GoldMining Inc 6-K, filed Oct 14, 2026

GoldMining Inc. (GLDG)

6-K 2026-10-14 For: 2026-10-31

Added on October 14, 2026

About this 6-K

GoldMining Inc filed this 6-K on October 14, 2026.

GoldMining Inc. reported a net loss of (30,675) for the nine months ended August 31, 2026, revised prior-period figures after reclassifying U.S. GoldMining warrants as derivative liabilities. Exploration expenses were 16,125, and cash and cash equivalents were 16,675. AI summary

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Exhibit Number	Description

99.1	Condensed consolidated interim financial statements for the three and nine months ended August 31, 2026 and 2025 (unaudited).
99.2	Management’s discussion and analysis for the three and nine months ended August 31, 2026.
99.3	Certification of interim filings – CEO, dated October 14, 2026.
99.4	Certification of interim filings – CFO, dated October 14, 2026.

GOLDMINING INC.


By:	/s/ Pat Obara
	Pat Obara
	Chief Financial Officer

Date:	October 14, 2026

			As at August 31,			As at November 30,
	Notes		2026			2025 (revised-note 3)
			($)			($)
Assets
Current assets
Cash and cash equivalents		4		16,675			24,937
Restricted cash				-			60
Restricted deposits		5		1,311			-
Income taxes receivable				56			158
Prepaid expenses and deposits				970			555
Short-term investments		6		30,256			1,383
Other assets				185			491
				49,453			27,584
Non-current assets
Reclamation deposits				-			494
Exploration and evaluation assets		7		57,875			57,998
Land, property and equipment		8		3,356			2,953
Investment in joint venture				455			629
Long-term investments		9		99,315			148,303
				210,454			237,961

Liabilities
Current liabilities
Accounts payable and accrued liabilities				2,683			2,171
Due to joint venture				28			29
Due to related parties		14		27			268
Lease liabilities				107			100
Income taxes payable				-			89
Withholding taxes payable				-			253
Derivative liabilities		12		-			1,598
				2,845			4,508
Non-current liabilities
Lease liabilities				118			199
Rehabilitation provisions				1,319			1,327
Deferred tax liability				4,164			3,926
				8,446			9,960

Equity
Issued capital		10		226,576			214,387
Reserves		10		15,674			14,786
Share issuance obligation				-			498
Accumulated deficit				(28,714	)		(8,718	)
Accumulated other comprehensive income (loss)				(13,515	)		4,627
Total equity attributable to shareholders of the Company				200,021			225,580
Non-controlling interests		11		1,987			2,421
				202,008			228,001
				210,454			237,961

			For the three months						For the nine months ended
			ended August 31,						August 31,
	Notes		2026			2025 (revised-note 3)			2026			2025 (revised-note 3)
			($)			($)			($)			($)
Operating expenses
Consulting fees				119			187			358			370
Depreciation		8		114			85			297			260
Directors' fees, employee salaries and benefits		14		898			617			2,572			1,794
Exploration expenses		7		11,398			3,764			16,125			5,334
General and administrative				1,182			1,549			5,158			5,323
Professional fees				283			339			1,537			1,833
Share-based compensation		10, 11		856			371			3,958			2,189
Share of loss in associate				-			641			-			346
Share of loss on investment in joint venture				1			45			7			51
				14,851			7,598			30,012			17,500
Operating loss				(14,851	)		(7,598	)		(30,012	)		(17,500	)

Other items
Interest income				115			35			509			174
Flow-through recovery				-			49			-			49
Gain on share sales of investment in associate				-			108			-			149
Gain on remeasurement of investment in NevGold				-			337			-			337
Gain on revaluation of derivative liabilities		12		-			355			1,342			3,248
Other expenses				(9	)		(46	)		(43	)		(103	)
Net foreign exchange gain				268			25			-			79
Net loss for the period before taxes				(14,477	)		(6,735	)		(28,204	)		(13,567	)
Current income tax expense				(35	)		(107	)		(37	)		(25	)
Deferred income tax recovery (expense)				378			7,094			(2,434	)		9,230
Net income (loss) for the period				(14,134	)		252			(30,675	)		(4,362	)

