability and costs of financing needed in the
future. These risks, as well as others, including those set forth
in GoldMiningꞌs Annual Information Form for the year ended
November 30, 2021, and other filings
with Canadian securities regulators and the U.S. Securities and
Exchange Commission, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance
on forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake any
obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by
applicable securities law.
View original
content:https://www.prnewswire.com/news-releases/goldmining-acquires-existing-nsr-royalty-on-its-yarumalito-project-colombia-301501506.html
SOURCE GoldMining Inc.
