Benzinga | Oct 13, 2020 09:46AM EDT

US Gold Issues Oct. Shareholder Letter

U.S. Gold Corp. (NASDAQ:USAU) (the "Company"), a gold exploration and development company, today announced that it has issued a letter to its shareholders outlining the Company's recent and expected milestones, as it continues to advance its assets and projects.

Recent Company highlights include:

* Acquisition of Northern Panther Resource Corporation, which provided USAU with the Challis Gold Project in Idaho, additional capital and some key industry shareholders

* Strengthening of the management team with the appointments of George Bee as President and Eric Alexander as CFO

* Commencement of the CK Gold Project Pre-Feasibility Study

"This year has been anything but normal with the ongoing upheavals caused by the COVID-19 pandemic, but I'm proud that U.S. Gold Corp. has continued to push forward and advance our portfolio like the CK Gold Project and grow our business with the acquisition of Northern Panther," stated Edward Karr, CEO of U.S. Gold Corp. "With the consistent strength of the gold market through turbulent times, I'm excited for what the coming months and years hold for our Company, and look forward to speaking with shareholders further at our annual general meeting in November."

A copy of the letter is available on our website at: www.usgoldcorp.gold/Oct2020-SH-Letter