U.s. Gold(NASDAQ) USAU

U.S. Gold Corp. searches for gold and copper in the ground. It manages mining sites in Wyoming, Nevada, and Idaho. The company finds metals that people use every day.

Searching for Precious Metals

• CK Gold Project: Development-stage copper and gold project in Wyoming with proven and probable reserves, which are quantities of minerals that can be profitably mined.
• Keystone Project: Gold exploration property in Nevada covering 20 square miles with 601 unpatented lode mining claims, which are rights to mine on federal land.
• Challis Gold Project: Exploration site in Idaho covering approximately 1,710 acres focused on identifying gold deposits.
• Maggie Creek: Potential royalty interest in a Nevada gold project; a royalty is a share of future profits or mineral production.

Moving Toward Active Mining

• Contracted Micon International Limited in June 2025 to design a mineral processing plant for the Wyoming project.
• Selected specialized flotation equipment from Glencore Technology in August 2025 to improve metal recovery through chemical and air-bubble separation.
• Partnered with Cheyenne Light, Fuel and Power in August 2025 to plan electricity infrastructure for the mine site.
• Completed a feasibility study in March 2026 showing the Wyoming project has a $632 million net present value and an 11-year life.
• Agreed to purchase 204 acres of land near the Wyoming mine site with a closing date scheduled for September 2026.

What Makes the Projects Unique

The company holds 100% ownership of its three primary mining projects and has secured water supply rights for its Wyoming operations. It maintains a small team of four employees while using outside consultants for technical mining expertise.

A Financial Snapshot

• Operating expenses reached $19 million in the fiscal year ended April 30, 2026, a $5,994,000 increase year over year.
• Net loss was approximately $17,208,000 for the fiscal year ended April 30, 2026.
• Cash on hand was approximately $30,655,000 as of April 30, 2026.
• A private placement in December 2025 raised approximately $31.2 million in gross proceeds.
• Working capital totaled $31,576,311 as of April 30, 2026, up from $8,015,445 in 2025.

Bottom Line

U.S. Gold has evolved from a broad explorer into a developer focused on bringing its Wyoming project into production. The company has secured key permits and funding to support its transition from exploration to active mining.