US Gold Corp
Financials:
Primary ticker: NASDAQ:USAU
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: CK Gold Project
Project location: Wyoming, USA
Website: usgoldcorp.gold
Corporate presentation: Click here
US Gold Corporation combines robust economics with district-scale exploration and near term production plans from three projects located in the western US. The CK Gold project in Wyoming is expected to be permitted for mining in Q1 2024. Production can be as early as 12-18 months after obtaining the mining permit. The project contains 1.44 M AuEq oz proven and probable reserves. The Keystone project in Nevada is located in the Cortez Gold Trend, 10 miles south of Barrick’s Cortez Hills Mine complex. Third is the Challis Gold project located in Idaho.
Cash: USD$7.8M
Debt: NIL
Major shareholders:
Management & Directors – 20%
Phoenix Gold Fund – 5%
Map of Projects
Management Profile
George Bee – President & CEO
George Bee has managed multiple world-class mining projects in 8 countries for major and junior mining companies. He has taken several gold mines from development to production and recently was a Sr. VP of Operations for Barrick Gold. He also worked for Rio Tinto and Anglo American as well as several junior mining companies in his distinguished mining career.
What is your rationale for taking part in 121 Mining Investment?
Looking for market support and introductions to funds and high net worth investors.
What recent news would you like to highlight to investors attending?
July 12, 2023 – US Gold Corporation receives industrial citing permit. This is one of two important production permits. The final production permit is expected in Q1 2024.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue to develop the project in preparation for production. Complete aggregate market study.
6 Months:
Receive final permit for mine production. Initiate production financing.
12 Months:
Complete production financing and be engaged in pre-production activities.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
All efforts are focused on completing premitting and preparing for production.
What do you think makes your company such a compelling investment?
We expect to be the next new producing gold/copper mine in the US or Canada.
What are the top 3 key investor takeaways?
Final mining permit expected Q1, 2024.
Expect to be in production 12-18 months after receiving permit.
Experienced management team has previously built multiple gold mines.