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 fully permitted, advancing toward construction, and offers compelling value with approved development and operating permits.

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

• Challis Gold Project in Idaho is located in a prolific mining district with a historical resource and approved plan of operations.

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

CK Gold Project highlights and economics

• March 2026 Feasibility Study shows 1.02M oz gold, 260M lbs copper, and 3M oz silver in proven and probable reserves.

• After-tax NPV (5%) of $632M and IRR of 27% at $3,250/oz gold price; 11-year mine life with 20 Ktpd process rate.

• Initial capital expenditure of $394M, with average annual gold equivalent production of 85,000 oz and AISC of $1,785/oz.

• Project optimizations include Jameson cell flotation, smaller plant footprint, and increased metal price assumptions.

• Engineering and site plan feature advanced processing, dry-stack tailings, and proximity to infrastructure and labor.

Permitting, social, and environmental initiatives

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

• Over 200 meetings with stakeholders and continuous social outreach; project footprint avoids U.S. waters.

• Mine closure plan approved, with partial pit backfill and potential for post-mining water storage for Cheyenne.

• Project expected to create 255 direct jobs and additional indirect employment, with royalties supporting Wyoming education.

• ESG initiatives include dry-stack tailings, water conservation, Digbee ESG certification, and commitment to annual ESG review.