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Stock impact report

Why U.S. Gold (USAU) Is Focused on Funding and Permitting Rather Than Revenue Yet [Yahoo! Finance]

U.S. Gold Corp. (USAU) 
US:NASDAQ Investor Relations: usgoldcorp.gold
Company Research Source: Yahoo! Finance
On March 17, U.S. Gold filed its quarterly report for the period ended January 31, 2026, showing that the company remains in the development stage, with no revenue, as it continues to advance the CK Gold Project in Wyoming. Net loss for the quarter narrowed to about $5.3 million from $6.4 million a year earlier, while the loss for the first nine months of fiscal 2026 was about $11.8 million. The bigger financial change was on the balance sheet. Cash, cash equivalents, and restricted cash rose to roughly $36.1 million at January 31, up from about $7.8 million at April 30, 2025, following the $31.2 million private placement completed in December 2025. Why U.S. Gold (USAU) Is Focused on Funding and Permitting Rather Than Revenue Yet U.S. Gold said that cash should be enough for near-term corporate overhead and planned permitting, licensing, engineering, metallurgical, baseline, and pre-construction work, though it also said additional capital will likely be needed to carry the CK Go Show less Read more
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