U.S. Gold Corp. (NASDAQ: USAU)

U. S. Gold Corp. is a gold and precious metals exploration company focused on the exploration and development of mineral properties. It holds mining leases and mineral rights for the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho. The company has established proven and probable mineral reserves at the CK Gold Project under SK 1300 and is conducting predevelopment activities there while its other properties remain in the exploratory stage. During the three month period ended January 31 2026 it continued engineering studies toward the completion of a feasibility study for the CK Gold Project and enhanced its understanding of the Keystone Project deposit in Nevada. In November 2025 the company entered into an agreement to acquire a ten acre parcel of land to support the 2026 development of the CK Gold Project and the transaction was completed in January 2026. In December 2025 it closed a private placement of 1,922,159 shares at $16.25 per share and warrants to purchase 961,079 shares at $23.00 per share resulting in gross proceeds of approximately $31.2 million. As of January 31 2026 the company reported cash of approximately $36,088,000 and working capital of approximately $35,398,000.

U. S. Gold Corp. is a development stage company with no current operations and did not generate any revenue for the three month and nine month periods ended January 31 2026 and 2025. Anticipated future revenue will derive from the sale of gold and other precious metals produced from its projects once they reach production status. The company’s primary source of operating funds since inception has been equity financings and it expects to have sufficient cash to cover corporate activities general and administrative costs and ongoing permitting and engineering studies for the next twelve months. However to advance any project beyond these near term objectives additional capital will be required. For the nine month period ended January 31 2026 operating expenses were approximately $13,540,000 and the net loss was approximately $11,844,000.

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U. S. Gold Corp. operates in the competitive gold exploration and mining industry alongside large producers and junior explorers. Its competitive advantages include the established mineral reserve estimate at the CK Gold Project, a diversified property portfolio across three states, and the strengthened balance sheet from recent financing. The company has also benefited from increased investor relations activity and participation in multiple mining investment conferences which have raised its profile among potential partners and capital providers. These factors position U. S. Gold Corp. to move its projects toward production while many peers remain earlier in the exploration cycle. As of the same date the accumulated deficit stood at approximately $105,251,000 reflecting its development stage nature.

As a prerevenue exploration company U. S. Gold Corp. does not serve customers at present. Its future customers would include refiners, traders, and investors in the gold market once it produces metal. The company maintains an active investor relations program to keep shareholders and the broader investment community informed about its progress and milestones. The company regularly attends mining investment conferences to engage with potential investors and partners.