U.S. GoldMining Inc. (USGO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 15.02% of current shares
Recent Dilution: 7.23% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
13M
Potential Supply
2M
Additional shares possible
Splits
None
Past 2 years

Summary

USGO currently has 13.3M outstanding shares. with limited dilution risk as only 2M additional shares (15.0%) are authorized for issuance. The company has minimally diluted shareholders by 7.23% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 13.3M shares outstanding

13M 2M
Nov 13, 2025

10-Q filing | 12.7M shares outstanding

13M 2M
Aug 13, 2025

10-Q filing | 12.5M shares outstanding

13M 2M
May 14, 2025

10-Q filing | 12.5M shares outstanding

12M 2M
Mar 27, 2025

10-K filing | 12.4M shares outstanding

12M 2M
Nov 13, 2024

10-Q filing | 12.4M shares outstanding

12M 2M
Aug 13, 2024

10-Q filing | 12.4M shares outstanding

12M 2M
May 15, 2024

S-3 filing: U.S. GoldMining Inc. may offer and sell up to $40,000,000 of common stock and preferred stock from time to time. They have also entered into an At The Market Offering Agreement to sell shares of common stock up to $5,500,000.

12M 2M
May 10, 2024

10-Q filing | 12.4M shares outstanding

12M 2M
Feb 21, 2024

10-K filing | 11.5M shares outstanding

11M 2M
Oct 10, 2023

10-Q filing | 12.4M shares outstanding

12M 2M
Jul 13, 2023

10-Q filing | 12.4M shares outstanding

12M 2M
Apr 21, 2023

8-K filing: U.S. GoldMining Inc. entered into an underwriting agreement with H.C. Wainwright & Co., LLC, BMO Capital Markets Corp., Laurentian Bank Securities Inc., and Sprott Capital Partners LP for an offering of 2,000,000 units, each comprising one share of common stock and one warrant, at $10.00 per unit, expected to close on April 24, 2023. ($20.0M proceeds)

10M 2M
Apr 14, 2023

S-1/A filing: Initial public offering of 2,000,000 units, each consisting of one share of common stock and one warrant, at an expected price of $10.00 per unit.

10M 2M
Apr 12, 2023

S-1/A filing: This is the initial public offering of securities of U.S. GoldMining Inc., a Nevada corporation. We are offering 2,000,000 units, or "Units", with each Unit consisting of (i) one share of our common stock, par value $0.001 per share and (ii) one warrant, or "Warrant".

10M 2M
Apr 10, 2023

S-1/A filing: This is the initial public offering of securities of U.S. GoldMining Inc., a Nevada corporation. We are offering 2,000,000 units, with each Unit consisting of (i) one share of our common stock, par value $0.001 per share and (ii) one warrant.

10M 2M
Mar 29, 2023

S-1/A filing: Initial public offering of 1,540,000 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $13.00 per share.

10M 1.5M
Mar 03, 2023

S-1/A filing: Initial public offering of 2,000,000 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $13.00. The expected initial public offering price is $10.00 per unit.

10M 2M
Feb 10, 2023

S-1 filing: U.S. GoldMining Inc. is offering 2,000,000 units, or "Units", with each Unit consisting of (i) one share of our common stock, par value $0.001 per share and (ii) one warrant, or "Warrant". Each Warrant entitles the holder thereof to purchase one share of common stock at an exercise price of $13.00.

10M 4M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime