Welcome to our dedicated page for U.S. Gold news (Ticker: USAU), a resource for investors and traders seeking the latest updates and insights on U.S. Gold stock.
U.S. Gold Corp. (Nasdaq: USAU) is a publicly traded gold exploration and development company headquartered in Elko, Nevada. Specializing in the exploration of gold and copper resources, the company is progressing with several key projects across the United States.
Among U.S. Gold Corp.'s significant assets is the CK Gold Project located in the Silver Crown Mining District of Wyoming. Known for its high economic potential, the project boasts a proven and probable reserve of 1.01 million ounces of gold and 248 million pounds of copper. Recent developments include the approval of the Mine Operating Permit, positioning the project to produce copper concentrate, meeting the rising demand for copper driven by electrification and green technologies.
Another cornerstone asset is the Keystone Project, situated in Nevada's Cortez Trend. Recent hyperspectral studies have identified numerous high-priority targets, leading to an ongoing drilling exploration program. The Keystone Project holds significant potential for Carlin-type and gold-silver skarn deposits, further enriched by remote sensing and surface investigations.
The Challis Gold Project in Idaho also forms part of U.S. Gold Corp.'s exploration portfolio. This project is strategically important, lying close to other major projects and offering promising prospects for gold exploration.
In addition to its exploration activities, U.S. Gold Corp. actively engages in financial and strategic partnerships. The company recently raised approximately $4.9 million through a securities purchase agreement to fuel its operations and development projects.
Guided by a seasoned management team, U.S. Gold Corp. is navigating towards becoming a leading producer of gold and copper in the United States. The company's meticulous focus on obtaining necessary permits and advancing its projects underscores its commitment to delivering value to shareholders while responsibly managing environmental and regulatory aspects.
U.S. Gold Corp. (Nasdaq: USAU) announces its participation in three major investment conferences. The company will attend the 50th Annual New Orleans Investment Conference as Gold Sponsor from November 20-23, where Chairman Luke Norman will present on November 22. Norman will also participate in the CEM Florida Capital Event at Miami Turnberry Resort from November 22-24, engaging in one-on-one meetings. Additionally, President & CEO George Bee will represent the company at Mines & Money @ Resourcing Tomorrow in London from December 3-5, delivering a corporate presentation on December 5.
U.S. Gold Corp. (Nasdaq: USAU) has received final Air Quality Permit approval from Wyoming's Department of Environmental Quality for its CK Gold Project, completing all conditions for the Mine Operating Permit granted in April 2024. The company is advancing engineering studies and optimization work announced in September. The project, transitioning from exploration to development since 2020, aims to produce gold and copper in Wyoming. An updated prefeasibility study is expected by year-end, followed by a Feasibility Study. The company plans to utilize waste rock for local construction materials, potentially creating additional value from what would have been waste material.
U.S. Gold Corp. (Nasdaq: USAU) announces that Chairman Luke Norman will participate in a live panel discussion titled 'Mined in the USA – Gold, Profits & Politics' hosted by Investor TV on November 1, 2024. The hour-long event, moderated by financial media veteran Michael Switow, will explore gold's recent rally, U.S. investment opportunities, and market dynamics. The panel will address key topics including gold's correlation with equities and the U.S. dollar, investment strategies, central bank roles, M&A activity, and U.S. gold exploration challenges. The event will include a Q&A session for attendee participation.
U.S. Gold Corp. (Nasdaq: USAU) participated in the Precious Metals Summit Beaver Creek and Denver Gold Forum Americas Conferences from September 10-18, 2024. The company's management met with over 100 entities, including major mining companies, industry specialists, and investors. The conferences highlighted the importance of identifying companies with high-quality assets in stable, mining-friendly jurisdictions like the United States, Canada, and Australia.
U.S. Gold Corp. emphasized its portfolio, which includes the CK Gold Project in Wyoming, recently granted a Surface Mine Permit, the Keystone Gold Project in Nevada, and the Challis Gold Project in Idaho. The company positions itself as a premier sustainable growth company, well-suited to benefit from rising precious metal and copper markets.
