GoldMining Inc. (GLDG) has renewed its at‑the‑market (ATM) equity program, allowing the company to issue up to US$50 million of common shares at the prevailing market price. The renewal, announced on December 8, 2025, replaces a program that expired on December 24, 2025 and will remain in effect until the cap is reached or until December 8, 2026, whichever comes first.
The company plans to deploy the net proceeds from any ATM sales to fund exploration and development activities, pay property costs, and support future acquisitions. This strategy reflects GoldMining’s ongoing need for flexible, low‑cost capital, especially given that the company has reported zero revenue growth over the past three years and continues to post losses, underscoring the importance of a readily available financing tool.
The ATM program is managed by a syndicate of agents led by BMO Capital Markets, with participation from National Bank Financial, Canaccord Genuity, H.C. Wainwright & Co., Roth Capital Partners and Ventum Financial. The program’s structure provides GoldMining with the ability to tap capital as project needs arise, a feature that is particularly valuable in the capital‑intensive mining sector.
GoldMining’s portfolio includes a diversified mix of gold and gold‑copper assets across the Americas. The renewal of the ATM program signals the company’s commitment to advancing its exploration pipeline and pursuing strategic acquisitions, while maintaining the flexibility to respond to market opportunities and operational demands.
The ATM program’s renewal is part of GoldMining’s broader financing strategy, which has included similar agreements in December 2022 and December 2024. By extending this program, the company positions itself to sustain its development agenda without relying on more costly or restrictive financing options.
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