U S Gold Stock Price, News & Analysis

U.S. Gold Corp. (Nasdaq: USAU) has provided an update on its metallurgical testing for the CK Gold Project. Between September and November 2020, the company completed 30 drill holes, yielding 4,652 feet of mineralization. Preliminary tests show improved gold (65-72%) and copper (55-60%) recoveries, particularly from high-grade oxide samples. The metallurgical insights could enhance project economics. The company prepares for locked cycle tests to validate these findings. Overall, the results encourage further development of the CK Gold Project.

U.S. Gold Corp. (NASDAQ: USAU) announced a securities purchase agreement for a registered direct offering of 914,136 shares at $10.54 per share, totaling approximately $9.6 million in gross proceeds. The Company will also issue unregistered warrants for half a share at an exercise price of $14.50, exercisable after six months and expiring in five years. The transaction is expected to close around January 29, 2021, subject to customary conditions. Post-offering, the total shares outstanding will rise to 6,788,285.

U.S. Gold Corp. (Nasdaq: USAU) announced a CEO update detailing recent and future milestones in advancing its mining projects. Significant highlights include updates on the CK Gold Project in Wyoming, initial encouraging drill results, and progression to a Pre-Feasibility Study. CEO George Bee expressed pride in the company's achievements since August 2020 and anticipates a busy 2021, with the Pre-Feasibility Study expected to be completed in the first half of the year. The full update is available on their website.

U.S. Gold Corp. has appointed Michael Waldkirch as an Independent Director, effective immediately. Waldkirch brings extensive experience in cross-border accounting, taxation, and governance, having served as CFO for Gold Standard Ventures. He will also join the Audit Committee as a financial expert. This strategic appointment aims to enhance the company's board expertise at a critical growth juncture. U.S. Gold Corp. focuses on gold exploration, with projects in Wyoming, Nevada, and Idaho, and is actively looking to advance its exploration portfolio.

U.S. Gold Corp. (NASDAQ: USAU) announced it will hold electronic investor update webinars in January 2021. Executive Chairman Edward Karr will present updates and answer questions. The initiative aims to engage shareholders amidst the COVID-19 pandemic while ensuring safety through virtual meetings. The company emphasizes the importance of communication during market uncertainty. U.S. Gold Corp. focuses on gold exploration, notably the CK Gold Project in Wyoming and other properties in Nevada and Idaho. For the full webinar schedule, visit their website.

U.S. Gold Corp. (NASDAQ: USAU) reported significant results from its recent drilling program at the CK Gold Project near Cheyenne, Wyoming. Hole CK20-04cB revealed a continuous interval of attractive gold and copper mineralization, including 5.708 g/t gold equivalent over 78.3 meters. This challenges previous assumptions of the project being low-grade and underscores the potential for quicker payback if a positive Preliminary Feasibility Study is completed. Metallurgical analysis is ongoing, and the company remains committed to enhancing its exploration capabilities while adhering to COVID-19 safety protocols.

U.S. Gold Corp. (NASDAQ: USAU) announced significant results from its CK Gold Project drilling program. The recent hole CK20-02c revealed continuous gold and copper mineralization with an average grade of 1.003 g/t AuEq over 176.8 meters. These results show attractive grades starting at the surface, enhancing project economics by minimizing pre-stripping costs. The drill holes demonstrated mineralization continuity and confirm findings from historic data. The company plans to adjust average grades with additional sample assays. Further studies on resource classification are underway.

U.S. Gold Corp. (NASDAQ: USAU) reports promising results from its 29-hole drilling program at the CK Gold Project in Wyoming. The program revealed 177.5 meters of continuous mineralization with an average gold equivalent grade of 1.126 g/t. CEO George Bee stated that these findings validate previous resource interpretations and suggest enhanced project economics. The initial hole shows significant continuity in gold and copper grades, which exceed historical averages. The exploration will continue with a Pre-Feasibility Study to solidify the project’s potential.