U S Gold Stock Price, News & Analysis

U.S. Gold Corp. (NASDAQ: USAU) provides a shareholder update highlighting its CK Gold Project in Wyoming. Currently holding $6.3M in cash and no long-term debt, the company has completed critical phases of the project, including a Prefeasibility Study indicating a 39.4% IRR before tax. Their 2021 findings revealed 1.44 million AuEq ounces and a net present value of $323 million. Despite market challenges, the company remains optimistic about future metal price increases and the potential of its exploration projects.

U.S. Gold Corp. has submitted its Permit to Mine Application and Reclamation Plan to the Wyoming Department of Environmental Quality for the CK Gold Project, located 20 miles west of Cheyenne. The submission initiates a formal review process by state authorities. The project has undergone significant engineering, with a Prefeasibility Study indicating 1.44 million AuEq ounces in reserves and a capital investment estimate of $221 million. The company plans to submit an Industrial Siting Permit application in February 2023, with a focus on community impact assessments.

U.S. Gold Corp. (NASDAQ: USAU) has announced its events calendar for September 2022, participating in key investor conferences including the H.C. Wainwright Virtual Global Investment Conference, Precious Metals Summit Beaver Creek, and Denver Gold Group - Gold Forum Americas. The management team will present and meet with institutional investors at these gatherings, focusing on the CK Gold Project in Southeast Wyoming. These events aim to enhance visibility and engage with industry leaders and investors in the precious metals space.

U.S. Gold Corp. (NASDAQ: USAU) will present an update on its CK Gold Project at the 66th Annual Wyoming Mining Association Convention from August 24-26, 2022, in Jackson, Wyoming. CEO George Bee will discuss project advancements and their benefits to local communities. Executive Director Travis Deti will highlight the socioeconomic impacts of the CK Gold Project. The project, located in Southeast Wyoming, is backed by a Preliminary Feasibility Study. U.S. Gold Corp. continues to advance its exploration properties, including those in Nevada and Idaho.

U.S. Gold Corp. (NASDAQ: USAU) has unveiled an updated interactive 3D model of its CK Gold Project, created in partnership with VRIFY Technology Inc. This model visualizes drilling results, resource potential, and project advancements in a comprehensive format. Highlights from the Preliminary Feasibility Study include 1.58 million gold equivalent ounces in measured and indicated resources, a mine life of 10 years, and an initial capital requirement of $221 million. Robust economics are indicated with an IRR of 39.4% before tax and $323 million NPV. The project anticipates permitting submissions in 2022, with potential approval in 2023.

U.S. Gold Corp. (NASDAQ: USAU) has confirmed the continuation of gold and copper mineralization at its CK Gold Project through the completion of the 2021 drilling program. Notably, recent assays from three holes indicate expansion potential beyond the current resource estimate. The company plans to submit its Permit to Mine application to Wyoming DEQ by Q3 2022. Esteemed geologist Dr. Richard Sillitoe's site visit supported the presence of porphyry-type mineralization and suggested opportunities for further discovery. U.S. Gold Corp. is committed to advancing its development steps towards increasing mineral resources.

U.S. Gold Corp. provides an update on the CK Gold Project permitting process, confirming successful blasting tests that minimize disturbance to surrounding areas. The company plans to submit mine construction and operating permits to Wyoming authorities soon. Environmental baseline studies have been conducted over 20 months, and the project aims to recover copper, gold, and silver efficiently. They intend to use the mined rock beneficially and explore options for the open pit to serve as a water storage facility for Cheyenne. USAU is well-positioned with comprehensive local regulations.

U.S. Gold Corp. (NASDAQ: USAU) is set to host a live webinar on June 6, 2022, at 2 pm ET, led by Red Cloud Financial Services. Chairman Luke Norman and CEO George Bee will update investors on the CK Gold Project in Wyoming, highlighting advancements toward filing a mining permit. Bee emphasized the company's commitment to enhancing shareholder value through ongoing project development. Interested parties can register for the webinar through the provided link. The CK Gold Project features a completed Preliminary Feasibility Study by Gustavson Associates.

U.S. Gold Corp. (NASDAQ: USAU) has appointed Luke Norman as the new Chairman of its Board of Directors, expanding the Board from five to six members. Norman, a co-founder of the company and experienced in venture capital with over 20 years in the resource sector, aims to enhance shareholder value. George Bee remains President and CEO, emphasizing the importance of Norman's experience as the CK Gold Project advances towards permitting and financing. The company holds various exploration properties, including the CK Gold Project in Wyoming.