U.S. GoldMining Inc. (NASDAQ: USGO) reported on September 2, 2026, that the Alaska Industrial Development and Export Authority (AIDEA) has authorized up to $25 million to fund the geotechnical drilling program and associated engineering work for the West Susitna Access Project (WSAP).
The WSAP is a State-led initiative designed to connect the Whistler Gold-Copper Project with existing highway, rail, power, and port infrastructure in the Anchorage area. The newly authorized funding will support the advancement of final design, including bridge foundation design, material site development, culvert sizing, and the refinement of the road alignment over the 2026 and 2027 field seasons.
The WSAP comprises a 22-mile public road led by the Alaska Department of Transportation and Public Facilities (ADOT&PF) and a 78.5-mile public-private road led by AIDEA, terminating at the Company’s exploration camp near the Whistler deposit.
According to the filing, the Whistler Gold-Copper Project Preliminary Economic Assessment (PEA), which incorporates only the Indicated Mineral Resources from the Whistler deposit, outlines an after-tax net present value at a 5% discount rate (NPV5%) of $2.0 billion and a 33% internal rate of return (IRR) at base case prices.
The Company noted that the WSAP is expected to connect existing infrastructure in the vicinity of Anchorage with multiple natural resource development projects located in the West Susitna Mining District.
