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Massive Upside Alert:

$37 Million Market Cap North American Gold and Copper Mining Development Company Potentially Sitting on $3 Billion Worth of Metal…AND a Fast Track to Production

With a Great Location in Mining-Friendly Wyoming, U.S. Gold Corp. (Nasdaq: USAU) Appears On Track to Open North America’s Next Copper and Gold Mine Within the Next 18 Months

7 Reasons Why You Should Strongly Consider U.S. Gold Corp. (Nasdaq: USAU) Today

1a

This $37 Million Market Cap Company Potentially Has $3 Billion Worth of Metal in the GroundU.S. Gold Corp.’s proven and probable reserve of 1.01 million ounces of gold – plus an additional 250 million pounds of copper – means the company is sitting on potentially over $2.04 Billion worth of gold and $1 Billion worth of copper at today’s prices. Given the speed at which the company is moving ahead to bring some of this gold to market, the window of opportunity to invest at the current lower price may close quickly.

2a

Bull Market for Gold Sends U.S. Gold Corp.’s Reserve Value Higher – After retreating in late September, the price of gold has resumed its path higher, moving past $2,000 per ounce. With ongoing inflationary concerns as well as geopolitical instability worldwide, we appear to still be in the early stages of a long-term bull market for gold. This continued high gold price is exceptionally good news for mining companies like U.S. Gold Corp, who will continue to see the value of their resources increase.

3a

U.S. Gold Corp. is Led by One of North America’s Most Experienced Mine Builders – President & CEO George Bee has taken several mines from development to production at companies like Barrick Gold, Rio Tinto and Anglo American. He leads a team of accomplished explorers and proven company builders at U.S. Gold Corp., who have made and financed the discovery and development of numerous world class gold assets.

4a

U.S. Gold Corp. Has a Diverse Portfolio off World-Class Projects – The company’s current mining projects – each in mining-friendly U.S. jurisdictions – offer significant resource potential. The company is moving quickly toward permitting in the first half of 2024 with its CK Gold Project in Wyoming, which will give it a critical advantage over its competitors. And its exploration projects in Nevada and Idaho each offer longer-term upside potential for the company.

5a

The CK Gold Project Offers Exposure to Compelling Value and Near-Term Production – The company’s flagship project in southeast Wyoming has been shown to have 1.44 million ounces of proven and probable gold equivalent reserves. This includes 1.01 million ounces of gold and 248 million pounds of copper. Given the current bull markets for gold and copper – plus the company’s anticipation of permitting approval in the first half of 2024 – the CK Gold Project right now appears to be one of North America’s most attractive gold and copper investment opportunities.

6a

U.S. Gold Corp. Offers Potential for Much-Needed Domestic Copper Supplies – 30% of U.S. Gold Corp.’s revenue currently comes from copper. With new electric vehicles requiring 40 pounds of copper per vehicle – and soaring demand for those vehicles worldwide – the value of the copper resource at the company’s properties has the potential to continue climbing significantly higher. In addition, copper’s elevation to “critical mineral” status in the U.S. means access to government incentives and potential fast-track permitting.

7a

The Company is Financially Well-Positioned to Move Forward Quickly – With $4.5 million in cash and zero debt on its balance sheet, U.S. Gold Corp. is in excellent shape to being moving toward opening its mine at the CK Gold Project in Wyoming. At the Wyoming site, all feasibility and environmental studies have already been paid for in previous financing rounds. This means the project has essentially been de-risked and the company is now in great position to move forward once final permitting is achieved.

U.S. Gold Corp. (Nasdaq: USAU) Offers Investors an Extremely Attractive Value Proposition in the Early Stages of this Bull Market for Gold

There’s no question that the economic turmoil we’ve seen – both within North America and all over the globe – has helped send gold prices sharply higher.

Within the past three years alone we’ve seen significant interest rate hikes…instability within the banking industry…the breakout of war in Ukraine and the Middle East…and unprecedented spending levels by the U.S. government.

 

These factors aren’t just contributing to higher gold prices today. They have also triggered what figures to be a long and sustained bull market.

“Gold is in the early days of a bull market…the deepest pockets on the planet are buying gold. That’s central banks.”

— Bloomberg Intelligence Senior Strategist Mike McGlone[i]

As this bull market for gold continues to heat up, one North American company – one with a handful of unique advantages in the market – appears to offer investors significant upside potential.

 

That’s because this company – U.S. Gold Corp. (Nasdaq: USAU) – now appears to be significantly undervalued based solely on the amount of gold and copper at its flagship property alone.

U.S. Gold Corp. (Nasdaq: USAU) Checks Off Each of the “3 P’s” for Junior Exploration Success

When evaluating the potential associated with any junior mining stock, investors have traditionally focused on the “3 P’s”: People…Project…and Permits.

