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. (USAU) announced promising assay results from its 2021 drilling program at the CK Gold Project, revealing high-grade gold and copper reserves. The company holds proven and probable reserves of 1 million ounces of gold and 248 million pounds of copper. Significant intercepts, including 11.8 g/t gold and 7.8% copper, exceed earlier grade estimates, enhancing the project's economic outlook. With gold and copper prices rising, the project is poised for development, and a Permit to Mine application will be submitted mid-year 2022.
U.S. Gold Corp. (NASDAQ: USAU) has awarded Samuel Engineering Inc. the next phase of engineering for the CK Gold Project in southeast Wyoming. This partnership is expected to support a full feasibility study and project development. Samuel, with 25 years of experience and local offices, will utilize its expertise to enhance the project's efficiency and cost-effectiveness. CEO George Bee expressed optimism about advancing the project amid rising gold and copper prices. The collaboration aims to establish a significant domestic source of gold and copper production benefitting local communities.
U.S. Gold Corp. (NASDAQ: USAU) announced an operational and financial update following its $2.5 million registered direct offering. The Company is set to submit a Mine Permit application for its CK Gold Project in southeast Wyoming by mid-2022. President and CEO George Bee highlighted rising gold prices, expected to reach $2,150 per ounce, due to geopolitical factors. The Company's Pre-Feasibility Study shows promising results with over 1 million ounces of gold reserves. An ESG audit affirmed good practices, with community outreach as a priority.
U.S. Gold Corp. (NASDAQ: USAU) announced a registered direct offering of 384,741 shares at $6.50 each and warrants to purchase 192,370 shares at an exercise price of $8.00, generating approximately $2.5 million in total gross proceeds. The transaction is set to close on February 16, 2022, subject to customary conditions. Following the offering, the total shares outstanding will reach 7,481,464. The offering is made under a shelf registration statement declared effective by the SEC on February 25, 2021.
U.S. Gold Corp. (Nasdaq: USAU) has released a CEO update detailing recent progress and upcoming milestones for the CK Gold Project in Wyoming. The company is advancing its prefeasibility study and plans to finalize its mine permit application by mid-2022. Key activities include enhancing project efficiency and exploring the potential of non-gold resources. The CEO expressed optimism for 2022, highlighting plans for community engagement and expanding exploration in Nevada. The update emphasizes U.S. Gold's commitment to shareholder value and prudent capital deployment.
U.S. Gold Corp. (NASDAQ: USAU) has launched a new corporate video detailing the robust economics of its CK Gold Project in Wyoming. The Prefeasibility Study (PFS) highlights proven and probable mineral reserves of 1.01 million ounces of gold and 248 million lbs of copper, with a pre-tax NPV of $323 million and an IRR of 39.4%. The project aims to operate as an open pit, potentially serving future water storage needs in the Cheyenne area. The company plans to file its mine plan permit in early 2022 and continues community engagement to support the project's development.
U.S. Gold Corp. (NASDAQ: USAU) will present at the Benzinga All Access Conference on December 14, 2021, at 9:20 a.m. ET. The presentation will feature updates on the Company's exploration and development projects, including the CK Gold Project's prefeasibility study, which reports proven and probable reserves of 1.01 million ounces of gold and 248 million lbs. of copper. The pre-tax NPV is estimated at $323 million with a 39.4% IRR. For more details, visit www.usgoldcorp.gold.
U.S. Gold Corp. (NASDAQ: USAU) has released its prefeasibility study (PFS) for the CK Gold Project, showcasing promising financial metrics with gold prices around $1,800 and copper at $4.25, exceeding the PFS assumptions of $1,625 and $3.25, respectively. This favorable discrepancy indicates strong project economics. The company is poised for further development steps in 2022 after completing its 2021 field season. The PFS and accompanying technical report summary are publicly accessible, providing insight into the project's value proposition.
U.S. Gold Corp. (NASDAQ: USAU) has successfully completed the prefeasibility study for the CK Gold Project, which showcases significant resource potential. Key highlights include:
- 1.58 million AuEq ounces in Measured and Indicated resources
- 1.44 million AuEq ounces in Proven and Probable reserves
- 39.4% pre-tax IRR and $323 million NPV at 5%
- Initial capital estimated at $221 million with a 2-year payback
The project aims for robust economic metrics and minimal environmental impacts, with ongoing work to finalize a feasibility study and start permitting in 2022.
U.S. Gold Corp. (NASDAQ: USAU) will host a conference call webcast on December 1, 2021, at 11:00 a.m. ET to update investors on its mining assets and future plans for 2022. The management team will provide prepared remarks followed by a Q&A session. Investors can submit questions via email. A replay will be available for two weeks after the call. U.S. Gold Corp. focuses on gold exploration and development, holding multiple properties including the CK Gold Project in Wyoming and exploration sites in Nevada and Idaho.
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