U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (October 2026)
35 slides from U.s. Gold's investor presentation, October 2026
Slide 1: On track to be Americas Next Gold & Copper Mine
On track to be Americas Next Gold & Copper Mine Combining Near-Term Production Potential with District- Scale Exploration in Mining Friendly U.S. Jurisdictions October 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: What Makes U.S. Gold Corp. Unique
What Makes U.S. Gold Corp. Unique • World-class portfolio, in stable and mining friendly U.S. jurisdictions, offering investors both near-term gold-copper production potential and blue-sky exploration upside. - CK Gold Project in Wyoming offers compelling value with approved development and operatin
Slide 4: Management & Directors
Management & Directors George Bee President & CEO, Director Luke Norman Mr. Bee has managed multiple world-class mining projects in 8 countries Non-Independent Chairman for major and junior mining companies. He has taken several mines from Mr. Norman has over 20 years of experience in development to
Slide 5: Financial Snapshot
Financial Snapshot | Minimal shares outstanding; Listed on NASDAQ Stock Information Recent significant financings & corporate activities Listing NASDAQ May 2026 SK-1300 Feasibility Study (TRS) released Symbol USAU Dec 2025 U.S. Gold Corp. closed $31.2 million private placement 52-week stock range (U
Slide 6: CK Gold Project 2026 Feasibility Study Summary
CK Gold Project 2026 Feasibility Study Summary* Headline Economic Performance for the March 2026 Study * AuEq After Tax Mine Life Process AuEq AISC Initial Sust. Capex • Feasibility Study Changes Reserve NPV(5) Rate oz/year (AuEq/oz) Capex • Project optimizations 1.598M 632M 11-yr 20 Ktpd 85,000 $1,
Slide 7: 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 8: CK Gold Project 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 8
Slide 9: CK Gold Project Feasibility Study
CK Gold Project Feasibility Study 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: CK Gold Project – Site Plan
CK Gold Project – Site Plan Pre-sorted rock storage facilities for later commercialization 80-acres Mine access 4-miles to paved State Dry Stack Tailings road Plant site 1.0 Mile Nasdaq: USAU | usgoldcorp.com 11
Slide 12: 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 13: Exploration Potential Under Investigation
Exploration Potential Under Investigation • Conversion and expansion of resources adjacent to and below permitted pit • M&I Conversion to Reserves • 590,000 Au Equivalent ounces • Inferred Conversion to M&I Resources • 677,000 Au Equivalent ounces • Project is drill limited with expected expansion a
Slide 14: What Makes The CK Project so Compelling?
What Makes The CK Project so Compelling? • Simple truck shovel mining scenario similar to nearby quarry operations • Small truck (100-150 ton) and shovel/loader fleet (20 yd) with very short haul distance and easy terrain to mine and construct on • There are many fleets of existing equipment operate
Slide 15: CK Project Start of Mine Access Road Construction
CK Project Start of Mine Access Road Construction Nasdaq: USAU | usgoldcorp.com 15
Slide 16: CK Gold Project – A Win-Win with State of Wyoming
CK Gold Project – A Win-Win with State of Wyoming • CK Gold is located on State of Wyoming land (no direct federal involvement) with royalty revenues earmarked for education. Approximately 255 local direct jobs to be created and many more indirect and induced employment opportunities. • Wyoming is a
Slide 17: Permitting and Social Outreach
Permitting and Social Outreach • Mine Operating Permit Approved – April 2024 - 10-year renewable • Industrial Siting Permit – June 2023, 3-year renewable term – term updated through December 2027 2-years of preparatory work, and approximately 20 months of agency review and optimization to approval U
Slide 18: Mine Closure and Legacy Opportunities
Mine Closure and Legacy Opportunities Mine Closure Plan Approved • Currently 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 addi
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. Advanced Engineering Advanced engineering with process plant design at FS level with bids for major equipment being solicited. Initiated early contractor engagement. Aggregate Market Study Potential to provide sig
Slide 21: Nevada and Idaho Exploration Overview