 

In the case of U.S. Gold Corp., the company appears impressive with each of these three critical building blocks for success:

 

People

 

The company is led by President & CEO George Bee, a world-class mine builder who has taken several mines from development to production at companies like Barrick Gold, Rio Tinto and Anglo American.

 

Project

 

U.S. Gold Corp.’s CK Gold Project has a proven and probable reserve of 1.01 million ounces of gold – plus an additional 250 million pounds of copper. This means the company is potentially sitting on nearly $3 billion worth of gold and copper combined at today’s prices.

 

This project is in an incredible location – just outside of Cheyenne, Wyoming and only three miles north of the $30 billion Martin Marietta Materials’ (NYSE: MLM) Granite Canyon Quarry Mine.

 

Permits

 

Permitting is a huge issue for most exploration companies with new projects throughout North America, with many projects taking years to permit.

 

That’s not the case for U.S. Gold Corp., whose CK Gold Project is located entirely on state ground in the state of Wyoming. This means that the company is only dealing with state agencies when it comes to permitting…not the federal government.

 

The company has already received its Industrial Siting Permit (in 2023) and expects to receive approval for its Permit to Mine in 2024.

 

This permitting could lead to a significant re-rating of the valuation for the company. Permitted projects typically trade at 50+% of their Net Present Value (NPV).

 

In the case of the CK Gold Project, that NPV is $323 million…meaning 50% of that would translate into a potential valuation of $161 million.

 

With only 9.3 million shares outstanding, that could mean a share price for U.S. Gold Corp. (Nasdaq: USAU) approaching $17 after permit approval…and that represents substantial short-term upside potential from the current share price.

 

Indeed – Alliance Global Partners Top Rated Mining Analyst Jake Sekelsky has a current $18.00 price target on USAU, representing a potential 450% upside from current market levels.

With Potentially $3 Billion Worth of Metal in the Ground, this $37 Million Market Cap Company Appears Curiously Undervalued

U.S. Gold Corp. (Nasdaq: USAU) is an extremely attractive company with three U.S.-based, high-potential development projects in its portfolio.

The company is looking to aggressively advance each of its three projects…and given the current market conditions it appears to be doing so at precisely the right time.

 

Before taking a closer look at what’s happening at each of the company’s three projects, it’s important to understand the simple value proposition the company offers.

At U.S. Gold Corp.’s flagship project – the CK Gold Project in southeast Wyoming – prefeasibility studies showed mineral reserves consisting of 1.01 million ounces of gold and 248 million pounds of copper.

 

So let’s do some quick math.

 

At a gold price of $2,000 per ounce…those 1.010 million ounces of gold are potentially worth $2.04 billion.

 

And with copper prices at $3.90 per pound…those 248 million pounds of copper are potentially worth $967 million.

 

That’s roughly $3 billion worth of gold and copper – combined – sitting in the ground.

 

Yet in spite of this incredible reserve – as well as U.S. Gold Corp.’s proven leadership team…its fast-track toward permitting in the first half of 2024…and the company’s other projects in Nevada and Idaho…

 

Somehow the company still has a market cap of just around $37 million.

 

But given all that U.S. Gold Corp. (Nasdaq: USAU) has going for it, the opportunity for investors to get in at today’s discounted price is not likely to last much longer.

The CK Gold Project: A Development-Stage, At Surface, Open-Pit,Large-Tonnage Gold-Copper Project in Resource-Friendly Wyoming

As mentioned earlier, U.S. Gold Corp.’s flagship project is the CK Gold Project, located in the Silver Crown mining district of southeast Wyoming.

The property comprises about 1,120 acres (2 square miles) and is 100% owned by U.S. Gold Corp. 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.

 

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 high potential for expanding resources. 

The CK Gold Project resource is based upon 160 drill holes totaling 28,500m and contains oxide, mixed oxide-sulfide, and sulfide rock types. The CK Gold Project mineralization is characterized by an extraordinary even distribution of metal grades occurring as a large body of disseminated and vein / stockwork gold, silver, and copper mineralization.

 

The SK-1300 PFS study using base case prices of $1625/oz gold and $3.25/lb copper indicates a 10-year project with a manageable capital requirement of $221 million. Over the project life a total of 248.8 million pounds of copper and 1,017,000 ounces of gold are projected to be produced based on the PFS throughput assumptions.

Key Advantage: U.S. Gold Corp.’s Presence in Resource-Friendly Wyoming Helps Fast Track Permitting Where Other Companies Are Held Up with Red Tape

At this moment, the market looks at permitting as possibly the most critical issue facing the North American mining industry.

 

That’s because governments at both the federal and state level have made things extremely difficult for many exploration and development companies in the name of climate change.

 

As this issue has become politicized, it has adversely impacted the ability to mine metals within North America that are critically important for a normalized economy, pushing that exploration and mining offshore.