Attributable to:
Shareholders of the Company				(11,259	)		686			(26,762	)		(3,873	)
Non-controlling interests				(2,875	)		(434	)		(3,913	)		(489	)
Net income (loss) for the period				(14,134	)		252			(30,675	)		(4,362	)

Other comprehensive income (loss)
Items not subsequently reclassified to net income or loss:
Unrealized gain (loss) on short-term investments		6		(29,783	)		25			4,197			36
Unrealized gain (loss) on long-term investments		9		2,769			53,062			(24,193	)		68,888
Deferred tax recovery (expense) on investments				5,380			(7,068	)		2,272			(9,204	)
Items that may be reclassified subsequently to net income or loss:
Foreign currency adjustment reclassified to net loss				-			(134	)		-			(134	)
Foreign currency translation adjustments				(137	)		550			(334	)		(94	)
Total comprehensive income (loss) for the period				(35,905	)		46,687			(48,733	)		55,130

Attributable to:
Shareholders of the Company				(33,052	)		47,125			(44,805	)		55,641
Non-controlling interests		11		(2,853	)		(438	)		(3,928	)		(511	)
Total comprehensive income (loss) for the period				(35,905	)		46,687			(48,733	)		55,130

Net income (loss) per share, basic and diluted				(0.05	)		0.00			(0.13	)		(0.02	)

Weighted average number of shares outstanding, basic and diluted				214,899,324			199,261,103			213,618,843			196,848,393

																	Accumulated			Attributable
																	Other			to Shareholders			Non-
			Number of		Issued						Share Issuance			Accumulated			Comprehensive			of the			Controlling
	Notes		Shares		Capital			Reserves			Obligation			Deficit			Income (Loss)			Company			Interests			Total
					($)			($)			($)			($)			($)			($)			($)			($)
Balance at November 30, 2024 (revised- note 3)				194,740,857		190,785			14,050			91			(8,382	)		(86,930	)		109,614			432			110,046
Restricted share rights vested		10		356,265		427			(700	)		273			-			-			-			-			-
US GoldMining																					-						-
Options exercised				-		-			-			-			(2	)		-			(2	)		2			-
Restricted share rights vested				-		-			-			-			(2	)		-			(2	)		2			-
At-the-Market offering:
Common shares issued for cash				-		-			-			-			2,848			-			2,848			809			3,657
Agents' fees and issuance costs				-		-			-			-			(82	)		-			(82	)		(21	)		(103	)
At-the-Market offering:
Common shares issued for cash		10		4,755,273		5,086			-			-			-			-			5,086			-			5,086
Agents' fees and issuance costs		10		-		(127	)		-			-			-			-			(127	)		-			(127	)
Common shares issued in flow-through share financing				373,135		399			-			-			-			-			399			-			399
Share-based compensation		10,11		-		-			1,521			-			538			-			2,059			130			2,189
Transfer of OCI to accumulated- deficit upon disposal of investment				-		-			-			-			(53	)		53			-			-			-
Other comprehensive income (loss)				-		-			-			-			-			59,514			59,514			(22	)		59,492
Net loss for the period				-		-			-			-			(3,873	)		-			(3,873	)		(489	)		(4,362	)
Balance at August 31, 2025(revised- note 3)				200,225,530		196,570			14,871			364			(9,008	)		(27,363	)		175,434			843			176,277
Options exercised		10		656,751		956			(512	)		-			-			-			444			-			444
Restricted share rights vested		10		88,179		128			(262	)		134			-			-			-			-			-
US GoldMining
Options exercised				-		-			-			-			(1	)		-			(1	)		1			-
Restricted share rights vested				-		-			-			-			(1	)		-			(1	)		1			-
At-the-Market offering:
Common shares issued for cash				-		-			-			-			7,087			-			7,087			2,377			9,464
Agents' fees and issuance costs				-		-			-			-			(188	)		-			(188	)		(60	)		(248	)
At-the-Market offering:
Common shares issued for cash		10		8,278,220		16,233			-			-			-			-			16,233			-			16,233
Agents' fees and issuance costs		10		-		(406	)		-			-			-			-			(406	)		-			(406	)
Share-based compensation		10,11		-		-			689			-			67			-			756			21			777
Deferred tax benefits of share issuance costs				-		906			-			-			-			-			906			-			906
Other comprehensive income				-		-			-			-			-			31,990			31,990			18			32,008
Net loss for the period				-		-			-			-			(6,674	)		-			(6,674	)		(780	)		(7,454	)
Balance at November 30, 2025 (revised- note 3)				209,248,680		214,387			14,786			498			(8,718	)		4,627			225,580			2,421			228,001
Options exercised		10		215,364		446			(176	)		-			-			-			270			-			270
Restricted share rights vested		10		423,862		676			(711	)		(498	)		-			-			(533	)		-			(533	)
US GoldMining
Warrants exercised, net of financing fees				-		-			-			-			(221	)		-			(221	)		551			330
Restricted share rights vested				-		-			-			-			(52	)		-			(52	)		52			-
At-the-Market offering:
Common shares issued for cash		11		-		-			-			-			1,533			-			1,533			644			2,177
Agents' fees and issuance costs		11		-		-			-			-			(46	)		-			(46	)		(16	)		(62	)
Registered direct offering		11		-		-			-			-			3,823						3,823			1,710			5,533
At-the-Market offering:
Common shares issued for cash		10		5,596,183		11,351			-			-			-			-			11,351			-			11,351
Agents' fees and issuance costs		10		-		(284	)		-			-			-			-			(284	)		-			(284	)
Share-based compensation		10, 11		-		-			1,775			-			1,630			-			3,405			553			3,958
Transfer of OCI to accumulated- deficit upon disposal of investment				-		-			-			-			99			(99	)		-			-			-
Other comprehensive loss				-		-			-			-			-			(18,043	)		(18,043	)		(15	)		(18,058	)
Net loss for the period				-		-			-			-			(26,762	)		-			(26,762	)		(3,913	)		(30,675	)
Balance at August 31, 2026				215,484,089		226,576			15,674			-			(28,714	)		(13,515	)		200,021			1,987			202,008

