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U.S. Gold Corp. Explores Value Enhancement Opportunities

U.S. Gold Corp. (NASDAQ: USAU) has recently published a strategic update highlighting compelling opportunities to enhance the value of its CK Gold Project located in southeast Wyoming. Announced on April 1, 2026, these new avenues for growth come on the heels of a Feasibility Study (FS) released the day prior, which established a promising development case with a post-tax net present value (NPV) rate of 5% pegged at $632 million using base metal prices.

According to the study, the feasibility projections could skyrocket to an NPV of $1.30 billion under recent spot metal prices, reflecting a burgeoning economic landscape for the project. Importantly, the identified value initiatives are not crucial to making the final construction decision, anticipated to be taken in the current year. US Gold management is confident that the current mine plan has significant upside potential, through various initiatives being explored.

Key Opportunities to Boost Value

The management is currently evaluating several key areas, all aimed at not only stabilizing but significantly enhancing the production capabilities and lifecycle of the CK Gold Project:

1. Mine Life and Production Expansion

US Gold Corp. is looking into strategies to incorporate additional Measured and Indicated resources through future pit expansion, thereby extending the mine life and increasing overall production potential. Currently, the feasibility study does not account for approximately 900,000 ounces of AuEq mineral resources lying within the mining area's constraints but above the defined production schedule.

2. Resource Growth and Conversion

The company plans to pursue conversion of inferred materials, alongside step-out drilling targeting depth and lateral extensions. This could lead to more substantial discoveries, reiterating the potential for resource growth in the sprawling mineralized zone surrounding CK.

3. Improved Metallurgical Recovery

Another significant aspect of the current assessment is enhancing gold recovery rates from approximately 70% to a remarkable 95%, through refined processing techniques. Such advancements could yield an additional 250,000 ounces of gold from the existing mining plan and potentially increase the output from expanded pit operations.

4. Aggregate and Rail Ballast Business Monetization

US Gold aims to monetize the granodiorite waste rock generated during mining operations as a long-term revenue avenue. With local demand and current pricing indicating a lucrative market, there exists an estimated potential of 40 million tons earmarked for aggregate and ballast feedstock.

5. Closure Optimization Strategies

The company is also exploring various closure strategies, which could enhance regional infrastructure by leveraging the open pit of the mine for communal water storage. This presents an innovative long-term use case for the site, creating beneficial synergies between mining operations and local governmental structures.

US Gold Corp.'s Chairman, Luke Norman, emphasized the pivotal role of these findings, stating, "The Feasibility Study confirms CK as a fully permitted, construction-ready gold-copper project with robust economics, especially at current metal prices. Importantly, it also represents only the starting point of value at CK."

Future Steps for U.S. Gold Corp.

With the completion of permitting and a thorough understanding of the project's potential, U.S. Gold Corp. is setting forth a clear action plan:

• - Finalization of project financing to kickstart the CK Gold Project's development.
• - Determining the full extent of the projected bluesky upside supported by a comprehensive drill plan.
• - Exploring effective methodologies for increasing gold recoveries.
• - Collaboration with potential partners to capitalize on aggregate monetization opportunities.

U.S. Gold Corp.'s forward-looking approach positions the CK Gold Project as a significant player in the gold and copper exploration domain, with room for expansion beyond initial estimates. This dynamic trajectory promises to align stakeholder interests with the long-term growth patterns of the local economy in Wyoming, ensuring sustainable benefits for surrounding communities as well.