U.S. Gold Corp. (NASDAQ: USAU) is a U.S.-focused gold exploration and development company advancing high-potential projects in Wyoming, Nevada, and Idaho. The company is dedicated to the investigation and advancement of mining properties with a seasoned team combining deep experience with state-of-the-art leading-edge technology to drive toward exploration success.

U.S. Gold Corp. engages in the exploration, evaluation, and development of mineral properties in the United States, with a primary focus on gold and precious metals. The company holds 100% interests in three key projects: the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.

Corporate Presentation

Project Portfolio

CK Gold Project, Wyoming

The CK Gold Project (historically known as the Copper King) is an advanced-stage gold and copper exploration and development project located in southeast Wyoming, approximately 20 miles west of Cheyenne on the southeastern margin of the Laramie Range. The property comprises about 1,120 acres (2 square miles) of mining lease holdings with the Wyoming Office of State Lands and Investments and is 100% controlled by U.S. Gold Corp.

The project sits within the Silver Crown Mining District, established in 1881, and is located entirely on state land, making for an easier permitting process and more affordable annual leases. The CK Gold Project is a development-stage, large-tonnage gold-copper-silver deposit featuring high-grade mineralization exposed at the surface, surrounded by a substantial low-grade halo with significant expansion potential.

As of March 30, 2026, proven and probable mineral reserves total 1,015,000 ounces gold, 260 million pounds copper, 3,031,000 ounces silver, and 1,598,000 ounces gold equivalent (AuEq). A March 2026 feasibility study outlined an 11-year mine life with a base-case after-tax net present value at a 5% discount rate (NPV5%) of $632 million. All major state-level permits are secured with no direct federal involvement, and the industrial-siting permit has been extended through June 2027.

Keystone Project, Nevada

The Keystone Project is an exploration initiative targeting a Carlin-type gold deposit, located along Nevada’s prolific Cortez Trend—one of the world’s most highly prospective mineral trends and home to several of the continent’s largest mining operations. The project occupies 20 square miles on the Cortez Trend, approximately 11 miles south of Nevada Gold Mines’ Cortez Complex, and has never been systematically explored using modern techniques.

Over the past 50 years, the Cortez and Carlin trends in Nevada have produced more than 245 million ounces of gold. The company completed early-stage systematic exploration at Keystone and considers the project primed for discovery with potential for major upside.

Challis Gold Project, Idaho

The Challis Gold Project is located approximately 75 kilometers (47 miles) southwest of Salmon, Idaho, within the Tertiary Challis Volcanic Field. The project consists of 77 unpatented lode mining claims covering an area of approximately 1,710 acres in Lemhi County, Idaho.

Challis is an exploration-stage asset characterized as a low-sulphidation, gold-silver epithermal vein and stockwork deposit. The project is located 12 miles southwest of Revival Gold’s Beartrack-Arnett project. The company plans to execute exploration within the plan of operations at the Challis Gold Project.

Management Team

George Bee – President, Chief Executive Officer and Director

George Bee is a senior mining industry executive with deep mine development and operational experience. He has an extensive career advancing world-class gold mining projects in eight countries on three continents for both major and junior mining companies. He has served as the Company’s President since August 2020 and Chief Executive Officer since November 2020.

In 2018, Mr. Bee concluded a third term with Barrick Gold Corporation as Senior VP Frontera District in Chile and Argentina, working to advance Pascua Lama feasibility as an underground mine. This capped a 16-year tenure at Barrick Gold, where he served in multiple senior-level positions, including Mine Manager at Goldstrike during early development and operations, Operations Manager at Pierina Mine taking Pierina from construction to operations, and General Manager of Veladero, developing the project from advanced exploration through permitting, feasibility and into production.

