NASDAQ: USAU PROFILE

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OUR NEW PROFILE IS:   NASDAQ: USAU

CHECK OUT THE INVESTOR PRESENTATION HERE

U.S. Gold Corp. Inc.’s World-Class Assets Could Be An Explosive Play For Both Inflation and the EV Boom

Check out the Investor fact sheet HERE

The Top 5 Reasons to Consider U.S. Gold Corp.

Right Place, Right Time- Mounting Potential Catalysts Could Help USAU’s CK Gold Project Generate Millions
With Tesla Exceeding a $1 Trillion Market Cap,(35) The Global Copper Shortage and EV Boom May Have Created a Historic Opportunity for USAU
A Regional “Player to Watch”(20) Exploring Untapped Promise in the World’s 5th Largest Gold-Producing “Country”
U.S. Gold Corp. United States NASDAQ: (USAU) Has Staked Its Claim Where Nevada’s Gold Boom Started (23) Along With Another Project in Idaho
With 175+% Of Upside Potential (as of 3/9/22) According to Alliance Global Partners 28, U.S. Gold Corp.’s NASDAQ: (USAU) Stunning Breakout May Just Be Starting

The price of gold is soaring right now. It’s the only way to put it.

Much of this has come from one core idea: Trust in financial institutions and central banking has been waning.

This has created renewed support for tangible assets having value not based on government fiat.

“We have gold because we cannot trust governments,” President Herbert Hoover famously said in 1933 in his statement to Franklin D. Roosevelt. (1)

1933 was nearly a century ago, but with such uncertainty over the past few decades, it’s no surprise that traders have time and time again turned to safe-haven assets. CV19

Investopedia defines a “safe haven” as a type of investment that is expected to retain or increase in value during times of market turbulence. (2)

Remember the 2008 financial crisis? Beginning in 2007 and running through 2009, gold ran to unprecedented highs and surged hundreds of dollars in price. (3)

The price of 1 ounce of gold hit an all-time record of $1,895 on September 5, 2011, in response to worries that the United States would default on its debt. (3)

? It sent gold prices skyrocketing to over $2,000 an ounce in 2020. (3)

Now here we are in 2022 and uncertainty has become our daily lives.

As the Ukraine and Russia conflict intensifies, we’re seeing the price of gold on their own warpath.

And with no immediate end in sight and governments around the world scrambling for answers domestically and internationally, there might not be as good of a time to keep a close eye on gold and gold mining stocks.

Meet U.S. Gold Corp. United States NASDAQ: (USAU) and its historically promising projects. As USAU advances 4 high-potential projects: The Copper King (CK) Gold Project in Southeast Wyoming, Keystone on the Cortez Trend in North Central Nevada, Maggie Creek on the Carlin Trend in Nevada, and the Challis Gold Project located in Idaho, it could very well have a generational type of upside in this current environment. And based on 5 prime reasons, U.S. Gold Corp. United States NASDAQ: (USAU) could be the top junior mining play on the planet right now.

*****Breaking News*****

U.S. Gold Corp. Finds Further Evidence of High-Grade within the CK Gold Project Resource and Reserve Base – 10ft of 11.8 g/t Gold and 7.8% Copper (22.7 g/t AuEq)

The Company finds high-grade gold and copper while remaining on track to complete the next development steps for the CK Gold Project and submit Permit to Mine application to Wyoming DEQ mid-year 2022

Cites proven and probable reserves of 1 million ounces of gold and 248 million pounds of copper

CHEYENNE, Wyo., March 15, 2022 /PRNewswire/ — U.S. Gold Corp. (“U.S. Gold,” the “Company,” “we,” “our” or “us”) (NASDAQ: USAU) is pleased to provide an update following receipt of assay results for a portion of the drilling conducted during the 2021 field season. The Company continues to be encouraged by the positive results confirming its prefeasibility study, released December 1, 2021. This drilling informs the engineering work aimed at developing the CK Gold Project.

