U.S. Gold Corp Chairman Discusses New Funding and Upcoming Mining Permit [Video]

U.S. Gold Chairman C0-Founder Luke Norman joined Steve Darling from Proactive to announce the company’s entry into a securities purchase agreement with certain investors, resulting in total gross proceeds of approximately $4.9 million dollars from pre-existing shareholders. This infusion of capital enhances U.S. Gold’s financial position as it approaches a significant milestone—the anticipated receipt of a mining permit by the end of the second quarter of this year.

Norman emphasized that this additional capital will support further exploration and development of their projects. He highlighted the company’s anticipation of pivotal changes in the upcoming months, particularly with the expected mining permit, which could substantially enhance the company’s value proposition. Given the strong performance of the copper and gold markets, the timing aligns well with U.S. Gold Corp’s strategic objectives. Norman outlined the firm’s plans to initiate drilling operations and explore additional opportunities around their CK project, leveraging the recent capital …