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General and Administrative Expenses
9 Months Ended
Sep. 30, 2024
General And Administrative Expenses  
General and Administrative Expenses

Note 8: General and Administrative Expenses

 

The following table presents general and administrative expenses for the three and nine months ended September 30, 2024, and 2023:

 

   2024   2023   2024   2023 
   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2024   2023   2024   2023 
Office, consulting, investor relations, insurance and travel(1)  $266,572   $525,187   $760,395   $1,842,468 
Professional fees   55,922    95,758    474,509    1,539,313 
Management fees, salaries and benefits(2)   87,364    76,724    262,006    229,367 
Share-based compensation(2)   43,490    86,396    184,127    364,991 
Filing, listing, dues and subscriptions   24,521    38,665    112,843    164,462 
Total  $477,869   $822,730   $1,793,880   $4,140,601 

 

  (1) Office, consulting, investor relations, insurance and travel expenses include costs for Blender Media Inc. (“Blender”), a company controlled by a direct family member of a co-chairman and director of GoldMining (Note 13).
     
  (2) During the three and nine months ended September 30, 2024, and 2023, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 13).

 

 

U.S. GOLDMINING INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited – Expressed in U.S. Dollars)