In commenting on this latest intercept, Kevin Francis, V.P. Exploration and Technical Services, of U.S. Gold Corp. said: “While we know that we have a high-grade zone starting at surface with minimal waste rock stripping required, we are encouraged by further evidence of higher grades than currently modeled. Hole CK21-01c drilled through the heart of the reserve was designed to intercept the proposed ultimate pit wall for geotechnical purposes. This area of the proposed pit is scheduled to be mined early in the mine life as outlined in the prefeasibility study, contributing to the very attractive production profile for the first three years of operation, averaging 135,300 gold equivalent ounces per year. While the hole pierced higher than average grades as estimated by the grade model, the actual grades intersected in CK21-01c are significantly higher. The grade block pierced by the 10-foot intercept of 11.8 g/t gold (0.344 oz/st) and 7.8% copper was estimated to contain 1.6 g/t gold and 0.3% copper. There is difficulty capturing extreme grades in a resource model due to geologic uncertainty at our nominal 150′ drill hole spacing. We are unlikely to pursue changes in our resource and reserve estimate for the project, but we believe it lends confidence in our estimates. . Historic mining at what was named Copper King in the 1920s also suggests that high-grade mineralization occurs because in those days constraints in technology made it simply uneconomic to mine the recently modelled average grade at the CK Gold Project. The project has significant leverage to rising metal prices and at recent $2,000/oz gold and $4.75/lb copper, the economics look extremely attractive.”

The sulfide rich interval is shown in the photograph below.

Chalcopyrite-rich, high-grade interval intercepted from 240’ to 250’ in core hole CK21-01c at US Gold’s CK Gold Project.

Chalcopyrite-rich, high-grade interval intercepted from 240’ to 250’ in core hole CK21-01c at US Gold’s CK Gold Project.

The following figures are cross sections through CK21-01c posted with the block grade estimates from the prefeasibility study estimation model. The drill holes’ gold and copper grades correlate well to the block model, however as discussed above it is difficult to capture local high-grade intercepts. The effect of capping assay grades prior to estimation has limited the impact of higher grades.

Cross Sections of gold g/t grade blocks (left) and copper % grade blocks (right) relative to core hole CK21-01c at the Company’s CK Gold Project.

Cross Sections of gold g/t grade blocks (left) and copper % grade blocks (right) relative to core hole CK21-01c at the Company’s CK Gold Project.

In terms of the geological setting, Francis went on to comment, “The deposit does not conveniently fit into one of the standard genetic models for gold and copper mineralization. With proven and probable reserves that currently stand at over 1 million ounces of gold and 248 million pounds of copper in a rising price environment, we believe that developing this U.S. domestic production will have widespread benefits. While we know that there are additional mineral resources both underlying and laterally contiguous to the modelled reserve, requiring further drilling definition, our focus is to realize the value of the commercially attractive gold-copper project identified in our prefeasibility study, published December 1, 2021.”

2021 Drilling Program Results

The Company is pleased to report initial results from 12 core and reverse circulation holes completed during the 2021 drilling program which was primarily focused on advancing geotechnical and hydrologic understanding. The plan map below shows the distribution of the reported holes relative to the proposed prefeasibility ultimate pit outline.

Plan map with reported drill holes, cross section line and proposed pit outline

Plan map with reported drill holes, cross section line and proposed pit outline

The table below reports significant intervals exceeding an 0.30 g/t AuEq cutoff. Mineralization continues to expand to the south of and at depth below the proposed pit.

