Plans To Advance Critical Road Infrastructure To Whistler Gold-Copper Project

ANCHORAGE, AK – U.S. GoldMining Inc. reported on the State of Alaska’s recent announcement that the Alaska Industrial Development and Export Authority (AIDEA) has submitted a permit application for the West Susitna Access Project (WSAP). This transformative infrastructure initiative will directly connect the Whistler Gold-Copper Project via road with existing transportation infrastructure in the greater Anchorage region of south central Alaska.
AIDEA announced that it had submitted a Department of the Army (DA) Individual Permit application for the construction of the WSAP, a 78.5-mile access road across Alaska’s Matanuska-Susitna Borough (“MSB”) in south central Alaska. The WSAP will connect Whistler with existing highway, rail, power and port infrastructure in the eastern MSB, where a large and skilled workforce resides in the tri-city municipalities of Anchorage, Palmer and Wasilla. The WSAP will provide year-round public access to currently remote State public lands and private lands within the MSB, as well as areas planned for resource development, including the Whistler Project. The WSAP will begin approximately 1.4 miles west of Alexander Creek and extend to the Whiskey Bravo airstrip and the Company’s Whistler mineral exploration claims and camp site, where it will terminate approximately 2 miles from the Project’s flagship Whistler gold-copper deposit.
Tim Smith, Chief Executive Officer, said, “This announcement by the State of Alaska marks a pivotal moment for U.S. GoldMining. It delivers on the State’s policy under Governor Dunleavy’s administration, of investing in critical infrastructure to stimulate growth in Alaska’s economy, which was an important catalyst for the Company’s decision to launch its initial public offering in 2023. Whistler will be a direct beneficiary of the West Susitna Access Project, which is now currently under application to extend directly onto the Company’s 100% owned State of Alaska mining claims, thereby connecting a potential future mining opportunity at Whistler to existing road, power, rail and port infrastructure near Anchorage.”