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U S Gold - USAU STOCK NEWS

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.

News

U.S. Gold Corp. Closes $4.9 Million Non-Brokered Registered Direct Offering

Rhea-AI Summary
U.S. Gold Corp. closes a $4.9 million non-brokered registered direct offering, selling 1,400,000 shares of common stock at $3.50 per share. The company also issued unregistered warrants for 1,400,000 shares at an exercise price of $4.48 per share. The total gross proceeds from the transactions were $4.9 million, with the offering concluding on April 24, 2024. U.S. Gold plans to utilize the funds for working capital and general corporate purposes, with a focus on advancing its CK Gold Project.
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U.S. Gold Corp. Annual General Meeting (AGM) Being Held on April 26, 2024

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U.S. Gold Corp. is holding its Annual General Meeting virtually on April 26, 2024, at 9:00am MT. Shareholders can participate using login details provided on the company's website. The record date for the meeting is February 29, 2024. Only shareholders as of that date can vote at the meeting.
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U.S. GOLD CORP. ANNOUNCES $4.9 MILLION REGISTERED DIRECT OFFERING

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U.S. Gold Corp. announced a $4.9 million registered direct offering, selling 1,400,000 shares of common stock at $3.50 per share. Additionally, unregistered warrants to purchase 1,400,000 shares at $4.48 per share were included, totaling gross proceeds of $4.9 million. The warrants will be exercisable after six months and expire five years after the initial exercise date.
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U.S. Gold Corp. to Participate at 2024 PDAC Conference in Toronto

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U.S. Gold Corp. (USAU) announces attendance at PDAC 2024 Conference in Toronto, showcasing operational updates and market strategies.
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US Gold Corp. Issues 2024 CEO Update

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U.S. Gold Corp. (USAU) Issues CEO Update Outlining Operational and Strategic Highlights for 2024
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U.S. Gold Corp. to Participate at the 2024 Future Minerals Forum in Riyadh, Saudi Arabia

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U.S. Gold Corp. (USAU) to Attend 2024 Future Minerals Forum in Riyadh, Saudi Arabia
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U.S. Gold Corp. to Participate at 2023 Mines and Money @ Resourcing Tomorrow Conference in London

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U.S. Gold Corp. (Nasdaq: USAU) Announces Participation in Mines and Money @ Resourcing Tomorrow Conference in London, Inviting Shareholders and Investors. The company will present and exhibit at the conference, offering updates on its operational progress and strategy for future growth in the gold and copper market. The event is expected to draw 500+ investors, 175+ mining companies, and industry service providers, providing ample networking and partnership opportunities.
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U.S. Gold Corp. Poised to Benefit from U.S. Department of Energy's Inclusion for Copper on Critical Materials List

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U.S. Gold Corp. provides an update on its CK Gold Project, which is expected to produce copper concentrate and has strong economic potential with 1.01 million ounces of gold and 248 million pounds of copper. The project aligns with the increasing demand for copper due to electrification and green technologies. The U.S. Department of Energy's adoption of copper to its Critical Materials list further supports the project. Concentrate production can begin in 2024.
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U.S. Gold Corp. Concludes Successful Investor Conferences in September

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U.S. Gold Corp. showcases advancements in CK Gold Project and growth prospects to investors. Productive investor conferences held, garnering significant interest from potential project financiers. Feasibility Study expected to be released in mid-2024. Cost pressures due to inflation expected to be offset by stronger metal prices. Goal is to secure majority of capital through low-interest debt financing to reduce potential dilution.
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U.S. Gold Corp. Provides Update on Exploration Potential at the Keystone Project on Nevada's Cortez Trend

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U.S. Gold Corp. completes hyperspectral study of Keystone project, discovers high priority targets for further investigation. Permitted to drill up to 38,200 feet in 22 holes. Prioritizes development at CK Gold Project. Surface investigation ongoing. Drilling program expected to launch soon.
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FAQ

What is the current stock price of U S Gold (USAU)?

The current stock price of U S Gold (USAU) is $8.51 as of February 21, 2025.

What is the market cap of U S Gold (USAU)?

The market cap of U S Gold (USAU) is approximately 109.8M.

What is U.S. Gold Corp.'s main business?

U.S. Gold Corp. focuses on the exploration and development of gold and copper resources in the United States.

What are the key projects owned by U.S. Gold Corp.?

The company owns the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.

What recent milestone has the CK Gold Project achieved?

The project recently received its Mine Operating Permit, allowing it to progress towards copper concentrate production.

What is the significance of the Keystone Project in Nevada?

The Keystone Project has identified multiple high-priority targets for exploration, promising significant potential for Carlin-type and gold-silver skarn deposits.

How is U.S. Gold Corp. funded for its operations?

The company recently raised approximately $4.9 million through a securities purchase agreement to support its various projects.

Where is U.S. Gold Corp. headquartered?

The company is headquartered in Elko, Nevada.

What are the expected outcomes from the CK Gold Project?

The project is expected to produce copper concentrate with significant amounts of gold, aligning with the increasing demand for copper.

Who can I contact for more information about U.S. Gold Corp.?

For more information, please contact U.S. Gold Corp. Investor Relations at +1 800 557 4550 or visit their website at www.usgoldcorp.gold.

What is the strategic importance of the Challis Gold Project?

The Challis Gold Project offers promising exploration prospects and is located near other significant gold projects, enhancing its strategic value.

What are the recent achievements of U.S. Gold Corp.?

Recent achievements include the completion of a hyperspectral study for the Keystone Project and the successful conclusion of investor conferences, highlighting the company's progress and attracting interest from potential project financiers.
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U S Gold

Nasdaq:USAU

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USAU Stock Data

109.80M
10.62M
14.4%
13.62%
0.95%
Gold
Metal Mining
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United States
ELKO