U S Gold Stock Price, News & Analysis

U.S. Gold Corp. has successfully closed a registered direct offering with an institutional investor, generating approximately $5.0 million from the sale of 870,000 shares at $5.75 each, along with warrants. The offering closed on April 10, 2023. The funds will primarily support the CK Gold Project and cover general corporate expenses. The company is focused on advancing its exploration and development plans, particularly for the CK Gold Project, while also managing permitting processes and exploring its Keystone and Challis Gold Projects. Additionally, the company amended existing warrants to reduce their exercise price from $8.60 to $6.16. This capital infusion is expected to provide a substantial runway for operational growth.

U.S. Gold Corp. (NASDAQ: USAU) announced a definitive agreement for a registered direct offering of 870,000 shares of common stock at $5.75 per share, along with warrants for 870,000 shares at an exercise price of $6.16. The offering is expected to raise approximately $5 million in gross proceeds, with the closing anticipated around April 10, 2023. Existing warrants for 625,000 shares will also be amended to reduce the exercise price to $6.16, expiring five and a half years post-offering. The transaction is facilitated by A.G.P./Alliance Global Partners as the placement agent.

U.S. Gold Corp. (USAU) has announced positive results from metallurgical testing at its CK Gold Project in Wyoming. The tests indicate that the gold and copper concentrate produced is of high quality, appealing to smelter-refinery operators due to its desirable metal content and minimal penalty elements. This concentrate is expected to contain approximately 19% copper, 1.5 oz/ton gold, and 1.7 oz/ton silver. The project anticipates generating around 170 tons of concentrated product per day, with plans to ship over 450,000 tons of sulfide concentrate for refining. Strong demand in the copper market, driven by green technologies, further supports the project's prospects.

U.S. Gold Corp. (NASDAQ: USAU) announced its participation in the 2023 Prospectors and Developers Association of Canada (PDAC) convention from March 5-8 in Toronto. This annual event attracts up to 30,000 attendees, including over 1,100 exhibitors and 2,500 investors, providing a valuable platform for companies in the mining sector to network and showcase their projects. George Bee, President and CEO, will be available for 1-on-1 meetings, and those interested can contact ir@usgoldcorp.gold to schedule. More details about the event can be found on the PDAC website.

U.S. Gold Corp. (NASDAQ: USAU) announced its participation in the Mines and Money Miami 2023 Conference on February 23-24, 2023, held at the James L. Knight Center, Miami, Florida. Admission is free for qualified investors. The company will exhibit at Booth B-21, and CEO George Bee will present on February 23 at 5:10 p.m. ET. The recent shareholder letter outlines updates on key projects including the CK Gold Project, Challis Gold Project, and Keystone Project, along with a positive outlook for gold and copper markets in 2023. The conference will gather over 450 investors and industry leaders.

U.S. Gold Corp. (NASDAQ: USAU) issued a Shareholder Letter outlining key milestones and plans for 2023. The letter highlights:

• Permit submission for the CK Gold Project to Wyoming's Department of Environmental Quality in September 2022.
• Sale of Maggie Creek to Barrick & Newmont's Nevada Gold Mines in November 2022.
• Upcoming application for mining permit in Q1 2023.
• Exploration at Keystone Project and planning for Challis Gold Project.

The company emphasizes a favorable gold and copper market outlook, with strong support for its assets in 2023.

U.S. Gold Corp. held its Annual Meeting of Stockholders on December 16, 2022, where all proxy proposals received strong support. Approximately 68.5% of common shares were represented, totaling 5,716,393 shares. Key proposals included the election of six directors, ratification of Marcum, LLP as the auditor for the fiscal year ending April 30, 2023, approval of executive compensation, and an amendment to the 2020 Stock Incentive Plan. CEO George Bee expressed gratitude to stockholders for their participation.

U.S. Gold Corp. (NASDAQ: USAU) announced the resignation of Ryan K. Zinke from its Board of Directors, effective December 31, 2022, as he prepares to assume a congressional position. Zinke, who previously represented Montana's at-large district and served as Interior Secretary, has contributed invaluable insights during his tenure. Following the resignation, U.S. Gold will address the resulting board vacancy in accordance with its bylaws. Zinke will divest his interests in the company and will have no ongoing agreements post-resignation.

U.S. Gold Corp. (NASDAQ: USAU) has announced the execution of a transaction regarding the Maggie Creek Property. On November 9, 2022, the Company assigned its interest in an Exploration Earn-In Agreement to Nevada Gold Mines LLC for $2.75 million. Additionally, U.S. Gold will receive a 0.5% Net Smelter Returns royalty if NGM exercises their 100% acquisition option. The deal allows U.S. Gold to refocus on its Keystone property while still retaining a royalty interest in Maggie Creek, which is located in Nevada.