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USAU

U.S. Gold Corp.

USAU

U.S. Gold Corp. • NASDAQ
$17.26 ▲ 5.18% (+0.85)
Market Cap $247.66 M
52w High $19.20
52w Low $5.86
Dividend Yield 0%
P/E -11.14
Volume 163.93K
Outstanding Shares 14.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $0 $3.606M ▲ $-2.077M ▲ 0% $-0.15 ▲ $-2.046M ▲
Q4-2025 $0 $3.18M ▼ $-7.769M ▼ 0% $-0.61 ▼ $-3.149M ▲
Q3-2025 $0 $5.09M ▲ $-6.362M ▼ 0% $-0.54 ▼ $-5.09M ▼
Q2-2025 $0 $2.142M ▼ $-2.103M ▲ 0% $-0.2 ▲ $-2.142M ▲
Q1-2025 $0 $2.593M $-4.325M 0% $-0.4 $-2.577M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $11.35M ▲ $28.334M ▲ $1.807M ▼ $26.527M ▲
Q4-2025 $8.169M ▼ $24.866M ▼ $13.28M ▲ $11.586M ▼
Q3-2025 $9.138M ▲ $26.016M ▲ $8.549M ▲ $17.467M ▲
Q2-2025 $1.63M ▼ $18.192M ▼ $6.948M ▼ $11.244M ▼
Q1-2025 $3.381M $20.14M $6.988M $13.152M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.077M ▲ $-3.315M ▼ $0 $6.496M ▲ $3.181M ▲ $-3.315M ▼
Q4-2025 $-7.769M ▼ $-2.72M ▲ $0 ▲ $1.75M ▼ $-969.228K ▼ $-2.72M ▲
Q3-2025 $-6.362M ▼ $-3.141M ▼ $-6.158K ▼ $10.656M ▲ $7.508M ▲ $-3.147M ▼
Q2-2025 $-2.103M ▲ $-1.818M ▲ $0 $67.2K ▲ $-1.751M ▲ $-1.818M ▲
Q1-2025 $-4.325M $-2.194M $0 $0 $-2.194M $-2.194M

Five-Year Company Overview

Income Statement

Income Statement The company has not generated operating revenue for several years, so its income statement reflects an early‑stage, pre‑production mining developer rather than an operating miner. Expenses relate mainly to exploration, project development, and corporate overhead, which consistently produce operating losses. The size of these losses has been relatively stable in absolute terms, but per‑share figures jump around because of changes in share count over time. Profitability will depend entirely on successfully bringing a mine into production; for now, the business is firmly in the spending, not earning, phase.

Balance Sheet

Balance Sheet The balance sheet is small and simple: a modest pool of assets, largely cash, and no financial debt. Equity is positive but thin, which means there is only a limited cushion to absorb ongoing losses before new funding is required. The absence of debt reduces financial risk, but the small capital base underscores how dependent the company is on fresh capital or project‑level deals to advance its mines. Overall, the balance sheet looks typical for a junior resource developer: light, flexible, but financially fragile.

Cash Flow

Cash Flow Cash flow comes almost entirely from funding activities, not from operations. Operating cash flow has been consistently negative, reflecting continuing spending on exploration, studies, and corporate costs. Capital spending on physical assets has so far been limited, indicating that the company is still before the heavy construction phase of mine development. Free cash flow is therefore negative and likely to stay that way until a project is built and producing, so ongoing access to external financing is critical.

Competitive Edge

Competitive Edge The main competitive strength is the advanced, “shovel‑ready” CK Gold Project in a mining‑friendly U.S. state, with key permits in hand and access to roads and power. This gives the company a clearer path to potential production than many early‑stage peers that are still working through permitting or basic studies. The project’s expected low operating cost profile and exposure to both gold and copper could provide attractive margins if realized. On the other hand, the company is small, with its fortunes heavily tied to one flagship asset and to gold and copper prices, so its position is promising but concentrated and sensitive to execution and market conditions.

Innovation and R&D

Innovation and R&D The company is leaning on process innovation rather than traditional “lab R&D,” notably by adopting Jameson Cell flotation technology to boost metal recovery, cut energy use, and reduce the plant’s footprint. This kind of process upgrade can materially improve project economics and environmental impact if it performs as expected at scale. The firm also emphasizes a model‑driven, technology‑supported exploration approach at projects like Keystone, and it is exploring ways to monetize waste rock as construction material, which could add an unconventional revenue stream. ESG work, including third‑party assessment, suggests an awareness that responsible practices are part of the competitive toolkit, though all of these innovations still need to prove themselves in full‑scale operation.

Summary

U.S. Gold Corp. is a pre‑revenue, development‑stage gold and copper company whose financials currently reflect steady spending and recurring losses rather than operating strength. Its balance sheet is clean and debt‑free but small, making the business reliant on continued access to capital markets or strategic partners while it advances projects. The main attraction is the de‑risked CK Gold Project: permitted, in a favorable jurisdiction, with modern processing technology and potential by‑product revenue ideas that together could support strong economics if successfully built. Additional exploration projects in Nevada and Idaho offer longer‑term upside but are earlier stage. Overall, this is a high‑risk, high‑uncertainty profile typical of junior miners: operational and financing execution, permitting in practice, and future commodity prices will largely determine whether the current promise converts into a sustainable operating business.

NEWS

November 28, 2025 · 2:08 PM UTC

VIDEO - CEO Clips U.S. Gold Corp.: A Fully Permitted, Shovel-Ready Gold & Copper Project in Wyoming

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November 13, 2025 · 8:00 AM UTC

U.S. GOLD CORP. TO PARTICIPATE IN 121 MINING INVESTMENT CONFERENCE IN LONDON, UNITED KINGDOM

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November 6, 2025 · 8:00 AM UTC

U.S. Gold Corp. to Participate in the Curzio One Wealth Conference 2025

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November 5, 2025 · 8:00 AM UTC

U.S. GOLD CORP. COMPLETES STRATEGIC PROPERTY ACQUISITIONS TO ADVANCE CK GOLD PROJECT

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October 16, 2025 · 9:00 AM UTC

U.S. Gold Corp. to Present at the LD Micro Main Event XIX

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