CHEYENNE, Wyo., Could 25, 2022 /PRNewswire/ — U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and growth firm, is happy to announce that Mr. Luke Norman has been appointed as Chairman of the Firm’s Board of Administrators (the “Board”), following discover of the Board’s decision to extend its measurement from 5 to 6 members. Mr. George Bee, who has held the Chairman place since March 2021, will stay as President and CEO of U.S. Gold Corp.
Luke Norman is a seasoned progress government with over 20 years of expertise within the enterprise capital markets. He has raised in extra of $300 million for each private and non-private corporations, predominantly within the useful resource area. Lately, Mr. Norman has operated a consultancy firm to the metals and mining trade. He co-founded Gold Customary Ventures Corp., a TSX and NYSE Market listed gold exploration and growth firm. Luke is the co-founder of U.S. Gold Corp. (following its merger with Dataram Company), Chairman of Silver One assets, a silver pre-development and exploration firm listed on the TSX-V and CEO of Leviathan Gold, Ltd., listed on the TSX-V. Mr. Norman brings experience in mineral exploration, finance, company governance, M&A and company management to his function as Chairman.
Mr. Norman commented, “I’m very happy to be formally becoming a member of U.S. Gold Corp. as Chairman. I’ve been very near the Firm since its merger with Dataram Company, each as a co-founder and as a major investor. I’ve invested tens of millions of {dollars} of my very own private capital into U.S. Gold Corp. and proceed to imagine there’s a large valuation disconnect between the unimaginable initiatives now we have and our present public valuation. I look ahead to additional utilizing my skillset and relationships to help George, your complete administration staff and the Board to extend consciousness and improve shareholder worth for our traders. That is an thrilling time within the markets, with the worth of gold and copper pushing in direction of all-time highs. Producing American gold and copper in mining-friendly Wyoming and having the potential to create a whole bunch of high-quality native jobs is an thrilling story to be part of.”
Commenting on the adjustments, George Bee mentioned, “Luke is a welcome addition to the Board and offers excellent capital markets expertise at a time when the CK Gold Mission is quickly advancing towards a “shovel prepared” venture. The prefeasibility research introduced on December 1st, 2021, reveals a strong and enticing financial proposition that must be financed in anticipation of our allow approval in 2023. Luke’s huge expertise in shifting initiatives and corporations ahead alongside the worth chain shall be a boon for our shareholders, who will profit from his experience as we navigate the approaching months.”
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. centered gold exploration and growth firm. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Mission is situated in Southeast Wyoming and has a Preliminary Feasibility Research (PFS) technical report, which was accomplished by Gustavson Associates, LLC. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Tendencies in Nevada. The Challis Gold Mission is situated in Idaho. For extra details about U.S. Gold Corp., please go to www.usgoldcorp.gold.
Secure Harbor
Sure statements on this press launch are forward-looking inside the that means of the Personal Securities Litigation Reform Act of 1995. These statements could also be recognized by way of forward-looking phrases akin to “will,” “anticipate,” “imagine,” “forecast,” “estimated,” and “intend,” amongst others. These forward-looking statements are based mostly on U.S. Gold Corp.’s present expectations, and precise outcomes might differ materially from such statements. There are a variety of things that might trigger precise occasions to vary materially from these indicated by such forward-looking statements. These components embrace, however aren’t restricted to, dangers arising from: the prevailing market circumstances for steel costs and mining trade price inputs, environmental and regulatory dangers, dangers confronted by junior corporations typically engaged in exploration actions, whether or not U.S. Gold Corp. will be capable of elevate adequate capital to develop the CK Gold Mission and implement future exploration packages, COVID-19 uncertainties, the success or failure of future drilling packages and different components described within the Firm’s most up-to-date Annual Report on Type 10-Okay, Quarterly Studies on Type 10-Q, and Present Studies on Type 8-Okay filed with the Securities and Trade Fee, which will be reviewed at www.sec.gov. The Firm has based mostly these forward-looking statements on its present expectations and assumptions about future occasions. Whereas administration considers these expectations and assumptions to be affordable, they’re inherently topic to vital enterprise, financial, aggressive, regulatory, and different dangers, contingencies, and uncertainties, most of that are troublesome to foretell and lots of of that are past the Firm’s management. The Firm undertakes no obligation to appropriate or replace any data contained herein.
For added data, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
[email protected]
www.usgoldcorp.gold
SOURCE U.S. Gold Corp.
