U.S. Gold Corp. Proud Sponsor of the 128th Annual Cheyenne Frontier Days - July 19-28, 2024

Rhea-AI Summary

U.S. Gold Corp. (Nasdaq: USAU) announced its sponsorship as a Copper Boot sponsor for the 128th Annual Cheyenne Frontier Days from July 19-28, 2024. This event is renowned as the world's largest outdoor rodeo, featuring activities that celebrate western heritage with over $1 million in prizes. CEO George Bee emphasized the company's ongoing commitment to the local economy and community through its CK Gold Project, which recently cleared significant regulatory hurdles. The project boasts proven and probable reserves of 1.01 million ounces of gold and 248 million pounds of copper, aiming to produce 108,500 ounces of gold equivalent annually over ten years, supporting renewable energy and automotive electrification.

Positive

• U.S. Gold Corp. secured its Mine Operating Permit for the CK Gold Project from the Wyoming Department of Environmental Quality.
• The CK Gold Project has proven and probable reserves of 1.01 million ounces of gold and 248 million pounds of copper.
• The project's average annual production is estimated at 108,500 ounces of gold equivalent over a ten-year mine life.

Negative

• None.

U.S. Gold Corp. is proud to be a Copper Boot sponsor at the world's largest outdoor rodeo in celebration of Cheyenne's authentic western heritage and community roots

CHEYENNE, Wyo., July 10, 2024 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU) is pleased to announce that we will be a proud Copper Boot sponsor of the 128th Annual Cheyenne Frontier Days.

This 10-day event features the world's largest outdoor rodeo and has been an important tradition in the region since its founding in 1897. Its activities celebrate the country's rich western heritage, drawing top professionals competing for more than $1 million in prizes, and includes events such as a chuckwagon cook-offs, nightly concerts and a western art show that is among the most prestigious in the Rocky Mountain region.

"This is U.S. Gold's second year running as a Copper Boot sponsor and third year overall of sponsorship of Cheyenne Frontier Days which speaks to our long-term commitment to the region, the local economy and small businesses within the community. Our CK Gold Project continues to align with the mission of the city of Cheyenne as we look to provide significant economic activity for Cheyenne and Laramie County. We look forward to celebrating the spirit of the West which is alive and well here in the Rocky Mountains," said George Bee, Chief Executive Officer of U.S. Gold.

In May of this year, U.S. Gold's CK Gold Project received its Mine Operating Permit from the Wyoming Department of Environmental Quality, essentially clearing the major regulatory hurdles towards project development.  With proven and probable reserves of 1.01 million ounces of gold and 248 million pounds of copper, average annual production for the CK Gold Project is estimated at 108,500 ounces of gold equivalent over a ten-year mine life, which the Company believes will aid federal and state plans to electrify the automotive industry.  Copper is an essential element in renewable energy and electric transmission while gold has long demonstrated its value in preserving wealth and defending against inflation and currency volatility.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold and copper exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Gustavson Associates, LLC. Our Keystone exploration property is on the Cortez Trend in Nevada. Our Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please https://www.usgoldcorp.gold/.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "proposed," "aims," "forecast," "estimated," "believes," "continues" and "intend," among others. These forward-looking statements include statements related to U.S. Gold's Copper Boot sponsorship of the 127th annual Cheyenne Frontier Days, the major regulatory hurdles necessary to develop the CK Gold Project, and estimated mine production at the CK Gold Project over a projected ten-year mine life. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from: market and other conditions; the prevailing market conditions for metal prices and mining industry cost inputs; environmental and regulatory risks; changes in interpretations of geological, geostatistical, metallurgical, mining or processing information; risks faced by junior companies generally engaged in exploration activities; whether U.S. Gold will be able to raise sufficient capital to develop the CK Gold Project and implement future drilling programs; the success or failure of future drilling programs; and other factors described in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company undertakes no duty to correct or update any information contained herein.

For further information
U.S. Gold Corp.
Investor Relations
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

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SOURCE U.S. Gold Corp.

FAQ

What is U.S. Gold Corp.'s involvement with the 128th Annual Cheyenne Frontier Days?

U.S. Gold Corp. is a Copper Boot sponsor for the 128th Annual Cheyenne Frontier Days, supporting the event and celebrating western heritage from July 19-28, 2024.

What are the key features of the CK Gold Project announced by U.S. Gold Corp.?

The CK Gold Project has proven and probable reserves of 1.01 million ounces of gold and 248 million pounds of copper, with an estimated annual production of 108,500 ounces of gold equivalent over a ten-year mine life.

What recent regulatory milestone did U.S. Gold Corp.'s CK Gold Project achieve?

The CK Gold Project received its Mine Operating Permit from the Wyoming Department of Environmental Quality in May 2024.

How does U.S. Gold Corp.'s CK Gold Project support renewable energy initiatives?

The CK Gold Project's copper reserves are essential for renewable energy and electric transmission, aiding in federal and state plans to electrify the automotive industry.