CHEYENNE, Wyo.,
Jan. 10,
2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU)
(the "Company," "we," "us" or "our"), a gold development and
exploration company, today issued a CEO update outlining its recent
and expected milestones, as it continues to advance its assets and
projects (the "CEO Update") in 2024.
Operational and strategic highlights follow:
CK Gold Project
- Anticipated Permit Approval H1 2024
- Finalized Feasibility Study H1 2024
- Shovel ready H2 2024 (pending Board of Directors'
approval)
- Robust Economics on Copper and Gold sales
- Significant upside on additional resource, and aggregate
opportunity
- Well positioned to benefit from the rising gold and copper
market
- A low impact project with significant potential environmental
benefits
- Tax and employment benefits to the State of Wyoming
Exploration
- Largely unrecognized value of assets, held at minimal holding
cost
- Keystone – a highly prospective 20-square mile exploration
asset in Nevada, on trend with
Nevada Gold Mines' Cortez
Complex
- Opportunity in Idaho with
historic production
Company Valuation
- Anticipated to emerge de-risked from current low share price
valuation
- Positioned to benefit from a bullish outlook for copper and
gold
- $4.0 million in treasury per
recent quarterly statement
A copy of the CEO Update is available on the Company's corporate
website.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly
traded, U.S.-focused gold 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. Keystone
is an exploration property on the Cortez Trend in Nevada. The Challis Gold Project is located in
Idaho. For more information about
U.S. Gold Corp., please visit www.usgoldcorp.gold.
Safe Harbor
Certain statements in this CEO Update are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements may be identified
by the use of forward-Looking words such as "anticipate,"
"believe," "forecast," "estimated," and "intend," among others.
These forward-looking statements are based on U.S. Gold Corp.'s
current expectations, and actual results could differ materially
from such statements. 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: the prevailing market conditions
for metal prices and mining industry cost inputs, environmental and
regulatory risks, COVID-19 risks, risks faced by junior companies
generally engaged in exploration activities, whether U.S. Gold
Corp. will be able to raise sufficient capital to implement future
drilling programs, the success or failure of future drilling
programs, changes to assumptions contained in the PFS, 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 makes no representation or warranty that the
information contained herein is complete and accurate and we have
no duty to correct or update any information contained herein.
For additional information, please contact:
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.