Employment and Vendor Opportunities: U.S. Gold Corp (USAU) completed the field activities in support of the permit application and feasibility study in the summer of 2022. In June 2023, the Industrial Siting Permit was approved, and the Mine Operating and Closure Permit was received in May 2024. We received the final permit for air quality in November 2024.

With the permits in hand, the company has confirmation of the required operating and reclamation conditions and standards, and can finalize engineering, design and pre-development work. USAU is also currently conducting several optimization studies with the goal of reducing costs and increasing efficiency. This information is necessary to update the prefeasibility report, which should be released in early 2025, and to complete a full feasibility report, which we anticipate in mid-2025. Securing financing is dependent upon the results of the feasibility study and will dictate when construction and operations could begin.

Construction of the plant and infrastructure necessary to operate the mine could begin in late 2025, which would take about 18-months. Under this schedule, mining could begin in 2027. Hiring employees, purchasing and procurement for mine operations are 100% dependent upon finalizing the feasibility report and securing financing.

USAU is committed to hiring and utilizing Wyoming based contractors and employees on the project. Currently the company is not hiring and does not have any active RFPs for vendors or open positions. USAU is collecting names and contact information for interested vendors and employees, and when the time comes, the company will be very active in recruiting locally and advertising the opportunities. The project website, www.ckgoldmine.com, is a good way to keep up to date on the project and will have information on employment opportunities when they are available.

We will be sure to keep the community updated as the project moves forward.