$USGO
U.S. GoldMining Inc.

2024 Q4 Form 10-Q Financial Statement

#000149315224045164 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $477.9K $1.146M
YoY Change -58.29%
% of Gross Profit
Research & Development $3.911M $1.474M
YoY Change 165.29%
% of Gross Profit
Depreciation & Amortization $35.44K $5.530K
YoY Change 540.87%
% of Gross Profit
Operating Expenses $4.429M $2.631M
YoY Change 68.36% 444.88%
Operating Profit -$4.429M -$2.631M
YoY Change 68.36% 444.88%
Interest Expense $84.74K $195.4K
YoY Change -56.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.345M -$2.436M
YoY Change 78.38%
Income Tax $1.247K
% Of Pretax Income
Net Earnings -$4.346M -$2.436M
YoY Change 78.43% 403.13%
Net Earnings / Revenue
Basic Earnings Per Share -$0.35 -$0.20
Diluted Earnings Per Share -$0.35 -$0.20
COMMON SHARES
Basic Shares Outstanding 12.44M shares 12.40M shares 12.39M shares
Diluted Shares Outstanding 12.40M shares 12.39M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.401M $13.78M
YoY Change -68.06%
Cash & Equivalents $4.401M $13.78M
Short-Term Investments
Other Short-Term Assets $816.2K $1.625M
YoY Change -49.78%
Inventory $36.18K $32.05K
Prepaid Expenses $727.8K $271.9K
Receivables
Other Receivables $31.11K
Total Short-Term Assets $5.285M $15.58M
YoY Change -66.09%
LONG-TERM ASSETS
Property, Plant & Equipment $923.5K $936.5K
YoY Change -1.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.072M $1.102M
YoY Change -2.66%
TOTAL ASSETS
Total Short-Term Assets $5.285M $15.58M
Total Long-Term Assets $1.072M $1.102M
Total Assets $6.357M $16.68M
YoY Change -61.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $391.5K $172.4K
YoY Change 127.04%
Accrued Expenses $67.71K $72.42K
YoY Change -6.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $665.9K $448.8K
YoY Change 48.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $291.6K $375.4K
YoY Change -22.33%
Total Long-Term Liabilities $291.6K $375.4K
YoY Change -22.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $665.9K $448.8K
Total Long-Term Liabilities $291.6K $375.4K
Total Liabilities $957.4K $824.2K
YoY Change 16.16%
SHAREHOLDERS EQUITY
Retained Earnings -$21.51M -$10.74M
YoY Change 100.18%
Common Stock $12.40K $12.40K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.399M $15.86M
YoY Change
Total Liabilities & Shareholders Equity $6.357M $16.68M
YoY Change -61.9%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$4.346M -$2.436M
YoY Change 78.43% 403.13%
Depreciation, Depletion And Amortization $35.44K $5.530K
YoY Change 540.87%
Cash From Operating Activities -$3.821M -$3.850M
YoY Change -0.75%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$942.0K
YoY Change
Cash From Investing Activities $0.00 -$942.0K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.210K 590.1K
YoY Change -99.46%
NET CHANGE
Cash From Operating Activities -3.821M -3.850M
Cash From Investing Activities 0.000 -942.0K
Cash From Financing Activities 3.210K 590.1K
Net Change In Cash -3.817M -4.201M
YoY Change -9.14%
FREE CASH FLOW
Cash From Operating Activities -$3.821M -$3.850M
Capital Expenditures $0.00
Free Cash Flow -$3.821M
YoY Change