Table of Intercepts for 2021 CK Gold Core-Reverse Circulation Drilling >0.300 g/t AuEq cut-off
Hole
No.
From
ft
To
ft
From
m
To
m
Length
ft
Length
m
Au
oz/st
Ag
oz/st
Cu
%
Au
g/t
Ag
g/t
AuEq
oz/st
AuEq
g/t
CK21-01c 0.0 635.0 0.0 193.5 635.0 193.5 0.034 0.045 0.427 1.174 1.546 0.052 1.776
including 56.0 312.0 17.1 95.1 256.0 78.0 0.056 0.066 0.701 1.932 2.265 0.085 2.917
including 240.0 250.0 73.2 76.2 10.0 3.0 0.344 0.580 7.800 11.775 19.850 0.662 22.680
CK21-09c 840.0 1115.0 256.0 339.9 275.0 83.8 0.019 0.021 0.230 0.667 0.707 0.029 0.989
CK21-11c 349.0 386.5 106.4 117.8 37.5 11.4 0.007 0.063 0.152 0.225 2.143 0.013 0.458
532.7 655.0 162.4 199.6 122.3 37.3 0.014 0.043 0.149 0.471 1.490 0.020 0.682
CK21-11c 792.0 1185.0 241.4 361.2 393.0 119.8 0.009 0.027 0.172 0.325 0.915 0.017 0.571
including 935.0 1120.0 285.0 341.4 185.0 56.4 0.011 0.029 0.204 0.363 0.994 0.019 0.654
CK21-07rc 500.0 510.0 152.4 155.4 10.0 3.0 0.096 0.016 0.065 3.300 0.555 0.099 3.395
765.0 970.0 233.2 295.7 205.0 62.5 0.005 0.033 0.160 0.156 1.134 0.011 0.387
CK21-10rc 0.0 1000.0 0.0 304.8 1000.0 304.8 0.015 0.025 0.201 0.501 0.841 0.023 0.785
including 0.0 230.0 0.0 70.1 230.0 70.1 0.013 0.017 0.194 0.443 0.576 0.021 0.715
including 275.0 630.0 83.8 192.0 355.0 108.2 0.017 0.025 0.242 0.575 0.845 0.027 0.916
including 660.0 825.0 201.2 251.5 165.0 50.3 0.021 0.045 0.275 0.707 1.528 0.032 1.101
including 900.0 1000.0 274.3 304.8 100.0 30.5 0.016 0.023 0.125 0.544 0.795 0.021 0.716
CK21-12rc 260.0 305.0 79.2 93.0 45.0 13.7 0.006 0.072 0.175 0.190 2.453 0.013 0.457
375.0 410.0 114.3 125.0 35.0 10.7 0.005 0.086 0.136 0.161 2.944 0.011 0.380
625.0 725.0 190.5 221.0 100.0 30.5 0.008 0.041 0.127 0.271 1.405 0.013 0.460
CK21-12rc 810.0 985.0 246.9 300.2 175.0 53.3 0.006 0.035 0.092 0.218 1.183 0.010 0.357
including 885.0 915.0 269.7 278.9 30.0 9.1 0.010 0.057 0.136 0.355 1.935 0.016 0.563
CK21-13rc 245.0 290.0 74.7 88.4 45.0 13.7 0.007 0.018 0.153 0.247 0.602 0.014 0.464
575.0 620.0 175.3 189.0 45.0 13.7 0.003 0.055 0.227 0.092 1.889 0.012 0.424
CK21-20rc 340.0 690.0 103.6 210.3 350.0 106.7 0.012 0.049 0.196 0.411 1.678 0.020 0.698
830.0 1370.0 253.0 417.6 540.0 164.6 0.011 0.030 0.224 0.393 1.026 0.021 0.711
CK21-21rc 0.0 635.0 0.0 193.5 635.0 193.5 0.012 0.037 0.318 0.406 1.257 0.025 0.855
including 230.0 280.0 70.1 85.3 50.0 15.2 0.041 0.084 0.974 1.404 2.861 0.974 2.770
including 430.0 480.0 131.1 146.3 50.0 15.2 0.020 0.047 0.563 0.687 1.604 0.043 1.476
685.0 725.0 208.8 221.0 40.0 12.2 0.006 0.021 0.161 0.208 0.704 0.013 0.437
CK21-22rc 240.0 370.0 73.2 112.8 130.0 39.6 0.007 0.028 0.308 0.256 0.954 0.020 0.689
400.0 500.0 121.9 152.4 100.0 30.5 0.006 0.017 0.156 0.207 0.585 0.012 0.428
CK21-23rc 580.0 805.0 176.8 245.4 225.0 68.6 0.007 0.031 0.115 0.232 1.073 0.012 0.401
1000.0 1040.0 304.8 317.0 40.0 12.2 0.007 0.037 0.136 0.236 1.269 0.013 0.437
CK21-23rcb 190.0 265.0 57.9 80.8 75.0 22.9 0.005 0.078 0.118 0.162 2.673 0.010 0.353
570.0 750.0 173.7 228.6 180.0 54.9 0.008 0.045 0.128 0.282 1.534 0.014 0.474

