U.S. GoldMining (USGO) 10-K 21 Feb 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Nov. 30, 2023	Feb. 21, 2024	May 31, 2023
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--11-30
Entity File Number	001-41690
Entity Registrant Name	U.S. GOLDMINING INC.
Entity Central Index Key	0001947244
Entity Tax Identification Number	37-1792147
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1188 West Georgia Street
Entity Address, Address Line Two	Suite 1830
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V6E 4A2
City Area Code	(604)
Local Phone Number	388-9788
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 32,936,644
Entity Common Stock, Shares Outstanding		12,398,709
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1208
Auditor Name	Deloitte LLP
Auditor Location	Vancouver, Canada
Common Share, par value $0.001 per share
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	USGO
Security Exchange Name	NASDAQ
Warrants, each warrant exercisable for one share of Common Share at an exercise price of $13.00
Title of 12(b) Security	Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $13.00
Trading Symbol	USGOW
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Current assets
Cash and cash equivalents	$ 11,401,338	$ 54,508
Restricted cash	86,870
Other receivables	115,113	68,000
Inventories	27,249
Prepaid expenses and deferred costs	375,933	107,111
Total current assets	12,006,503	229,619
Exploration and evaluation assets	31,392
Operating lease right-of-use assets, net	135,728
Property and equipment, net	850,130
Total assets	13,023,753	229,619
Current liabilities
Accounts payable	197,978	466,127
Accrued liabilities	112,048	26,922
Current portion of lease liabilities	17,268
Withholdings taxes payable	180,863	116,187
Income tax payable	4,918
Due to GoldMining		677,783
Total current liabilities	513,075	1,287,019
Lease liabilities	118,087
Asset retirement obligations	179,880	225,871
Total liabilities	811,042	1,512,890
Stockholders’ equity
Common stock $0.001 par value: 300,000,000 shares authorized as at November 30, 2023 and November 30, 2022; 12,398,709 and 10,135,001 shares issued and outstanding as at November 30, 2023 and November 30, 2022	12,399	10,135
Additional paid-in capital	26,678,252	3,827,957
Accumulated deficit	(14,477,940)	(5,121,363)
Total stockholders’ equity (deficit)	12,212,711	(1,283,271)
Total liabilities and stockholders’ equity (deficit)	$ 13,023,753	$ 229,619

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2023	Nov. 30, 2022	Sep. 22, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000	10,000,000
Common stock, shares issued	12,398,709	10,135,001
Common stock, shares outstanding	12,398,709	10,135,001

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)		12 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
Operating expenses
Exploration expenses		$ 5,054,500	$ 543,322
General and administrative expenses		4,670,248	1,172,810
Accretion		21,051	19,255
Depreciation		30,959
Total operating expenses		9,776,758	1,735,387
Loss from operations		(9,776,758)	(1,735,387)
Other income (expenses)
Interest income		426,919
Foreign exchange loss		(1,801)	(3,270)
Net loss for the year before tax		(9,351,640)	(1,738,657)
Current income tax expense		(4,937)
Net loss for the year		$ (9,356,577)	$ (1,738,657)
Loss per share
Loss per share Basic		$ (0.82)	$ (0.17)
Loss per share Diluted		$ (0.82)	$ (0.17)
Weighted average shares outstanding
Weighted average shares outstanding Basic	[1]	11,480,346	9,937,248
Weighted average shares outstanding Diluted	[1]	11,480,346	9,937,248
[1]The shares and associated amounts have been retrospectively restated to reflect a 2.714286-for-1 10,000,000 300,000,000 0.001

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) - $ / shares	Sep. 22, 2022	Nov. 30, 2023	Nov. 30, 2022
Income Statement [Abstract]
Stock split ratio	2.714286-for-1
Common stock, shares authorized	10,000,000	300,000,000	300,000,000
Common stock, par value		$ 0.001	$ 0.001

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)		12 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
Operating activities
Net loss for the year		$ (9,356,577)	$ (1,738,657)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion		21,051	19,255
Depreciation		30,959
Share-based compensation	[1]	423,831	65,303
Non-cash lease expenses		10,735
Foreign exchange translation gain		1,616
Changes in operating assets and liabilities
Inventories		(27,249)
Prepaid expenses and deferred costs		(307,963)	(90,074)
Other receivables		(47,113)	(68,000)
Accounts payable		(268,149)	466,102
Accrued liabilities		85,126	23,922
Income tax payable		4,918
Net cash used in operating activities		(9,428,815)	(1,322,149)
Investing activities
Construction of camp structures		(866,140)
Purchase of equipment		(113,383)
Net cash used in investing activities		(979,523)
Financing activities
Proceeds from initial public offering, net of underwriters’ fees and issuance costs		19,056,223
Proceeds from common shares issued for warrant exercise		3,363,204
Capital contributions from GoldMining		46,459	87,284
Withholding taxes on return of capital		53,935	(57,702)
Proceeds from settlement of funding commitment			1,158,143
Advance from GoldMining		1,003,142	183,302
Repayment of advance from GoldMining		(1,680,925)
Net cash provided by financing activities		21,842,038	1,371,027
Net change in cash, cash equivalents and restricted cash		11,433,700	48,878
Cash, cash equivalents and restricted cash, beginning of year		54,508	5,630
Cash, cash equivalents and restricted cash, end of year		11,488,208	54,508
Supplemental disclosure of non-cash investing and financing activities:
Common share issuance costs included in prepaid expenses and deferred costs		26,416
Allocation of share-based compensation expenses from GoldMining		54,348	60,065
ARO change in estimates included in camp structures		$ (98,434)
[1]During the years ended November 30, 2023 and 2022, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 16).

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)		Common Stock [Member]		Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Nov. 30, 2021		$ 9,500	[1]	$ 3,108,874	$ (3,382,706)	$ (264,332)
Balance, shares at Nov. 30, 2021	[1]	9,500,001
Performance based restricted shares issued		$ 635	[1]	(635)
Performance based restricted shares issued, shares	[1]	635,000
Return of capital			[1]	(1,096,343)		(1,096,343)
Withholding taxes on return of capital			[1]	(173,889)		(173,889)
Settlement of funding agreement			[1]	1,837,363		1,837,363
Capital contributions from GoldMining			[1]	87,284		87,284
Share-based compensation - performance based restricted shares			[1]	5,238		5,238
Allocated from GoldMining			[1]	60,065		60,065
Net loss for the year			[1]		(1,738,657)	(1,738,657)
Balance at Nov. 30, 2022		$ 10,135	[1]	3,827,957	(5,121,363)	(1,283,271)
Balance, shares at Nov. 30, 2022	[1]	10,135,001
Withholding taxes on return of capital			[1]	(10,741)		(10,741)
Capital contributions from GoldMining			[1]	46,459		46,459
Allocated from GoldMining			[1]	54,348		54,348
Net loss for the year			[1]		(9,356,577)	(9,356,577)
Common stock
Issued under initial public offering		$ 2,000	[1]	18,206,955		18,208,955
Issued under initial public offering, shares	[1]	2,000,000
Underwriter fees and issuance costs			[1]	(883,311)		(883,311)
Issued upon exercise of warrants		$ 259	[1]	3,362,945		3,363,204
Issued upon exercise of warrants, shares	[1]	258,708
Warrants
Issued in connnection with initial public offering			[1]	1,791,045		1,791,045
Underwriter fees and issuance costs			[1]	(86,883)		(86,883)
Share-based compensation
Common stock issued for consulting services		$ 5	[1]	65,695		65,700
Common stock issued for consulting services, shares	[1]	5,000
Amortization of share-based compensation			[1]	303,783		303,783
Balance at Nov. 30, 2023		$ 12,399	[1]	$ 26,678,252	$ (14,477,940)	$ 12,212,711
Balance, shares at Nov. 30, 2023	[1]	12,398,709
[1]The shares and associated amounts have been retrospectively restated to reflect a 2.714286-for-1 10,000,000 300,000,000 0.001

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) - $ / shares	Sep. 22, 2022	Nov. 30, 2023	Nov. 30, 2022
Statement of Stockholders' Equity [Abstract]
Stock split ratio	2.714286-for-1
Common stock, shares authorized	10,000,000	300,000,000	300,000,000
Common stock, par value		$ 0.001	$ 0.001

