USAU is Sitting on 44 million AuEq Proven & Probable oz Reserve!
The company saw a 46% decline in short interest in December
Roth Capital Partners recently initiated coverage of the company with a Buy rating and a price target of $10, calling the company “undervalued” based on its CK Gold Project
READ THE INVESTOR PRESENTATION HERE
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Hello Everyone,
Gold has been constantly in the news cycle over the past few months.
Many top analysts are saying that gold stocks are poised to perform well in 2025 due to a combination of global economic uncertainties, inflationary pressures, and a stable demand for safe-haven assets. Inflation concerns continue to exist, pushing investors toward gold as a store of value. Geopolitical tensions and economic volatility create an environment where gold remains an attractive hedge against risk. As demand for gold remains strong and production becomes more efficient, gold stocks offer a compelling investment opportunity for those seeking exposure to the precious metal while benefiting from the potential upside of well-managed mining operations.Pull up USAU right away and get it on your screen.
U.S. Gold Corp. (NASDAQ: USAU) is an emerging gold and copper exploration and development company positioned to benefit from the ongoing bull market in gold.
The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.
With a focus on shovel-ready projects and a strategic location in a mining-friendly jurisdiction, U.S. Gold Corp aims to capitalize on rising gold prices. The company generates revenue primarily through the development of its mineral assets, particularly the CK Gold Project in Wyoming.
This project is one of the few permitted and shovel-ready gold and copper endeavors in North America, allowing for a streamlined path to production!
The company’s Keystone project in Nevada is very unique. It is a standalone district-scale project, located near Barrick’s flagship Cortez complex. It has very similar geology and stratigraphy to its neighbor, Cortez. It is USAU’s belief that a number of significant gold deposits are hosted at Keystone, and it is eagerly awaiting market conditions to improve so that we can explore Keystone with the level of interest that it deserves. It is a company maker in its own right.
U.S. Gold Corp plans to leverage its gold and copper reserves to maximize profit margins. With rising gold prices and stable energy costs, the company stands to benefit significantly as market conditions favor gold mining operations.
Roth Capital Partners recently initiated coverage of the company with a Buy rating and a price target of $10, calling the company “undervalued” based on its CK Gold Project.
Paradigm Capital also had positive coverage, with a Speculative Buy rating and a target price of $16.50. Paradigm’s analysts highlighted that the CK Gold Project, now fully permitted and shovel-ready, is positioned to become Wyoming’s next major gold and copper mine.
We also saw HC Wainwright raise their price objective on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report In late November.
USAU is also sitting in the portfolio of significant Wall Street players like JP Morgan Chase & Co, Jane Street Group, Prospera Financial Services & Geode Capital Managment to name a few.
The company saw a large decline in short interest in December. As of December 15th, there was short interest totalling 55,700 shares, a decline of 46.0% from the November 30th total of 103,200 shares.
Company Highlights
- USAU is one of the only permitted, shovel-ready gold/copper projects in North America that is yet to be developed. Producing companies are desperate to replace dwindling ounces from their production assets. Other companies are looking to increase their production profiles to garner a re-rating from the mining analysts. US Gold is in a unique situation due to this and the M&A interest it will generate as the mining sector gains momentum.
- Jurisdiction: The company’s asset is in the safest mining jurisdiction on the planet-State of Wyoming land. Wyoming is a resource/mining friendly area, with no federal nexus. This was hugely important to the permitting process of the CK Gold project and its ongoing development.
- US senior exchange listing: USAU trading on the NASDAQ affords the company the ability to access retail investors throughout the US as well as institutional investors globally. With a very tight share structure, the company is very well positioned to make the most out of this burgeoning bull market.
- Copper: USAU’s copper component offers diversification of the asset for those who aren’t bullish on the gold-cycle.
- Other value metrics around the CK project that have not been valued into the company yet. New generation is going to be key as USAU unlocks these value markers.
Properties
CK Gold Project – Near-Term Gold – Copper Producer
The CK Gold Project deposit is a development stage, large-tonnage, gold-copper deposit with high-grade mineralization exposed at the surface surrounded by a large, low-grade zone with potential for expanding resources.
The CK Gold Project was reportedly discovered in 1881, high-graded and saw limited mining. The first exploration work reported is drilling by ASARCO in 1938. Several additional rounds of drilling have been conducted since that time. In 1972 Henrietta Mines Ltd. acquired the property and completed a comprehensive program of exploration and development. In addition to drilling, an I.P. survey, geologic mapping, geochemical sampling, and metallurgical testing were conducted (Nevin, 1973). Drilling campaigns were conducted by Saratoga since 2006 and Strathmore since 2012, with a hiatus in drill exploration until the acquisition of the project by U.S. Gold Corp. from Energy Fuels in 2014. U.S. Gold Corp. conducted drilling in 2017, 2018, 2020 and is currently concluding its 2021 drilling program, focused on data collection to support post PFS and feasibility studies in 2022.
