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U.S. Gold Corp. Receives Industrial Siting Permit for CK Gold Project
CHEYENNE, Wyo., July 12, 2023 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU), is proud to announce the
About this update from U.s. Gold Corp.
[{"type":"text","content":"CHEYENNE, Wyo., July 12, 2023 /PRNewswire/ -- U.S. Gold Corp. (\"U.S. Gold,\" the \"Company,\" \"we,\" \"our\" or \"us\") (Nasdaq: USAU), is proud to announce the achievement of one of two significant milestones in the permitting stage of its CK Gold, gold, copper and silver mining project (the \"CK Gold Project\"). On June 20, 2023, the Industrial Siting Division of the Department of Environmental Quality, of the State of Wyoming (the \"DEQ-ISD\"), granted an Industrial Siting Permit (the \"ISP\") to U.S. Gold's wholly-owned subsidiary, Gold King Corp., allowing for construction and operation of the proposed mine at the CK Gold Project. \nThe ISP, which is the first of two critical permits necessary for the construction and operation of the proposed mine at the CK Gold Project, is a requirement for all projects in the state of Wyoming projected to exceed $253.9 million in construction and mine capital costs. This includes all capital needed for the entire project build-out beyond the initial capital costs anticipated by the applicant. The second major permit package is the Mine Operating Permit and Mine Closure Plan, which the Company expects to be approved as early as the first half of 2024.\nCommenting on the ISP for the CK Gold Project, George Bee, President and CEO of U.S. Gold said, \"The ISP application is of significant importance in the regulatory process to protect those who may be impacted by large industrial capital investments. We have been very impressed by the professionalism, dedication and promptness demonstrated by the agencies in handling our permit applications. Currently, we are addressing Wyoming Department of Environmental Protection – Land Quality Division (the \"DEQ-LQD\") comments received following the initial technical review of our Mine Operating Permit application and Closure Plan, which was submitted to the agency on September 13, 2022. The DEQ-LQD also governed by statute, follows a rigorous process that involves a full assessment of the application by specialists tasked with safeguarding public interest and environmental protection for the proposed activities\".\nFrom personal experience working with jurisdictions in various states and globally, George Bee went on to say that \"While copper-gold mining has not recently been permitted in the state of Wyoming, state agencies are well versed in regu...