Business

Business	12 Months Ended
	Nov. 30, 2023
Business
Business	Note 1: Business U.S. GoldMining Inc. (formerly BRI Alaska Corp.) (the “Company”) was incorporated under the laws of the State of Alaska as “BRI Alaska Corp.” on June 30, 2015. On September 8, 2022, the Company redomiciled from Alaska to Nevada and changed our name to “U.S. GoldMining Inc.”. The Company was a wholly owned subsidiary of BRI Alaska Holdings Inc., a company organized under the laws of British Columbia (“BRI Alaska Holdings”), until September 23, 2022, which was at such time a wholly owned subsidiary of GoldMining Inc. (“GoldMining”), a mineral exploration and development company organized under the laws of Canada listed on the Toronto Stock Exchange and NYSE American. On September 23, 2022, BRI Alaska Holdings was dissolved, and the Company became a direct majority owned subsidiary of GoldMining. On April 24, 2023, the Company completed its initial public offering (the “IPO”) and its common stock and common stock purchase warrants are listed on the Nasdaq Capital Market under the symbols “USGO” and “USGOW”, respectively. After the IPO, GoldMining continued to own a controlling interest in the Company of 9,622,491 122,490 79.3 79.7 The Company is a mineral exploration company with a focus on the exploration and development of a project located in Alaska, USA. Our registered office is 3773 Howard Hughes Pkwy #500s Las Vegas, NV 89169 and our principal executive office address is 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, Canada V6E 4A2 and our head operating office address is 301 Calista Court, Suite 200, Office 203, Anchorage, Alaska, 99518. Our primary asset is the 100%-owned Whistler exploration property (the “Whistler Project” or “Project”) located in Alaska, USA. Access to the Whistler Project area is by fixed wing aircraft to a gravel airstrip located adjacent to the Whistler Project exploration camp. We have not yet determined whether the Whistler Project contains mineral reserves where extraction is both technically feasible and commercially viable and have not determined whether the Whistler Project will be mined by open-pit or underground methods.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Our financial statements are presented in United States dollars (“$” or “dollars”) and the functional currency of the Company is the United States dollar. The balance sheet as of November 30, 2022 and statements of operations, stockholder’s deficit and cash flows for the year ended November 30, 2022 have been prepared on a “carve-out” basis to include allocations of certain assets, liabilities and expenses related to services and support functions from GoldMining, which were allocated on a pro-rata basis considered by GoldMining to be a reasonable reflection of the utilization of services provided to us for the year presented. Management believes the assumptions and allocations underlying the comparative financial statements are reasonable and appropriate under the circumstances. Therefore, these comparative financial statements are not necessarily indicative of the results that would be attained if we had operated as a separate legal entity during the year presented and are not necessarily indicative of future operating results. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Consolidation The consolidated financial statements include the financial statements of U.S. GoldMining Inc. and US GoldMining Canada Inc., a wholly owned subsidiary of the Company from its incorporation on October 27, 2022. Subsidiaries are consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All inter-company transactions, balances, income and expenses are eliminated through the consolidation process. Management’s Use of Estimates The preparation of these 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 years 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, share-based compensation, and allocation of expenses from GoldMining. Net Income (Loss) Per Share Basic net income (loss) per share includes no potential dilution and is computed by dividing the net income (loss) attributable to Common stockholder by the weighted average number of shares of common stock outstanding for each year. The basic and diluted net income (loss) per share are the same as the Company is in a net loss position. Segment Information We have determined that we operate and report in one segment, which focuses on the exploration and development of mineral properties. Our operating segment is reported in a manner consistent with the internal reporting provided to the chief operating decision maker (“CODM”) who is identified as our Chief Executive Officer. The majority of our non-current assets are located in Alaska, USA and with the remaining located in Vancouver, Canada. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents consist of all cash balances and highly liquid investments with a remaining maturity of three months or less when purchased and are carried at cost. The Company’s cash is held in Canada and the United States with large, reputable financial institutions and considers risk of unexpected loss to be unlikely. Restricted cash includes cash that has been pledged for credit facilities which are not available for immediate disbursement. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Property and Equipment Property and equipment is stated at cost, less accumulated depreciation. Property and equipment is recorded at cost and are depreciated using the straight-line method over the following estimated useful lives: Schedule of Estimated Useful Lives of Equipment Camp Structures 10 Exploration equipment 5 Vehicles 5 Expenditures incurred to replace a component of an item of property and equipment that is accounted for separately, including major inspection and overhaul expenditures are capitalized if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in the statements of operations as incurred. Impairment of Long-lived Assets The Company’s long-lived assets consist of exploration and evaluation assets and property and equipment. Management continually evaluates whether events or changes in circumstances might indicate that the remaining estimated useful life of long-lived assets may warrant revision, or that the remaining balance may not be recoverable. When factors indicate that long-lived assets should be evaluated for possible impairment, recoverability of long-lived assets is measured by comparing the carrying amount of an asset (asset group) to the estimated undiscounted future cash flows expected to be generated by the asset (asset group). If the carrying amount of an asset (asset group) exceeds its estimated undiscounted future cash flows, an impairment charged is recognized by the amount by which the carrying amount of the asset exceeds its fair value. Determination of the fair value would be based on generally accepted valuation methodologies, as deemed appropriate. If the carrying amount is greater than the undiscounted cash flows, the carrying amount of the asset is adjusted to the asset’s fair value, and an impairment loss is recognized immediately as an operating expense in the statement of operations. The adjusted carrying amount of the long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Reversal of previously recorded impairment losses are prohibited. Exploration and evaluation assets are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly. An impairment loss is recognized in the statement of operations. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are largely independent cash flows. The Company determined that there are not multiple independent cash flows, so the Company’s assets are assessed for impairment as a whole. Mineral properties are subject to impairment tests, with one property representing an asset, or asset group. The Company currently has one mineral property, which is associated with the Whistler Project. An impairment review is undertaken when indicators of impairment arise. The Company considers the following to be examples of such indicators that would trigger an impairment review: ● The right to explore the area has expired or will expire in the near future with no expectation of renewal; ● Substantive expenditure on further exploration for and evaluation of mineral resources in the area is neither planned nor budgeted; ● No commercially viable deposits have been discovered, and the decision had been made to discontinue exploration in the area; and ● Sufficient work has been performed to indicate that the carrying amount of the expenditure carried as an asset will not be fully recovered. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) During the year ended November 30, 2023, the useful life of the Company’s camp structures was determined to be 10 Mineral Exploration Rights and Costs, Exploration, Evaluation and Development Expenditures All direct costs related to the acquisition of exploration rights are capitalized on a property-by-property basis. There is no certainty that costs incurred to acquire exploration rights will result in discoveries of commercial quantities of minerals. All cost recoveries attributable to selling economic interests in exploration rights, such as royalties, are credited against acquisition costs. All other exploration and evaluation expenditures are charged to operations until such time as it has been determined that a property has economically recoverable reserves, in which case subsequent exploration and evaluation costs and the costs incurred to develop a property are capitalized into mineral properties. On the commencement of production, depletion of each mineral property will be provided on a units-of-production basis using estimated reserves as the depletion base. Asset Retirement Obligations At the end of each period, asset retirement obligations (“ARO”) represents the present value of estimated future costs for the rehabilitation of our mineral properties. These estimates include assumptions as to the future activities, cost of services, timing of the rehabilitation work to be performed, inflation rates, exchange rates and risk-adjusted discount rate. The actual cost to rehabilitate a mineral property may vary from the estimated amounts because there are uncertainties in factors used to estimate the cost and potential changes in regulations or laws governing the rehabilitation of a mineral property. Management periodically reviews the rehabilitation requirements and adjusts the liability as new information becomes available and will assess the impact of new regulations and laws as they are enacted. Income Taxes Income tax expense represents the sum of tax currently payable and deferred tax. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted at the end of each reporting period. Deferred income tax is provided using the liability method on temporary differences, at the end of each reporting period, between the income tax bases of assets and liabilities and financial reporting basis. Deferred income tax assets are reviewed at the end of each reporting period and reduced to the extent that it is not more likely than not that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be realized. The valuation allowance against deferred tax assets reassessed at the end of each reporting period and is recognized to the extent that it is more likely than not that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted at the end of each reporting period. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statements of comprehensive loss. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Deferred income tax assets and deferred income tax liabilities are offset if, and only if, a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend to either settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax assets or liabilities are expected to be settled or recovered. Leases The Company accounts for leases in accordance with ASC 842, Leases. At contract inception, the Company determines if an arrangement is or contains a lease. A lease conveys the right to control the use of an identified asset for a period of time in exchange for consideration. If a contract is determined to be or contain a lease, the lease is assessed for classification as either an operating or finance lease at the lease commencement date, defined as the date on which the leased asset is made available for use by the Company, based on the economic characteristics of the lease. For each lease with a term greater than twelve months, the Company records a right-of-use asset and lease liability. A right-of-use asset represents the economic benefit conveyed to the Company by the right to use the underlying asset over the lease term. A lease liability represents the obligation to make lease payments arising from the lease. The Company records amortization of operating right-of-use assets and accretion of lease liabilities as a single lease cost on a straight-line basis over the lease term. Lease liabilities are measured at the lease commencement date and calculated as the present value of the future lease payments in the contract using the rate implicit in the contract, when available. If an implicit rate is not readily determinable, the Company uses its incremental borrowing rate measured as the rate at which the Company could borrow, on a fully collateralized basis, a commensurate loan in the same currency over a period consistent with the lease term at the commencement date. Right-of-use assets are measured as the lease liability plus initial direct costs and prepaid lease payments, less lease incentives granted by the lessor. The lease term is measured as the noncancelable period in the contract, adjusted for any options to extend or terminate when it is reasonably certain the Company will extend the lease term via such options based on an assessment of economic factors present as of the lease commencement date. The Company elected the practical expedient to not recognize leases with a lease term of twelve months or less. The Company assesses its right-of-use assets for impairment consistent with the assessment performed for long-lived assets used in operations. If an impairment is recognized on operating lease right-of-use assets, the lease liability continues to be recognized using the same effective interest method as before the impairment and the operating lease right-of-use asset is amortized over the remaining term of the lease on a straight-line basis. The Company’s operating leases are presented in the consolidated balance sheet as right-of-use assets, classified as noncurrent assets, and operating lease liabilities, classified as current and noncurrent liabilities based on the discounted lease payments to be made within the proceeding twelve months. Variable costs associated with a lease, such as maintenance and utilities, are not included in the measurement of the lease liabilities and right-of-use assets but rather are expensed when the events determining the amount of variable consideration to be paid have occurred. Inventories Inventories include materials and supplies, which are valued at the lower of average cost or net realizable value. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Share-based Compensation The Company grants stock options to certain directors, officers, employees and consultants of the Company. The Company uses the Black-Scholes option-pricing model to determine the grant date fair value of stock options. The fair value of stock options granted to employees is recognized as an expense over the vesting period with a corresponding increase in equity. An individual is classified as an employee when the individual is an employee for legal or tax purposes, provides services that could be provided by a direct employee, or has authority and responsibility for planning, directing and controlling the activities of the Company, including non-executive directors. The fair value is measured at grant date and recognized over the period during which the options vest. Forfeitures are accounted for as they occur. The fair value of the restricted shares is measured at the grant date and recognized over the period during which the restricted shares vest. When restricted shares are conditional upon the achievement of a performance condition, the Company estimates the length of the expected vesting period at grant date, based on the most likely outcome of the performance condition. The fair value of the restricted shares is determined based on the fair value of the common stock on the grant date, adjusted for lack of marketability discount, minority shareholder discount, and other applicable factors that are generally recognized by market participants. The fair value of restricted shares is recognized as an expense over the vesting period based on the best available estimate of the number of restricted shares expected to vest and will revise that estimate if subsequent information indicates that the number of restricted shares expected to vest differs from previous estimates. Foreign Currency Translation The functional currency of our Company, including its subsidiary, is the United States dollar. Net gains and losses resulting from foreign exchange translations and foreign currency exchange gains and losses on transactions occurring in a currency other than our Company’s functional currency are included in the determination of net loss in the period. Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Fair Value of Financial Instruments The Company adopted FASB ASC Topic 820, Fair Value Measurements (“ASC Topic 820”). ASC Topic 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: ● Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ● Level 2 Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ● Level 3 Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying value of the Company’s cash, cash equivalents and restricted cash, other receivables, accounts payable and accrued liabilities approximate their fair values due to the short-term nature of these balances. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes” (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. The new standard is effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Management has assessed and concluded there is no material impact on the Company’s financial statements. In November 2023, the FASB issued ASU 2023-07, the amendments “improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses”. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The purpose of the amendments is to enable “investors to better understand an entity’s overall performance” and assess “potential future cash flows.” The amendments in ASU 2023-07 are effective for all public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Management is currently evaluating the impact of this guidance on our financial statements.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	12 Months Ended
	Nov. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Note 3: Cash, Cash Equivalents and Restricted Cash Schedule of Cash and Cash Equivalents November 30, 2023 November 30, 2022 Cash and cash equivalents consist of: Cash at bank $ 901,338 $ 54,508 Term deposits 10,500,000 - Total $ 11,401,338 $ 54,508 Schedule of Cash, Cash Equivalents and Restricted Cash November 30, 2023 November 30, 2022 Cash and cash equivalents $ 11,401,338 $ 54,508 Restricted cash 86,870 - Total cash, cash equivalents and restricted cash $ 11,488,208 $ 54,508 Restricted cash of $ 86,870 nil

