GoldMining Inc. Advances Rea Uranium Project with Drilling Approval

GoldMining ( (TSE:GOLD) ) just unveiled an announcement.

On May 1, 2025, GoldMining Inc. announced that its exploration application for the Rea Uranium Project in the Western Athabasca Basin has been approved by the Alberta Energy Regulator. The project, which GoldMining owns 75% of, with Orano Canada Inc. holding the remaining 25%, is set to proceed with a diamond core drilling program. This approval marks a significant milestone for GoldMining as it seeks to unlock further value for shareholders by advancing its uranium exploration efforts. The Rea Project is strategically located near world-class uranium deposits and involves proactive Indigenous consultation and engagement, highlighting the company’s commitment to responsible exploration.

Spark’s Take on TSE:GOLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:GOLD is a Underperform.

GoldMining’s overall score reflects significant financial struggles with zero revenue and consistent losses. The technical indicators show a bearish trend, and the negative P/E ratio highlights poor valuation. These factors combine to provide a low attractiveness score.

To see Spark’s full report on TSE:GOLD stock, click here.

More about GoldMining

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. The company has a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru. Additionally, GoldMining holds significant shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp.

YTD Price Performance: -7.23%

Average Trading Volume: 526,828

Technical Sentiment Signal: Strong Buy

Current Market Cap: $153.5M

For a thorough assessment of GOLD stock, go to TipRanks’ Stock Analysis page.