UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to _____________ Commission file number: 001-08266 U.S. GOLD CORP. (Exact Name of Registrant as Specified in its Charter) Nevada 22-1831409 (State or other ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Core Insights - U.S. Gold Corp. will attend the 37th Annual ROTH Conference for Growth Companies from March 16 to March 18, 2025, in Dana Point, California [1][2] - The conference will feature a variety of sectors including consumer, energy, healthcare, industrial growth, metals and mining, sustainability, and technology [2] - Chairman Luke Norman will participate in a panel discussion on March 18, 2025, focusing on "Mining and Metals under a Trump Administration" [3] Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development in the U.S. [4] - The company has a fully permitted CK Gold Project in Southeast Wyoming, supported by a Preliminary Feasibility Study [4] - U.S. Gold Corp. also has two exploration projects: Keystone Gold in Nevada and Challis Gold in Idaho [4]

Company Overview - U.S. Gold Corp. (NASDAQ: USAU) is a gold developer based in the U.S. that has recently received permits to construct the CK Gold Project in Wyoming [1] - The CK Gold Project is characterized by low capital expenditure (capex) and is projected to produce over 100,000 ounces of gold [1] Investment Insights - The author has been involved in precious metals investment since 2003 and has a background in real estate, particularly in Michigan [1] - The author focuses on nano-cap junior gold explorers with market capitalizations under $20 million but has shifted to writing about companies with market caps exceeding $100 million for broader publication opportunities [1]

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Group 1: Stock Performance and Price Targets - US Gold Corp (USAU) shares have increased by 33.3% over the past four weeks, closing at $8.96, with a mean price target of $13.42 indicating a potential upside of 49.8% [1] - The average price targets range from a low of $10 to a high of $17.25, with a standard deviation of $3.64, suggesting a potential increase of 11.6% to 92.5% from the current price [2] Group 2: Analyst Insights and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases, as indicated by a 2.1% increase in the Zacks Consensus Estimate for the current year [4][10] - USAU holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a solid potential upside [11] Group 3: Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be wise, as analysts' price targets can often be misleading [3][5][8] - A low standard deviation in price targets indicates a high degree of agreement among analysts, which can serve as a starting point for further research into the stock's potential [7]

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stock prices [1]. Group 1: Trend Analysis - The "Recent Price Strength" screen is a useful tool for investors to identify stocks that are currently trending upwards, supported by strong fundamentals and trading near their 52-week high [2]. - US Gold Corp (USAU) is identified as a strong candidate for trend investors, having experienced a price increase of 11.9% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - A significant price increase of 33.3% over the last four weeks further confirms that the upward trend for USAU is intact, with the stock trading at 89% of its 52-week high-low range, suggesting a potential breakout [4]. Group 2: Fundamental Strength - USAU holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for short-term price movements [5]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking in identifying strong investment opportunities [6]. - The Average Broker Recommendation for USAU is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [6]. Group 3: Investment Strategy - The article suggests that investors should consider other stocks that meet the criteria of the "Recent Price Strength" screen, as there are multiple candidates available for potential investment [7]. - It also highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [8].

Regulatory Landscape - The regulatory environment for mineral companies in the US can be complex, with some states offering streamlined processes while others impose significant federal oversight [1] - Wyoming is highlighted as a favorable jurisdiction for mining, with a clear permitting process and strong support from state regulators [2][3] Company Insights - US Gold Corp has successfully secured full permits for its CK Gold project in Wyoming, attributing this achievement to the state's structured approach to permitting [3][7] - The company has a tight share structure with only 12.3 million shares outstanding, no debt, and a strong cash balance, positioning it well for future growth [7] Challenges in Other States - In contrast, permitting in states like Nevada can be more challenging due to federal land regulations and the complexities introduced by the National Environmental Policy Act (NEPA) [4][5] - Nevada Lithium Resources Inc faces bureaucratic hurdles despite having good interactions with local offices of the Bureau of Land Management (BLM) [5] Economic and Infrastructure Factors - Nevada is considered a crucial hub for lithium production in the US, with significant infrastructure supporting long-term production [6] - The state aims to maximize value from the lithium supply chain, benefiting from existing infrastructure such as alternative energy sources and expanding solar projects [6] Future Outlook - Positive policy changes at the state level could significantly impact the success of mining projects, with potential reforms in permitting and financing support being discussed [7]

Group 1 - Proactive specializes in providing fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption, utilizing both human expertise and technological tools to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - The updated pre-feasibility study (PFS) for the CK Gold Project indicates strong economic potential, with plans to advance to a feasibility study (FS) and explore further optimization opportunities [1][4][32]. PFS Highlights - The CK Gold Project has an operating life of 10.2 years, with total gold contained estimated at 1.672 million AuEq ounces and total gold produced for sales projected at 1.112 million AuEq ounces [2][9]. - The average all-in sustaining cost is $937 per AuEq ounce, with a pre-tax NPV of $459 million and an IRR of 36% [2][10]. - The project anticipates free cash flow of $693.2 million pre-tax and $556.9 million post-tax [2][10]. Economic Performance - The PFS reflects a significant improvement over the previous study, with a 42% increase in NPV and a 15% improvement in payback period [9][19]. - The project is based on a mineral reserve estimate of 73.2 million tons at a grade of 0.014 ounces per ton, supporting a simple surface mining operation [7][13]. Project Timeline and Construction - A 30-month construction period is planned, potentially starting in late 2025, with initial production of gold concentrate targeted for 2028 [8][16]. - Initial capital costs are estimated at $277 million, covering the development of the mine and processing facilities [16][18]. Permitting and Regulatory Status - The project has received necessary permits, including the Industrial Siting Permit and Mine Operating Permit, with conditions for further environmental compliance [29][30]. Optimization and Future Steps - The company plans to finalize optimization work and advance to the FS by the end of 2025, including metallurgical testing and evaluations for waste rock commercialization [32][35]. - Exploration potential exists to expand resources, with ongoing drilling programs anticipated to enhance mineral reserves [33][34].