U.S. Gold Corp. (NASDAQ: USAU) will participate in the Gold Forum Americas 2024 Conference from September 15-18, 2024, at the Broadmoor Hotel & Resort in Colorado Springs, Colorado. This prestigious, invitation-only event is the world's oldest precious commodity equities investment forum, showcasing leading publicly traded gold and silver companies.
Key highlights:
- CEO George Bee will present an update on U.S. Gold's projects on September 18 at 8:50 AM Mountain Time
- The company's management team will meet with institutional investors and conference attendees
- The conference attracts specialist precious metal investors, generalist institutional investors, private equity, hedge funds, and analysts
This event provides U.S. Gold Corp. with a valuable platform to showcase its gold exploration and development projects to a highly targeted audience of industry professionals and potential investors.
U.S. Gold Corp. (NASDAQ: USAU) has provided an update on the CK Gold Project engineering and Prefeasibility Study (PFS) progress. Following the Mine Operating Permit approval in April 2024, the company resumed work on the PFS update in June 2024. Key engineering studies underway include:
1. Tailings Management Facility (TMF) optimization to improve capacity and constructability.
2. Water Management Plan evaluation to enhance water harvesting and storage capacity.
3. Process Plant Trade-off Study to investigate alternative flotation technologies for potential improvements in metal recoveries and cost reduction.
The company aims to optimize the project design before finalizing the PFS, considering the current high prices of gold, copper, and silver. Management believes these studies will enhance project economics and establish a well-thought-out mining operation.
U.S. Gold Corp. (NASDAQ: USAU) has announced its participation in the 2024 Precious Metals Summit in Beaver Creek, Colorado, scheduled for September 10-13, 2024. This prestigious, invitation-only event brings together institutional investors, sell-side representatives, and corporate executives from the precious metals sector.
George Bee, President & CEO of U.S. Gold, will deliver a corporate presentation on Thursday, September 12th at 9:30am Mountain Time. The company's management team will also be available for meetings with investors and conference attendees. U.S. Gold aims to showcase its value proposition and increase exposure for its CK Gold Project during the summit.
The Precious Metals Summit is recognized as the world's premier independent investment conference for explorers, developers, and emerging producers of gold, silver, and platinum group metals.
U.S. Gold Corp. (Nasdaq: USAU) has announced its participation in H.C. Wainwright's 26th Annual Global Investment Conference, scheduled for September 9-11, 2024. The event will be held both in-person at the Lotte New York Palace Hotel in Midtown Manhattan and virtually. USAU's management team will be conducting one-on-one meetings with investors via video conference.
The Global Investment Conference is a significant networking event that brings together companies, industry professionals, and investors from various sectors, including metals and mining. It offers opportunities for networking, investor meetings, and company presentations. Admission is free for qualified investors, and interested parties can register through the HCW Events website.
U.S. Gold Corp. (Nasdaq: USAU) announced its sponsorship as a Copper Boot sponsor for the 128th Annual Cheyenne Frontier Days from July 19-28, 2024. This event is renowned as the world's largest outdoor rodeo, featuring activities that celebrate western heritage with over $1 million in prizes. CEO George Bee emphasized the company's ongoing commitment to the local economy and community through its CK Gold Project, which recently cleared significant regulatory hurdles. The project boasts proven and probable reserves of 1.01 million ounces of gold and 248 million pounds of copper, aiming to produce 108,500 ounces of gold equivalent annually over ten years, supporting renewable energy and automotive electrification.
U.S. Gold Corp. announced the acceptance of a $5.1 million Mine Reclamation Bond by the Wyoming Department of Environmental Quality (WDEQ), fulfilling two of the three requirements for the CK Gold Project's Mine Operating Permit. The company previously secured the Water Discharge Permit and is awaiting the Air Quality Permit, expected soon. This progression furthers the CK Gold Project's development, with updated economic forecasts and project financing in sight. The feasibility study update, paused in March 2023, is set to resume and conclude post the third quarter of 2024.
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