U.S. Gold Corp. Proud Sponsor of the 129th Annual Cheyenne Frontier Days - July 18-27, 2025

Rhea-AI Summary

U.S. Gold Corp. (NASDAQ:USAU) announced its Copper Boot sponsorship of the 129th Annual Cheyenne Frontier Days, marking its third year as a Copper Boot sponsor and fourth year overall supporting the event. The 10-day rodeo celebration, running from July 18-27, 2025, features over $1 million in prizes.

The announcement highlights the company's CK Gold Project, which received its Mine Operating Permit in May 2024. The project contains proven and probable reserves of 1.02 million ounces of gold and 260 million pounds of copper, with projected annual production of 111,250 ounces of gold equivalent over a ten-year mine life.

Positive

• CK Gold Project received Mine Operating Permit from Wyoming Department of Environmental Quality
• Significant reserves of 1.02M oz gold and 260M lbs copper
• Projected annual production of 111,250 oz gold equivalent over 10-year mine life

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• None.

U.S. Gold Corp. is proud to be a Copper Boot sponsor at the world's largest outdoor rodeo in celebration of Cheyenne's authentic western heritage and community roots

CHEYENNE, Wyo., July 16, 2025 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU) is pleased to announce its Copper Boot sponsorship of the 129th Annual Cheyenne Frontier Days.

This 10-day event features the world's largest outdoor rodeo and has been an important tradition in the region since its founding in 1897. Its activities celebrate the country's rich western heritage, drawing top professionals competing for more than $1 million in prizes, and includes events such as chuckwagon cook-offs, nightly concerts, and a western art show that is among the most prestigious in the Rocky Mountain region.

"This is U.S. Gold's third year as a Copper Boot sponsor and fourth year overall sponsoring Cheyenne Frontier Days, which speaks to our long-term commitment to the region, local economy and small businesses within the community. We look forward to celebrating the spirit of the West which is alive and well here in the Rocky Mountains," said George Bee, Chief Executive Officer of U.S. Gold.

In May 2024, U.S. Gold's CK Gold Project received its Mine Operating Permit from the Wyoming Department of Environmental Quality, effectively clearing the major regulatory hurdles for project development.  With proven and probable mineral reserves of 1.02 million ounces of gold and 260 million pounds of copper, average annual production for the CK Gold Project is estimated at 111,250 ounces of gold equivalent over a ten-year mine life, which the Company believes will support federal and state plans to electrify the automotive industry.  Copper is an essential element in renewable energy and electric transmission while gold has long demonstrated its value in preserving wealth and defending against inflation and currency volatility.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold and copper exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Our CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Samuel Engineering, Inc. Our Keystone exploration property is on the Cortez Trend in Nevada. Our Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please visit https://www.usgoldcorp.com/.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "proposed," "aims," "forecast," "estimated," "believes," "continues" and "intend," among others. These forward-looking statements include statements related to U.S. Gold's Copper Boot sponsorship of the 129th annual Cheyenne Frontier Days, the major regulatory hurdles necessary to develop the CK Gold Project, mineral reserve estimates, estimated mine production at the CK Gold Project over a projected ten-year mine life, and the Company's belief that CK Gold Project mine production will support federal and state plans to electrify the automotive industry. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from: market and other conditions; the prevailing market conditions for metal prices and mining industry cost inputs; environmental and regulatory risks; changes in interpretations of geological, geostatistical, metallurgical, mining or processing information; risks faced by junior companies generally engaged in exploration activities; whether U.S. Gold will be able to raise sufficient capital to develop the CK Gold Project and implement future drilling programs; the success or failure of future drilling programs; and other factors described in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company undertakes no duty to correct or update any information contained herein.

For further information
U.S. Gold Corp.
Investor Relations
+1 800 557 4550
ir@usgoldcorp.com
www.usgoldcorp.com

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SOURCE U.S. Gold Corp.

FAQ

What are the proven reserves of U.S. Gold Corp's (USAU) CK Gold Project?

The CK Gold Project has proven and probable mineral reserves of 1.02 million ounces of gold and 260 million pounds of copper.

When did U.S. Gold Corp (USAU) receive its Mine Operating Permit for the CK Gold Project?

U.S. Gold Corp received its Mine Operating Permit from the Wyoming Department of Environmental Quality in May 2024.

What is the expected annual production of USAU's CK Gold Project?

The CK Gold Project is estimated to produce 111,250 ounces of gold equivalent annually over a ten-year mine life.

How long has U.S. Gold Corp (USAU) been sponsoring the Cheyenne Frontier Days?

U.S. Gold Corp has been a Copper Boot sponsor for three years and has sponsored the event for four years overall.

When is the 129th Annual Cheyenne Frontier Days taking place?

The 129th Annual Cheyenne Frontier Days is scheduled for July 18-27, 2025.