ELKO, Nev., Oct. 13, 2020 /PRNewswire/ -- U.S. Gold Corp.
(NASDAQ: USAU) (the "Company"), a gold exploration and development
company, today announced that it has issued a letter to its
shareholders outlining the Company's recent and expected
milestones, as it continues to advance its assets and projects.
Recent Company highlights include:
- Acquisition of Northern Panther Resource Corporation, which
provided USAU with the Challis Gold Project in Idaho, additional capital and some key
industry shareholders
- Strengthening of the management team with the appointments of
George Bee as President and
Eric Alexander as CFO
- Commencement of the CK Gold Project Pre-Feasibility Study
"This year has been anything but normal with the ongoing
upheavals caused by the COVID-19 pandemic, but I'm proud that U.S.
Gold Corp. has continued to push forward and advance our portfolio
like the CK Gold Project and grow our business with the acquisition
of Northern Panther," stated Edward
Karr, CEO of U.S. Gold Corp. "With the consistent strength
of the gold market through turbulent times, I'm excited for what
the coming months and years hold for our Company, and look forward
to speaking with shareholders further at our annual general meeting
in November."
A copy of the letter is available on our website at:
www.usgoldcorp.gold/Oct2020-SH-Letter
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. Copper King, now the CK Gold
Project, is located in Southeast
Wyoming and has a Preliminary Economic Assessment (PEA)
technical report, which was completed by Mine Development
Associates. Keystone and Maggie
Creek are exploration properties on the Cortez and Carlin
Trends in Nevada. The Challis Gold Project is located in
Idaho. For more information about U.S. Gold Corp., please
visit www.usgoldcorp.gold
Safe Harbor
Certain statements in this press release are forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may be identified by the use of
forward-looking words such as "anticipate," "believe," "forecast,"
"estimated," and "intend," among others. These forward-looking
statements are based on U.S. Gold Corp.'s current expectations, and
actual results could differ materially from such statements. There
are a number of factors that could cause actual events to differ
materially from those indicated by such forward-looking statements.
These factors include, but are not limited to, risks arising from:
the prevailing market conditions for metal prices and mining
industry cost inputs, environmental and regulatory risks, risks
faced by junior companies generally engaged in exploration
activities, whether U.S. Gold Corp. will be able to raise
sufficient capital to implement future exploration programs,
COVID-19 uncertainties, and other factors described in the
Company's most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K filed with the
Securities and Exchange Commission, which can be reviewed at
www.sec.gov. The Company has based these forward-looking statements
on its current expectations and assumptions about future events.
While management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory, and other risks, contingencies,
and uncertainties, most of which are difficult to predict and many
of which are beyond the Company's control. The Company makes no
representation or warranty that the information contained herein is
complete and accurate and we have no duty to correct or update any
information contained herein.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold