U.S. Gold Corp. (USAU) Q3 2026 earnings summary

Executive summary

• Continued engineering studies for CK Gold Project and enhanced understanding of Keystone Project deposit during the quarter.

• Completed a $31.2 million private placement in December 2025, strengthening liquidity.

• Acquired a 10-acre parcel of land in Wyoming to support CK Gold Project development.

Financial highlights

• No revenues generated for the three and nine months ended January 31, 2026 and 2025.

• Net loss for the quarter was $5.3 million, down from $6.4 million in the prior year quarter.

• Net loss for the nine months was $11.8 million, compared to $12.8 million for the same period last year.

• Total operating expenses for the quarter were $5.3 million, up from $5.1 million year-over-year.

• Cash at January 31, 2026 was $36.1 million, up from $8.2 million at April 30, 2025.

Outlook and guidance

• Sufficient cash to fund corporate activities, G&A, and current project activities for the next twelve months.

• Additional funds will be needed to advance projects beyond current objectives, raising substantial doubt about ability to continue as a going concern beyond the next year.