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

Strategic positioning and asset portfolio

• Holds a world-class portfolio in stable, mining-friendly U.S. jurisdictions, offering near-term gold-copper production and significant exploration upside.

• CK Gold Project in Wyoming is fully permitted, advancing toward construction, and offers compelling value with low risk.

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

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

• Minimal share count (~16.5M), NASDAQ-listed, with large insider holdings.

Financial highlights and capital structure

• 52-week stock range: $10.09–$23.75; market capitalization at $266.7M as of June 2026.

• Recent financings include $31.2M private placement (Dec 2025), $10.2M registered direct offering (Dec 2025), and $4.9M offering (Apr 2024).

• 16,526,163 common shares outstanding, 3,165,581 warrants, and 548,056 options as of June 1, 2026.

• Cash position of $36.1M as of January 31, 2026.

CK Gold Project feasibility and economics

• March 2026 Feasibility Study: 1.598M AuEq reserves (1.015 Moz gold, 260M lbs copper, 3 Moz silver).

• After-tax NPV (5%) of $632M, IRR of 27%, 2.5-year payback at $3,250/oz gold price.

• 11-year mine life, 20 Ktpd process rate, AISC of $1,785/oz AuEq, initial capex $394M.

• Project optimizations include Jameson cell flotation, smaller plant footprint, and vacuum filtration of tailings.

• Potential for significant upside from aggregate and rail ballast sales.