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) announced its 2021 summer field season program at the CK Gold Project in Wyoming, aiming to finalize a Pre-Feasibility Study (PFS) by mid-year and a Feasibility Study (FS) by year-end. The program will gather critical geotechnical and hydrological data to confirm assumptions in the PFS. Ongoing metallurgical tests support gold, copper, and silver recovery. An updated resource estimate is expected to incorporate previously unreported silver content. The project has gained baseline environmental data and is on track for permit application submission in early 2022.
U.S. Gold Corp. (Nasdaq: USAU) is set to present at the H.C. Wainwright Mining Conference from April 19-20, 2021. Founder Edward Karr will discuss the Company's gold exploration initiatives. Registered institutional investors can engage in one-on-one meetings following the presentation on April 20, 2021, from 9:00 AM to 9:30 AM ET. The Company holds several exploration properties, including the CK Gold Project in Wyoming and projects in Nevada and Idaho. Investors are encouraged to register online to attend and schedule meetings.
U.S. Gold Corp. (NASDAQ: USAU) has announced the commencement of core drilling at the untested Maggie Creek project in Nevada, aiming to assess a Carlin-type gold deposit. Chief Geologist Ken Coleman emphasizes the potential for high-grade underground deposits previously overlooked due to surface cover. President George Bee mentions that discovering a high-grade deposit could significantly enhance shareholder value. The company follows a strict QA/QC protocol for sampling and analysis, ensuring the integrity of their exploration efforts.
U.S. Gold Corp. (NASDAQ: USAU) has announced a series of electronic investor update webinars scheduled for April, hosted by CEORoadshow. CEO Edward Karr will provide updates on the company and engage with shareholders, emphasizing the importance of communication during the volatile COVID-19 period. This initiative is aimed at ensuring safety while keeping stakeholders informed. The webinars promote interactive participation from the comfort of attendees' homes. For more details, visit usgoldcorp.gold/april-webinars.
U.S. Gold Corp. (NASDAQ: USAU) announced significant findings from its CK Gold Project drilling program.
Drill hole CK20-03c yielded 182.1m of continuous mineralization at 2.065 g/t AuEq.
Preliminary evaluations indicate a potential increase in gold grades compared to the 2017 Preliminary Economic Assessment.
Ongoing work for the Pre-Feasibility Study is on schedule for completion by the end of Q2 2021, including metallurgical testing showing improved recovery rates.
U.S. Gold Corp. (Nasdaq: USAU) has provided an update on its metallurgical testing for the CK Gold Project. Between September and November 2020, the company completed 30 drill holes, yielding 4,652 feet of mineralization. Preliminary tests show improved gold (65-72%) and copper (55-60%) recoveries, particularly from high-grade oxide samples. The metallurgical insights could enhance project economics. The company prepares for locked cycle tests to validate these findings. Overall, the results encourage further development of the CK Gold Project.
U.S. Gold Corp. (NASDAQ: USAU) announced a securities purchase agreement for a registered direct offering of 914,136 shares at $10.54 per share, totaling approximately $9.6 million in gross proceeds. The Company will also issue unregistered warrants for half a share at an exercise price of $14.50, exercisable after six months and expiring in five years. The transaction is expected to close around January 29, 2021, subject to customary conditions. Post-offering, the total shares outstanding will rise to 6,788,285.
U.S. Gold Corp. (Nasdaq: USAU) announced a CEO update detailing recent and future milestones in advancing its mining projects. Significant highlights include updates on the CK Gold Project in Wyoming, initial encouraging drill results, and progression to a Pre-Feasibility Study. CEO George Bee expressed pride in the company's achievements since August 2020 and anticipates a busy 2021, with the Pre-Feasibility Study expected to be completed in the first half of the year. The full update is available on their website.
U.S. Gold Corp. has appointed Michael Waldkirch as an Independent Director, effective immediately. Waldkirch brings extensive experience in cross-border accounting, taxation, and governance, having served as CFO for Gold Standard Ventures. He will also join the Audit Committee as a financial expert. This strategic appointment aims to enhance the company's board expertise at a critical growth juncture. U.S. Gold Corp. focuses on gold exploration, with projects in Wyoming, Nevada, and Idaho, and is actively looking to advance its exploration portfolio.
FAQ
What is the current stock price of U.S. Gold (USAU)?
What is the market cap of U.S. Gold (USAU)?
What is U.S. Gold Corp.'s main business?
What are the key projects owned by U.S. Gold Corp.?
What recent milestone has the CK Gold Project achieved?
What is the significance of the Keystone Project in Nevada?
How is U.S. Gold Corp. funded for its operations?
Where is U.S. Gold Corp. headquartered?
What are the expected outcomes from the CK Gold Project?
Who can I contact for more information about U.S. Gold Corp.?
What is the strategic importance of the Challis Gold Project?
What are the recent achievements of U.S. Gold Corp.?
