U.S. Gold Corp. - USAU STOCK NEWS

U.S. Gold Corp. (NASDAQ: USAU) has appointed Luke Norman as the new Chairman of its Board of Directors, expanding the Board from five to six members. Norman, a co-founder of the company and experienced in venture capital with over 20 years in the resource sector, aims to enhance shareholder value. George Bee remains President and CEO, emphasizing the importance of Norman's experience as the CK Gold Project advances towards permitting and financing. The company holds various exploration properties, including the CK Gold Project in Wyoming.

U.S. Gold Corp. reaffirms its dedication to economic growth in southeastern Wyoming through its CK Gold Project, which is set to create approximately 2,600 jobs. The company has invested about $3 million in local contractors and plans to complete its feasibility study and necessary permits by 2024. Local leaders express optimism about the project's impact on the community's economy, with expectations of long-term job creation and collaboration with Wyoming-based businesses.

U.S. Gold Corp. (NASDAQ: USAU) is set to present at A.G.P.'s Virtual Series on May 19, 2022, at 11 am ET. The event will be hosted by Jake Sekelsky, Managing Director & Head of Metals & Mining Research at A.G.P./Alliance Global Partners. A live webcast will be accessible on the Company's website and will be archived for 90 days. U.S. Gold Corp. focuses on gold exploration and development, with properties including the CK Gold Project in Southeast Wyoming and additional sites in Nevada and Idaho.

U.S. Gold Corp. (NASDAQ: USAU) will attend the Planet MicroCap Showcase from May 3-5, 2022, at Bally's Hotel and Casino in Las Vegas. The event focuses on small-cap companies, featuring a mining and resource track in partnership with SNN Network. U.S. Gold has reported proven reserves of 1 million ounces of gold and 248 million pounds of copper at its CK Gold Project in Wyoming. CEO George Bee highlighted that global tensions and inflation have heightened demand for precious metals, positioning the company favorably amid the current precious metals bull run.

U.S. Gold Corp. (NASDAQ: USAU) has announced an expansion of mineralization at its CK Gold Project, extending 700 feet below the planned open pit. Recent assay results from three drill holes indicate potential for increased gold and copper resources. The company aims to submit a Permit to Mine application to the Wyoming DEQ by mid-2022. The 2021 drilling program has been primarily focused on geotechnical and hydrologic studies, with promising results that may enhance the overall mineral resource estimate, confirming the project's commercial viability.

U.S. Gold Corp. (NASDAQ: USAU) provided a corporate update on April 13, 2022, highlighting progress on the CK Gold Project in Wyoming. The company is preparing to submit a permit to mine application, backed by extensive data on environmental impacts. In addition, they are working with engineering firm Samuel Engineering to optimize plant design, aiming to reduce costs. The project shows robust economics with an estimated 39.4% before-tax IRR and a potential NPV of $323 million. The company also highlights additional revenue opportunities from aggregate sales, bolstered by a solid balance sheet and no long-term debt.

U.S. Gold Corp. (NASDAQ: USAU) announced its CK Gold Project was highlighted in the Casper Star-Tribune, detailing potential job creation and economic benefits. The University of Wyoming estimates that the project could create 324 long-term jobs and generate $75 million in tax revenue over its 13-year lifespan. The company aims to complete a feasibility study and secure permits by 2024. The project could yield approximately $39 million in tax revenue during construction, $34 million during operations, and $2 million during reclamation.

U.S. Gold Corp. (NASDAQ: USAU) announced findings from an independent study on its CK Gold Project. The project is projected to generate 324 long-term direct jobs and up to 1,024 local jobs in Wyoming. Over 13 years, total taxes are estimated at $75 million. The study highlights economic benefits, including direct, indirect, and induced effects from investment in the project. Additionally, royalty payments to the State of Wyoming may reach tens of millions, contributing to the K-12 education fund.

U.S. Gold Corp. (NASDAQ: USAU) has announced a definitive agreement for a registered direct offering, selling 625,000 shares of common stock at $8.00 each, plus warrants for an equal number of shares at $8.60, yielding approximately $5 million in gross proceeds. The offering is set to close around March 18, 2022, contingent on customary conditions. The shares are offered under a previously effective SEC registration statement. A.G.P./Alliance Global Partners acts as the sole placement agent. This capital infusion will support U.S. Gold's exploration and development projects, including the CK Gold Project in Wyoming.