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U.S. Gold Corp. announces $31.2 million private placement
USAU
New Projects/Investments
- U.S. Gold Corp. closed a private placement on December 23, 2025, raising approximately $31.2 million in gross proceeds.
- The placement involved the sale of 1,922,159 shares of common stock at $16.25 per share and warrants to purchase 961,077 shares at an exercise price of $23.00 per share.
- The offering shares were priced at an approximate 4% discount to the common shares' closing price of $16.91 on December 15, 2025.
- The company intends to use the net proceeds for initial development costs at its CK Gold Project, potential land acquisitions, further exploration of its properties, and general working capital purposes.
- New shareholders, including Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors, joined the company's shareholder registry as a result of this private placement.
Dec 23, 2025, 9:01 PM
U.S. Gold Corp. Announces Private Placement
USAU
New Projects/Investments
- U.S. Gold Corp. has closed a private placement, generating approximately $31.2 million in gross proceeds.
- The offering included 1,922,159 shares of common stock priced at $16.25 per share and 961,077 warrants exercisable at $23.00 per share.
- Net proceeds are earmarked for initial development costs at the CK Gold Project, potential land acquisitions, further exploration, and general working capital.
- New shareholders include Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors.
Dec 23, 2025, 1:00 PM
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