Previously, Mr. Bee held positions as CEO and Director of Jaguar Mining Inc. between March 2014 and December 2015, President and CEO of Andina Minerals Inc. from February 2009 until January 2013, and Chief Operating Officer for Aurelian Resources, Inc. from 2007 to 2009. As Chief Operating Officer of Aurelian Resources in 2007, he was in charge of project development for Fruta del Norte in Ecuador until Aurelian was acquired by Kinross Gold in 2008.

Mr. Bee has served on the board of directors of Stillwater Mining Company, Sandspring Resources Ltd., Jaguar Mining, Peregrine Metals Ltd. and Minera IRL Limited. He received a Bachelor of Science degree from the Camborne School of Mines in Cornwall, United Kingdom. He also holds ICD.D designation from the Institute of Corporate Directors.

Luke Norman – Executive Chairman

Luke Norman is a seasoned growth executive with over 20 years of experience in the venture capital markets. He has raised in excess of $300 million for both public and private companies, predominantly in the resource space. In recent years, Mr. Norman has operated a consultancy company to the metals and mining industry.usgoldcorp

Mr. Norman has served as the chief executive officer, president and director of Northern Lion Gold Corp. (TSXV: NL), a Canada-based mineral exploration company, since December 2017. Since March 2021, he has also served as the chief executive officer and director of Leviathan Gold Ltd. (TSXV: LVX), another mineral exploration company. Since 2000, Mr. Norman has served as an independent consultant to companies in the metals and mining industry.

He has also served since 2016 as the chairman of Silver One Resources (TSXV: SVE and FSE: BRK1) and from 2020 to 2023 as a director of Black Mountain Gold USA Corp. (now known as Millennial Potash Corp.) (TSXV: MLP.V), both of which are mineral exploration companies. Mr. Norman has also served since 2021 on the board of LDB Capital Corp. (TSXV: LDB.P), a capital pool company.

Mr. Norman was among the founding shareholders of Gold King Corp., a private company that combined with the Company’s predecessor, Dataram Corporation, in 2016 to form U.S. Gold Corp.

Eric Alexander – Chief Financial Officer and Corporate Secretary

Eric Alexander serves as Chief Financial Officer, Principal Financial and Accounting Officer, and Corporate Secretary of U.S. Gold Corp. He has held this position since 2020. Mr. Alexander is a CPA with extensive financial management experience in the mining sector.

Kevin Francis – Vice President – Exploration and Technical Services

Kevin Francis is Vice President – Exploration and Technical Services and has been with the Company since July 2021. He brings significant exploration and technical expertise to the Company’s project development efforts.reuters+1

Board of Directors

Robert W. Schafer – Independent Director

Mr. Schafer is a registered professional geologist with over 40 years of international experience exploring for and discovering mineral deposits, four of which became producing mines including the Briggs (over one million ounces) and Griffon gold mines in the Western United States and Birkachan (over one million ounces) gold mine in far east Russia. He has identified, evaluated and structured business transactions globally, having worked in more than 80 countries.

Currently, Mr. Schafer is the Chief Executive Officer of Eagle Mines Management LLC, a globally active, privately owned natural resources corporation, which he founded in 2016. Prior to this, from 2004 to 2015, he served as Executive Vice President of Business Development at Hunter Dickinson Services Inc., a diversified, global mining group.

Mr. Schafer also previously served as Vice President, Exploration of Kinross Gold Corporation (NYSE: KGC), a senior gold mining company with a diverse portfolio of mines and projects, from 1996 to 2003. Prior to that, he held senior positions at BHP Minerals and Billiton Metals.

Mr. Schafer was the 2020–2021 president of the Society for Mining, Metallurgy and Exploration (SME). He is also past president and board member of the Prospector & Developers Association of Canada (PDAC), past president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), and past president of the Mining and Metallurgical Society of America. He was a member of the board of governors for the U.S. National Mining Hall of Fame and a member of the board of directors of the Canadian Mining Hall of Fame. He is the first person to hold these leadership roles in both the U.S. and Canada.

