U.S. GoldMining Provides Updates on the 2026 Exploration Program and District Infrastructure Catalysts at its 100% Owned Whistler Project, Alaska

U.S. GoldMining said its 2026 exploration program at the Whistler gold-copper project in Alaska is ahead of schedule, with camp opening, equipment mobilization, and drill pad construction already underway. Drilling is expected to begin in the coming weeks, targeting high-priority areas in the Whistler-Raintree zone to support step-out growth and further de-risk the project. The company highlighted its March 2026 PEA, which showed a $2.0 billion after-tax NPV5%, a 33% IRR, and a 2.1-year payback at base-case metal prices. Management also pointed to favorable macro conditions, especially strong copper prices, and a potential district catalyst from Terra Energy Center’s $89 million DOE funding for a nearby power project that could improve the case for the West Susitna Access Road and future mine development. Overall, the release is positive for the project outlook and reinforces longer-term development optionality.