U.S. GoldMining Gains on Identifying New Gold-Copper Target Areas

Dow Jones01-21

By Elias Schisgall

Shares of U.S GoldMining rose after the company said it had identified four high priority target areas in Alaska for possible gold-copper deposits following its 2025 exploration program.

The stock was up 13%, at $12.92, Tuesday afternoon and has risen 39% in the past 12 months.

The company said Tuesday that its exploration of the Whistler Orbit prospect area yielded four target areas with indications "suggestive of potential for the future discovery of new bedrock porphyry gold-copper mineralization."

It said it was preparing the highest priority targets for infill and expansion scout drilling, followed by diamond core drilling. The drilling is expected to begin this summer.

The company said it continues to advance its initial assessment study for the project.

U.S. GoldMining Chief Executive Officer Tim Smith said that the exploration program's results were encouraging, especially given the rise in rare-metals prices.

"We believe that the combination of gold, copper and silver hitting all-time high commodity prices over recent months, the existing large gold-copper-silver mineral resource and district-scale exploration potential and the project's location in one of America's most prospective and mining-friendly jurisdictions, Alaska, marks a potential inflection point for the Company over the coming year," Smith said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 20, 2026 15:18 ET (20:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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