Cooperation with the University of Wyoming

U.S. Gold has agreed to fund the master’s degree of a University of Wyominggraduate student and contribute to the University’s Center for Economic Geology Research. The Company believes this contribution will lead to new insight into the deposit. A greater understanding will aid in maximizing the potential of our current resource and may identify additional opportunities within this historic mining district.

Quality Assurance/Quality Control (“QA/QC”) Procedure

U.S. Gold Corp. employs a rigorous QA/QC protocol on all aspects of sampling and analytical procedure. Drill core is checked, logged, marked for sampling and sawn in half. One-half of each drill core is maintained for future reference and the other half of each drill core is sent to ALS, an ISO 17025 accredited laboratory in Reno, Nevada to complete all sample preparation and assaying. Samples are analyzed employing fire assaying with atomic absorption finish for gold, and four-acid ICP-MS analysis for silver and copper. For QA/QC purposes, certified standards, blank samples and sample duplicates are inserted into the sample stream. U.S. Gold Corp. also periodically submits sample pulps to another independent laboratory for check analysis.

Note on Qualified Person

This news release has been reviewed by Kevin Francis, P Geo, SME Registered Member, Vice President of Exploration and Technical Services for U.S. Gold Corp. Acting within the scope of his expertise, Mr. Francis, as a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Commission and Canadian NI 43-101 reporting standards, has reviewed the information provided and finds it to be accurate and reflecting facts.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study (PFS) technical report, which was completed by Gustavson Associates, LLC. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho.

Reason #1 – Right Place, Right Time- Mounting Potential Catalysts Could Help USAU’s CK Gold Project Generate Millions

As USAU charges towards potentially becoming a household name among investors, it’s the company’s CK Gold Project that’s catching the ears and eyes of many. After all, one of Barrick Gold’s former top executives, George Bee, became CEO(8) of U.S. Gold Corp. United States NASDAQ: (USAU). The CK Gold Project was a significant reason why.
Bee said, “I took a look at the CK Gold Project, did my due diligence, and it has a lot going for it.”(9)
CK Gold could drive USAU to new heights for too many reasons to count. So let’s break down some of the top ones. For one, it could be a diamond in the rough and a ground floor play on inflation. Inflation is not transitory, as the Fed tried to tell us in April,(29) and could persist well into the new year. Not to mention, we’re in the midst of a supply chain crisis that’s only adding to this soaring inflation. According to Goldman Sachs, the supply chain crisis has gotten so bad that there is a traffic jam of roughly 77 ships with $24 billion worth of goods outside the Ports of Los Angeles and Long Beach. About 40% of U.S. imports enter through these ports.(30) Have fun paying for your kid’s Christmas presents this year. Until this gets fixed, inflation will not improve. Which means potentially big things for gold and USAU. The last time inflation got this bad was in 1971. Gold, at one point, nearly tripled in one day from $42 to $120, and we could be seeing the same type of conditions today.(31) Additionally, CK Gold is in an advantageous location in mineral-rich Wyoming. The importance of geographic location cannot be overstated. Wyoming is very friendly for the resource sector with less regulation and out of Federal jurisdiction. Meaning the project can get to production much faster.(9)
“There is a lot of infrastructure very close by, including a rail spur and a rail line 2.5 miles north of the project. The company can potentially ship diesel fuel in, shift concentrate out, and have a lot of future cost savings.” – Ed Karr, Founder.
The state sure seems excited by the prospects, too, with recent local news articles hyping up the company with such headlines as “Cheyenne May Soon Boast The Only Working Gold Mine In The State of Wyoming”(34) and “Potential Gold Copper Mine Could Generate Millions For State.”(34) If continued data collection bears out hopes, the CK Gold Project could produce tens of millions in revenue for the state. Jason Begger, the spokesperson for the CK Gold Project, claims that the project becomes more certain and confident with every bit of data collected.(33) The mine site is owned by the state and located in an old copper mine that hasn’t been worked on since before World War II. The gold deposit has been known to exist for a long time. Finally, new mining technology has reached a point where experts think it could be worth reopening. If the project continues to move forward at this pace, Begger said they estimate the financial boon to the state could be in the tens of millions.
“We have partnered with the University of Wyoming and their economic analysis division, and they’ll be completing an economic impact analysis of both tax revenue to the State of Wyoming, vendors, sales tax – the kind of broader impacts – so that is in the works,” he said.(33) “It’s a nice shot in the arm for the state of Wyoming,” he said.(33)
Perhaps, the most outstanding feature of the CK Gold Project is its simplicity. It’s an open-pit mine which means its copper and gold concentrates are at surface level.(9) This can make operations much more efficient and eco-friendly.(10) Additionally, the property has a meager stripping ratio. This translates to high productivity, low operating costs, and good safety conditions from a pure investment standpoint.(11)