Other Receivables

Other Receivables	12 Months Ended
	Nov. 30, 2023
Receivables [Abstract]
Other Receivables	Note 4: Other Receivables Other receivables consist of the following: Schedule of Other Receivables November 30, 2023 November 30, 2022 Federal corporate tax receivable $ 45,500 $ 45,500 State of Alaska corporate tax receivable - 22,500 Interest receivable 67,224 - Other 2,389 - Total $ 115,113 $ 68,000 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)

Prepaid Expenses and Deferred C

Prepaid Expenses and Deferred Costs	12 Months Ended
	Nov. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Deferred Costs	Note 5: Prepaid Expenses and Deferred Costs Prepaid expenses and deferred costs consist of the following: Schedule of Prepaid Expenses and Deferred Costs November 30, 2023 November 30, 2022 Prepaid insurance $ 186,014 7,000 Prepaid corporate development expenses (1) 172,566 - Other prepaid expenses 17,353 5,179 Deferred financing costs (2) - 94,932 Total $ 375,933 $ 107,111 (1) Prepaid corporate development costs include fees prepaid to Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining Inc. (Note 16). (2) The deferred financing costs relate to the incremental share issue costs associated with the IPO, which were reallocated to share issuance costs upon completion of the IPO, and included in the additional paid-in capital in our financial statements.

Property and Equipment

Property and Equipment	12 Months Ended
	Nov. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 6: Property and Equipment Schedule of Property Plant and Equipment November 30, 2023 November 30, 2022 Cost Accumulated Net Book Cost Accumulated Net Book Camp structures $ 767,706 $ (27,179 ) $ 740,527 $ - $ - $ - Exploration equipment 52,846 (1,762 ) 51,084 - - - Vehicles 60,537 (2,018 ) 58,519 - - - $ 881,089 $ (30,959 ) $ 850,130 $ - $ - $ - During the year ended November 30, 2023, the Company incurred $ 866,140 Prior to the current year additions, the existing camp structures, exploration equipment and vehicles were at the end of their useful lives and were fully amortized by the end of fiscal year 2020.

Leases

Leases	12 Months Ended
	Nov. 30, 2023
Leases [Abstract]
Leases	Note 7: Leases In May 2023, the Company entered into a sublease agreement to lease a portion of an office premises in Vancouver, British Columbia with a term of 5.33 4.88 4.84 11.34 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Minimum future lease payments under operating leases with terms longer than one year are as follows: Schedule of Operating Lease Payments Fiscal 2024 31,079 Fiscal 2025 37,472 Fiscal 2026 38,360 Fiscal 2027 38,360 Fiscal 2028 28,770 Total lease payments 174,041 Less: imputed interest (38,686 ) Present value of lease liabilities $ 135,355 Current portion of lease liabilities $ 17,268 Non-current portion of lease liabilities $ 118,087 During the years ended November 30 2023 and 2022, total lease expenses include the following components: Schedule of Total lease Payments 2023 2022 Year ended November 30, 2023 2022 Operating Leases $ 10,735 $ - Short-term Leases 21,919 - Total Lease Expenses $ 32,654 $ -

Exploration and Evaluation Asse

Exploration and Evaluation Assets	12 Months Ended
	Nov. 30, 2023
Exploration And Evaluation Assets
Exploration and Evaluation Assets	Note 8: Exploration and Evaluation Assets Exploration and evaluation assets for our Whistler Project consist of the following: Schedule of Exploration and Evaluation Assets November 30, 2023 November 30, 2022 Balance, beginning of year $ - $ 417,123 Settlement of Funding Commitment - (417,123 ) Change in ARO estimate 31,392 - Balance, end of year $ 31,392 $ - On November 27, 2020, GoldMining agreed to cause us to issue a 1.0 0.75 5,000,000 Due to this transaction and our agreements with GoldMining, GoldMining received shares of GRC with a fair value of $ 2,570,700 2,570,700 On September 26, 2022 we agreed to fully settle the outstanding Funding Commitment of $ 2,254,486 1,158,143 1,096,343 1,096,343 nil 1,837,163 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) During the year ended November 30, 2023, exploration and evaluation assets increased $ 31,392 The following table presents costs incurred for exploration activities at the Whistler Project for the year ended November 30, 2023 and 2022: Schedule of Exploration and Evaluation Expenses 2023 2022 Year ended November 30, 2023 2022 Drilling $ 1,694,952 $ - Consulting fees 1,499,000 256,275 Land fee, camp maintenance expenses 945,751 254,910 Transportation and travel 547,942 29,887 Other exploration expenses 366,855 2,250 Total $ 5,054,500 $ 543,322

General and Administrative Expe

General and Administrative Expenses	12 Months Ended
	Nov. 30, 2023
General And Administrative Expenses
General and Administrative Expenses	Note 9: General and Administrative Expenses The following table presents general and administrative expenses for the years ended November 30, 2023 and 2022: Schedule of General And Administrative Expenses 2023 2022 Year ended November 30, 2023 2022 Office, consulting, investor relations, insurance and travel (1) $ 2,101,872 $ 55,036 Professional fees 1,665,183 883,664 Share-based compensation (2) 423,831 65,303 Management fees, salaries and benefits (2) 300,767 157,925 Filing, listing, dues and subscriptions 178,595 10,882 Total $ 4,670,248 $ 1,172,810 (1) Office, consulting, investor relations, insurance and travel expenses include costs for Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining (Note 16). (2) During the years ended November 30, 2023 and 2022, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 16).

Asset Retirement Obligations

Asset Retirement Obligations	12 Months Ended
	Nov. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 10: Asset Retirement Obligations The Whistler Project’s exploration activities are subject to the State of Alaska’s laws and regulations governing the protection of the environment. The Whistler Project ARO is valued under the following assumptions: Schedule of Asset Retirement Obligations Value Assumptions November 30, 2023 November 30, 2022 Undiscounted amount of estimated cash flows $ 385,600 $ 235,000 Life expectancy (years) 10 3 Inflation rate 2.00 % 2.00 % Discount rate 9.32 % to 11.40 % 9.32 % U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) The following table summarizes the movements of the Company’s ARO: Schedule of Asset Retirement Obligations November 30, 2023 November 30, 2022 Balance, beginning of year $ 225,871 $ 206,616 Balance $ 225,871 $ 206,616 Accretion 21,051 19,255 Change in estimate (67,042 ) - Balance, end of year $ 179,880 $ 225,871 Balance $ 179,880 $ 225,871 During the year ended November 30, 2023, the ARO for the Whistler Project was revised due to changes in the estimated timing of reclamation activities and updated assumptions regarding reclamation costs. The estimated future costs for the rehabilitation activities were updated for camp structures due to additional facilities constructed during the year and for the exploration and evaluation assets due to surface disturbance resulting from past exploration programs. The life expectancy of the ARO was extended to 10 67,042 98,434 31,392