Facts In Submission

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dei Entity Registrant Name
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U.S. GOLDMINING INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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7266 usd
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Stockholders Equity
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Other
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 USGO Stock Issued During Period Value Amortization Of Sharebased Compensation
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1024261 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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CY2023Q2 USGO Stock Issued During Period Value Issued Upon Exercise Of Warrants
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2023Q2 USGO Warrants Issued During Period Value Underwriter Fees And Issuance Costs Of Warrants
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Other
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StockIssuedDuringPeriodValueIssuedForServices
65700 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10740 usd
CY2023Q2 USGO Stock Issued During Period Value Amortization Of Sharebased Compensation
StockIssuedDuringPeriodValueAmortizationOfSharebasedCompensation
173519 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-2919318 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
17299582 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
17299582 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
4376 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2286 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2286 usd
CY2023Q3 USGO Stock Issued During Period Value Amortization Of Sharebased Compensation
StockIssuedDuringPeriodValueAmortizationOfSharebasedCompensation
84110 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-3160702 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
14229652 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
14229652 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_zyLKvJ3zj0Sg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zu6Ex1IJSnS">Management’s Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of income and expenses during the quarters presented. On an ongoing basis, management evaluates its judgments and estimates in relation to assets, liabilities, income and expenses. Management uses historical experience and various other factors it believes to be reasonable under given circumstances as the basis for its judgments and estimates. Actual outcomes may differ from these estimates under different assumptions and conditions. Significant estimates made by management include, but are not limited to, asset retirement obligations and share-based compensation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
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CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
703893 usd
CY2024Q3 us-gaap Deposit Assets
DepositAssets
4000000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
10500000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2024Q3 us-gaap Restricted Cash
RestrictedCash
88469 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q3 USGO Prepaid Advances
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CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2024Q3 us-gaap Prepaid Insurance
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CY2023Q4 us-gaap Prepaid Insurance
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CY2024Q3 USGO Prepaid Dues And Subscriptions
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CY2024Q3 us-gaap Other Prepaid Expense Current
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CY2023Q4 us-gaap Other Prepaid Expense Current
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CY2024Q3 us-gaap Prepaid Expense Current
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CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2024Q3 us-gaap Property Plant And Equipment Gross
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CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2024Q3 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Property Plant And Equipment Net
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841844 usd
CY2023Q2 us-gaap Lessee Operating Lease Term Of Contract
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CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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LesseeOperatingLeaseDiscountRate
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27076 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
122498 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25762 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
96736 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
9032 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
9252 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
27168 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9252 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2250 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6450 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
4350 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2024Q3 us-gaap Lease Cost
LeaseCost
11282 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
15702 usd
us-gaap Lease Cost
LeaseCost
31518 usd
us-gaap Lease Cost
LeaseCost
19002 usd
CY2024Q3 USGO Drilling
Drilling
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CY2023Q3 USGO Drilling
Drilling
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USGO Drilling
Drilling
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USGO Drilling
Drilling
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CY2024Q3 USGO Camp And Field Support Expenses
CampAndFieldSupportExpenses
847382 usd
CY2023Q3 USGO Camp And Field Support Expenses
CampAndFieldSupportExpenses
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USGO Camp And Field Support Expenses
CampAndFieldSupportExpenses
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USGO Camp And Field Support Expenses
CampAndFieldSupportExpenses
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CY2024Q3 USGO Consulting Fees
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CY2023Q3 USGO Consulting Fees
ConsultingFees
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USGO Consulting Fees
ConsultingFees
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USGO Consulting Fees
ConsultingFees
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CY2024Q3 USGO Transportation Travel And Other Exploration Expenses
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CY2023Q3 USGO Transportation Travel And Other Exploration Expenses
TransportationTravelAndOtherExplorationExpenses
587266 usd
USGO Transportation Travel And Other Exploration Expenses
TransportationTravelAndOtherExplorationExpenses
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USGO Transportation Travel And Other Exploration Expenses
TransportationTravelAndOtherExplorationExpenses
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CY2024Q3 us-gaap Exploration Expense
ExplorationExpense
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CY2023Q3 us-gaap Exploration Expense
ExplorationExpense
2506032 usd
us-gaap Exploration Expense
ExplorationExpense
5249235 usd
us-gaap Exploration Expense
ExplorationExpense
3252557 usd
CY2024Q3 USGO Office Consulting Investor Relations Insurance And Travel
OfficeConsultingInvestorRelationsInsuranceAndTravel
