U S Gold Stock Price, News & Analysis

U.S. Gold Corp. (NASDAQ: USAU) announced a registered direct offering of 384,741 shares at $6.50 each and warrants to purchase 192,370 shares at an exercise price of $8.00, generating approximately $2.5 million in total gross proceeds. The transaction is set to close on February 16, 2022, subject to customary conditions. Following the offering, the total shares outstanding will reach 7,481,464. The offering is made under a shelf registration statement declared effective by the SEC on February 25, 2021.

U.S. Gold Corp. (Nasdaq: USAU) has released a CEO update detailing recent progress and upcoming milestones for the CK Gold Project in Wyoming. The company is advancing its prefeasibility study and plans to finalize its mine permit application by mid-2022. Key activities include enhancing project efficiency and exploring the potential of non-gold resources. The CEO expressed optimism for 2022, highlighting plans for community engagement and expanding exploration in Nevada. The update emphasizes U.S. Gold's commitment to shareholder value and prudent capital deployment.

U.S. Gold Corp. (NASDAQ: USAU) has launched a new corporate video detailing the robust economics of its CK Gold Project in Wyoming. The Prefeasibility Study (PFS) highlights proven and probable mineral reserves of 1.01 million ounces of gold and 248 million lbs of copper, with a pre-tax NPV of $323 million and an IRR of 39.4%. The project aims to operate as an open pit, potentially serving future water storage needs in the Cheyenne area. The company plans to file its mine plan permit in early 2022 and continues community engagement to support the project's development.

U.S. Gold Corp. (NASDAQ: USAU) will present at the Benzinga All Access Conference on December 14, 2021, at 9:20 a.m. ET. The presentation will feature updates on the Company's exploration and development projects, including the CK Gold Project's prefeasibility study, which reports proven and probable reserves of 1.01 million ounces of gold and 248 million lbs. of copper. The pre-tax NPV is estimated at $323 million with a 39.4% IRR. For more details, visit www.usgoldcorp.gold.

U.S. Gold Corp. (NASDAQ: USAU) has released its prefeasibility study (PFS) for the CK Gold Project, showcasing promising financial metrics with gold prices around $1,800 and copper at $4.25, exceeding the PFS assumptions of $1,625 and $3.25, respectively. This favorable discrepancy indicates strong project economics. The company is poised for further development steps in 2022 after completing its 2021 field season. The PFS and accompanying technical report summary are publicly accessible, providing insight into the project's value proposition.

U.S. Gold Corp. (NASDAQ: USAU) has successfully completed the prefeasibility study for the CK Gold Project, which showcases significant resource potential. Key highlights include:

• 1.58 million AuEq ounces in Measured and Indicated resources
• 1.44 million AuEq ounces in Proven and Probable reserves
• 39.4% pre-tax IRR and $323 million NPV at 5%
• Initial capital estimated at $221 million with a 2-year payback

The project aims for robust economic metrics and minimal environmental impacts, with ongoing work to finalize a feasibility study and start permitting in 2022.

U.S. Gold Corp. (NASDAQ: USAU) will host a conference call webcast on December 1, 2021, at 11:00 a.m. ET to update investors on its mining assets and future plans for 2022. The management team will provide prepared remarks followed by a Q&A session. Investors can submit questions via email. A replay will be available for two weeks after the call. U.S. Gold Corp. focuses on gold exploration and development, holding multiple properties including the CK Gold Project in Wyoming and exploration sites in Nevada and Idaho.

U.S. Gold Corp. (Nasdaq: USAU) announced its participation in the virtual H.C. Wainwright Mining Conference, scheduled from November 30 to December 1, 2021. Founder Edward Karr will present the company's business overview during his session on December 1, from 10:00 AM to 10:30 AM ET. Investors can register for the conference and request one-on-one meetings with the management team to discuss opportunities. U.S. Gold Corp. focuses on gold exploration and has multiple projects in the U.S., including the CK Gold Project in Wyoming and others in Nevada and Idaho.

CHEYENNE, Wyo., Nov. 9, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) will participate in the virtual Precious Metals Summit Europe on November 15-16, 2021. Management will hold one-on-one meetings and present updates on the CK Gold Project and its upcoming pre-feasibility study. The presentation will be led by President & CEO George Bee on November 15 at 04:00 a.m. MDT. The event connects investors with leading precious metal firms globally.