U.S. Gold Corp. Issues 2024 CEO Update Outlining Its Recent And Expected Milestones, As It Continues To Advance Its Assets And Projects In 2024

Author: Benzinga Newsdesk | January 10, 2024 09:24am

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.

Posted In: USAU