So buckle up. USAU saw considerable activity at the CK Gold Project in recent months.

USAU announced a positive Pre-Feasibility Study (PFS) for the CK Gold Project on Dec 1, 2021. To put it mildly, it even exceeded the most potentially positive expectations. For example, see how Alliance Global Partners reacted in their Dec 2, 2021 report. In their view, the PFS outlined a robust project featuring “low-cost production of over 100,000 gold equivalent ounces per annum over a 10-year mine life.” 28

Alliance added that “given the project’s production profile of over 100,000 ounces of gold per year, strategic location in the United States, manageable CapEx, and accelerated permitting timeline, we view the CK Project as an attractive asset that warrants development.” 28

After all, the announcement did cause them to raise their price target for the company from $20 to $25.

Plus, USAU released this video on the heels of releasing its positive Pre-Feasibility Study:

Play Video
(Source 4)

With much of the heavy lifting related to Feasibility level work already completed, the project’s development may only accelerate from here.

Reason #2 – With Tesla Exceeding a $1 Trillion Market Cap,(35) The Global Copper Shortage and EV Boom May Have Created a Historic Opportunity

Let’s talk a bit about Tesla. On Oct 25, 2021, Hertz announced a record-setting order of 100,000 Teslas for its fleet, causing the stock to skyrocket over 12%, and send it to a $1 trillion+ market cap. Elon Musk’s EV giant not only became the 6th company in history to exceed the $1 trillion mark. It became the 2nd fastest ever to do so.(35)

Globally speaking, copper is strategically essential. Industries that produce solar panels, windmills, and electric vehicles are frantically looking for more and more supply.(5) But do you know what each brand new Tesla requires? Around 80 kg (176 lbs) of copper! (36)

The potential for copper makes US Gold Corp (NASDAQ:USAU) even more intriguing, outside of being a potential inflation hedge. While the CK Project is estimated to hold nearly 700,000 ounces of gold awaiting extraction, the company estimates the mine has a mind-blowing 230 million pounds of copper.(33) Other estimates show that the CK mine may hold enough copper to build about a million electric vehicles.(26)

Another significant catalyst to consider is its location. It’s located roughly 2 miles north of a central East-West Union Pacific rail line, giving it potentially easy rail access to Tesla’s Nevada Gigafactory.(37)