The CK Gold Project property is located in the Silver Crown mining district of southeast Wyoming, approximately 20 miles west of the city of Cheyenne, on the southeastern margin of the Laramie Range. The property comprises about 1,120 acres (2 square miles) and is 100% owned by U.S. Gold Corp. (NASDAQ: USAU).
In December 2021, the company released the project’s SK-1300 Technical Report Preliminary Feasibility Study, PFS (by Gustavson Associates LLC). The project offers the company near-term, open-pit production potential as well as compelling value.
Highlights:
- 1.44 million AuEq Proven & Probable oz Reserve
- Advantageous infrastructure, located near major highways and railroads, facilitates easy transportation of materials to smelters. This infrastructure advantage enhances the project’s economic viability.
- 100K+ oz AuEq Annual Production Forecast – plus significant upside
- Mineral Resource Expansion – open at depth and laterally
- All In Sustaining Cost (AISC) of $800 AuEq/ oz over LOM
- Low Strip Ratio – surface mineral outcrop with immediate revenue potential
- Study Underway Analyzing Aggregate Potential
- Final Stages of Permitting with WY government – no federal permits needed.
CK Gold Project Pre-Feasibility Study Summary*
*Source:SK-1300 TechnicalReport Pre-FeasibilityStudy on the CK Gold Project report date December 1, 2021 using $1625 Au, $3.25 Cu and $18 Ag. Please see “CautionaryNote ConcerningMineral Resources”in this presentation
The Copper Situation
Prefeasibility Study Highlights of Ck Gold also include a staggering copper amount:
- M+I includes: Gold – 1.110 million ounces and Copper – 280 million lbs!!!
Why is this a big deal?
Because copper will be a big part of the clean revolution.
Besides clean energy technologies, several industries including construction, infrastructure, and defense use copper for its unique properties. The metal is critical in many fast-growing clean industries from the electric grid and electric vehicles to renewable technologies.
Copper is essential in electrical wiring and transportation and is playing an increasingly large role in alternative energy, as it is a crucial component in wind turbines, solar panels, and electric vehicles, which require four times as much copper as conventional gas vehicles!
Some of the world’s largest mining companies and metal traders are warning that by 2025, a massive shortfall will emerge for copper, which is now the world’s most critical metal due to its essential role in the green economy.
The deficit will be so large that The Financial Post stated that it could itself hold back global growth, stoke inflation by raising manufacturing costs and throw global climate goals off course.
The copper supply issue is scary. There may not be enough copper to go around for the millions of electric vehicles (EVs) expected to hit the roads, or to fuel wind turbines and solar power.
In fact, wind and solar energy use more copper than conventional forms of energy, such as coal, natural gas, and nuclear power plants. Conventional power plants require about one ton of copper to produced one megawatt of electricity, whereas wind and solar can require between three to five tons per megawatt!
To make matters worse, these numbers only reflect the amount of copper needed to build wind turbines or solar panels, and do not factor in the additional copper needed to transport the electricity generated from wind and solar facilities to the population centers that consume the electricity.
The Next Milestones for the CK Gold Project:
- Publishing an updated Prefeasibility Study (“PFS”), now slated for early 2025;
- Continuing onto a final Feasibility Study (“FS”), which has already been advanced but awaits completion of the updated PFS to verify optimizations announced in September, including a final decision on the preferable flotation technology; and
- Development financing opportunities with several interested parties who have been following the Company’s progress with interest.
All these activities are planned to occur during 2025 and development, subject to suitable financing, could commence as soon as year-end 2025.
Keystone Project
Discovering the next major gold opportunity on the Cortez Trend in Nevada!
- An established gold mining jurisdiction
- Produced ~4.47 M oz of gold produced in 2021 – approx. 78% of U.S. gold production *USFunds.com
- 6th largest gold producing “country” in the world, if Nevada were a country
- Historically, Nevada has produced > 225M oz of gold, hosting numerous world-class deposits
- “Elephant country”: >20M oz gold deposits
- Pro-mining environment, geopolitical stability, major infrastructure Keystone Project Location Keystone exhibits many similarities to Barrick’s deposits to the north; similar host rock, stratigraphy, structure and Eocene intrusions
Priority Target Areas:
- Consolidated an entire district on the Cortez Trend, NV – 20 square miles, 100% controlled by U.S. Gold Corp.