Capital Stock

Capital Stock	12 Months Ended
	Nov. 30, 2023
Equity [Abstract]
Capital Stock	Note 11: Capital Stock 11.1 Initial Public Offering On April 19, 2023, the Company entered into an underwriting agreement with H.C. Wainwright & Co., LLC, BMO Capital Markets Corp., Laurentian Bank Securities Inc. and Sprott Capital Partners LP (collectively, the “Underwriters”) for an offering of 2,000,000 10.00 13.00 2,000,000 10.00 20,000,000 970,194 650,000 GoldMining acquired 122,490 1,224,900 The net proceeds from the issuance of the Units were allocated to the Company’s common stock and common stock purchase warrants on a relative fair value basis. Inputs used to calculate the relative fair value of the common stock and common stock purchase warrants are based on the quoted closing prices of the Company’s common stock and common stock purchase warrants on the Nasdaq Capital Market on the Closing Date of IPO. The allocation of the fair value of the Company’s common stock and common stock purchase warrants is as follows: Schedule of Allocation of Fair Value of Common Shares and Common Share Purchase Warrants ($) Fair value of common stock 18,208,955 Fair value of common stock purchase warrants 1,791,045 Total gross proceeds from the IPO 20,000,000 Gross proceeds 20,000,000 Common stock issuance costs (883,311 ) Common stock purchase warrant issuance costs (86,883 ) Net proceeds received 19,029,806 Fair value allocation to: Common stock 17,325,644 Common stock purchase warrants 1,704,162 Total Fair Value Allocated to Shares and Warrants 19,029,806 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) 11.2 Common and Preferred Shares On September 22, 2022, we filed a Certificate of Amendment of Articles of Incorporation (the “Certificate of Amendment”) with the Secretary of State of Nevada to effect a 2.714286-for-1 As a result of the Stock Split, every one share of issued and outstanding common stock was automatically split into 2.714286 issued and outstanding shares of common stock, without any change in the par value per share. No fractional shares were issued as a result of the Stock Split. The Stock Split increased the number of shares of common stock outstanding from 3,500,000 9,500,001 nil 0.001 10,000,000 300,000,000 nil 0.001 1,000,000 10,000,000 On September 23, 2022, BRI Alaska Holdings transferred 100 On July 19, 2023, we issued 5,000 As of November 30, 2023, there were 12,398,709 no 11.3 Restricted Shares On September 23, 2022, the Company adopted an equity incentive plan (the “Legacy Incentive Plan”). The Legacy Incentive Plan only provides for the grant of restricted stock awards. The purpose of the Legacy Incentive Plan is to provide an incentive for employees, directors and certain consultants and advisors of the Company or its subsidiaries to remain in the service of the Company or its subsidiaries. The maximum number of shares of common stock that may be issued pursuant to the grant of the restricted stock awards is 1,000,000 On September 23, 2022, we granted awards of an aggregate of 635,000 The Restricted Shares are subject to restrictions that, among other things, prohibit the transfer thereof until certain performance conditions are met. In addition, if such conditions are not met within applicable periods, the restricted shares will be deemed forfeited and surrendered by the holder thereof to us without the requirement of any further consideration. The performance conditions are as follows: (a) with respect to 15 15,000,000 (b) with respect to 15 100,000,000 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (c) with respect to 15 (d) with respect to 15 (e) with respect to 15 15.00 (f) with respect to 15 250,000,000 (g) with respect to 10 25.00 Upon satisfaction of the conditions referenced in both (f) and (g) above (regardless of whether they occur simultaneously or consecutively), all of the unvested Restricted Shares will be 100% vested and will be deemed Released Stock. In the event the Company files the disclosure specified in Subpart 1300 of the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K Report with the SEC or the disclosure specified in Canadian National Instrument 43-101, Standards for Disclosure for Mineral Products, to the relevant Canadian securities regulator (the “Securities Filing”) that includes, in either disclosure, an 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 Shares 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 Shares 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. During the years ended November 30, 2023 and 2022, we recognized share-based compensation expenses of $ 48,756 5,238 11.4 Share Purchase Warrants A continuity schedule of our outstanding share purchase warrants for the year ended November 30, 2023, is as follows: Schedule of Outstanding Share Purchase Warrants Number of Weighted Average Balance, November 30, 2022 - $ - Common stock purchase warrants issued at the IPO 2,000,000 13.00 Exercised (258,708 ) 13.00 Balance, November 30, 2023 1,741,292 $ 13.00 During the year ended November 30, 2023, share purchase warrants were exercised for a total of $ 3,363,204 1,741,292 13.00 2.40 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) 11.5 Stock Options On February 6, 2023, the Company adopted a long term incentive plan (“2023 Incentive Plan”). The purpose of the 2023 Incentive Plan is to provide an incentive for employees, directors and certain consultants and advisors of the Company or its subsidiaries to remain in the service of the Company or its subsidiaries. The 2023 Incentive Plan provides for the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock units, performance awards, restricted stock awards and other cash and equity-based awards. The aggregate number shares of common stock issuable under the 2023 Incentive Plan in respect of awards shall not exceed 10 On May 4, 2023, the Company granted 82,500 10.00 The stock options are exercisable for a period of five years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. 3.47 3 0 0 61.34 4.18 The following table summarizes the Company’s stock option activity during this year: Schedule of Stock Option Activity Number of Weighted Average Balance, November 30, 2022 - $ - Granted 82,500 10.00 Balance, November 30, 2023 82,500 $ 10.00 As at November 30, 2023, the aggregate intrinsic value under the provisions of ASC 718 of all outstanding stock options was $nil. The unrecognized stock-based compensation expense related to the unvested portion of stock options totaled $ 89,852 0.74 During the years ended November 30, 2023 and 2022, the Company recognized share-based compensation expenses of $ 255,027 nil U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Nov. 30, 2023
Loss per share
Net Loss Per Share	Note 12: Net Loss Per Share The following table provides reconciliation between earnings per share of common stock: Schedule of Earnings Per Common Share 2023 2022 Year Ended November 30 2023 2022 Numerator Net loss for the year $ (9,356,577 ) $ (1,738,657 ) Denominator Weighted average number of shares, basic and diluted 11,480,346 9,937,248 Net loss per share, basic and diluted $ (0.82 ) $ (0.17 ) The basic and diluted net loss per share are the same as the Company is in a net loss position. The Company’s potentially dilutive securities, includes stock options ( 82,500 nil 1,741,292 nil

Financial Instruments

Financial Instruments	12 Months Ended
	Nov. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instruments	Note 13: Financial Instruments Financial Risk Management Objectives and Policies The financial risks arising from the Company’s operations are credit risk, liquidity risk and currency risk. These risks arise from the normal course of operations and all transactions undertaken are to support our ability to continue as a going concern. The risks associated with these financial instruments and the policies on how we mitigate these risks are set out below. Management manages and monitors these exposures to ensure appropriate measures are implemented in a timely and effective manner. Credit Risk Credit risk is the risk of an unexpected loss if a customer or third party to a financial instrument fails to meet its contractual obligations. The Company’s credit risk is primarily associated with our bank balances. We mitigate credit risk associated with its bank balances by holding cash with large, reputable financial institutions. Liquidity Risk Liquidity risk is the risk that the Company will not be able to settle or manage its obligations associated with financial liabilities. To manage liquidity risk, the Company closely monitors its liquidity position to ensure it has adequate sources of funding to finance its projects and operations. We had working capital as at November 30, 2023 of $ 11,493,428 We have not generated any revenue from operations and the only sources of financing to date have been through advances from GoldMining and the IPO. Our ability to meet our obligations and finance exploration activities depends on our ability to generate cash flow through the issuance of shares of common stock pursuant to private placements and short-term or long-term loans. Capital markets may not be receptive to offerings of new equity from treasury or debt, whether by way of private placements or public offerings. This may be further complicated by the limited liquidity for our common stock, restricting access to some institutional investors. Our growth and success is dependent on external sources of financing which may not be available on acceptable terms, or at all. The Company believes that the existing cash on hand will enable us to meet our working capital requirements for the next twelve months commencing from the date that the consolidated financial statements are issued. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Currency Risk We report our financial statements in U.S. dollars. The Company is exposed to foreign exchange risk when it undertakes transactions and holds assets and liabilities in currencies other than our functional currency. Financial instruments that impact our net loss due to currency fluctuations include cash and cash equivalents, restricted cash, accounts payable and accrued liabilities which are denominated in Canadian dollars. The impact of a U.S. dollar change against Canadian dollars of 10% would have an impact of approximately $ 233

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Nov. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14: Commitments and Contingencies Payments Required to Maintain the Whistler Project The Company is required to make annual land payments to the Department of Natural Resources of Alaska in the amount of $ 230,605 135,200 167,674 1,766,156 135,200 Future Commitments In August 2015, the Company acquired rights to the Whistler Project and associated equipment pursuant to an asset purchase agreement by and among the Company, GoldMining, Kiska Metals Corporation (“Kiska”) and Geoinformatics Alaska Exploration Inc (“Geoinformatics”). Pursuant to such agreement, the Company assumed an obligation on the Whistler Project pursuant to a royalty purchase agreement between Kiska, Geoinformatics, and MF2, LLC (“MF2”), dated December 16, 2014. This agreement granted MF2 a 2.75 In June 2023, the Company entered into an agreement with Equity Geoscience, Ltd. for the management of an exploration program for the Whistler Project. The agreement includes an approved work order totaling $ 5,255,500 5,066,720 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)

Income Tax

Income Tax	12 Months Ended
	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Income Tax	Note 15: Income Tax A reconciliation of the provision for income taxes computed at the combined federal and state statutory rate to the provision for income taxes as shown in the statements of operations for the years ended November 30, 2023 and 2022 is as follows: Schedule Of Effective Tax Rate Year ended November 30, 2023 2022 Federal income tax provision rate 21.00 % 21.00 % State income tax provision rate, net of federal tax 7.43 % 7.43 % 28.43 % 28.43 % 2023 2022 Year ended November 30, 2023 2022 Net loss for the year before tax $ (9,351,640 ) $ (1,738,657 ) Statutory federal income rate 21.00 % 21.00 % Recovery of income taxes at statutory rates $ (1,963,844 ) $ (365,118 ) State tax (696,186 ) (129,182 ) Permanent differences 448,615 525,401 Adjustments to valuation allowance related to prior years 58,886 - Change in valuation allowance 2,157,466 (31,101 ) Other - - Tax expense for the year $ 4,937 $ - Deductible temporary differences and unused tax losses for which no deferred tax assets have been recognized are attributable to the following: Schedule of Deferred Tax Assets 2023 2022 Year ended November 30, 2023 2022 Non-capital loss carry-forward $ 2,453,215 $ 652,677 Resource properties 446,198 90,923 Equipment 59,110 58,741 Others 7,707 6,423 Deferred income tax assets 2,966,230 808,764 Valuation allowance (2,966,230 ) (808,764 ) Deferred income tax assets $ - $ - Deferred tax assets have not been recognized in the financial statements, as management does not consider it more likely than not that those assets will be realized in the near future. The Company has non-capital federal losses which may be carried forward to reduce taxable income in future years. As at November 30, 2023, the Company has non-capital losses of $ 8,628,966 897,219 7,731,747 Our U.S. federal net operating loss carryforwards expire as follows: Summary of Operating Loss Carryforwards November 30, 2034 $ 46,930 November 30, 2035 289,455 November 30, 2036 283,286 November 30, 2037 277,548 Indefinite 7,731,747 Total $ 8,628,966 U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)

