U.S. Gold says CK Gold feasibility study shows after-tax NPV5% of $632 million

• U.S. Gold outlined financing talks for its fully permitted CK Gold project, targeting a construction decision in H2 2026.
• March 2026 feasibility study: after-tax NPV5% USD 632 million, 27% IRR, 2.5-year payback, 11-year mine life, 20 kt/d.
• At spot prices near USD 4,500/oz gold, after-tax NPV5% estimated at about USD 1.37 billion, payback about 1.6 years.
• Initial capital estimated at about USD 394 million, excluding pre-production owners’ costs; major permits secured, site work started under industrial siting permit.
• Company formed a special committee to assess M&A interest; evaluating a Keystone project spinout to limit dilution.

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