CK Gold Project

America’s future will run on copper.

The International Energy Agency’s 2026 Global Critical Minerals Outlook project that copper supply could fall about 25% short of demand by 2035 based on today’s project pipeline. The report also points to copper’s growing importance across power infrastructure, advanced technology and other strategic industries.

The CK Gold Project is positioned to help add a new domestic source of copper while supporting a stronger, more secure U.S. mineral supply chain.

📖 Read the report which is linked in the comments.

Gold prices move, but strong projects like the CK Gold Mine are built to last.

CK Gold’s feasibility study used a conservative gold price and still delivered strong project economics.

See why the CK Gold Project is built for the long haul 👇

Gold's 3% Pullback Tests Whether Record Central Bank Buying Can Sustain Upside

Gold slipped about 3% from its three-month high after September rate-increase odds moved above 40%. Central banks didn't flinch.

They purchased a net 289 tonnes in Q2 2026 — the strongest second quarter on record and up 62% year over year — while the average LBMA price sat 8% below the prior quarter's record. Buying spread across Poland, China, Uzbekistan, Kazakhstan and the Czech Republic, and exceeded gold-backed ETF outflows by more than six to one.

That demand landed against a supply base that can't respond quickly. Global mine production rose just 2% year over year to 966 tonnes, meaning official-sector buying alone absorbed roughly 30% of quarterly output.

We've built CK Gold for that environment rather than for a peak. Our March 2026 feasibility study uses a $3,250/oz base case — well below the roughly $3,800 analyst consensus — and still delivers a $632 million after-tax NPV5% and a 27% after-tax IRR.

Day-to-day moves follow the Fed. Project economics should hold up either way.

Read more on Crux Investor — article by Ryan Charles: https://www.cruxinvestor.com/posts/golds-3-pullback-tests-whether-record-central-bank-buying-can-sustain-upside

A look back at an important step in the journey: test blasts at the CK Gold Project site four years ago helped confirm expert analysis that blasting can be conducted safely and without impacting nearby property or infrastructure. The results guided future mine planning and design.

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With major permits secured, road construction underway and a strong 2026 Feasibility Study, the CK Gold Project is gaining attention from potential partners and buyers as it moves closer to a final construction decision.

Read more:

US Gold Corp Evaluates M&A Interest as CK Gold Project Advances

Completing state permitting changed the conversation.

With the Mine Operating Permit and air quality permit secured and access road construction already underway, U.S. Gold Corp (NASDAQ: USAU) has drawn interest from development capital providers and potential M&A counterparties. The board has formed a Special Committee and appointed financial advisors to weigh joint ventures, asset-level deals and corporate transactions against building CK Gold independently.

The March 2026 Feasibility Study puts the after-tax NPV at $632 million with a 27% IRR and 2.5-year payback, based on $3,250/oz gold and $4.50/lb copper. At recent spot gold near $4,500/oz, that NPV rises to roughly $1.37 billion and payback compresses to 1.6 years.

With about 16.5 million shares outstanding, per-share exposure to that value is unusually concentrated.

A final construction decision is targeted for the second half of 2026. Strategic discussions carry no guarantee of a completed transaction.

Read more on Crux Investor — article by Imogen Minall: https://www.cruxinvestor.com/posts/us-gold-corp-evaluates-m-a-interest-as-ck-gold-project-advances

Did you know?

An estimated two-thirds of the copper produced since 1900 is still in use today.

Copper can be recycled again and again without losing the properties that make it so useful. That makes it an important resource for power, transportation, construction and more.

Big things ahead! With permits in hand and the project ready for construction, U.S. Gold Corp is focused on moving the CK Gold Project forward:

U.S. Gold Corp. (NASDAQ: USAU) has reached a major inflection point as its flagship CK Gold Project in southeast Wyoming transitions from exploration to a fully permitted, shovel-ready development asset.

Backed by a robust March 2026 Feasibility Study, CK Gold continues to attract interest from potential sources of development capital as well as prospective M&A counterparties. The Company has engaged advisors and formed a Special Committee to evaluate M&A interest while remaining focused on advancing CK Gold and unlocking additional value beyond the current Feasibility Study.
U.S. Gold Corp. is also evaluating the potential spin-out of its Keystone Project in Nevada as a standalone exploration company, creating a potential pathway to advance Keystone while minimizing additional dilution for USAU shareholders.

Read More - https://www.usgoldcorp.com/news-media/press-releases/detail/251/u-s-gold-corp-provides-ceo-update---august-2026

Central banks continue to buy gold at a record pace, underscoring strong global demand for the metal. Read on. 👇

Central Bank Gold Buying Holds Through Fed Rate Uncertainty

Central banks bought a record 288.9 tonnes in Q2 2026, up 62% year-over-year. Supply stayed flat.

U.S. Gold Corp's CK Gold project is modelled at $3,250/oz — well below ~$3,800 consensus — and still shows a $632M after-tax NPV5% and 27% IRR.

Read more on Crux Investor: https://www.cruxinvestor.com/posts/central-bank-gold-buying-holds-through-fed-rate-uncertainty

A new chapter in Wyoming mining is taking shape in southeast Wyoming. ✨

Wyoming has a long history of mining, but new hard rock mines are rare. The CK Gold Project is now fully permitted at the state level and moving closer to construction just west of Cheyenne.

We’re proud to build on to the Cowboy State’s legacy of mining.