As U.S Gold Approaches Financing Activities
for the CK Gold Project, the Assessment Demonstrates that the
Company is on the Right Track to Satisfy Lenders
CHEYENNE, Wyo.,
Feb. 26,
2025 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold,"
the "Company," "we," "our" or "us") (NASDAQ: USAU), is pleased
to announce the results of an independent assessment conducted by
Digbee Limited ("Digbee"). Digbee's platform provides companies a
right-sized, future-looking set of globally aligned sustainability
frameworks. Digbee evaluates a comprehensive range of
factors—considering both a project's context and the effectiveness
of management actions—to assign a rating from AAA to D. The overall
inaugural BBB score achieved by U.S. Gold, largely for its CK Gold
Project, reflects the average across all assessment criteria. We
believe this rating endorses our progress and confirms that we are
on track to meet and exceed the risk review criteria set by
financing entities.
Operating and conducting business responsibly, by respecting
local communities, protecting the environment, and maintaining
strong business practices is not just about gaining acceptance and
following best practices; it's also good business sense. Companies
that embed responsibility into their core operations build stronger
stakeholder relationships, mitigate risks, and create long-term
value. This acceptance is not only necessary for securing permits
but also for obtaining the social license to operate. To date, U.S.
Gold has received permits to develop its CK Gold Project in
southeast Wyoming, and as we
progress toward securing project financing, development lenders
require assurances that all potential project risks have been
addressed. These risks can span a wide spectrum, including
governance (ensuring the company adheres to established business
practices), environmental (complying with laws, regulations, and
practices to prevent and mitigate damage to natural surroundings),
and social factors (engaging local communities and securing their
acceptance of project development). Development lenders, through
experience, have gathered criteria to evaluate whether risks have
been addressed, and their investment is secure. The Digbee platform
not only helps guide companies in their activities, but it also
provides investors with some comfort through an independent review
that confirms risks—measured against a wide range of criteria and
international best practice—have been addressed.
George Bee, President and CEO of
U.S. Gold, said, "Over the last four years, we have endeavored to
do things 'the right way,' reaching out to the local community and
authorities and taking care that our disturbances resulting from
exploration activities are cleared up as we go along. That same
responsible attitude and the desire to be a 'good neighbor' as we
get into development and operation is top of mind. We are pleased
to share the results of this independent assessment of our
activities. The assessment shows where we can still do better, but
overall the BBB rating at this early stage is a great endorsement
that we are on the right track as we move toward development."
Mr. Jamie Strauss, the founder
and CEO of Digbee, commented, "U.S. Gold's completion of the Digbee
assessment underscores its commitment to responsible development
and transparency. By proactively evaluating risks and
opportunities, the Company is positioning itself to build long-term
value while meeting the evolving expectations of investors and
stakeholders. This is a crucial step in demonstrating leadership
and resilience in today's mining landscape."
The results of the Digbee assessment are available and
summarized on the Company's website and can be accessed by
following the link here.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. focused gold and
copper exploration and development company. Its fully permitted CK
Gold Project is located in Southeast
Wyoming and has a Preliminary Feasibility Study technical
report, which was completed by Gustavson Associates, LLC. In
addition, the Company has two exploration projects: Keystone
Gold located on the Cortez Trend in Nevada about 11 miles south of Nevada Gold Mines' Cortez Hills Complex, and
Challis Gold located in Idaho. For
more information about U.S. Gold Corp., please visit
https://www.usgoldcorp.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may be identified by the use of
forward-looking words such as "anticipate," "believe," "forecast,"
"estimated," and "intend," among others. These forward-looking
statements include statements related to our belief that the BBB
rating endorses our progress and confirms that we are on track to
meet and exceed the risk review criteria set by financing entities,
as well as our progress toward securing project financing and
moving toward development. 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
Corp. 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 additional information, please contact:
U.S. Gold Corp. Investor Relations
+1 800 557 4550
ir@usgoldcorp.com
www.usgoldcorp.com
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SOURCE U.S. Gold Corp.
