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) 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.
U.S. Gold Corp. (Nasdaq: USAU) announced its participation in the virtual H.C. Wainwright Mining Conference, scheduled from November 30 to December 1, 2021. Founder Edward Karr will present the company's business overview during his session on December 1, from 10:00 AM to 10:30 AM ET. Investors can register for the conference and request one-on-one meetings with the management team to discuss opportunities. U.S. Gold Corp. focuses on gold exploration and has multiple projects in the U.S., including the CK Gold Project in Wyoming and others in Nevada and Idaho.
CHEYENNE, Wyo., Nov. 9, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) will participate in the virtual Precious Metals Summit Europe on November 15-16, 2021. Management will hold one-on-one meetings and present updates on the CK Gold Project and its upcoming pre-feasibility study. The presentation will be led by President & CEO George Bee on November 15 at 04:00 a.m. MDT. The event connects investors with leading precious metal firms globally.
U.S. Gold Corp. (Nasdaq: USAU) announced its participation in the Benzinga Sector Agnostic Conference on October 27-28, 2021. Founder Edward Karr will present a corporate overview and discuss key updates, including the advancement of the CK Gold Project towards permitting and development decisions. The company also plans to share progress on its Keystone and Maggie Creek Projects in Nevada, along with the Challis Gold Project in Idaho. Investors can schedule one-on-one meetings with management by emailing ir@usgoldcorp.gold.
U.S. Gold Corp. (NASDAQ: USAU) provided updates on its CK Gold Project in Southeast Wyoming. Highlights include a non-jurisdictional determination from the U.S. Army Corps of Engineers, securing land agreements, and launching a project website. The Prefeasibility Study (PFS) is expected by year-end 2021, with the Feasibility Study (FS) fieldwork underway for completion by mid-2022. Furthermore, ongoing environmental monitoring aims for a potential Mine Permit application in 2022, signifying a quicker pathway to regulatory approval.
U.S. Gold Corp. (NASDAQ: USAU) announced the results of its Annual Meeting of Stockholders, held virtually on September 20, 2021. All proposals received approval from stockholders, including the election of five directors: George Bee, Ryan Zinke, Robert Schafer, Tara Gilfillan, and Michael Waldkirch, who will serve until the next annual meeting. Additionally, Marcum, LLP was ratified as the Company’s independent public accountant for the fiscal year ending April 30, 2022. CEO George Bee expressed gratitude for stockholder support and looks forward to future exploration efforts.
U.S. Gold Corp. (NASDAQ: USAU) has announced a land agreement to lease additional land and grant access for the CK Gold Project in Wyoming. This agreement allows for a new access route, reducing travel distance to the project and enhancing safety. President and CEO George Bee highlighted the community benefits, including job creation and potential tax revenue. The project aims to balance resource development with agricultural stewardship, promising significant contributions to local infrastructure and funding for education through royalties.
U.S. Gold Corp. (NASDAQ: USAU) announced its participation in the 2021 Denver Gold Group Gold Forum Americas from September 12-15, 2021. The company's management, including President & CEO George Bee, will present on September 13 at 8:20 a.m. MDT. Attendees can expect updates on the CK Gold Project and a forthcoming pre-feasibility study. The event will feature both in-person and virtual participation, facilitating networking between institutional investors and precious metals executives.
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