266572 usd
CY2023Q3 USGO Office Consulting Investor Relations Insurance And Travel
OfficeConsultingInvestorRelationsInsuranceAndTravel
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USGO Office Consulting Investor Relations Insurance And Travel
OfficeConsultingInvestorRelationsInsuranceAndTravel
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USGO Office Consulting Investor Relations Insurance And Travel
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CY2024Q3 us-gaap Professional Fees
ProfessionalFees
55922 usd
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ProfessionalFees
95758 usd
us-gaap Professional Fees
ProfessionalFees
474509 usd
us-gaap Professional Fees
ProfessionalFees
1539313 usd
CY2024Q3 us-gaap Officers Compensation
OfficersCompensation
87364 usd
CY2023Q3 us-gaap Officers Compensation
OfficersCompensation
76724 usd
us-gaap Officers Compensation
OfficersCompensation
262006 usd
us-gaap Officers Compensation
OfficersCompensation
229367 usd
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
43490 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
86396 usd
us-gaap Share Based Compensation
ShareBasedCompensation
184127 usd
us-gaap Share Based Compensation
ShareBasedCompensation
364991 usd
CY2024Q3 USGO Filing Listing Dues And Subscriptions
FilingListingDuesAndSubscriptions
24521 usd
CY2023Q3 USGO Filing Listing Dues And Subscriptions
FilingListingDuesAndSubscriptions
38665 usd
USGO Filing Listing Dues And Subscriptions
FilingListingDuesAndSubscriptions
112843 usd
USGO Filing Listing Dues And Subscriptions
FilingListingDuesAndSubscriptions
164462 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
477869 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
822730 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1793880 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4140601 usd
CY2023Q2 USGO Fair Value Of Common Stock
FairValueOfCommonStock
18208955 usd
CY2023Q2 USGO Fair Value Of Common Stock Purchase Warrants
FairValueOfCommonStockPurchaseWarrants
1791045 usd
CY2023Q2 USGO Gross Proceeds From Issuance Initial Public Offering
GrossProceedsFromIssuanceInitialPublicOffering
20000000 usd
CY2023Q2 USGO Gross Proceeds From Issuance Initial Public Offering
GrossProceedsFromIssuanceInitialPublicOffering
20000000 usd
CY2023Q2 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
883311 usd
CY2023Q2 USGO Common Stock Purchase Warrant Issuance Costs
CommonStockPurchaseWarrantIssuanceCosts
-86883 usd
CY2023Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
19029806 usd
CY2023Q2 USGO Fair Value Allocated To Common Stock
FairValueAllocatedToCommonStock
17325644 usd
CY2023Q2 USGO Fair Value Allocated To Common Stock Purchase Warrants
FairValueAllocatedToCommonStockPurchaseWarrants
1704162 usd
CY2023Q2 USGO Total Fair Value Allocated To Shares And Warrants
TotalFairValueAllocatedToSharesAndWarrants
19029806 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12398709 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12398709 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
USGO Description Of Terms And Conditions In The Event Of Disclosure Of Mineral Products
DescriptionOfTermsAndConditionsInTheEventOfDisclosureOfMineralProducts
aggregate estimate of mineral resources for the Whistler Project or any other project owned or operated by the Company of 3,000,000 additional gold or gold equivalent ounces from the amount reported on the disclosure specified in the Company’s Subpart 1300 of the SEC Regulation S-K Report dated September 22, 2022, 190,500 shares of the Restricted Shares will be deemed released as of the date of such Securities Filing (or if such amount exceeds the number of shares of Restricted Shares that have not yet become Released Stock at the time, such lesser number of shares of Restricted Shares) reducing, on a proportional basis, the number of unvested shares of Restricted Shares subject to each vesting condition.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0445 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0347 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.5494 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.6134 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
USGO Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.0000 pure
USGO Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedForfeitureRate
0.0000 pure
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
82500 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
99050 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.00
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
181550 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
181550 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
7000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.00
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
188550 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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38883 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37754 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
158889 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
78886 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
214838 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-4345749 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-3160702 usd
us-gaap Net Income Loss
NetIncomeLoss
-6795401 usd
us-gaap Net Income Loss
NetIncomeLoss
-7104281 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12398709 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12398709 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2024Q3 USGO Working Capital
WorkingCapital
4618762 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1400 usd
CY2024Q3 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
135200 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
135200 usd
CY2020Q4 USGO Royalty Percentage Of Net Smelter Return
RoyaltyPercentageOfNetSmelterReturn
0.010 pure
CY2020Q4 USGO Percentage Of Net Smelter Return To Acquire Including Area Of Interest
PercentageOfNetSmelterReturnToAcquireIncludingAreaOfInterest
0.0075 pure
CY2020Q4 us-gaap Other Commitment
OtherCommitment
5000000 usd
CY2015Q3 USGO Royalty Percentage Of Net Smelter Return
RoyaltyPercentageOfNetSmelterReturn
0.0275 pure
USGO Net Profit Interest Percentage Description
NetProfitInterestPercentageDescription
This agreement concerns a 2.0 percent net profit interest to Teck Resources, recently purchased by Sandstorm Gold, in connection with an Area of Interest specified by standard township sub-division.
CY2024Q2 us-gaap Other Commitments Description
OtherCommitmentsDescription
The agreement included an approved work order totaling $3,500,000, with the Company holding the option for approval of additional expenditures up to $2,000,000, for the period of January 1, 2024, to December 31, 2024. The work order may be paused, postponed or terminated by either party with 30 days written notice. Additionally, as at September 30, 2024, the Company has paid $4,900,000 towards the approved work order.

Files In Submission

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usgo-20240930_cal.xml Edgar Link unprocessable
0001493152-24-045164-index-headers.html Edgar Link pending
0001493152-24-045164-index.html Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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usgo-20240930_def.xml Edgar Link unprocessable
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usgo-20240930_pre.xml Edgar Link unprocessable