US Gold Corp

usgoldcorp.com

US Gold Corp (NASDAQ: USAU) is a gold and precious metals exploration company that pursues exploration and pre-development activities across mineral properties in Wyoming, Nevada, and Idaho. The company generates no operating revenue. It funds operations entirely through equity financing, as it has done since inception. US Gold Corp owns mineral rights comprising three projects: the CK Gold Project in southeastern Wyoming (approximately 20 miles west of Cheyenne), the Keystone Project in Nevada, and the Challis Gold Project in Idaho. The CK Gold Project is the primary focus, with proven and probable mineral reserves estimated under S-K 1300 and a mine operation and reclamation plan conditionally approved as of April 2025. For the fiscal year ended April 30, 2025, the company reported a net loss of approximately $20,559,000 and cash used in operating activities of approximately $9,872,000. As of April 30, 2025, cash on hand was approximately $8,169,000 and accumulated deficit stood at approximately $93,407,000. The company disclosed substantial doubt about its ability to continue as a going concern for the twelve months following the July 29, 2025 filing date.