	As at November 30,
	2024 (as reported)			Adjustments			2024 (as revised)
Liabilities
Derivative liabilities		-			5,115			5,115
Current liabilities		4,235			5,115			9,350
Total liabilities		5,800			5,115			10,915

Equity
Accumulated deficit		(4,436	)		(3,946	)		(8,382	)
Accumulated other comprehensive income		(86,731	)		(199	)		(86,930	)
Total equity attributable to shareholders of the Company		113,759			(4,145	)		109,614
Non-controlling interests		1,402			(970	)		432
Total equity		115,161			(5,115	)		110,046

	As at August 31,
	2025 (as reported)			Adjustments			2025 (as revised)
Liabilities
Derivative liabilities		-			1,872			1,872
Current liabilities		2,954			1,872			4,826
Total liabilities		4,473			1,872			6,345

Equity
Accumulated deficit		(7,731	)		(1,277	)		(9,008	)
Accumulated other comprehensive income		(27,159	)		(204	)		(27,363	)
Total equity attributable to shareholders of the Company		176,915			(1,481	)		175,434
Non-controlling interests		1,234			(391	)		843
Total equity		178,149			(1,872	)		176,277

	For the three months ended
	August 31
	2025 (as reported)			Adjustments		2025 (as revised)
Other items
Gain on revaluation of derivative liabilities		-			355		355
Net loss for the period before taxes		(7,090	)		355		(6,735	)
Net income (loss) for the period		(103	)		355		252

Attributable to:
Shareholders of the Company		372			314		686
Non-controlling interests		(475	)		41		(434	)
Net income (loss) for the period		(103	)		355		252

Other comprehensive income (loss)
Items that may be reclassified subsequently to net income or loss:
Foreign currency translation adjustments		549			1		550
Total comprehensive income for the period		46,331			356		46,687
Attributable to:
Shareholders of the Company		46,810			315		47,125
Non-controlling interests		(479	)		41		(438	)
Total comprehensive income for the period		46,331			356		46,687

	August 31,		November 30,
	2026		2025
	($)		($)
Cash and cash equivalents consist of:
Cash at bank and on hand		10,063		4,396
Term deposits		6,612		20,541
Total		16,675		24,937