Mr. Schafer is also the recipient of the William Lawrence Saunders Gold Medal from the American Institute of Metallurgical Engineers, as well as the prestigious Daniel C. Jackling Award and Robert A. Dreyer Award from SME for technical achievements and leadership in the mining industry during his career. He is a fellow of the Society of Economic Geologists, CIM, and SME, and a certified director under the Institute of Corporate Directors.

Mr. Schafer has served on the board of directors of select mining companies, including his current service on the boards of directors of Volcanic Gold Mines Inc. (TSX-V: VG), United Lithium (CSE: ULTH) and Electric Royalties Ltd. (TSXV: ELEC.V). His prior board service included Trillium Gold Mines Inc. (now known as Renegade Gold) (formerly TSXV: TGM) from 2021 to 2023, Renaissance Gold Inc. (TSXV: REN) from 2023 to 2024, Cardinal Resources (formerly ASX and TSX: CDV) from 2019 to 2023, Temas Resources (CSE: TMAS) from 2023 to 2024, Lincoln Mining Corporation (TSX-V: LMG) from 2014 to 2025, and Amur Minerals Corporation (AIM: AMC), from 2004 to 2024, which changed its name to CRSIM Therapeutics in May 2024.

Robert earned a BS and MS in Geology at Miami University (Ohio) as well as an MS in Mineral Economics and completed studies and research toward a Ph.D. in Geology at the University of Arizona. He also completed the Executive Business Management program at Stanford.

Johanna Fipke – Independent Director

Ms. Fipke is currently a partner at Fasken Martineau DuMoulin LLP, one of Canada’s leading national law firms, and has been with the firm since 2010. Ms. Fipke has over 20 years of experience advising on mergers, acquisitions and commercial transactions involving domestic and international mining companies and properties, project finance (including debt and alternative sources including streams, royalties and prepayment offtakes) and project development.

Ms. Fipke has been recognized for her mining expertise by Chambers, Lexpert, Who’s Who Legal, the Best Lawyers in Canada, and the Legal 500. Ms. Fipke is a former director of Women in Mining British Columbia and Nova Royalty Corp. (TSXV:NOVR). She holds a Bachelor of Law, Bachelor of Commerce, and Bachelor of Arts, each with distinction, from the University of Alberta and is a member of the Law Societies of British Columbia, Northwest Territories and Nunavut. In 2018, Ms. Fipke was named by Women in Mining UK as one of the top 100 Global Inspirational Women in Mining.

Michael Waldkirch – Independent Director

Mr. Waldkirch has been a Chartered Professional Accountant in Canada since 1998 and was the Chief Financial Officer of Gold Standard Ventures Corp. (formerly TSX and NYSE American: GSV) in Vancouver, British Columbia, Canada from July 2010 to March 2021. Mr. Waldkirch has also held the position of CFO for Barksdale Capital Corp. (TSX-V:BRO) since August 2016 and has acted as a Director for Saga Metals Corp. (TSX-V:SAGA) since April 2024.

He has also held the position of Senior Partner with the public accounting firm Michael Waldkirch and Company Inc., Chartered Professional Accountants, in Vancouver, B.C. since 1999. From 1997 to 2011, he held the position of principal with JBH Professional Services Inc., a business consulting firm located in Richmond, B.C.

Mr. Waldkirch holds a Bachelor of Arts in Economics from the University of British Columbia.

Share Structure

As of January 31, 2026, the Company had 16,455,121 shares of common stock issued and outstanding held of record by approximately 104 holders of record. The Company maintains a relatively tight share structure with significant insider holdings.

Market Capitalization: Approximately $245–$267 million USD (as of mid-2026)

Contact Information

Corporate Headquarters:

1807 Capitol Avenue
Cheyenne, WY 82001
Phone: +1 800-557-4550

Investor Relations:

Phone: +1 800-557-4550
Email: ir@usgoldcorp.com