To possibly be THE copper supplier for the world’s latest $1 trillion giant could be game-changing. It’s not just Tesla, though, that could cause this property to see a surge in copper demand. Traditional automakers like General Motors Co. and Ford are going electric, which means a supply boom is expected, causing copper demand to soar.(37) This could be American copper from a future American mine, creating American jobs. CK spokesman, Jason Begger, was also sure to point out that as Wyoming and the country embrace new technologies like EVs, manufacturers will require a lot of copper – copper the CK Gold Project could produce.(33) Begger also added that the project is roughly a 10-year operation.(33)

Meanwhile, to add to the theme of sustainability, the CK Gold Project should run far cleaner. The company does not intend to use hazardous chemicals; there’s no refinery or air-polluting smokestack. In fact, the hole in the ground can potentially be used for water storage for the city of Cheyenne.(9)

There could even be other deals for the waste rock, adding even more revenue potential and reducing environmental impact.(9) Another significant usage of copper is wind turbines. Wyoming for decades profited from the coal mining industry but is now one of the states leading the way in the future of clean energy. Wyoming is the largest exporter of energy in the United States and ranks first in land-based class 6 and 7 wind turbine sites.(37)

Trafigura Group believes copper could hit $15,000 a ton over the next decade, according to Bloomberg.(6)

After all, “You can’t move to a green economic environment and not have the copper price moving significantly higher,” says Kostas Bintas, a trader at Trafigura. “How can you have one without the other?”(7)

You can see more about the CK Gold Project below. (It’s quite eye-opening!)

Reason #3 – A Regional “Player to Watch”(20) Exploring Untapped Promise in the World’s 5th Largest Gold-Producing “Country”(17)

Its Wyoming operations with the CK Project are its bread and butter. Yet USAU is also exploring a project with untapped potential in Nevada, aka the 5th largest gold-producing “country” in the world.(17)

In fact, in 2017 alone, Nevada claimed to have seen roughly 5.6 million oz. of gold produced, accounting for approximately 75% of American gold production.(18)

Historically, the region has also produced approximately 225 million oz. of gold. Thanks to Nevada’s pro-mining environment, geopolitical stability, and high-quality infrastructure, this could be yet another bullish catalyst for U.S. Gold.(19)

After all, INN Gold Investing News recently deemed U.S. Gold Corp. United States NASDAQ: (USAU) a regional “player to watch.”(20) U.S. Gold Corp. is currently exploring for gold in the Keystone project in the heart of the Cortez Gold Trend. It’s also about 10 miles south of Barrick’s Cortez Hills Mine Complex.

Even more impressive, the trend appears to host numerous deposits:(21)
In May 2021, the company received confirmation from the Bureau of Land Management (BLM) that it accepted additional bonding for a further 50 acres of disturbance under its effective Plan of Operations. As a result, the company announced an update for its potential 2021 summer exploration program at its 20-square-mile Keystone project, located in Nevada’s Cortez Trend.(22) Ken Coleman, U.S. Gold Corp.’s Chief Geologist, stated:

“All of us were encouraged with our previous drilling results and feel strongly that additional exploration efforts are warranted in select target areas. Extensive ongoing analysis has brought us to this point, and we are excited to continue to test Keystone’s potential. Encountering the strongest, thickest gold mineralization, in the Nina Skarn target, has demonstrated the presence of a strong, gold-bearing Eocene magmatic-hydrothermal system at Keystone.”(22)

Reason #4 – Beyond Cortez Trend, U.S. Gold Corp. United States Has Staked Its Claim Where Nevada’s Gold Boom Started(23) Along With Another Project in Idaho

U.S. Gold Corp. (United States NASDAQ: (USAU) is also exploring Maggie Creek. Maggie Creek, a project located on the Carlin Trend- another one of the world’s most highly prospective mineral trends. Maggie Creek is located roughly 10 miles northeast of Newmont Mining’s Gold Quarry Mine.