										Right-of-
										Use Assets
				Buildings and			Office			(Office and)			Exploration
	Land			Camp Structures			Equipment			warehouse space)			Equipment			Vehicles			Total
	($)			($)			($)			($)			($)			($)			($)
Cost
Balance at November 30, 2024		1,107			2,433			217			451			398			623			5,229
Disposition		-			-			(1	)		-			-			-			(1	)
Impact of foreign currency translation		(3	)		(6	)		6			4			2			-			3
Balance at November 30, 2025		1,104			2,427			222			455			400			623			5,231
Additions		-			166			-			-			438			112			716
Impact of foreign currency translation		(6	)		(16	)		1			(1	)		-			(3	)		(25	)
Balance at August 31, 2026		1,098			2,577			223			454			838			732			5,922

Accumulated Depreciation
Balance at November 30, 2024		-			947			206			83			271			422			1,929
Depreciation		-			160			5			91			30			60			346
Disposition		-			-			(1	)		-			-			-			(1	)
Impact of foreign currency translation		-			(5	)		6			1			2			-			4
Balance at November 30, 2025		-			1,102			216			175			303			482			2,278
Depreciation		-			116			4			70			49			58			297
Impact of foreign currency translation		-			(7	)		1			-			(1	)		(2	)		(9	)
Balance at August 31, 2026		-			1,211			221			245			351			538			2,566

Net Book Value
At November 30, 2025		1,104			1,325			6			280			97			141			2,953
At August 31, 2026		1,098			1,366			2			209			487			194			3,356

	Restricted Share Rights ($)			Share Options ($)			Warrants ($)		Total ($)
Balance at November 30, 2024		18			10,491			3,541		14,050
Restricted share rights vested		(700	)		-			-		(700	)
Share-based compensation		835			686			-		1,521
Balance at August 31, 2025		153			11,177			3,541		14,871
Options exercised		-			(512	)		-		(512	)
Restricted share rights vested		(262	)		-			-		(262	)
Share-based compensation		116			573			-		689
Balance at November 30, 2025		7			11,238			3,541		14,786
Options exercised		-			(176	)		-		(176	)
Restricted share rights vested		(711	)		-			-		(711	)
Share-based compensation		647			1,128			-		1,775
Balance at August 31, 2026		(57	)		12,190			3,541		15,674

	Number of Options			Weighted Average Exercise Price ($)
Balance at November 30, 2024		15,481,429			1.61
Granted		250,000			1.24
Expired		(250,000	)		2.46
Forfeited		(245,000	)		1.71
Balance at August 31, 2025		15,236,429			1.58
Granted		2,797,000			1.94
Exercised		(1,091,984	)		1.30
Expired		(1,675,000	)		2.88
Balance at November 30, 2025		15,266,445			1.53
Granted		289,200			2.12
Exercised⁽¹⁾		(350,000	)		1.42
Forfeited		(31,500	)		1.76
Balance at August 31, 2026		15,174,145			1.54

	Nine months ended August 31, 2026			Nine months ended August 31, 2025
Risk-free interest rate		2.60	%		2.68	%
Expected life (years)		2.87			2.81
Expected volatility		45.08	%		40.27	%
Expected dividend yield		0.00	%		0.00	%
Estimated forfeiture rate		5.99	%		0.27	%

			Options Outstanding						Options Exercisable
Exercise Prices			Number of Options Outstanding		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (years)		Number of Options Exercisable		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (years)
$1.09	-	$1.18		3,000,000		1.09		2.15		3,000,000		1.09		2.15
$1.19	-	$1.59		2,763,750		1.21		3.06		2,763,750		1.21		3.06
$1.60	-	$1.72		3,811,750		1.60		1.23		3,811,750		1.60		1.23
$1.73	-	$1.89		2,367,500		1.83		0.20		2,367,500		1.83		0.20
$1.90	-	$2.34		3,231,145		1.96		4.06		1,690,245		1.97		3.88
				15,174,145		1.54		2.19		13,633,245		1.50		1.95

