#USA #CK Gold Project #Cheyenne #U.S. Gold Corp. #Cheyenne Light

U.S. Gold Corp. Partners with Cheyenne Light for CK Gold Project

U.S. Gold Corp. (Nasdaq: USAU) has taken a significant step towards the development of its CK Gold Project in southeast Wyoming by signing an engineering and procurement contract with Cheyenne Light, Fuel and Power Company (CLFP), a subsidiary of Black Hills Corp. This landmark agreement is crucial for the project's infrastructure, specifically for powering essential operations.

Project Overview

The CK Gold Project is positioned to play a critical role in U.S. Gold Corp.'s portfolio, focusing on gold and copper exploration and development. The project, which has been under detailed evaluation, possesses a promising Preliminary Feasibility Study conducted by Samuel Engineering Inc. This study has laid a solid foundation for the company's future endeavors in the region.

The recently executed contract signals the start of crucial planning and engineering work needed to support the project's energy requirements. U.S. Gold Corp.'s wholly-owned subsidiary, Gold King Corp., is leading this initiative, highlighting the company's commitment to establishing dependable power solutions for the project.

Power Supply and Engineering Scope

The CK Gold Project will require an estimated 30 megawatts of power, which will be supplied by CLFP's electric power system. As shared by Mr. Kevin Francis, Vice President of Exploration Technical Services at U.S. Gold Corp., the engineering support from CLFP is expected to significantly enhance the project's development.

The scope of the engineering and procurement activities outlined in the contract includes:

• - Development of general arrangement drawings
• - Substation design
• - Comprehensive project schedule and budget formulation
• - Land rights management, along with environmental and permitting processes
• - Regulatory filings
• - Procurement of materials with long lead times

This comprehensive approach is designed not only to ensure that the project meets its energy requirements but also adheres to environmental regulations and community concerns.

The Way Forward

As preparations for construction move forward, U.S. Gold Corp. remains focused on aligning its operational goals with sustainable practices. The operational plans will account for all necessary regulations and community engagements to ensure the project benefits local stakeholders while maximizing its potential.

U.S. Gold Corp. remains optimistic regarding the upcoming phases of the CK Gold Project. With strategic partnerships and a defined action plan in place, the company is positioned to overcome challenges associated with mineral exploration and development. The execution of this contract is seen not just as a logistical win but as a critical component in a broader vision that aims to contribute positively to the mining sector in Wyoming.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded exploration and development company based in the United States, dedicated to gold and copper projects. Alongside the CK Gold Project in Wyoming, the company boasts exploration properties in regions with rich mineral potential, including Nevada and Idaho. Their ongoing commitment to responsible mining practices and community involvement is a cornerstone of their operational philosophy.

The signing of this contract marks an important milestone not only for U.S. Gold Corp. but for the future of responsible mining and energy use in the region. As they gear up for construction, all eyes will be on how these developments pan out, shaping the landscape of mineral extraction in the U.S.

For those interested in the latest updates or to learn more about U.S. Gold Corp., their corporate website provides further insights into their projects, strategic objectives, and investment opportunities.

As organizations continue to reassess their energy needs and environmental responsibilities, U.S. Gold Corp.'s collaboration with Cheyenne Light emphasizes the industry's shifting dynamics towards more sustainable development. The path ahead may be complex, but U.S. Gold Corp. stands ready to navigate it with careful planning and innovative solutions.