Nevada and Idaho Exploration Overview McEwen Mining’s Bar Gold Mine Keystone Project Discovering the next major gold opportunity on the Cortez Trend in Nevada Nevada Gold Mine’s Cortez Hills Complex Nasdaq: USAU | usgoldcorp.com 21
Slide 22: Keystone Project Location
Keystone Project Location Cortez Trend - An established gold mining jurisdiction • Produced ~4.47M oz of gold in 2021 - approx. 78% of U.S. gold production1 • 6th largest gold producing “country” in the world, if Nevada were a country • Historically, Nevada has produced > 225M oz of gold, hosting nu
Slide 23: Priority Target Areas
Priority Target Areas • Consolidated an entire district on the Cortez Trend, NV - 20 square miles, 100% Greenstone Gulch Tip Top controlled by U.S. Gold Corp. • Never systematically explored by Nina Skarn model-driven, modern-day Breccia Ridge exploration techniques • The extent and intensity of the
Slide 24: Cortez Complex Comparison to Keystone
Cortez Complex Comparison to Keystone Keystone Cortez ✓ Shallow and deep targets are largely untested ✓ 20 square miles of geologic mapping, soil ✓ Within Battle Mountain trend sampling and rock chip sampling ✓ 11 miles north of Keystone ✓ Approved Plan of Operations for targeted drilling Cortez and
Slide 25: Typical Keystone and Cortez Cross-Sections
Typical Keystone and Cortez Cross-Sections Eocene Dike Swarm Cortez Wenban Ore Host Wenban at Cortez Intrusive Keystone Wenban Eocene Intrusive Exploration Target Area within Wenban From Herron, 2018 Vectoring Cortez Hills Thesis Nasdaq: USAU | usgoldcorp.com 25
Slide 26: Keystone Stratigraphy
Keystone Stratigraphy • All holes encountered anomalous gold and strong pathfinder elements within thick favorable stratigraphy • Hole Key19-05rc was first test of Nina Skarn target area • Strongest continuous Au mineralization ever Key19-01c, Sophia Target encountered at Keystone to date • Altered,
Slide 27: Keystone Exploration
Keystone Exploration Keystone moved from scout hole to targeted drilling – vectoring toward discovery success 2019 targeted drilling of 7 holes • High priority targets to follow up on 2018 results • Provided a first test to several drill targets in areas previously inaccessible 2026 Plan • Leverage
Slide 28: Challis Gold Project - Idaho is a Mining State
Challis Gold Project - Idaho is a Mining State • Approved Plan of Operations from USFS • Challis Gold Project is located about 47 miles SW of Salmon, ID and 12 miles SW of Revival Gold’s Beartrack Project, within the Tertiary Challis Volcanic Field • Challis Gold is a low sulfidation, Au-Ag epitherm
Slide 29: ESG Scorecard | Where We Are Today
ESG Scorecard | Where We Are Today Environmental Social Governance Working towards a future low carbon footprint ZERO work-related safety incidents Footprint Work Force Majority of Board is independent Exploring carbon offset Substantial technology to get to Local Consultants future Net Zero Investm
Slide 30: The U.S. Gold Corp. Opportunity
The U.S. Gold Corp. Opportunity Advancing High-Quality Assets • Promising portfolio, in stable and mining friendly U.S. jurisdictions, offers investors both potential near-term production and considerable blue-sky exploration. • Team of accomplished explorers and proven company builders who have mad
Slide 31: Contacts
DEVELOPMENT PROVEN TEAM U.S. COMPANY HIGH UPSIDE PACKAGE Exciting combination of a Top quality management U.S. Gold Corp. is a US Large growth potential development stage and advisory team with based company, listed on for the current reserve permitted asset and high pedigrees of developing a major
Slide 32: APPENDIX
APPENDIX Nasdaq: USAU | usgoldcorp.com 32
Slide 33: CK Gold Project – March 2026 Feasibility Study Highlights
CK Gold Project – March 2026 Feasibility Study 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 Total Ore M
Slide 34: CK Gold Project – March 2026 Feasibility Study Highlights
CK Gold Project – March 2026 Feasibility Study Highlights VPT Calculation Inputs 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 Concentrate Smelting & Transport — Mixed $/lb Cu recovered 0.32 C
Slide 35: CK Gold Project – Reserve and Resource Estimates (2026)
CK Gold Project – Reserve and Resource Estimates (2026)* Mineral Reserves Statement Mass Gold (Au) Copper (Cu) Silver (Ag) Au Equivalent Resource defined by (AuEq) Tons Oz Oz Oz 215 drill-holes, totaling oz/st M lb % oz/st oz/st (Mst) (000s) (000s) (000s) 136,600ft, within the Proven (P1) 33.8 582 0