 

But not for U.S. Gold Corp. (Nasdaq: USAU)

 

What makes U.S. Gold Corp. unique is that its CK Gold Project sits on state ground in the state of Wyoming. This means that the company is only dealing with state agencies when it comes to permitting…not the federal government.

 

And the state of Wyoming is well-known as being exceptionally resource-friendly.

 

U.S. Gold Corp. is on track to receive its permitting in the first half of 2024 and is projected to begin feeding gold and copper into the markets from the site within the next 18 months.

U.S. Gold Corp.’s Keystone Project: Exploring the Next Major Gold District on the Cortez Trend, Nevada

U.S. Gold Corp.’s Keystone project is a potential Carlin-type gold deposit exploration project located on Nevada’s Cortez Trend, one of the world’s most prolific gold mining trends and home to some of North America’s largest mines.

The Keystone project is an under-explored, early-Tertiary (34.1+/-0.7 Ma), complex intrusive-centered, large gold-bearing hydrothermal system developed in domed permissive, lower-plate, carbonate host rocks. U.S. Gold Corp. has consolidated this entire prospective gold Cortez Trend district currently with 20 square miles of mineral rights control.

This is the first time in history of the district that both the entire district has been consolidated by one company, and is being evaluated by systematic, comprehensive, model-driven exploration.

 

U.S. Gold Corp.’s work to date on the project has illustrated many similarities between Keystone and some of the major mines on both the Cortez and Carlin Trends in Nevada – with evidence of similar stratigraphy, lithologic characteristics, structure, and alteration – factors important to the discovery of significant Carlin-type deposits.

 

  • The Cortez Trend is one of the world’s most productive trends, producing approximately one million ounces of gold per year.
  • The trend hosts numerous world class deposits, including NGM’s Pipeline (~21M oz gold), Cortez Hills (~15M oz gold) and Goldrush (~10M oz gold).
  • Significant discoveries are still being made on the Cortez Trend, such as Barrick’s Fourmile Project.
  • * The NNW-trending Sr .706 line likely represents a major crustal suture favorable for development of gold-bearing hydrothermal systems and deposits.
  • Keystone exhibits certain similarities to NGM’s deposits to the north, including host rock, stratigraphy, and an intrusive-centered dome.

Soaring Demand for Copper Could Prove to Be a Game-Changer for U.S. Gold Corp. (Nasdaq: USAU)

In August 2023, the U.S. Department of Energy officially added copper to its list of critical raw materials.

 

This designation reflects the growing importance of copper and the role it is playing in energy transition technologies.

 

With its addition to the critical minerals list, copper is now eligible for government subsidies under the Inflation Reduction Act (IRA), opening up a wide array of funding sources to promote new exploration and development for copper.

“The Next Big Bull Market Could Be Copper…Demand, Driven By Green Power, Looks Likely to Outstrip Supply Growth”
— Wall Street Journal[ii]

Here’s why this is a potential game-changer for U.S. Gold Corp. (Nasdaq: USAU):

 

Given the increasing demand for copper – as electric vehicles and solar panels each rely heavily on copper – the copper price is likely to remain high for the foreseeable future.

 

Most of the existing copper production within North America is nearing the end of its life cycle, making it more even more critically important that new sources of domestic copper production are brought online as soon as possible.

 

With an estimated 248 million pounds of copper in the ground at its CK Gold Project in Wyoming, U.S. Gold Corp. could see the value of its resource continue to rise.

 

And with a clear path to receiving its permitting at the project sometime in the first half of 2024, U.S. Gold Corp. could soon become one of just a limited number of options for U.S.-based copper production.

U.S. Gold Corp. is at the Trough of the Well-Known “Lassonde Curve” of Mining Stock Valuation

In terms of the window of opportunity to invest in U.S. Gold Corp. (Nasdaq: USAU) it’s important to know that the time to take action appears to be now.

 

Here’s why:

 

The company is right now at the trough of the well-known “Lassonde Curve” of a mining asset’s life cycle.

In looking at the diagram above, you can see the clear low point that exists at the “Feasibility Study” stage…

 

And that’s precisely where U.S. Gold Corp. is at the moment, representing a high-upside buying opportunity.

 

With the company’s Permit to Mine expected in the first half of 2024, as well as the release of a full feasibility study, the company would then be in position to secure project financing in the second half of 2024.

 

This would potentially allow for mine construction to begin before the end of 2024…with startup and commercial production commencing in late 2025 or 2026.

 

As this scenario unfolds – and as permit approval hits the headlines in 2024 – the company could become a serious takeover candidate.

 

In other words…a potentially brief window of opportunity to get into U.S. Gold Corp. (Nasdaq: USAU) is open right now.

U.S. Gold Corp.’s Management Team Has Several Decades of Proven, Mine-Building Experience

Now that the permitting appears to be just around the corner for the company’s CK Gold Project, the next important step will be getting a productive mine up and running.