Additionally, there could be nearly three square miles of unpatented mining claims on this potentially gold-rich project (26 M oz Au).(21)

Furthermore, back in June, U.S. Gold Corp. announced the successful completion of 2021 Drilling at Maggie Creek. U.S. Gold Corp. drilled 4,440 feet (approx. 1,353 meters) in 2 holes. Drilling successfully identified targeted structure, host stratigraphy, and Carlin-style alteration at similar depths to current mining operations along the Carlin Gold Belt.(39) Most of all, the strength of alteration and anomalous geochemistry warrant potential additional exploration.(39)

In addition to Maggie Creek, U.S. Gold Corp. boasts the Challis Gold Project, another project with significant upside exploration potential. It’s located about 75 km southwest of Salmon, ID, and 20 km southwest of Revival Gold’s Beartrack Project in the Tertiary Challis Volcanic Field. The project is also located close to the Stibnite Au project, Bear Track Au project, Delamar Ag-Au mine, Coeur d’Alene Ag- Zn-Pb mines, Black Pine Au mine, and Thompson Creek Mo mine.(25) Ken Coleman, U.S. Gold Corp.’s Chief Geologist, added:

“There are several opportunities at Challis, including further exploration of cobalt-copper showings on the project and developing a better structural picture of low-strip-ratio existing gold resources with upside expansion potential. Challis has an historic (not-current) NI 43-101 geological report showing a 313,825-ounce gold inferred mineral resource at a grade of 1.22 grams per ton. Our whole team believes that with additional exploration, Challis has the potential to become a significant resource.”(24)

Reason #5 – With 175+% Of Upside Potential (as of 3/9/22) According to Alliance Global Partners 28, U.S. Gold Corp.’s Stunning Breakout May Just Be Starting

Reflecting how explosive junior miners can perform relative to physical commodities, the USAU stock has been no exception. After touching a low of $6.16 on Feb 15, 2022, the stock has seen a strong uptrend, advancing to a $9.79 high on Mar 8, 2022..
Physical gold’s performance since the beginning of February could signal a strong correlation.

The Key Takeaway:

USAU is one to watch closely. Gold prices may only be heating up. Its gold mining prospects are excellent inflation hedges, with transformative upside potential. No signs are in place that inflation could get better well into 2022. In a note to clients, Ian Shepherdson, chief economist at Pantheon Macroeconomics, reflected this and said, “A quick resolution, either way, is very unlikely. Uncertainty will persist for some time.”(47)

Its copper prospects are also perfect for the EV boom and push for a cleaner, sustainable world. Tesla just reached a $1 trillion market cap,(35) and its CK Project could be 2 miles north of a central East-West Union Pacific rail line, giving it potentially quick and easy rail access to Tesla’s Nevada Gigafactory.(37)

Couple that with a strong, experienced, and high-quality team running the company, and you have all the ingredients of a big-time winner in the near term and long term. H.C. Wainwright gave USAU a $16.00 price target for a reason.(28)

With over 50% of upside potential from its Mar 9, 2022 close of $9.00 based on this target, along with the rally it’s seen since the beginning of February, watch out. Very few companies are at the right place at the right time from numerous angles like this one.

 

NEWS

MANAGEMENT

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George Bee

PRESIDENT, CEO AND CHAIRMAN

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.

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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.

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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.

Sincerely,

DISCLAIMER

Source 1: https://www.investopedia.com/ask/answers/09/gold-standard.asp
Source 2: https://www.investopedia.com/terms/s/safe-haven.asp
Source 3: https://goldprice.org/spot-gold.htm
Source 4: https://d1io3yog0oux5.cloudfront.net/usgoldcorp/files/video/U.S.+Gold+Corp.+I+CK+Gold+Project.mp4
Source 5: https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html
Source 6: https://www.visualcapitalist.com/why-gold-mining-stocks-outperform-gold-bull-markets/
Source 7: https://sprott.com/insights/sprott-gold-report-gold-the-simple-math/#
Source 8: https://www.prnewswire.com/news-releases/us-gold-corp-announces-the-appointment-of-senior-mining-industry-executive-mr-george-bee-as-president-301111513.html
Source 9: https://youtu.be/QO1d5tUdE5Q
Source 10: https://sciencing.com/open-pit-mining-pros-cons-12083240.html
Source 11: https://www.intechopen.com/chapters/71931
Source 12: https://finance.yahoo.com/news/healthy-correction-bear-market-silver-141406103.html
Source 13: https://www.barchart.com/stocks/quotes/USAU/performance
Source 14: https://www.investing.com/equities/dataram-corp-technical
Source 15: https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/
Source 16: https://www.barchart.com/etfs-funds/quotes/GDXJ/performance