	Number of RSRs			Weighted Average Value ($)
Balance at November 30, 2024		765,165			1.19
Vested		(588,140	)		1.19
Forfeited		(6,500	)		1.19
Balance at August 31, 2025		170,525			1.19
Granted		379,840			1.94
Vested		(200,679	)		1.30
Balance at November 30, 2025		349,686			1.94
Granted		15,000			1.71
Vested⁽¹⁾		(276,491	)		1.94
Forfeited		(7,275	)		1.51
Balance at August 31, 2026		80,920			1.94

	For the nine months ended			For the nine months ended
	August 31, 2026			August 31, 2025
	($)			($)
Cash used in operating activities		(13,574	)		(5,470	)
Cash used in investing activities		(746	)		-
Cash generated from financing activities		9,902			3,554

Effect of exchange rate changes on cash		(72	)		(116	)

Net decrease in cash and cash equivalents and restricted cash		(4,490	)		(2,032	)
Cash and cash equivalents and restricted cash
Beginning of period		10,253			5,666
End of period		5,763			3,634

	Number of Options			Weighted Average Exercise Price (US$)
Balance at November 30, 2024		185,550			10.00
Granted		140,500			10.00
Exercised		(20,000	)		10.00
Forfeited		(12,500	)		10.00
Balance at August 31, 2025		293,550			10.00
Exercised		(13,750	)		10.00
Balance at November 30, 2025		279,800			10.00
Granted		155,500			9.55
Forfeited		(34,800	)		9.81
Balance at August 31, 2026		400,500	⁽¹⁾		9.84

	Nine months ended August 31, 2026			Nine months ended August 31, 2025
Share price at grant date	US$9.55			US$8.74
Risk-free interest rate		3.51	%		4.32	%
Expected life (years)		3.00			3.00
Expected volatility⁽¹⁾		56.95	%		55.45	%
Expected dividend yield		0.00	%		0.00	%
Estimated forfeiture rate		0.00	%		0.00	%

	Number of RSUs			Weighted Average Value (US$)
Balance at November 30, 2024		-			-
Granted		15,050			8.32
Vested		(7,326	)		8.32
Forfeited		(600	)		8.32
Balance at August 31, 2025		7,124			8.32
Granted		5,000			9.25
Vested		(3,563	)		8.32
Balance at November 30, 2025		8,561			8.86
Granted		16,200			9.40
Vested		(15,161	)		9.11
Forfeited		(1,000	)		9.40
Balance at August 31, 2026		8,600			9.38

	Number of Warrants			Weighted Average Exercise Price (US$)
Balance at November 30, 2024, August 31, 2025, and November 30, 2025		1,740,992			13.00
Exercised⁽¹⁾		(455,837	)		13.00
Expired		(1,285,155	)		13.00
Balance at August 31, 2026		-			-

Equity Holdings	Exchange	Number of Securities	Fair Value⁽¹⁾
U.S. GoldMining	Nasdaq Capital Market	10,000,751 shares	$124.3 million (US$89.5 million)
Gold Royalty Corp.	NYSE American	21,533,125 shares	$99.3 million (US$71.5 million)
NevGold	TSX Venture	19,073,350 shares	$27.7 million⁽²⁾
Australian Mines Limited	Australian Stock Exchange	84,429,563 shares	$2.6 million (AU$2.6 million)

	Total non-current assets
	As at August 31, 2026		As at November 30, 2025
	($)		($)
Canada		107,067		156,661
Colombia		31,098		31,308
Brazil		12,662		12,665
Peru		7,409		7,452
United States		2,765		2,291
Total		161,001		210,377

	Total operating loss				Total operating loss
	For the three months ended				For the nine months ended
	August 31, 2026		August 31, 2025		August 31, 2026		August 31, 2025
	($)		($)		($)		($)
United States		10,609		2,309		16,322		4,821
Canada		1,826		2,759		7,583		8,226
Brazil		970		1,831		3,368		2,919
Colombia		1,231		364		2,452		1,173
Peru		215		335		287		361
Total		14,851		7,598		30,012		17,500

	Total assets				Total liabilities
	As at August 31,		As at November 30,		As at August 31,		As at November 30,
	2026		2025		2026		2025 (revised- Note 3)
	($)		($)		($)		($)
U.S. GoldMining⁽¹⁾		8,981		12,891		2,012		2,882
Others⁽²⁾		201,473		225,070		6,434		7,078
Total		210,454		237,961		8,446		9,960

