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US Gold Raises $31 Million in Private Placement

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US Gold Raises $31 Million in Private Placement

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The latest update is out from US Gold ( (USAU) ).

On December 23, 2025, U.S. Gold Corp. closed a $31.2 million non-brokered private placement, issuing 1,922,159 common shares at $16.25 each and two-year warrants to purchase 961,077 additional shares at $23.00, priced at a modest discount to the prevailing market and near recent VWAP levels. The financing, which brought in new institutional investors such as Franklin Templeton Investments, Mackenzie Investments and Libra Advisors, strengthens the company’s balance sheet and is earmarked for initial development costs at the CK Gold Project in Wyoming, potential land acquisitions, further exploration across its property portfolio and general working capital, underscoring U.S. Gold’s efforts to advance its U.S.-based gold and copper assets.

The most recent analyst rating on (USAU) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on US Gold stock, see the USAU Stock Forecast page.

More about US Gold

U.S. Gold Corp. is a publicly traded U.S.-focused gold and copper exploration and development company with a portfolio of exploration properties. Its flagship CK Gold Project in southeast Wyoming has a completed Preliminary Feasibility Study, while additional projects include the Keystone exploration property on Nevada’s Cortez Trend and the Challis Gold Project in Idaho.

Average Trading Volume: 307,498

Technical Sentiment Signal: Buy

Current Market Cap: $271.5M

See more insights into USAU stock on TipRanks’ Stock Analysis page.

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