- Never previously consolidated nor systematically explored by model -driven, modern -day exploration techniques
- The extent and intensity of the alteration and the thickness of permissive rock packages encountered, highlight the potential of this district-scale mineral system
- Systematic exploration has primed Keystone for discovery
- Recent hyperspectral survey undergoing ground investigation for potential additional targets
Cortez Complex Comparison to Keystone:
NEWS
U.S. Gold Corp. to Participate at the 2025 Future Minerals Forum in Riyadh, Saudi Arabia6 days agoU.S. Gold Corp. Provides Commentary on $10.2 Million Non-Brokered Registered Direct Offering and CK Gold Project UpdateDec 11, 2024U.S. Gold Corp. Closes $10.2 Million Non-Brokered Registered Direct OfferingDec 6, 2024U.S. GOLD CORP. ANNOUNCES $10.2 MILLION REGISTERED DIRECT OFFERINGNov 27, 2024U.S. Gold Corp. to Participate in New Orleans Investment Conference and CEM Florida Capital Event November 20-24Nov 20, 2024U.S. Gold Corp. Receives Air Quality Permit, Finalizing the Mine Operating Permit for the CK Gold ProjectNov 18, 2024U.S. Gold Corp. Chairman to Appear on Live Gold Panel “Mined in the USA”Oct 30, 2024Winning Media Announces Exclusive Interview With US Gold Corp Chairman and Co-Founder, Luke NormanOct 8, 2024U.S. Gold Corp’s Fall Conference Takeaway Spotlights Developers with Permitted, Derisked Projects in Mining-Friendly JurisdictionsSep 25, 2024U.S. Gold Corp. to Participate at the Gold Forum Americas 2024 Conference in Colorado Springs, ColoradoSep 11, 2024
https://www.fintech.tv/embedcode/N8298
MANAGEMENT
George Bee
PRESIDENT AND CEO
Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He has an extensive career advancing world-class gold mining projects in eight countries on three continents for both major and junior mining companies. Most recently in 2018 Mr. Bee concluded a third term with Barrick Gold as Senior VP Frontera District in Chile and Argentina to advance Pascua Lama feasibility as an underground mine. This capped a 16-year history with Barrick Gold with positions that included Mine Manager at Goldstrike during early development and operations, Operations Manager at Pierina Mine taking Pierina from construction to operations, and General Manager of Veladero developing the project from advanced exploration through permitting, feasibility and into production.
With his Barrick experience and having had eight years in South Africa working underground gold with Anglo American and open pit copper with Rio Tinto at Palabora Mine, Mr. Bee was well placed to advance projects internationally and domestically as a senior executive. This led to his appointment to various board and leadership positions at various companies. As COO of Aurelian Resources in 2007, he was in charge of project development for Fruta del Norte in Ecuador until Aurelian was acquired by Kinross Gold in 2008. Post-acquisition, moving on from Kinross, where he had also previously worked from 1996 to 1998 advancing projects in El Salvador and Nevada, he joined Andina Minerals as CEO in 2009. Andina and its 6 million-ounce Volcan Gold Project in Chile was acquired by Hochschild in 2013. By this time Mr. Bee had been appointed to the boards of Peregrine Metals and later Stillwater Mining and Jaguar Mining. In 2014, he also assumed the role of Chief Executive Officer of Jaguar Mining, operating mines in Brazil, as the company emerged from a financial restructuring process.
Mr. Bee is a graduate of the Camborne School of Mines in Cornwall, United Kingdom and is a member of the Institute of Corporate Directors with an ICD.D designation.
Eric Alexander
CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY
Mr. Eric Alexander has over 30 years of corporate, operational and business experience, and over 15 years of mining industry experience. Previously he served as Corporate Controller of Helix Technologies, Inc., a publicly traded software and technology company from April 2019 to September 2020. Prior to that, he served as the Vice President Finance and Controller of Pershing Gold Corporation, a mining company (formerly NASDAQ: PGLC), from September 2012 until April 2019. Prior to that, Mr. Alexander was the Corporate Controller for Sunshine Silver Mines Corporation, a privately held mining company with exploration and pre-development properties in Idaho and Mexico, from March 2011 to August 2012. He was a consultant to Hein & Associates LLP from August 2012 to September 2012 and a Manager with Hein & Associates LLP from July 2010 to March 2011. He served from July 2007 to May 2010 as the Corporate Controller for Golden Minerals Company (and its predecessor, Apex Silver Mines Limited), a publicly traded mining company with operations and exploration activities in South America and Mexico. In addition to his direct experience in the mining industry, he has also held the position of Senior Manager with the public accounting firm KPMG LLP, focusing on mining and energy clients. Mr. Alexander has a B.S. in Business Administration (concentrations in Accounting and Finance) from the State University of New York at Buffalo and is also a licensed CPA.
Kevin Francis
VICE PRESIDENT – EXPLORATION & TECHNICAL SERVICES
Mr. Francis has held many senior roles within the mining industry, including VP of Project Development for Aurcana Corporation, VP of Technical Services for Oracle Mining Corporation, VP of Resources for NovaGold Resources and Principal Geologist for AMEC Mining and Metals. Most recently, he consulted to U.S. Gold Corp. as Principal of Mineral Resource Management LLC, a consultancy providing technical leadership to the mining industry, as well as the CK Gold Project through his association with Gustavson Associates (a member of WSP) since September 2020. Mr. Francis is a member of the Board of Directors of Texas Mineral Resources Corporation. Mr. Francis is a “Qualified Person” as defined by SEC S-K 1300 and Canadian NI 43-101 reporting standards and holds both an M.S. degree and a B.A. in geology from the University of Colorado.
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