 

Fortunately, the company is led by a team of experienced industry veterans with an outstanding track record of doing just that.

 

Many junior exploration companies that move into production often struggle because they are led by geologists or entrepreneurs with more experience in capital markets than in building a successful mining operation.

 

In the case of U.S. Gold Corp., however, the company is led by President and CEO George Bee, one of the most successful mine builders in all of North America.

 

The company’s leadership team includes:

gb1

George Bee – President & CEO, Director

 

Mr. Bee has managed multiple world-class mining projects in 8 countries for major and junior mining companies. He has taken several mines from development to production and recently was a Sr. VP for Barrick Gold. He also worked for Rio Tinto and Anglo American as well as several junior mining companies in his distinguished mining career.

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Luke Norman – Executive Chairman

 

Mr. Norman has 20 years of experience in Venture Capital Markets and has raised more than $300 million dollars for mining companies. He is also a Co-founder of U.S. Gold Corp.

fran

Kevin Francis – VP Exploration and Tech Services

 

Mr. Francis has held many senior roles in 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. 

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Robert Schafer – Director

 

Mr. Schafer is a geologist with over 35 years international experience exploring for and discovering mineral deposits. Past projects include four producing mines including the Briggs (over one million ounces) and Griffon gold mines in the Western United States and Birkachan (over one million ounces) gold mine in far east Russia.

7 Reasons Why You Should Strongly Consider U.S. Gold Corp. (Nasdaq: USAU) Today

1a

This $37 Million Market Cap Company Potentially Has $3 Billion Worth of Metal in the GroundU.S. Gold Corp.’s proven and probable reserve of 1.01 million ounces of gold – plus an additional 250 million pounds of copper – means the company is sitting on potentially over $2.04 Billion worth of gold and $1 Billion worth of copper at today’s prices. Given the speed at which the company is moving ahead to bring some of this gold to market, the window of opportunity to invest at the current lower price may close quickly.

2a

Bull Market for Gold Sends U.S. Gold Corp.’s Reserve Value Higher – After retreating in late September, the price of gold has resumed its path higher, moving past $2,000 per ounce. With ongoing inflationary concerns as well as geopolitical instability worldwide, we appear to still be in the early stages of a long-term bull market for gold. This continued high gold price is exceptionally good news for mining companies like U.S. Gold Corp, who will continue to see the value of their resources increase.

3a

U.S. Gold Corp. is Led by One of North America’s Most Experienced Mine Builders – President & CEO George Bee has taken several mines from development to production at companies like Barrick Gold, Rio Tinto and Anglo American. He leads a team of accomplished explorers and proven company builders at U.S. Gold Corp., who have made and financed the discovery and development of numerous world class gold assets.

4a

U.S. Gold Corp. Has a Diverse Portfolio off World-Class Projects – The company’s current mining projects – each in mining-friendly U.S. jurisdictions – offer significant resource potential. The company is moving quickly toward permitting in the first half of 2024 with its CK Gold Project in Wyoming, which will give it a critical advantage over its competitors. And its exploration projects in Nevada and Idaho each offer longer-term upside potential for the company.

5a

The CK Gold Project Offers Exposure to Compelling Value and Near-Term Production – The company’s flagship project in southeast Wyoming has been shown to have 1.44 million ounces of proven and probable gold equivalent reserves. This includes 1.01 million ounces of gold and 248 million pounds of copper. Given the current bull markets for gold and copper – plus the company’s anticipation of permitting approval in the first half of 2024 – the CK Gold Project right now appears to be one of North America’s most attractive gold and copper investment opportunities.

6a

U.S. Gold Corp. Offers Potential for Much-Needed Domestic Copper Supplies – 30% of U.S. Gold Corp.’s revenue currently comes from copper. With new electric vehicles requiring 40 pounds of copper per vehicle – and soaring demand for those vehicles worldwide – the value of the copper resource at the company’s properties has the potential to continue climbing significantly higher. In addition, copper’s elevation to “critical mineral” status in the U.S. means access to government incentives and potential fast-track permitting.

7a

The Company is Financially Well-Positioned to Move Forward Quickly – With $4.5 million in cash and zero debt on its balance sheet, U.S. Gold Corp. is in excellent shape to being moving toward opening its mine at the CK Gold Project in Wyoming. At the Wyoming site, all feasibility and environmental studies have already been paid for in previous financing rounds. This means the project has essentially been de-risked and the company is now in great position to move forward once final permitting is achieved.

[i] https://finance.yahoo.com/video/gold-hits-record-early-days-182141308.
html#:~:text=McGlone%20believes%20that%20gold%20purchasing,days
%20of%20a%20bull%20market.%22

[ii] https://www.wsj.com/articles/the-next-big-bull-market-could-be-
copper-a8390fd8

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