Related Party Transactions

Related Party Transactions	12 Months Ended
	Nov. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 16: Related Party Transactions During the years presented, we shared personnel, including key management personnel, office space, equipment, and various administrative services with other companies, including GoldMining. Costs incurred by GoldMining were allocated between its related subsidiaries based on an estimate of time incurred and use of services and are charged at cost. During the years ended November 30, 2023 and 2022, the allocated costs from GoldMining to the Company were $ 100,807 147,349 54,348 60,065 For the year ended November 30, 2023, the amounts advanced to us and paid on our behalf by GoldMining totaled $ 1,003,142 1,680,925 1,341,445 $1,158,143 nil 677,783 For the year ended November 30, 2022, the Company declared a return of capital to GoldMining of $ 1,096,343 173,889 57,702 1,096,343 2,254,486 1,158,143 During the year ended November 30, 2023, our board of directors approved a service agreement with Blender Media Inc. (“Blender”), a company controlled by a direct family member of the co-chairman and a director of GoldMining. During the years ended November 30, 2023 and 2022, we incurred $ 233,978 16,957 169,899 Nil During the years ended November 30, 2023 and 2022, share-based compensation costs included $ 31,127 3,516 GoldMining acquired 122,490 10 1,224,900 Related party transactions are based on the amounts agreed to by the parties. During the years ended November 30, 2023 and 2022, we did not enter into any contracts or undertake any commitment or obligation with any related parties other than as described herein.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Our financial statements are presented in United States dollars (“$” or “dollars”) and the functional currency of the Company is the United States dollar. The balance sheet as of November 30, 2022 and statements of operations, stockholder’s deficit and cash flows for the year ended November 30, 2022 have been prepared on a “carve-out” basis to include allocations of certain assets, liabilities and expenses related to services and support functions from GoldMining, which were allocated on a pro-rata basis considered by GoldMining to be a reasonable reflection of the utilization of services provided to us for the year presented. Management believes the assumptions and allocations underlying the comparative financial statements are reasonable and appropriate under the circumstances. Therefore, these comparative financial statements are not necessarily indicative of the results that would be attained if we had operated as a separate legal entity during the year presented and are not necessarily indicative of future operating results. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)
Consolidation	Consolidation The consolidated financial statements include the financial statements of U.S. GoldMining Inc. and US GoldMining Canada Inc., a wholly owned subsidiary of the Company from its incorporation on October 27, 2022. Subsidiaries are consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All inter-company transactions, balances, income and expenses are eliminated through the consolidation process.
Management’s Use of Estimates	Management’s Use of Estimates The preparation of these 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 years 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, share-based compensation, and allocation of expenses from GoldMining.
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share includes no potential dilution and is computed by dividing the net income (loss) attributable to Common stockholder by the weighted average number of shares of common stock outstanding for each year. The basic and diluted net income (loss) per share are the same as the Company is in a net loss position.
Segment Information	Segment Information We have determined that we operate and report in one segment, which focuses on the exploration and development of mineral properties. Our operating segment is reported in a manner consistent with the internal reporting provided to the chief operating decision maker (“CODM”) who is identified as our Chief Executive Officer. The majority of our non-current assets are located in Alaska, USA and with the remaining located in Vancouver, Canada.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents consist of all cash balances and highly liquid investments with a remaining maturity of three months or less when purchased and are carried at cost. The Company’s cash is held in Canada and the United States with large, reputable financial institutions and considers risk of unexpected loss to be unlikely. Restricted cash includes cash that has been pledged for credit facilities which are not available for immediate disbursement. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)
Property and Equipment	Property and Equipment Property and equipment is stated at cost, less accumulated depreciation. Property and equipment is recorded at cost and are depreciated using the straight-line method over the following estimated useful lives: Schedule of Estimated Useful Lives of Equipment Camp Structures 10 Exploration equipment 5 Vehicles 5 Expenditures incurred to replace a component of an item of property and equipment that is accounted for separately, including major inspection and overhaul expenditures are capitalized if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in the statements of operations as incurred.
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company’s long-lived assets consist of exploration and evaluation assets and property and equipment. Management continually evaluates whether events or changes in circumstances might indicate that the remaining estimated useful life of long-lived assets may warrant revision, or that the remaining balance may not be recoverable. When factors indicate that long-lived assets should be evaluated for possible impairment, recoverability of long-lived assets is measured by comparing the carrying amount of an asset (asset group) to the estimated undiscounted future cash flows expected to be generated by the asset (asset group). If the carrying amount of an asset (asset group) exceeds its estimated undiscounted future cash flows, an impairment charged is recognized by the amount by which the carrying amount of the asset exceeds its fair value. Determination of the fair value would be based on generally accepted valuation methodologies, as deemed appropriate. If the carrying amount is greater than the undiscounted cash flows, the carrying amount of the asset is adjusted to the asset’s fair value, and an impairment loss is recognized immediately as an operating expense in the statement of operations. The adjusted carrying amount of the long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Reversal of previously recorded impairment losses are prohibited. Exploration and evaluation assets are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly. An impairment loss is recognized in the statement of operations. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are largely independent cash flows. The Company determined that there are not multiple independent cash flows, so the Company’s assets are assessed for impairment as a whole. Mineral properties are subject to impairment tests, with one property representing an asset, or asset group. The Company currently has one mineral property, which is associated with the Whistler Project. An impairment review is undertaken when indicators of impairment arise. The Company considers the following to be examples of such indicators that would trigger an impairment review: ● The right to explore the area has expired or will expire in the near future with no expectation of renewal; ● Substantive expenditure on further exploration for and evaluation of mineral resources in the area is neither planned nor budgeted; ● No commercially viable deposits have been discovered, and the decision had been made to discontinue exploration in the area; and ● Sufficient work has been performed to indicate that the carrying amount of the expenditure carried as an asset will not be fully recovered. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) During the year ended November 30, 2023, the useful life of the Company’s camp structures was determined to be 10
Mineral Exploration Rights and Costs, Exploration, Evaluation and Development Expenditures	Mineral Exploration Rights and Costs, Exploration, Evaluation and Development Expenditures All direct costs related to the acquisition of exploration rights are capitalized on a property-by-property basis. There is no certainty that costs incurred to acquire exploration rights will result in discoveries of commercial quantities of minerals. All cost recoveries attributable to selling economic interests in exploration rights, such as royalties, are credited against acquisition costs. All other exploration and evaluation expenditures are charged to operations until such time as it has been determined that a property has economically recoverable reserves, in which case subsequent exploration and evaluation costs and the costs incurred to develop a property are capitalized into mineral properties. On the commencement of production, depletion of each mineral property will be provided on a units-of-production basis using estimated reserves as the depletion base.
Asset Retirement Obligations	Asset Retirement Obligations At the end of each period, asset retirement obligations (“ARO”) represents the present value of estimated future costs for the rehabilitation of our mineral properties. These estimates include assumptions as to the future activities, cost of services, timing of the rehabilitation work to be performed, inflation rates, exchange rates and risk-adjusted discount rate. The actual cost to rehabilitate a mineral property may vary from the estimated amounts because there are uncertainties in factors used to estimate the cost and potential changes in regulations or laws governing the rehabilitation of a mineral property. Management periodically reviews the rehabilitation requirements and adjusts the liability as new information becomes available and will assess the impact of new regulations and laws as they are enacted.
Income Taxes	Income Taxes Income tax expense represents the sum of tax currently payable and deferred tax. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted at the end of each reporting period. Deferred income tax is provided using the liability method on temporary differences, at the end of each reporting period, between the income tax bases of assets and liabilities and financial reporting basis. Deferred income tax assets are reviewed at the end of each reporting period and reduced to the extent that it is not more likely than not that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be realized. The valuation allowance against deferred tax assets reassessed at the end of each reporting period and is recognized to the extent that it is more likely than not that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted at the end of each reporting period. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statements of comprehensive loss. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) Deferred income tax assets and deferred income tax liabilities are offset if, and only if, a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend to either settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax assets or liabilities are expected to be settled or recovered.
Leases	Leases The Company accounts for leases in accordance with ASC 842, Leases. At contract inception, the Company determines if an arrangement is or contains a lease. A lease conveys the right to control the use of an identified asset for a period of time in exchange for consideration. If a contract is determined to be or contain a lease, the lease is assessed for classification as either an operating or finance lease at the lease commencement date, defined as the date on which the leased asset is made available for use by the Company, based on the economic characteristics of the lease. For each lease with a term greater than twelve months, the Company records a right-of-use asset and lease liability. A right-of-use asset represents the economic benefit conveyed to the Company by the right to use the underlying asset over the lease term. A lease liability represents the obligation to make lease payments arising from the lease. The Company records amortization of operating right-of-use assets and accretion of lease liabilities as a single lease cost on a straight-line basis over the lease term. Lease liabilities are measured at the lease commencement date and calculated as the present value of the future lease payments in the contract using the rate implicit in the contract, when available. If an implicit rate is not readily determinable, the Company uses its incremental borrowing rate measured as the rate at which the Company could borrow, on a fully collateralized basis, a commensurate loan in the same currency over a period consistent with the lease term at the commencement date. Right-of-use assets are measured as the lease liability plus initial direct costs and prepaid lease payments, less lease incentives granted by the lessor. The lease term is measured as the noncancelable period in the contract, adjusted for any options to extend or terminate when it is reasonably certain the Company will extend the lease term via such options based on an assessment of economic factors present as of the lease commencement date. The Company elected the practical expedient to not recognize leases with a lease term of twelve months or less. The Company assesses its right-of-use assets for impairment consistent with the assessment performed for long-lived assets used in operations. If an impairment is recognized on operating lease right-of-use assets, the lease liability continues to be recognized using the same effective interest method as before the impairment and the operating lease right-of-use asset is amortized over the remaining term of the lease on a straight-line basis. The Company’s operating leases are presented in the consolidated balance sheet as right-of-use assets, classified as noncurrent assets, and operating lease liabilities, classified as current and noncurrent liabilities based on the discounted lease payments to be made within the proceeding twelve months. Variable costs associated with a lease, such as maintenance and utilities, are not included in the measurement of the lease liabilities and right-of-use assets but rather are expensed when the events determining the amount of variable consideration to be paid have occurred.
Inventories	Inventories Inventories include materials and supplies, which are valued at the lower of average cost or net realizable value. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)
Share-based Compensation	Share-based Compensation The Company grants stock options to certain directors, officers, employees and consultants of the Company. The Company uses the Black-Scholes option-pricing model to determine the grant date fair value of stock options. The fair value of stock options granted to employees is recognized as an expense over the vesting period with a corresponding increase in equity. An individual is classified as an employee when the individual is an employee for legal or tax purposes, provides services that could be provided by a direct employee, or has authority and responsibility for planning, directing and controlling the activities of the Company, including non-executive directors. The fair value is measured at grant date and recognized over the period during which the options vest. Forfeitures are accounted for as they occur. The fair value of the restricted shares is measured at the grant date and recognized over the period during which the restricted shares vest. When restricted shares are conditional upon the achievement of a performance condition, the Company estimates the length of the expected vesting period at grant date, based on the most likely outcome of the performance condition. The fair value of the restricted shares is determined based on the fair value of the common stock on the grant date, adjusted for lack of marketability discount, minority shareholder discount, and other applicable factors that are generally recognized by market participants. The fair value of restricted shares is recognized as an expense over the vesting period based on the best available estimate of the number of restricted shares expected to vest and will revise that estimate if subsequent information indicates that the number of restricted shares expected to vest differs from previous estimates.
Foreign Currency Translation	Foreign Currency Translation The functional currency of our Company, including its subsidiary, is the United States dollar. Net gains and losses resulting from foreign exchange translations and foreign currency exchange gains and losses on transactions occurring in a currency other than our Company’s functional currency are included in the determination of net loss in the period.
Related Party Transactions	Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company adopted FASB ASC Topic 820, Fair Value Measurements (“ASC Topic 820”). ASC Topic 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: ● Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ● Level 2 Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ● Level 3 Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The carrying value of the Company’s cash, cash equivalents and restricted cash, other receivables, accounts payable and accrued liabilities approximate their fair values due to the short-term nature of these balances. U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes” (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. The new standard is effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Management has assessed and concluded there is no material impact on the Company’s financial statements. In November 2023, the FASB issued ASU 2023-07, the amendments “improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses”. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The purpose of the amendments is to enable “investors to better understand an entity’s overall performance” and assess “potential future cash flows.” The amendments in ASU 2023-07 are effective for all public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Management is currently evaluating the impact of this guidance on our financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Equipment	Schedule of Estimated Useful Lives of Equipment Camp Structures 10 Exploration equipment 5 Vehicles 5