Source 17: https://www.reviewjournal.com/business/2-new-major-finds-may-extend-nevadas-gold-boom-for-years-1972010/
Source 18: https://www.usgoldcorp.gold/properties/challis-gold/overview
Source 19: https://goldbull.ca/big-balds/
Source 20: https://investingnews.com/innspired/cortez-trend-nevada/
Source 21: https://d1io3yog0oux5.cloudfront.net/_99cb187746de0507d7057beee5eadd57/usgoldcorp/db/280/795/pdf/USAU+Corporate+Presentation+May+2021.pdf
Source 22: https://www.usgoldcorp.gold/news-media/press-releases/detail/125/u-s-gold-corp-receives-bureau-of-land-management-approval Source 23: https://www.mining-technology.com/projects/carlin/
Source 24: https://www.prnewswire.com/news-releases/us-gold-corp-highlights-progress-on-challis-gold-project-as-it-moves-toward-plan-of-operations-301299634.html
Source 25: https://www.usgoldcorp.gold/properties/challis-gold/overview
Source 26: https://finance.yahoo.com/news/u-gold-corp-amplifies-potential-130919049.html
Source 27: https://www.foxbusiness.com/economy/yellen-says-americans-havent-experienced-current-inflation-rate-in-a-long-time
Source 28: https://d1io3yog0oux5.cloudfront.net/_f5ca51969ee43abae80b0d958cd37587/usgoldcorp/db/280/795/pdf/USAU+Corporate+Presentation+Oct+2021.pdf
Source 29: https://bit.ly/3mlsA0o
Source 30: https://www.cnbc.com/2021/10/25/economists-expect-shipping-problems-to-linger-well-into-2022.html
Source 31: https://www.thebalance.com/gold-prices-and-the-u-s-economy-3305656

Source 32: https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=0&dy=15&id=p23897033209&a=1042871741&listNum=3
Source 33: https://county17.com/2021/10/14/tcs-cheyenne-gold-mine/
Source 34: https://www.wyomingnews.com/news/local_news/potential-gold-copper-mine-could-generate-millions-for-state/article_5ff26327-d9f5-5af0-8762-a26fed274d66.html
Source 35: https://www.cnn.com/2021/10/25/investing/tesla-stock-trillion-dollar-market-cap/index.html
Source 36: https://alphaomegarecycling.com/electric-cars-role-may-increase-demand-base-metals/#:~:text=A%20fully%20electric%20car%20uses,upside%20in%20other%20green%20technologies.
Source 37: https://www.yahoo.com/now/u-gold-corp-amplifies-potential-130919049.html
Source 38: https://www.usgoldcorp.gold/news-media/press-releases/detail/137/u-s-gold-corp-outlines-2021-field-season-activities-and
Source 39: https://www.usgoldcorp.gold/news-media/press-releases/detail/129/u-s-gold-corp-successfully-completes-2021-drilling-at
Source 40: https://schrts.co/ApjTJDre
Source 41: https://schrts.co/eManmckD
Source 42: https://schrts.co/niFycXVH
Source 43: https://schrts.co/urgMpVjn
Source 44: https://www.barchart.com/stocks/quotes/usau/opinion
Source 45: https://money.com/gold-vs-gold-miner-stocks/
Source 46: https://www.foxbusiness.com/economy/producer-inflation-set-record-for-sixth-straight-month
Source 47: https://www.etftrends.com/gold-silver-investing-channel/gold-hits-1800-as-yields-take-a-dip/

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