U.S. GoldMining's 15min chart: RSI Overbought, KDJ Death Cross detected.

The 15-minute chart for U.S. GoldMining has triggered a reading on the Relative Strength Index (RSI) that indicates the stock price has risen too quickly and is now in an overbought state. Furthermore, the KDJ Death Cross has occurred at 13:30 on 09/22/2025, which suggests that the momentum of the stock price is shifting towards a downward trend and has the potential to decline further. These technical indicators suggest that the stock price is not supported by its fundamentals and is therefore at risk of a correction.

Anchorage, Alaska, September 12, 2025 - U.S. GoldMining Inc. (NASDAQ: USGO) recently announced significant advancements in the metallurgical test work for its Whistler Gold-Copper Project in Alaska. The company reported improved gold recovery rates, which could enhance the project's economic viability. However, the stock experienced a notable upward movement, prompting technical indicators to suggest an overbought state and a potential downward trend.

Metallurgical Breakthroughs

U.S. GoldMining's metallurgical test work has shown promising results, with gold recovery rates improving to 85.3% from previous levels of approximately 70%. This increase is attributed to a combination of conventional flotation and sequential leaching processes. The company's Chief Executive Officer, Tim Smith, commented on the significance of these results, stating that they confirm high gold recoveries in excess of 85%, which is crucial for the project's economic assessment Metallurgical Test Work Improves Gold Recovery to 85% (+22%) for the Whistler Gold-Copper Project, Alaska^[1].

Technical Indicators Signal Caution

Despite the positive metallurgical results, technical indicators for U.S. GoldMining's stock have raised concerns. The 15-minute chart triggered a reading on the Relative Strength Index (RSI), indicating that the stock price has risen too quickly and is now in an overbought state. Additionally, the KDJ Death Cross occurred at 13:30 on September 22, 2025, suggesting a shift in the stock's momentum towards a downward trend. These indicators imply that the stock price may not be fully supported by its fundamentals and could be at risk of a correction.

Investment Implications

While the metallurgical test results provide a positive outlook for the Whistler Project, investors should be cautious due to the technical indicators suggesting a potential downward trend. The combination of an overbought RSI and a KDJ Death Cross signals a need for vigilance. Investors should closely monitor the stock's performance and consider the potential impact of these technical signals on the stock price.

Conclusion

U.S. GoldMining's advancements in metallurgical test work for the Whistler Gold-Copper Project are encouraging. However, the current technical indicators suggest that the stock may be overvalued and at risk of a correction. Investors should remain vigilant and carefully evaluate both the fundamental and technical aspects of the stock before making investment decisions.

References

Metallurgical Test Work Improves Gold Recovery to 85% (+22%) for the Whistler Gold-Copper Project, Alaska^[1] https://www.morningstar.com/news/pr-newswire/20250922to79711/metallurgical-test-work-improves-gold-recovery-to-85-22-for-the-whistler-gold-copper-project-alaska