Business
U.S. Gold Reaffirms its Commitment to Supporting Economic Development in Southeast Wyoming with its CK Gold Project
Company hires local contractors and engages small businesses within Cheyenne and Laramie County; CK Gold Project is anticipated to create an estimated 2,600 dir
About this update from U.s. Gold Corp.
[{"type":"text","content":" Company hires local contractors and engages small businesses within Cheyenne and Laramie County; CK Gold Project is anticipated to create an estimated 2,600 direct and indirect jobs CHEYENNE, Wyo., May 19, 2022 /PRNewswire/ -- As Economic Development Week continues, U.S. Gold Corp. (\"U.S. Gold,\" the \"Company,\" \"we,\" \"our\" or \"us\") (NASDAQ: USAU) is reaffirming its commitment to supporting economic growth in southeast Wyoming through the hiring of local contractors and engaging businesses within the area for its advanced stage gold and copper project, CK Gold Project. To date, U.S. Gold has invested approximately $3 million in community contractors for its proposed project, located at the site of the historic Copper King Mine in Wyoming's Silver Crown Mining District. Additionally, the Company is on track to complete its feasibility study, secure the necessary permits, and build the mine to be fully operational by 2024. \"The vitality of Cheyenne and Laramie County's economy is paramount to our growth and sustainability,\" said Cheyenne Mayor Patrick Collins. \"We are thrilled that many of our hard-working citizens and local businesses will benefit from this project.\" \"The CK Gold Project is expected to create long-term jobs support local workers and bring together the community of Cheyenne and surrounding areas,\" said George Bee, President and CEO of U.S. Gold Corp. \"We take economic development seriously in the communities we work in and are committed to partnering with Wyoming-based contractors to complete this important project, and help boost the region's economic prosperity.\" \"As we celebrate Economic Development Week, we view the CK Gold Project as a significant economic driver for Cheyenne and Laramie County,\" said Betsey Hale, CEO of Cheyenne LEADS. \"Businesses in our area, workers, and the people living in our community stand to benefit a great deal from the development of this project.\" A report developed by the University of Wyoming's Center for Business and Economic Analysis estimates the CK Gold Project would create an estimated 2,600 direct and indirect jobs throughout the lifespan of the project. About U.S. Gold Corp U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. ...