U.S. Gold Corp. Prepares for Next Project Phase Amidst Rising Gold and Copper Prices

07/31/24 • 4 min

Luke Norman, Chairman and Co-Founder of U.S. Gold Corp., recently spoke with Steve Darling from Proactive to discuss the company's latest activities and notable progress. During Frontier Days, a prominent community rodeo event near the company's project site, Norman engaged with local officials, including the governor and mayor, to bolster community outreach and support. A significant milestone has been achieved by U.S. Gold Corp. as the company secured its mining permit, paving the way for the next stages of their project. This includes the crucial task of updating their pre-feasibility study, a key upcoming announcement that investors and stakeholders are eagerly anticipating. The interview highlighted the positive impact of rising gold and copper prices, which have been favorable for the company's financial outlook. However, Norman pointed out that this advantageous shift has not yet been fully mirrored in the equity markets. He also reflected on the relatively rapid permitting process in Wyoming compared to federal lands in the U.S. and Canada, emphasizing the efficient cooperation with state and city officials. This stands in contrast to his experiences in Nevada, where obtaining even minor permits can be a prolonged ordeal. The discussion concluded with Norman expressing his congratulations on the company's achievements thus far and his optimism for future developments and updates. #proactiveinvestors #usgoldcorp #nasdaq #usau #mining #gold #copper USGoldCorp, #Mining, #LukeNorman, #MiningPermit, #GoldMining, #CopperPrices, #PreFeasibilityStudy, #CommunityOutreach, #FrontierDays, #WyomingMining, #MiningProgress, #GoldPrices, #CopperMining, #MiningMilestones, #StateCooperation, #MiningIndustry, #ProjectUpdate, #EquityMarkets, #MiningInvestors, #PermitToMine, #MiningAchievements #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Previous Episode

Chesapeake Financial Shares Reports Steady Q2 2024 Earnings and Declares Dividend

Chesapeake Financial Shares CEO Jeff Szyperski joined Steve Darling from Proactive to report stable earnings for the second quarter of 2024, with the company achieving earnings of $3,036,512, closely matching the $3,036,660 reported in the same period of 2023. Earnings per share were $0.646 fully diluted, slightly down from $0.648 in the previous year's second quarter. Total assets grew to $1,533,102,804, an increase of $62 million from year-end. Nonperforming assets decreased to 0.237% as of June 30, 2024, compared to 0.327% in the second quarter of 2023. Szyperski noted that the rapid rise in interest rates over the past two years has put pressure on the company's net interest margin, though this impact has started to diminish. Chesapeake Financial Shares was also named in American Banker magazine's "Top 100 Community Banks" for the 17th consecutive year. Additionally, the company announced a quarterly dividend of $0.155 per share, highlighting a 31-year consecutive dividend increase streak. The stock currently offers a 3.54% dividend yield, reflecting the company's strong commitment to returning value to shareholders. #proactiveinvestors #chesapeakefinancialsharesinc #otcqx #cpkf #JeffSzyperski, #Q2Earnings, #BankingSector, #FinancialStability, #Dividend, #LoanDemand, #NetInterestMargin, #EconomicOutlook, #BankConsolidation, #BankingChallenges, #FinancialPerformance, #CommunityBank, #BankAnniversary #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Next Episode

Kinetiko Energy moves on five-well production test program in South Africa

Kinetiko Energy Ltd (ASX: KKO) executive chairman Adam Sierakowski joins Proactive’s Jonathan Jackson to discuss the significant progress being made in the company’s efforts to develop an energy solution for South Africa, focusing on advanced shallow conventional gas projects in the Mpumalanga Province. The company has provided an update on its onshore gas exploration and production development activities. Site preparation has started for the first of five production test wells, with conductor casing and water monitor well drilling underway. This initial phase of preparation is expected to be completed within four weeks. Following this, the production test drilling rig is anticipated to be mobilised to the site in late August, with the spudding of the first well, 271-23PT, scheduled for early September. The nine-month program involves the sequential completion of five production test wells, with the objective of conducting extended flow testing on each well. Bottom hole targets for these wells have been carefully selected to interpret multiple gas reservoirs and optimise gas reserves certification. Additionally, the strategic location of these wells, adjacent to existing energy transmission infrastructure and off-takers, enhances their potential impact. Sierakowski highlighted the importance of this program, describing it as a transformative step forward for the company. With site preparations in progress and drilling set to start soon, Kinetiko is poised to unlock the potential of the existing 6 TCF Contingent Resource (2C) discovery within the Mpumalanga Province. This resource is currently equivalent to 1 BBOE and is expected to grow significantly. Each well has been strategically positioned to optimise gas reserves certification and is near existing infrastructure, making this program a critical milestone towards demonstrating the commercial viability of the basin. Core well drilling adjacent to the first production test well, 271-23PT, has already discovered 131.5 metres of gassy pay zones, as announced on November 30, 2022. The production testing program will provide invaluable data on flow rates and depletion curves, which are essential for modelling the economics of future production clusters. #ProactiveInvestors #KinetikoEnergy #ASX, #GasExploration, #Mpumalanga, #EnergySolution, #GasProduction, #SouthAfrica, #ShallowConventionalGas, #ProductionTestWells, #SitePreparation, #DrillingProgram, #EnergyInfrastructure, #GasReserves, #ContingentResource, #AdamSierakowski, #FlowTesting, #GasReservoirs, #EnergyTransmission, #EconomicModelling, #ProductionClusters #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews