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US Gold ( (USAU) ) has provided an update.
On May 9, 2025, U.S. Gold Corp. announced that it had benefited from the exercise of 1,864,668 warrants since January 31, 2025, generating approximately $7.3 million in gross proceeds. This exercise reduced the outstanding warrants by about 39%, leaving 2,923,444 warrants remaining. The additional funds will support the company’s planned activities, including completing a Feasibility Study and advancing its CK Gold Project in Southeast Wyoming. The cash infusion also provides opportunities to further develop the Keystone exploration property in Nevada and the Challis Gold Project in Idaho, enhancing U.S. Gold Corp.’s operational capabilities and market positioning.
More about US Gold
U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development in the United States. It has a portfolio of exploration properties, including the CK Gold Project in Southeast Wyoming, the Keystone exploration property on the Cortez Trend in Nevada, and the Challis Gold Project in Idaho.
Average Trading Volume: 341,025
Technical Sentiment Signal: Buy
Current Market Cap: $133.9M
For a thorough assessment of USAU stock, go to TipRanks’ Stock Analysis page.