U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (April 2026)
23 slides from U.s. Gold's investor presentation, April 2026
Slide 1: On track to be the next 85,000+oz AuEq/yr Gold-Copper Producer
On track to be the next 85,000+oz AuEq /yr. Gold-Copper Producer Combining Near-Term Production Potential with District- Scale Exploration in Mining Friendly U.S. Jurisdictions Analyst Call April 2026 www.usgoldcorp.com NASDAQ: USAU
Slide 2: Forward Looking Statements
Forward Looking Statements TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about U.S. Gold Corp. (“U.S. Gold” or the “Company”). U.S. Gold has made reasonable efforts to ensure that the information contain
Slide 3: 2026 CK Gold Project Feasibility Study
2026 CK Gold Project Feasibility Study • FEASIBILITY STUDY • Engineers and Consultants • Halyard Micon International – Lead Engineer • Tierra Group International – Tailings and Water Management • We would like to thank all our shareholders and financial • Eric Brunk, Samuel Engineering – Client Proj
Slide 4: 2026 Feasibility Study Summary
CK Gold Project 2026 Feasibility Study Summary Headline Economic Performance for the March 2026 Study * Feasibility Study Includes AuEq After Tax Mine Life Process AuEq AISC Initial Capex Sust. Capex • Tariffs and Inflation impacts Reserve NPV(5) Rate oz/year (AuEq/oz) on OPEX and CAPEX costs 1.598M
Slide 5: 2026 Feasibility Study Summary
CK Gold Project 2026 Feasibility Study Summary Headline Economic Performance for the March 2026 Study * Capital Expenditure (incl. Contingency) • PFS to Feasibility Study Changes +$117M Initial Capital – incl. Contingency ($M)3 394 • Revised Scope Items $12.6M Pre-production Owners Costs ($M) 26 • W
Slide 6: CK Gold Project - Location Makes a Huge Difference
CK Gold Project - Location Makes a Huge Difference CK Gold Project Mineral Lease Holding w. OSLI Advantageously Situated Near Major Highways & Rail ~20 min. West of Cheyenne ~3 miles North of I-80 Happy Jack Rd Future Open Pit Road Network Granite Canyon Quarry Water Power Manpower Support Services
Slide 7: CK Gold Project - Location Makes a Huge Difference
CK Gold Project - Location Makes a Huge Difference Nasdaq: USAU | usgoldcorp.com 7
Slide 8: CK Gold Project – Site Plan
CK Gold Project – Site Plan Pre-sorted rock storage facilities for later 80-acres commercialization Mine access 4-miles to paved State Dry Stack Tailings road Plant site 1.0 Mile Nasdaq: USAU | usgoldcorp.com 8
Slide 9: Feasibility Study
CK Gold Project Feasibility Study Tailing Facility Flotation Mine Ready Line Filtration Access Tailings Warehouse Primary Crusher Loadout Stockpile Grinding Section Nasdaq: USAU | usgoldcorp.com 9
Slide 10: CK Gold Project – Advanced Engineering
CK Gold Project – Advanced Engineering Flotation Grinding Section Filtration • Primary grind to 90µ • SAG mill • Ball mill • Rougher flotation Tailings • Jameson cells Loadout Thickeners/tankage • Regrind (Vertimill) • 25µ • Scavenger cleaner flotation • Jameson cells • Concentrate filters and stora
Slide 11: Feasibility Study
CK Gold Project Feasibility Study View looking to the southeast with pebble crusher in the foreground Nasdaq: USAU | usgoldcorp.com 11
Slide 12: CK Gold Project – Advanced Engineering
CK Gold Project – Advanced Engineering Flotation Grinding Section Filtration • Primary grind to 90µ • SAG mill • Ball mill Filtration Island, 4-units • Rougher flotation Jord HVBF J405-I4V3 Tailings • Jameson cells Loadout Thickeners/tankage • Regrind (Vertimill) • 25µ • Scavenger cleaner flotation
