U.S. Gold Corp. ("U.S. Gold", the "Company," "we" or "our") (NASDAQ:USAU), a gold exploration and development company, today issued a letter to its shareholders outlining its recent and expected milestones, as it continues to advance its assets and projects (the "Shareholder Letter").
Operational and strategic highlights in the Shareholder Letter include U.S. Gold Corp.'s:
- September 2022 submission of Permit to Mine Application and Reclamation Plan to Wyoming Department of Environmental Quality (WDEQ)
- November 2022 sale of Maggie Creek to Barrick & Newmont's Nevada Gold Mines JV (NGM)
- Plan to apply in the first quarter of 2023 for a mining permit for its flagship CK Gold Project with the Wyoming Industrial Siting Commission
- Continued systematic exploration investigations at its highly prospective Keystone Project
- Strategy for permitting a Plan of Operations to explore its historically prospective Challis Gold Project
- Asset's value and their leverage to current and higher metals' prices
- Thesis for its favorable outlook for 2023 gold and copper market dynamics and prices
"Although 2022 was a difficult and turbulent year for most asset classes, gold held up remarkably well," said Luke Norman, Chairman of U.S. Gold's Board of Directors. "We are excited and energized by the promise this year holds for our Company. We enter 2023 with strong marketplace tailwinds, prudent financial and operational management, and conservatively valued assets in highly ranked mining jurisdictions with excellent potential for out-sized success in 2023 and beyond."
A copy of the Shareholder Letter is available on the Company's corporate website.