	For the three months ended August 31, 2026									For the three months ended August 31, 2025 (revised-note 3)
	U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total			U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total
	($)			($)			($)			($)			($)			($)
Operating expenses
Consulting fees		-			119			119			38			149			187
Depreciation		92			22			114			63			22			85
Directors' fees, employee salaries and benefits		168			730			898			136			481			617
Exploration expenses		9,646			1,752			11,398			1,626			2,138			3,764
General and administrative		409			773			1,182			461			1,088			1,549
Professional fees		(7	)		290			283			80			259			339
Share-based compensation		550			306			856			112			259			371
Share of loss in associate		-			-			-			-			641			641
Share of loss on investment in joint venture		-			1			1			-			45			45
		10,858			3,993			14,851			2,516			5,082			7,598
Operating loss		(10,858	)		(3,993	)		(14,851	)		(2,516	)		(5,082	)		(7,598	)

Other items
Interest income		37			78			115			35			-			35
Flow-through recovery		-			-			-			-			49			49
Gain on sales of investment in associate		-			-			-			-			108			108
Gain on remeasurement of investment in NevGold		-			-			-			-			337			337
Gain on revaluation of derivative liabilities		-			-			-			355			-			355
Other expenses		(8	)		(1	)		(9	)		(9	)		(37	)		(46	)
Net foreign exchange gain (loss)		2			266			268			(4	)		29			25
Net loss for the period before taxes		(10,827	)		(3,650	)		(14,477	)		(2,139	)		(4,596	)		(6,735	)
Current income tax expense		-			(35	)		(35	)		-			(107	)		(107	)
Deferred income tax recovery		-			378			378			-			7,094			7,094
Net income (loss) for the period		(10,827	)		(3,307	)		(14,134	)		(2,139	)		2,391			252

	For the nine months ended August 31, 2026									For the nine months ended August 31, 2025 (revised-note 3)
	U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total			U.S. GoldMining⁽¹⁾			Others⁽²⁾			Total
	($)			($)			($)			($)			($)			($)
Operating expenses
Consulting fees		-			358			358			55			315			370
Depreciation		229			68			297			191			69			260
Directors' fees, employee salaries and benefits		510			2,062			2,572			449			1,345			1,794
Exploration expenses		11,812			4,313			16,125			2,130			3,204			5,334
General and administrative		1,844			3,314			5,158			1,773			3,550			5,323
Professional fees		502			1,035			1,537			456			1,377			1,833
Share-based compensation		2,183			1,775			3,958			668			1,521			2,189
Share of loss in associate		-			-			-			-			346			346
Share of loss on investment in joint venture		-			7			7			-			51			51
		17,080			12,932			30,012			5,722			11,778			17,500
Operating loss		(17,080	)		(12,932	)		(30,012	)		(5,722	)		(11,778	)		(17,500	)

Other items
Interest income		177			332			509			128			46			174
Flow-through recovery		-			-			-			-			49			49
Gain on sales of investment in associate		-			-			-			-			149			149
Gain on remeasurement of investment in NevGold		-			-			-			-			337			337
Gain on revaluation of derivative liabilities		1,342			-			1,342			3,248			-			3,248
Other expenses		(23	)		(20	)		(43	)		(26	)		(77	)		(103	)
Net foreign exchange gain (loss)		(6	)		6			-			(5	)		84			79
Net loss for the period before taxes		(15,590	)		(12,614	)		(28,204	)		(2,377	)		(11,190	)		(13,567	)
Current income tax expense		-			(37	)		(37	)		(5	)		(20	)		(25	)
Deferred income tax recovery (expense)		-			(2,434	)		(2,434	)		-			9,230			9,230
Net loss for the period		(15,590	)		(15,085	)		(30,675	)		(2,382	)		(1,980	)		(4,362	)

	Amount ($)
Due within 1 year		296
1 – 3 years		97
3 – 5 years		-
More than 5 years		-
Total		393	⁽¹⁾

