US Gold Corp (NASDAQ:USAU) - Advancing the CK Gold Project Towards Production

Interview with George Bee, President & CEO of US Gold Corp Recording date: 14th September 2023 US Gold Corp is advancing the CK Gold Project towards production in southeast Wyoming. In this interview at the 2023 Beaver Creek Precious Metals Summit, CEO George Bee provides an update on the progress and next steps for the project. Three years ago, US Gold pivoted from pure exploration to project development, focusing efforts on the CK Gold Project. CK Gold will be a shovel-ready project with an 8-year initial mine life producing 100,000 ounces of gold equivalent per year. The CEO states the project has robust economics even with inflation, maintaining an $800 per oz AISC based on $1625/oz gold and $3.25/lb copper. The company has been prudent with expenditures, recently raising $5 million to fund critical work. This includes finalizing permits and feasibility study ahead of project financing. Permitting through the state of Wyoming is at an advanced stage and will be a key derisking milestone. The feasibility study engineering is complete, with final equipment pricing needed to finish the report. US Gold believes CK Gold requires around $250 million in initial capital to construct. While not large enough to attract majors, it can appeal to mid-tier miners looking to add production in a stable jurisdiction like Wyoming. The company is also exploring creative financing options like equipment leasing and state subsidies to minimize equity needs. The CEO explains how three years ago the company was spread thin trying to explore multiple early-stage assets. By focusing efforts on CK Gold, they have been able to systematically derisk the project while conserving cash. The company still has prospective exploration ground in Nevada and Idaho that can be revisited when markets improve. Given weak market conditions, the company is currently undervalued trading around a $35 million market cap. However, the CEO stresses they are in a comfortable position financially and don't need to raise capital at depressed valuations. With permit approval and feasibility study imminent, CK Gold is poised to attract project financing to start construction when ready. US Gold Corp has leveraged its technical experience to advance CK Gold towards near-term production. The Project demonstrates robust economics even at today's inflationary costs. With permitting and feasibility study on the horizon, CK Gold is advancing rapidly towards a construction decision. The company remains well-funded through this critical phase, and with additional exploration upside, US Gold warrants a closer look by investors seeking emerging US gold production stories. — View US Gold Corp's Company Profile: https://www.cruxinvestor.com/companies/us-gold-corp Sign up for Crux Investor: https://cruxinvestor.com