U.S. Gold Corp. is proud to be a Copper Boot
sponsor at the world's largest outdoor rodeo in celebration of
Cheyenne's authentic western heritage and community roots
CHEYENNE, Wyo.,
July 10,
2024 /PRNewswire/ --
U.S. Gold Corp. ("U.S. Gold," the
"Company," "we," "our" or "us") (Nasdaq: USAU) is
pleased to announce that we will be a proud Copper Boot
sponsor of the 128th Annual Cheyenne Frontier Days.
This 10-day event features
the world's largest outdoor rodeo and has been an
important tradition in the region since its founding in 1897. Its
activities celebrate the country's rich western heritage, drawing
top professionals competing for more than $1
million in prizes, and includes events such as a chuckwagon
cook-offs, nightly concerts and a western
art show that is among the most prestigious in the Rocky
Mountain region.
"This is U.S. Gold's second year running as a Copper Boot
sponsor and third year overall of sponsorship of Cheyenne
Frontier Days which speaks to our
long-term commitment to the region, the local
economy and small businesses within the community. Our CK Gold
Project continues to align with the mission of the city of
Cheyenne as we look to provide significant economic activity
for Cheyenne and Laramie County. We look forward to
celebrating the spirit of the West which is alive and well here in
the Rocky Mountains," said George
Bee, Chief Executive Officer of U.S. Gold.
In May of this year, U.S. Gold's CK Gold Project received its
Mine Operating Permit from the Wyoming Department of Environmental
Quality, essentially clearing the major regulatory hurdles towards
project development. With proven and probable reserves of
1.01 million ounces of gold and 248 million pounds of copper,
average annual production for the CK Gold Project is estimated at
108,500 ounces of gold equivalent over a ten-year mine life, which
the Company believes will aid federal and state plans to electrify
the automotive industry. Copper is
an essential element in renewable energy and
electric transmission while gold has long demonstrated its value in
preserving wealth and defending against inflation and currency
volatility.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. focused gold and
copper exploration and development company. U.S. Gold Corp. has a
portfolio of exploration properties. The CK Gold Project is located
in Southeast Wyoming and has a
Preliminary Feasibility Study technical report, which was completed
by Gustavson Associates, LLC. Our Keystone exploration property is
on the Cortez Trend in Nevada. Our
Challis Gold Project is located in Idaho. For more information about U.S. Gold
Corp., please https://www.usgoldcorp.gold/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These statements
may be identified by the use of forward-looking words such as
"proposed," "aims," "forecast," "estimated," "believes,"
"continues" and "intend," among others. These forward-looking
statements include statements related to U.S. Gold's Copper Boot
sponsorship of the 127th annual Cheyenne Frontier Days, the major
regulatory hurdles necessary to develop the CK Gold Project, and
estimated mine production at the CK Gold Project over a projected
ten-year mine life. There are a number of factors that could cause
actual events to differ materially from those indicated by such
forward-looking statements. These factors include, but are not
limited to, risks arising from: market and other conditions; the
prevailing market conditions for metal prices and mining industry
cost inputs; environmental and regulatory risks; changes in
interpretations of geological, geostatistical, metallurgical,
mining or processing information; risks faced by junior companies
generally engaged in exploration activities; whether U.S. Gold will
be able to raise sufficient capital to develop the CK Gold Project
and implement future drilling programs; the success or failure of
future drilling programs; and other factors described in the
Company's most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K filed with the
Securities and Exchange Commission, which can be reviewed at
www.sec.gov. The Company has based these forward-looking statements
on its current expectations and assumptions about future events.
While management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory, and other risks, contingencies,
and uncertainties, most of which are difficult to predict and many
of which are beyond the Company's control. The Company undertakes
no duty to correct or update any information contained herein.
For further information
U.S. Gold Corp.
Investor Relations
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold
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SOURCE U.S. Gold Corp.
