ELKO, Nev., June 9, 2021 /PRNewswire/ -- U.S. Gold Corp.
(Nasdaq: USAU) (the "Company"), a gold exploration and development
company, today announced that it has been added to the Russell
Microcap® Index as part of the 2020 Russell indexes
annual reconstitution. U.S. Gold is set to join the 2021 Russell
Microcap® Index effective after the U.S.
market opens on June 28, 2021.
Membership, which remains in place for one year, in the Russell
Microcap® Index means automatic inclusion in the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell indexes primarily by objective
market-capitalization rankings and style attributes.
"The inclusion recognizes the ongoing growth of the Company and
several notable upcoming corporate milestones that include being on
track to complete our pre-feasibility study for our CK Gold Project
during the second half of 2021 and progress on our 2021 summer
exploration programs for our exploration projects," said U.S. Gold
Corp. Founder Edward Karr. "Our
inclusion in this year's FTSE Russell Microcap® Index is
significant because it will help expand our value proposition. U.S.
Gold Corp. is currently on track to complete the CK Gold Project
Pre-Feasibility Study (PFS) in the early second half of 2021. U.S.
Gold Corp. also reported that it has received confirmation from the
Bureau of Land Management that it accepted additional bonding for a
further 50 acres of disturbance under its effective Plan of
Operations and as a result, is currently assessing plans for its
potential 2021 summer exploration program at its 20-square-mile
Keystone project, located in Nevada's Cortez
Trend. Additionally, drilling continues at our Maggie Creek project, located directly east of
Nevada Gold Mines' Gold Quarry mine
and processing facilities."
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. Copper King, now the CK Gold
Project, is located in Southeast
Wyoming and has a Preliminary Economic Assessment (PEA)
technical report, which was completed by Mine Development
Associates. Keystone and Maggie
Creek are exploration properties on the Cortez and Carlin
Trends 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 press release 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.
Forward-looking statements include statements regarding the
anticipated timing and completion of a pre-feasibility study for
the CK Gold Project. 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, 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
exploration programs, COVID-19 uncertainties, 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.