U.S. Gold Corp. (USAU) Investor presentation summary

Strategic positioning and asset portfolio

• Holds a world-class portfolio in stable U.S. jurisdictions, combining near-term gold-copper production potential with significant exploration upside in Wyoming, Nevada, and Idaho.

• CK Gold Project in Wyoming is advancing toward construction with all major permits secured and offers compelling value due to its advantageous location and low-risk profile.

• Keystone Project in Nevada is a district-scale exploration play on the prolific Cortez Trend, with multiple high-priority targets and similarities to major gold deposits.

• Challis Gold Project in Idaho provides additional exploration potential in a historic mining district.

• Minimal share count (16.5M), NASDAQ listing, and significant insider holdings support strong capital structure.

CK Gold Project feasibility and economics

• March 2026 Feasibility Study shows after-tax NPV (5%) of $632M, 11-year mine life, and average annual production of 85,000 AuEq oz at $1,785 AISC/oz.

• Proven and probable reserves: 1.02M oz gold, 260M lbs copper, 3M oz silver; resource expansion potential remains high.

• Initial capex is $394M, with a payback period of 2.5 years at base case prices ($3,250/oz Au, $4.50/lb Cu, $40/oz Ag).

• Project optimizations include advanced flotation technology, smaller plant footprint, and enhanced gold/copper recovery.

• Aggregate and rail ballast sales offer additional revenue streams and royalty payments to Wyoming.

Permitting, social, and environmental initiatives

• All major permits obtained, including mine operating, water discharge, reclamation bond, and air quality; no federal involvement.

• Over 200 outreach meetings with stakeholders; project designed to minimize water use and environmental impact.

• Closure plan envisions partial pit backfill, land restoration, and potential conversion of the pit to a water reservoir for Cheyenne.

• Project expected to create 255 direct jobs and diversify Wyoming’s mineral tax base.

• ESG initiatives include a commitment to low carbon footprint, water conservation, and annual ESG reviews (Digbee 'A' rating).