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	12 Months Ended
	Nov. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Schedule of Cash and Cash Equivalents November 30, 2023 November 30, 2022 Cash and cash equivalents consist of: Cash at bank $ 901,338 $ 54,508 Term deposits 10,500,000 - Total $ 11,401,338 $ 54,508
Schedule of Cash, Cash Equivalents and Restricted Cash	Schedule of Cash, Cash Equivalents and Restricted Cash November 30, 2023 November 30, 2022 Cash and cash equivalents $ 11,401,338 $ 54,508 Restricted cash 86,870 - Total cash, cash equivalents and restricted cash $ 11,488,208 $ 54,508

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Nov. 30, 2023
Receivables [Abstract]
Schedule of Other Receivables	Other receivables consist of the following: Schedule of Other Receivables November 30, 2023 November 30, 2022 Federal corporate tax receivable $ 45,500 $ 45,500 State of Alaska corporate tax receivable - 22,500 Interest receivable 67,224 - Other 2,389 - Total $ 115,113 $ 68,000

Prepaid Expenses and Deferred_2

Prepaid Expenses and Deferred Costs (Tables)	12 Months Ended
	Nov. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Deferred Costs	Prepaid expenses and deferred costs consist of the following: Schedule of Prepaid Expenses and Deferred Costs November 30, 2023 November 30, 2022 Prepaid insurance $ 186,014 7,000 Prepaid corporate development expenses (1) 172,566 - Other prepaid expenses 17,353 5,179 Deferred financing costs (2) - 94,932 Total $ 375,933 $ 107,111 (1) Prepaid corporate development costs include fees prepaid to Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining Inc. (Note 16). (2) The deferred financing costs relate to the incremental share issue costs associated with the IPO, which were reallocated to share issuance costs upon completion of the IPO, and included in the additional paid-in capital in our financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Nov. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property Plant and Equipment	Schedule of Property Plant and Equipment November 30, 2023 November 30, 2022 Cost Accumulated Net Book Cost Accumulated Net Book Camp structures $ 767,706 $ (27,179 ) $ 740,527 $ - $ - $ - Exploration equipment 52,846 (1,762 ) 51,084 - - - Vehicles 60,537 (2,018 ) 58,519 - - - $ 881,089 $ (30,959 ) $ 850,130 $ - $ - $ -

Leases (Tables)

Leases (Tables)	12 Months Ended
	Nov. 30, 2023
Leases [Abstract]
Schedule of Operating Lease Payments	Minimum future lease payments under operating leases with terms longer than one year are as follows: Schedule of Operating Lease Payments Fiscal 2024 31,079 Fiscal 2025 37,472 Fiscal 2026 38,360 Fiscal 2027 38,360 Fiscal 2028 28,770 Total lease payments 174,041 Less: imputed interest (38,686 ) Present value of lease liabilities $ 135,355 Current portion of lease liabilities $ 17,268 Non-current portion of lease liabilities $ 118,087
Schedule of Total lease Payments	During the years ended November 30 2023 and 2022, total lease expenses include the following components: Schedule of Total lease Payments 2023 2022 Year ended November 30, 2023 2022 Operating Leases $ 10,735 $ - Short-term Leases 21,919 - Total Lease Expenses $ 32,654 $ -

Exploration and Evaluation As_2

Exploration and Evaluation Assets (Tables)	12 Months Ended
	Nov. 30, 2023
Exploration And Evaluation Assets
Schedule of Exploration and Evaluation Assets	Exploration and evaluation assets for our Whistler Project consist of the following: Schedule of Exploration and Evaluation Assets November 30, 2023 November 30, 2022 Balance, beginning of year $ - $ 417,123 Settlement of Funding Commitment - (417,123 ) Change in ARO estimate 31,392 - Balance, end of year $ 31,392 $ -
Schedule of Exploration and Evaluation Expenses	The following table presents costs incurred for exploration activities at the Whistler Project for the year ended November 30, 2023 and 2022: Schedule of Exploration and Evaluation Expenses 2023 2022 Year ended November 30, 2023 2022 Drilling $ 1,694,952 $ - Consulting fees 1,499,000 256,275 Land fee, camp maintenance expenses 945,751 254,910 Transportation and travel 547,942 29,887 Other exploration expenses 366,855 2,250 Total $ 5,054,500 $ 543,322

General and Administrative Ex_2

General and Administrative Expenses (Tables)	12 Months Ended
	Nov. 30, 2023
General And Administrative Expenses
Schedule of General And Administrative Expenses	The following table presents general and administrative expenses for the years ended November 30, 2023 and 2022: Schedule of General And Administrative Expenses 2023 2022 Year ended November 30, 2023 2022 Office, consulting, investor relations, insurance and travel (1) $ 2,101,872 $ 55,036 Professional fees 1,665,183 883,664 Share-based compensation (2) 423,831 65,303 Management fees, salaries and benefits (2) 300,767 157,925 Filing, listing, dues and subscriptions 178,595 10,882 Total $ 4,670,248 $ 1,172,810 (1) Office, consulting, investor relations, insurance and travel expenses include costs for Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining (Note 16). (2) During the years ended November 30, 2023 and 2022, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 16).

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	12 Months Ended
	Nov. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Asset Retirement Obligations Value Assumptions	Schedule of Asset Retirement Obligations Value Assumptions November 30, 2023 November 30, 2022 Undiscounted amount of estimated cash flows $ 385,600 $ 235,000 Life expectancy (years) 10 3 Inflation rate 2.00 % 2.00 % Discount rate 9.32 % to 11.40 % 9.32 %
Schedule of Asset Retirement Obligations	The following table summarizes the movements of the Company’s ARO: Schedule of Asset Retirement Obligations November 30, 2023 November 30, 2022 Balance, beginning of year $ 225,871 $ 206,616 Balance $ 225,871 $ 206,616 Accretion 21,051 19,255 Change in estimate (67,042 ) - Balance, end of year $ 179,880 $ 225,871 Balance $ 179,880 $ 225,871

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Nov. 30, 2023
Equity [Abstract]
Schedule of Allocation of Fair Value of Common Shares and Common Share Purchase Warrants	Schedule of Allocation of Fair Value of Common Shares and Common Share Purchase Warrants ($) Fair value of common stock 18,208,955 Fair value of common stock purchase warrants 1,791,045 Total gross proceeds from the IPO 20,000,000 Gross proceeds 20,000,000 Common stock issuance costs (883,311 ) Common stock purchase warrant issuance costs (86,883 ) Net proceeds received 19,029,806 Fair value allocation to: Common stock 17,325,644 Common stock purchase warrants 1,704,162 Total Fair Value Allocated to Shares and Warrants 19,029,806
Schedule of Outstanding Share Purchase Warrants	Schedule of Outstanding Share Purchase Warrants Number of Weighted Average Balance, November 30, 2022 - $ - Common stock purchase warrants issued at the IPO 2,000,000 13.00 Exercised (258,708 ) 13.00 Balance, November 30, 2023 1,741,292 $ 13.00
Schedule of Stock Option Activity	The following table summarizes the Company’s stock option activity during this year: Schedule of Stock Option Activity Number of Weighted Average Balance, November 30, 2022 - $ - Granted 82,500 10.00 Balance, November 30, 2023 82,500 $ 10.00

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Nov. 30, 2023
Loss per share
Schedule of Earnings Per Common Share	The following table provides reconciliation between earnings per share of common stock: Schedule of Earnings Per Common Share 2023 2022 Year Ended November 30 2023 2022 Numerator Net loss for the year $ (9,356,577 ) $ (1,738,657 ) Denominator Weighted average number of shares, basic and diluted 11,480,346 9,937,248 Net loss per share, basic and diluted $ (0.82 ) $ (0.17 )

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Schedule Of Effective Tax Rate	A reconciliation of the provision for income taxes computed at the combined federal and state statutory rate to the provision for income taxes as shown in the statements of operations for the years ended November 30, 2023 and 2022 is as follows: Schedule Of Effective Tax Rate Year ended November 30, 2023 2022 Federal income tax provision rate 21.00 % 21.00 % State income tax provision rate, net of federal tax 7.43 % 7.43 % 28.43 % 28.43 % 2023 2022 Year ended November 30, 2023 2022 Net loss for the year before tax $ (9,351,640 ) $ (1,738,657 ) Statutory federal income rate 21.00 % 21.00 % Recovery of income taxes at statutory rates $ (1,963,844 ) $ (365,118 ) State tax (696,186 ) (129,182 ) Permanent differences 448,615 525,401 Adjustments to valuation allowance related to prior years 58,886 - Change in valuation allowance 2,157,466 (31,101 ) Other - - Tax expense for the year $ 4,937 $ -
Schedule of Deferred Tax Assets	Deductible temporary differences and unused tax losses for which no deferred tax assets have been recognized are attributable to the following: Schedule of Deferred Tax Assets 2023 2022 Year ended November 30, 2023 2022 Non-capital loss carry-forward $ 2,453,215 $ 652,677 Resource properties 446,198 90,923 Equipment 59,110 58,741 Others 7,707 6,423 Deferred income tax assets 2,966,230 808,764 Valuation allowance (2,966,230 ) (808,764 ) Deferred income tax assets $ - $ -
Summary of Operating Loss Carryforwards	Our U.S. federal net operating loss carryforwards expire as follows: Summary of Operating Loss Carryforwards November 30, 2034 $ 46,930 November 30, 2035 289,455 November 30, 2036 283,286 November 30, 2037 277,548 Indefinite 7,731,747 Total $ 8,628,966

