On December 20, 2024, GoldMining Inc. announced an at-the-market (ATM) equity offering to raise up to $50 million USD (approximately CAD 71.85 million at the time). The company entered into a distribution agreement with Canadian and U.S. agents, including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., and Laurentian Bank Securities Inc., as well as U.S. agents BMO Capital Markets Corp., Canaccord Genuity LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC. The offering was set to occur on the Toronto Stock Exchange (TSX) and the NYSE American, with shares sold at prevailing market prices.

The TSX had conditionally approved the listing of the offered shares, while the NYSE American authorized their listing. Legal counsel for the company included Sangra Moller LLP (Canada) and Haynes and Boone, LLP (U.S.). The agents were advised by Gowling WLG (Canada) LLP and DLA Piper LLP (US).

Proceeds were intended to fund exploration, development of mineral properties, future acquisitions, and working capital. Commissions to agents were not to exceed 2.5% of gross sales, and total offering expenses were estimated at CAD 350,000. The offering, based on market demand, did not guarantee raising the full amount and could terminate earlier.