U.S. GoldMining: AIDEA Authorizes $25M for West Susitna Road Geotech/Engineering
U.S. GoldMining Inc. (NASDAQ: USGO) filed a Form 8-K on September 2, 2026, furnishing a press release under Item 7.01 Regulation FD Disclosure. The press release announces that the Alaska Industrial Development and Export Authority (AIDEA) authorized up to $25 million in funding for geotechnical drilling, permitting, hydrologic, and engineering work related to the proposed West Susitna Access Project (WSAP). The WSAP is a state-led road initiative designed to connect the company's Whistler Gold-Copper Project with existing highway, rail, power, and port infrastructure in the Anchorage area. The funding will support final design activities including bridge foundation design, material site development, culvert sizing, and road alignment refinement over the 2026 and 2027 field seasons. The company views this as a significant step toward linking the Whistler project and the broader West Susitna Mineral District to the greater Anchorage transportation and energy grid. The release also reiterates highlights from the Whistler Project's Preliminary Economic Assessment, including an after-tax NPV5% of $2.0 billion and a 33% IRR.