Business (Details Narrative)

Business (Details Narrative) - shares			12 Months Ended
		Apr. 24, 2023	Nov. 30, 2023	Apr. 23, 2023
Common Stock [Member]
Controlling interest of shares	[1]		2,000,000
GoldMining Inc [Member]
Controlling interest of shares		9,622,491
Ownership percentage			79.70%	79.30%
GoldMining Inc [Member] | Common Stock [Member] | Maximum [Member]
Number of warrants issued		122,490
[1]The shares and associated amounts have been retrospectively restated to reflect a 2.714286-for-1 10,000,000 300,000,000 0.001

Schedule of Estimated Useful Li

Schedule of Estimated Useful Lives of Equipment (Details)	Nov. 30, 2023
Camp Structures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Exploration and Production Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	Nov. 30, 2023
Camp Structures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

Schedule of Cash and Cash Equiv

Schedule of Cash and Cash Equivalents (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash at bank	$ 901,338	$ 54,508
Term deposits	10,500,000
Total	$ 11,401,338	$ 54,508

Schedule of Cash, Cash Equivale

Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 11,401,338	$ 54,508
Restricted cash	86,870
Total cash, cash equivalents and restricted cash	$ 11,488,208	$ 54,508

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details Narrative) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 86,870

Schedule of Other Receivables (

Schedule of Other Receivables (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Receivables [Abstract]
Federal corporate tax receivable	$ 45,500	$ 45,500
State of Alaska corporate tax receivable		22,500
Interest receivable	67,224
Other	2,389
Total	$ 115,113	$ 68,000

Schedule of Prepaid Expenses an

Schedule of Prepaid Expenses and Deferred Costs (Details) - USD ($)		Nov. 30, 2023	Nov. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance		$ 186,014	$ 7,000
Prepaid corporate development expenses	[1]	172,566
Other prepaid expenses		17,353	5,179
Deferred financing costs	[2]		94,932
Total		$ 375,933	$ 107,111
[1]Prepaid corporate development costs include fees prepaid to Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining Inc. (Note 16).[2]The deferred financing costs relate to the incremental share issue costs associated with the IPO, which were reallocated to share issuance costs upon completion of the IPO, and included in the additional paid-in capital in our financial statements.

Schedule of Property Plant and

Schedule of Property Plant and Equipment (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Cost	$ 881,089
Property, Plant and Equipment, Accumulated Depreciation	(30,959)
Property, Plant and Equipment, Net Book Value	850,130
Camp Structures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Cost	767,706
Property, Plant and Equipment, Accumulated Depreciation	(27,179)
Property, Plant and Equipment, Net Book Value	740,527
Exploration Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Cost	52,846
Property, Plant and Equipment, Accumulated Depreciation	(1,762)
Property, Plant and Equipment, Net Book Value	51,084
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Cost	60,537
Property, Plant and Equipment, Accumulated Depreciation	(2,018)
Property, Plant and Equipment, Net Book Value	$ 58,519

Property and Equipment (Details

Property and Equipment (Details Narrative)	Nov. 30, 2023 USD ($)
Property, Plant and Equipment [Abstract]
Cost of camp structures renovation	$ 866,140

Schedule of Operating Lease Pay

Schedule of Operating Lease Payments (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Leases [Abstract]
Fiscal 2024	$ 31,079
Fiscal 2025	37,472
Fiscal 2026	38,360
Fiscal 2027	38,360
Fiscal 2028	28,770
Total lease payments	174,041
Less: imputed interest	(38,686)
Present value of lease liabilities	135,355
Current portion of lease liabilities	17,268
Non-current portion of lease liabilities	$ 118,087

Schedule of Total lease Payment

Schedule of Total lease Payments (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Leases [Abstract]
Operating Leases	$ 10,735
Short-term Leases	21,919
Total Lease Expenses	$ 32,654

Leases (Details Narrative)

Leases (Details Narrative)	Nov. 30, 2023	May 31, 2023
Leases [Abstract]
Operating Lease for years	4 years 10 months 17 days	5 years 3 months 29 days
Remaining lease for years	4 years 10 months 2 days
Operating lease discount rate	11.34%

Schedule of Exploration and Eva

Schedule of Exploration and Evaluation Assets (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Exploration And Evaluation Assets
Balance, beginning of year		$ 417,123
Settlement of Funding Commitment		(417,123)
Change in ARO estimate	31,392
Balance, end of year	$ 31,392

Schedule of Exploration and E_2

Schedule of Exploration and Evaluation Expenses (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Exploration And Evaluation Assets
Drilling	$ 1,694,952
Consulting fees	1,499,000	256,275
Land fee, camp maintenance expenses	945,751	254,910
Transportation and travel	547,942	29,887
Other exploration expenses	366,855	2,250
Total	$ 5,054,500	$ 543,322

Exploration and Evaluation As_3

Exploration and Evaluation Assets (Details Narrative) - USD ($)			12 Months Ended
	Sep. 26, 2022	Nov. 27, 2020	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2015
Net smelter return, percentage						2.75%
Proceeds from settlement of funding commitment				$ 1,158,143
Return of capital				(1,096,343)
Exploration and evaluation assets			31,392		$ 417,123
Funding commitment				1,837,363
Exploration and evaluation assets			$ 31,392
Funding Agreement [Member]
Outstanding funding commitment	$ 2,254,486
Proceeds from settlement of funding commitment	1,158,143
Settlement of promissory note payable	1,096,343
Return of capital	1,096,343
Exploration and evaluation assets
Funding commitment	$ 1,837,163
Gold Royalty Corp [Member]
Net smelter return, percentage		1%
Net smelter return acquisition, percentage		0.75%
Net smelter return acquisition value		$ 5,000,000
Gold Royalty Corp [Member] | Funding Agreement [Member]
Fair value of shares received transaction		2,570,700
Outstanding funding commitment		$ 2,570,700

Schedule of General And Adminis

Schedule of General And Administrative Expenses (Details) - USD ($)		12 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
General And Administrative Expenses
Office, consulting, investor relations, insurance and travel	[1]	$ 2,101,872	$ 55,036
Professional fees		1,665,183	883,664
Share-based compensation	[2]	423,831	65,303
Management fees, salaries and benefits	[2]	300,767	157,925
Filing, listing, dues and subscriptions		178,595	10,882
Total		$ 4,670,248	$ 1,172,810
[1]Office, consulting, investor relations, insurance and travel expenses include costs for Blender Media Inc., a company controlled by a direct family member of the co-chairman and a director of GoldMining (Note 16).[2]During the years ended November 30, 2023 and 2022, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 16).

Schedule of Asset Retirement Ob

Schedule of Asset Retirement Obligations Value Assumptions (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Undiscounted amount of estimated cash flows	$ 385,600	$ 235,000
Life expectancy (years)	10 years	3 years
Inflation rate	2%	2%
Percentage of asset retirement obligations discount rate		9.32%
Minimum [Member]
Percentage of asset retirement obligations discount rate	9.32%
Maximum [Member]
Percentage of asset retirement obligations discount rate	11.40%

Schedule of Asset Retirement _2

Schedule of Asset Retirement Obligations (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Asset Retirement Obligation Disclosure [Abstract]
Balance	$ 225,871	$ 206,616
Accretion	21,051	19,255
Change in estimate	(67,042)
Balance	$ 179,880	$ 225,871

Asset Retirement Obligations (D

Asset Retirement Obligations (Details Narrative) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Asset Retirement Obligation Disclosure [Abstract]
Life expectancy (years)	10 years	3 years
Change in estimate	$ 67,042
ARO change in estimates included in camp structures	98,434
Exploration and evaluation assets	$ 31,392

Schedule of Allocation of Fair

Schedule of Allocation of Fair Value of Common Shares and Common Share Purchase Warrants (Details)	12 Months Ended
	Nov. 30, 2023 USD ($)
Equity [Abstract]
Fair value of common stock	$ 18,208,955
Fair value of common stock purchase warrants	1,791,045
Total gross proceeds from the IPO	20,000,000
Gross proceeds	20,000,000
Common stock issuance costs	(883,311)
Common stock purchase warrant issuance costs	(86,883)
Net proceeds received	19,029,806
Common stock	17,325,644
Common stock purchase warrants	1,704,162
Total Fair Value Allocated to Shares and Warrants	$ 19,029,806

Schedule of Outstanding Share P

Schedule of Outstanding Share Purchase Warrants (Details) - Warrant [Member]	12 Months Ended
	Nov. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants, beginning balance | shares
Weighted average exercise price, beginning balance | $ / shares
Number of warrants issued at the IPO | shares	2,000,000
Weighted average exercise price, issued at the ipo | $ / shares	$ 13
Exercised | shares	(258,708)
Weighted average exercise price, exercised | $ / shares	$ 13
Number of warrants, ending balance | shares	1,741,292
Weighted average exercise price, ending balance | $ / shares	$ 13

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details)	12 Months Ended
	Nov. 30, 2023 $ / shares shares
Equity [Abstract]
Number of stock options outstanding beginning | shares
Weighted average exercise price outstanding beginning | $ / shares
Number of stock options outstanding beginning | shares	82,500
Weighted average exercise price outstanding beginning | $ / shares	$ 10
Number of stock options outstanding beginning | shares	82,500
Weighted average exercise price outstanding beginning | $ / shares	$ 10