Slide 13: CK Gold Project – Advanced Engineering
CK Gold Project – Advanced Engineering • Primary Crusher • Metso C150 (178”x125”-200kW) • Pebble Crusher • Metso (HP 350e) • SAG Mill • NCPI F100 (34’x18.5’2x 6,000kW) • Ball Mill • NCPI (24’x34’ 2x6,000kW) • Jameson Cells • (7.4mx4.9m) • Regrind-Mill • (FLS VPX 10000 2,000kW) • Tailings Filter • (J
Slide 14: Plant Interior View – Looking East past Grinding Section
Plant Interior View – Looking East past Grinding Section Detail in 3-D design allows for better layout visualization and facilitates more accurate estimates of steel, platework, piping, electrical and instrumentation Auto Desk Navisworks – 3-D design tool Nasdaq: USAU | usgoldcorp.com 14
Slide 15: Plant Interior View – Cyclone Bank, Flotation and Regrind Section
Plant Interior View – Cyclone Bank, Flotation and Regrind Section Nasdaq: USAU | usgoldcorp.com 15
Slide 16: Plant Interior View – Tailing Filtration Island
Plant Interior View – Tailing Filtration Island Nasdaq: USAU | usgoldcorp.com 16
Slide 17: 1 Million Ounces Gold, 260 Mlbs Copper and Counting
1 Million Ounces Gold, 260 Mlbs Copper and Counting • 1.598M AuEq mineral reserves (1.015 Moz gold, Positive results from 2020 260 Mlbs copper, 3 Moz silver step-out RC drilling • Hosted in a granodiorite hosted shear zone. It’s postulated (Sillitoe, June 2022) the deposit is a porphyry in origin an
Slide 18: Mine Closure and Legacy Opportunities
Mine Closure and Legacy Opportunities Mine Closure Plan Approved • Contemplates partial pit back-fill • Returning land to pasture and wildlife habitat Potential Mine Closure Scenario • Envisions the possibility of the completed open pit as water storage • Eliminates the need to create additional wat
Slide 19: CK Gold Project – Upside Potential
CK Gold Project – Upside Potential • The possible use of high-quality aggregate and rail ballast not captured fully in the FS; potential to provide significant upside to CK’s NPV and additional royalty payments to Wyoming. • Vibrant market for aggregate and ballast within trucking distance of the pr
Slide 20: Future CK Catalysts
Future CK Catalysts Fully Permitted All major permits obtained, ready for development. Detailed Design Engineering Advanced engineering with process plant design at FS level with bids for major equipment being solicited. Early contractor engagement transitioning to engagement Aggregate Market Study
Slide 21: CK Gold Project – March 2026 FS Highlights
CK Gold Project – March 2026 FS Highlights* Halyard Micon International issued an S-K 1300 technical Mining Total Tonnage Mined (k ton) 140,597 report Feasibility Study (FS)* showing the following metrics: Total Tonnage Moved (includes stockpile and waste rehandle) 163,546 Processing Costs – includi
Slide 22: CK Gold Project – March 2026 FS Highlights
CK Gold Project – March 2026 FS Highlights* Gold Price $/oz 2100.00 Copper Price $/lb 4.10 Silver Price $/oz 27.00 NSR Royalty* % 2.1 Concentrate Smelting & Transport — Oxide $/lb Cu recovered 0.29 Reserve Value per Ton Concentrate Smelting & Transport — Mixed $/lb Cu recovered 0.32 Concentrate Smel
Slide 23: CK Gold Project – Reserve and Resource Estimates (2026)
CK Gold Project – Reserve and Resource Estimates (2026)* Mineral Reserves Statement Au Equivalent Mass Gold (Au) Copper (Cu) Silver (Ag) Resource defined by (AuEq) Tons Oz oz/st M lb % Oz oz/st Oz oz/st 215 drill-holes, totaling (Mst) (000s) (000s) (000s) Proven (P1) 33.8 582 0.017 129 0.191 1542 0.