U.S. GOLD CORP. ANNOUNCES $31.2 MILLION PRIVATE PLACEMENT

Core Viewpoint - U.S. Gold Corp. has successfully closed a private placement, raising approximately $31.2 million through the sale of common stock and warrants, aimed at funding development and exploration projects [1][3]. Group 1: Private Placement Details - The company issued 1,922,159 shares of common stock at $16.25 per share and warrants for 961,077 shares at an exercise price of $23.00 per share [1]. - The total gross proceeds from this offering amount to approximately $31.2 million [1]. - The pricing of the offering shares reflects a 4% discount to the closing price of $16.91 on December 15, 2025 [1]. Group 2: Shareholder Information - New shareholders include notable investment firms such as Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors [2]. - The 30-day and 20-day Volume Weighted Average Price (VWAP) as of December 15, 2025, were $16.03 and $16.43 per share, respectively, indicating a premium of approximately 1.4% to the 30-day VWAP and a discount of about 1.1% to the 20-day VWAP [2]. Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated for initial development costs at the CK Gold Project, potential land acquisitions, further exploration of properties, and general working capital [3]. Group 4: Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development, with properties including the CK Gold Project in Wyoming, the Keystone property in Nevada, and the Challis Gold Project in Idaho [6].