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)							12 Months Ended
	Jul. 19, 2023	May 04, 2023	Apr. 24, 2023	Apr. 19, 2023	Sep. 23, 2022	Sep. 22, 2022	Nov. 30, 2023	Nov. 30, 2022	Feb. 06, 2023
Subsidiary, Sale of Stock [Line Items]
Market capital value							$ 18,208,955
Stock split descriptions						2.714286-for-1
Common stock, shares outstanding							12,398,709	10,135,001
Common stock par value							$ 0.001	$ 0.001
Common stock, shares authorized						10,000,000	300,000,000	300,000,000
Preferred stock par value							$ 0.001
Preferred stock, shares authorized						1,000,000	10,000,000
Shares issued for services	5,000
Common stock, shares issued							12,398,709	10,135,001
Preferred stock, shares issued							0
Preferred stock, shares outstanding							0
Performance based restricted stock granted					635,000
Description of terms and conditions in the event of disclosure of mineral products					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 Shares 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 Shares 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.
Optios granted							82,500
Exercise price							$ 10
Unrecognized stock-based compensation expense							$ 89,852
Weighted-average period unrecognized							8 months 26 days
Share-based compensation expenses							$ 255,027
2023 Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Percentage of shares issued and outstanding									10%
Restricted Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Maximum number of shares of common stock may be issued					1,000,000
Recognition of share based compensation expenses							48,756	$ 5,238
Restricted Stock [Member] | Condition One [Member]
Subsidiary, Sale of Stock [Line Items]
Offering description					with respect to 15% of the performance based restricted shares of common stock, if we have not completed equity financing(s) in an aggregate amount of at least $15,000,000 prior to or concurrently with the earlier of: (i) the date that is two years after the date of grant of such award; and (ii) the occurrence of a liquidation event, as such term is defined in the Legacy Incentive Plan, or any merger with or sale of our outstanding shares or all or substantially all of our assets to a third-party, referred to as an “Exit Transaction”, provided that, for greater certainty, the following shall not be considered an Exit Transaction: (A) any amalgamation, merger or consolidation of our business with or into a related entity; (B) a transaction undertaken solely for the purpose of changing our place of domicile or jurisdiction of incorporation; (C) an equity financing; and (D) completion of an initial public offering, spin-off from GoldMining or other going public transaction, referred to as an “IPO Event” (condition met);
Equity issued percentage					15%
Gross proceeds equity financing					$ 15,000,000
Restricted Stock [Member] | Condition Two [Member]
Subsidiary, Sale of Stock [Line Items]
Market capital value					$ 100,000,000
Offering description					with respect to 15% of the performance based restricted shares of common stock, an IPO Event has not occurred that values our business at a minimum of $100,000,000 prior to the date that is two years after the date of grant of such award (condition met);
Equity issued percentage					15%
Restricted Stock [Member] | Condition Three [Member]
Subsidiary, Sale of Stock [Line Items]
Offering description					with respect to 15% of the performance based restricted shares of common stock, if the recipient of such award ceases to be our or our affiliates’ director, officer, employee or consultant, as applicable, at any time during the period from the date of grant of such award until the date that is two years after the date of grant;
Equity issued percentage					15%
Restricted Stock [Member] | Condition Four [Member]
Subsidiary, Sale of Stock [Line Items]
Equity issued percentage					15%
Offering description					with respect to 15% of the performance based restricted shares of common stock, if we have not re-established the Whistler Project camp and performed of a minimum of 10,000 meters of drilling prior to the date that is three years after the date of grant of such award;
Restricted Stock [Member] | Condition Five [Member]
Subsidiary, Sale of Stock [Line Items]
Offering description					with respect to 15% of the performance based restricted shares of common stock, if we have not achieved a share price of $15.00 prior to the date that is four years after the date of grant of such award (condition met);
Equity issued percentage					15%
Share price					$ 15
Restricted Stock [Member] | Condition Six [Member]
Subsidiary, Sale of Stock [Line Items]
Offering description					with respect to 15% of the performance based restricted shares of common stock, if we have not achieved a $250,000,000 market capitalization, based on the number of shares of our outstanding common stock multiplied by the volume-weighted average price for any applicable five (5) consecutive trading day period on the principal stock exchange on which our common stock is listed prior to the date that is five years after the date of grant of such award; or
Equity issued percentage					15%
Market capitalization of equity					$ 250,000,000
Restricted Stock [Member] | Condition Seven [Member]
Subsidiary, Sale of Stock [Line Items]
Offering description					with respect to 10% of the performance based restricted common stock, if we have not achieved a share price of $25.00 prior to the date that is six years after the date of grant of such award.
Equity issued percentage					10%
Share price					$ 25
Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Proceeds from warrant exercised							$ 3,363,204
Warrants outstanding							1,741,292
Warrant exercise price							$ 13
Warrants outstanding, term							2 years 4 months 24 days
Share-Based Payment Arrangement, Option [Member]
Subsidiary, Sale of Stock [Line Items]
Share price		$ 4.18
Optios granted		82,500
Exercise price		$ 10
Description of vesting of options		The stock options are exercisable for a period of five years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.
Risk-free interest rate		3.47%
Expected life		3 years
Expected dividend yield		0%
Estimated forfeiture rate		0%
Expected volatility rate		61.34%
BRI Alaska Holdings Inc [Member]
Subsidiary, Sale of Stock [Line Items]
Equity method investment ownership percentage					100%
Minimum [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding						3,500,000
Maximum [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding						9,500,001
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Issued under initial public offering, shares			2,000,000	2,000,000
Price per unit			$ 10	$ 10
Warrant exercise price per share				$ 13
Market capital value			$ 20,000,000
Securities issuance costs			970,194
Cash fees paid to the underwriters			$ 650,000
Acquired units, shares			122,490
Total consideration			$ 1,224,900

Schedule of Earnings Per Common

Schedule of Earnings Per Common Share (Details) - USD ($)		12 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
Numerator
Net loss for the year		$ (9,356,577)	$ (1,738,657)
Weighted average number of shares, basic	[1]	11,480,346	9,937,248
Weighted average number of shares, diluted	[1]	11,480,346	9,937,248
Net loss per share, basic		$ (0.82)	$ (0.17)
Net loss per share, diluted		$ (0.82)	$ (0.17)
[1]The shares and associated amounts have been retrospectively restated to reflect a 2.714286-for-1 10,000,000 300,000,000 0.001

Net Loss Per Share (Details Nar

Net Loss Per Share (Details Narrative)	12 Months Ended
	Nov. 30, 2023 shares
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	82,500
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,741,292

Financial Instruments (Details

Financial Instruments (Details Narrative)	12 Months Ended
	Nov. 30, 2023 USD ($)
Investments, All Other Investments [Abstract]
Working capital	$ 11,493,428
Foreign currency transaction loss	$ 233

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Nov. 30, 2023	Aug. 31, 2015
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Fiscal 2024	$ 31,079
Annual labor requirement 2024	135,200
Labor and related carry forward expense	135,200
Net smelter return, percentage		2.75%
Fees amount	5,066,720
Expiring in 2026 [Member]
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Labor and related carry forward expense	167,674
Expiring in 2027 [Member]
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Labor and related carry forward expense	1,766,156
June 1, 2023 to February 29, 2024 [Member]
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Fees amount	5,255,500
Whistler Project [Member]
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Fiscal 2024	$ 230,605

Schedule Of Effective Tax Rate

Schedule Of Effective Tax Rate (Details) - USD ($)	12 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Statutory federal income rate	21%	21%
Statutory federal income rate	7.43%	7.43%
Statutory federal income rate	28.43%	28.43%
Net loss for the year before tax	$ (9,351,640)	$ (1,738,657)
Recovery of income taxes at statutory rates	(1,963,844)	(365,118)
State tax	(696,186)	(129,182)
Permanent differences	448,615	525,401
Adjustments to valuation allowance related to prior years	58,886
Change in valuation allowance	2,157,466	(31,101)
Other
Tax expense for the year	$ 4,937

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets (Details) - USD ($)	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Non-capital loss carry-forward	$ 2,453,215	$ 652,677
Resource properties	446,198	90,923
Equipment	59,110	58,741
Others	7,707	6,423
Deferred income tax assets	2,966,230	808,764
Valuation allowance	(2,966,230)	(808,764)
Deferred income tax assets

Summary of Operating Loss Carry

Summary of Operating Loss Carryforwards (Details)	Nov. 30, 2023 USD ($)
Income Tax Disclosure [Abstract]
November 30, 2034	$ 46,930
November 30, 2035	289,455
November 30, 2036	283,286
November 30, 2037	277,548
Indefinite	7,731,747
Total	$ 8,628,966

Income Tax (Details Narrative)

Income Tax (Details Narrative)	Nov. 30, 2023 USD ($)
Non capital losses	$ 8,628,966
Non capital losses carryforward	7,731,747
Between 2034 and 2037 [Member]
Non capital losses	$ 897,219

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Apr. 24, 2023	Sep. 26, 2022	May 31, 2023	Nov. 30, 2023	Nov. 30, 2022
Related Party Transaction [Line Items]
Share-based compensation costs				$ 255,027
Repayment of previously advanced amount				1,680,925
Proceeds from settlement of funding commitment					1,158,143
Loans payable					677,783
Return of capital					1,096,343
Return of capital distributions, tax withholdings				10,741	173,889
Withholding taxes paid on return of capital				(53,935)	57,702
General and Administrative costs incurred				4,670,248	1,172,810
IPO [Member]
Related Party Transaction [Line Items]
Sale of stock shares, transaction	122,490
Price per unit	$ 10
Sale of stock consideration receive transaction	$ 1,224,900
Director [Member] | Restricted Stock [Member]
Related Party Transaction [Line Items]
Share-based compensation costs				31,127	3,516
Blender Media Inc [Member]
Related Party Transaction [Line Items]
General and Administrative costs incurred				233,978	16,957
Prepaid expenses and deferred costs including service fees prepaid				169,899
Funding Agreement [Member]
Related Party Transaction [Line Items]
Proceeds from settlement of funding commitment		$ 1,158,143
Return of capital		(1,096,343)
Settlement of promissory note payable		1,096,343
Funding commitment		$ 2,254,486
GoldMining Inc [Member]
Related Party Transaction [Line Items]
Related party cost				100,807	147,349
Share-based compensation costs				54,348	60,065
Advance paid during the period				$ 1,003,142	1,341,445
Repayment of previously advanced amount			$ 1,680,925
Withholding taxes paid on return of capital					$ 57,702