U.S. Gold (US:USAU)2025-12-10 22:29Operating Expenses - Total operating expenses for the three months ended October 31, 2025, were approximately $4,555,000, an increase of $2,413,000 compared to $2,142,000 for the same period in 2024[124] - For the six months ended October 31, 2025, total operating expenses were approximately $8,193,000, up from $4,735,000 in 2024, reflecting an increase of $3,458,000[125] Net Loss - The company reported a net loss of approximately $4,483,000 for the three months ended October 31, 2025, compared to a net loss of $2,103,000 for the same period in 2024[129] - For the six months ended October 31, 2025, the net loss was approximately $6,560,000, slightly higher than the $6,428,000 loss reported in 2024[132] Current Assets and Liabilities - As of October 31, 2025, the company had current assets of $9,834,961, an increase of $939,563 from $8,895,398 as of April 30, 2025[130] - Current liabilities increased to $1,670,308 as of October 31, 2025, compared to $879,953 as of April 30, 2025, reflecting an increase of $790,355[130] - The company had working capital of $8,164,653 as of October 31, 2025, an increase of $149,208 from $8,015,445 as of April 30, 2025[130] Cash Flow - Net cash used in operating activities for the six months ended October 31, 2025, totaled approximately $7,110,000, an increase from $4,012,000 in 2024[134] - The company reported net cash provided by financing activities of approximately $8,898,000 for the six months ended October 31, 2025, primarily from warrant exercises[136] Project Development - The company plans to use Glencore Technology's Jameson Cell Flotation Equipment for enhanced gold and copper recovery at the CK Gold Project[122]