Selected Operating Results	U.S. GoldMining⁽¹⁾								Others⁽²⁾									Consolidated
	For the three months ended								For the three months ended									For the three months ended
	August 31,		August 31,						August 31,			August 31,						August 31,			August 31,
(in millions of dollars)	2026 ($)		2025-revised ($)			Change ($)			2026 ($)			2025-revised ($)			Change ($)			2026 ($)			2025-revised ($)			Change ($)
Operating loss		10.9		2.5			8.4			4.0			5.1			(1.1	)		14.9			7.6			7.3
Consulting fees		-		-			-			0.1			0.2			(0.1	)		0.1			0.2			(0.1	)
Directors' fees, employee salaries and benefits		0.2		0.1			0.1			0.7			0.5			0.2			0.9			0.6			0.3
Exploration expenses		9.6		1.6			8.0			1.8			2.2			(0.4	)		11.4			3.8			7.6
General and administrative expenses		0.4		0.5			(0.1	)		0.8			1.0			(0.2	)		1.2			1.5			(0.3	)
Professional fees		-		0.1			(0.1	)		0.3			0.2			0.1			0.3			0.3			-
Share-based compensation		0.6		0.1			0.5			0.3			0.3			-			0.9			0.4			0.5
Share of loss in associate		-		-			-			-			0.6			(0.6	)		-			0.6			(0.6	)
Gain on revaluation of derivative liabilities		-		(0.4	)		0.4			-			-			-			-			(0.4	)		0.4
Gain on remeasurement of investment in NevGold		-		-			-			-			(0.3	)		0.3			-			(0.3	)		0.3
Current income tax expense		-		-			-			-			0.1			(0.1	)		-			0.1			(0.1	)
Deferred income tax recovery		-		-			-			(0.4	)		(7.1	)		6.7			(0.4	)		(7.1	)		6.7
Net loss (income)		10.8		2.1			8.7			3.3			(2.4	)		5.7			14.1			(0.3	)		14.4

For the quarter ended	Net Income (loss)						Net Income (loss)			Basic and diluted net loss per share						Basic and diluted net loss per share
	(as reported)			Adjustments			(as revised)			(as reported)			Adjustments			(as revised)
(in thousands of dollars, except per share amounts)	($)						($)			($)						($)
August 31, 2026		(14,134	)		-			(14,134	)		(0.05	)		-			(0.05	)
May 31, 2026		(8,772	)		-			(8,772	)		(0.04	)		-			(0.04	)
February 28, 2026		(7,246	)		(523	)		(7,769	)		(0.03	)		-			(0.03	)
November 30, 2025		(7,722	)		268			(7,454	)		(0.04	)		0.01			(0.03	)
August 31, 2025		(103	)		355			252			(0.00	)		-			0.00
May 31, 2025		(2,616	)		810			(1,806	)		(0.01	)		-			(0.01	)
February 28, 2025		(4,891	)		2,083			(2,808	)		(0.02	)		0.01			(0.01	)
November 30, 2024		(9,396	)		(3,826	)		(13,222	)		(0.04	)		(0.02	)		(0.06	)

Contractual Obligations	Payments Due by Period
	Total		Less than 1 year		1 – 3 years		3 – 5 years		After 5 years
(in thousands of dollars)	($)		($)		($)		($)		($)
Office and Storage Leases		647		418		229		-		-
Land Access Agreements		16		16		-		-		-
Total Contractual Obligations		663		434		229		-		-

Expiry Date	Exercise/Grant Price ($)		Number Outstanding
November 11, 2026		1.83		2,227,500
November 24, 2026		1.84		140,000
December 07, 2026		1.57		25,000
January 17, 2027		1.98		18,945
January 18, 2027		2.01		50,000
April 07, 2027		2.07		100,000
June 20, 2027		1.46		25,000
July 15, 2027		1.18		75,000
November 24, 2027		1.60		3,811,750
May 08, 2028		1.45		50,000
May 24, 2028		1.34		75,000
November 04, 2028		1.09		2,875,000
December 01, 2028		1.22		240,000
January 16, 2029		1.14		50,000
November 27, 2029		1.19		2,098,750
March 14, 2030		1.24		250,000
November 28, 2030		1.94		2,773,000
December 03, 2030		1.97		50,000
January 23, 2031		2.34		100,000
February 16, 2031		2.07		100,000
April 20, 2031		1.90		39,200
			15,174,145