U
U.S. GOLD CORP.
Period
FY 2025
Revenue
—
Net Income
$-20.60M
Total Assets
$24.87M
Equity
$11.59M
Shares Out
16.50M
Op. Cash Flow
$-9.90M
Business
U.S. Gold Corp. is a gold, copper and precious metals development and exploration company pursuing mineral opportunities primarily in Wyoming, Nevada and Idaho. The company owns the CK Gold Project in Wyoming (a development-stage property with proven and probable reserves), the Keystone Project in Nevada (exploration stage), and the Challis Gold Project in Idaho (exploration stage), along with a retained royalty interest on the Maggie Creek property in Nevada. The company does not currently generate revenue and finances exploration and development activities through capital markets.
Summary from 10-K filed 2025-07-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Net revenues | — | — | — | — | — | |
| Compensation and related taxes - general and administrative | 2 | 1 | 2 | 2 | 3 | |
| Exploration costs | 2 | 1 | 2 | 7 | 4 | |
| Professional and consulting fees | 5 | 3 | 4 | 4 | 4 | |
| General and administrative expenses | 4 | 1 | 2 | 1 | 947,513 | |
| Total operating expenses | 13 | 7 | 9 | 15 | 12 | |
| Loss from operations | −13 | −7 | −9 | −15 | −12 | |
| Gain from settlement of asset retirement obligation | — | 6,075 | — | — | — | |
| Interest income | 160,591 | 39,829 | 4,906 | — | — | |
| Change in fair value of warrant liability | −8 | 313,950 | 2 | — | — | |
| Total other income (loss) | −8 | 359,854 | 2 | 1 | — | |
| Loss before provision for income taxes | −21 | −7 | −8 | −14 | −12 | |
| Provision for income taxes | — | — | — | — | — | |
| Net loss | −21 | −7 | −8 | −14 | −12 | |
| Net loss per common share, basic | −1.8 | −0.74 | −0.9 | −1.92 | −3.8 | |
| Net loss per common share, diluted | −1.8 | −0.74 | −0.9 | −1.92 | — | |
| outstanding - basic | 11 | 9 | 8 | 7 | 5 | |
| outstanding - diluted | 11 | 9 | 8 | 7 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Cash | 8 | 6 | 8 | 9 | 14 | |
| Prepaid expenses and other current assets | 726,631 | 948,833 | 610,140 | 787,902 | 430,360 | |
| Total current assets | 9 | 7 | 8 | 10 | 14 | |
| Property, net | 431,875 | 458,107 | 490,925 | 349,917 | 172,222 | |
| Reclamation bond deposit | 1 | 1 | 857,509 | 832,509 | 718,509 | |
| Operating lease right-of-use asset, net | 34,410 | 70,331 | 32,080 | 64,064 | — | |
| Mineral rights | 14 | 14 | 14 | 16 | 16 | |
| Total non - current assets | 16 | 16 | 16 | 18 | 17 | |
| Total assets | 25 | 23 | 24 | 28 | 31 | |
| Accounts payable and accrued liabilities | 636,734 | 352,804 | 346,718 | 1 | 619,038 | |
| Stock payable | 208,809 | 42,500 | — | — | — | |
| Operating lease liabilities, current portion | 34,410 | 57,486 | 32,080 | 55,630 | — | |
| Total current liabilities | 879,953 | 452,790 | 378,798 | 1 | 619,038 | |
| Warrant liability | 12 | 4 | 4 | — | — | |
| Asset retirement obligation | 338,421 | 307,657 | 285,764 | 260,196 | 204,615 | |
| Operating lease liabilities, less current portion | — | 12,845 | — | 8,734 | — | |
| Deferred tax liability | 430,486 | 430,486 | 430,486 | — | — | |
| Total long-term liabilities: | 12 | 5 | 5 | 3 | 204,615 | |
| Total liabilities | 13 | 5 | 5 | 4 | 823,653 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of April 30, 2025 and 2024 | — | — | — | — | — | |
| Common stock, $0.001 par value; 200,000,000 shares authorized; 12,692,784 shares and 10,732,277 shares issued and outstanding as of April 30, 2025 and 2024 | 12,693 | 10,732 | 9,296 | 8,350 | 7,065 | |
| Additional paid-in capital | 105 | 90 | 85 | 82 | 74 | |
| Accumulated deficit | −93 | −73 | −66 | −58 | −44 | |
| Total stockholders equity | 12 | 17 | 19 | 23 | 30 | |
| Total liabilities and stockholders equity | 25 | 23 | 24 | 28 | 31 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Depreciation | 32,390 | 32,818 | 36,505 | 34,794 | 22,886 | |
| Accretion | 30,764 | 27,968 | 25,568 | 22,064 | 17,477 | |
| Amortization of right-of-use asset | 57,485 | 55,357 | 52,456 | 40,031 | — | |
| Stock based compensation | 2 | 593,556 | 1 | 2 | 4 | |
| Amortization of prepaid stock based expenses | 22,500 | 229,850 | 367,250 | 530,194 | 40,105 | |
| Prepaid expenses and other current assets | 222,202 | −504,943 | 512 | −42,236 | −151,497 | |
| Reclamation bond deposit | 25,000 | −301,820 | −25,000 | −114,000 | −362,953 | |
| Accounts payable and accrued liabilities | 326,430 | 36,386 | −728,687 | 466,367 | 356,005 | |
| Stock payable | 166,309 | 27,350 | — | — | — | |
| Operating lease liability | −57,485 | −55,357 | −52,756 | −39,731 | — | |
| NET CASH USED IN OPERATING ACTIVITIES | −10 | −7 | −9 | −13 | −9 | |
| Purchase of property and equipment | −6,158 | — | −177,513 | −178,972 | −42,991 | |
| NET CASH USED IN INVESTING ACTIVITIES | −6,158 | — | 3 | −178,972 | 2 | |
| Issuance of common stock, net of issuance cost | 10 | 5 | 5 | 7 | 9 | |
| Issuance of common stock for exercise of stock warrants | 2 | — | — | 1 | 2 | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 12 | 5 | 5 | 8 | 17 | |
| NET INCREASE/(DECREASE) IN CASH | 3 | −2 | −1 | −5 | 11 | |
| Interest | — | — | — | — | — | |
| Income taxes | — | — | — | — | — | |
| Issuance of common stock for accrued services | 42,500 | 15,150 | 195,000 | 5,000 | 2,011 | |
| Issuance of common stock for prepaid services | — | 63,600 | 190,000 | 845,500 | — | |
| Operating lease right-of-use asset and operating lease liability recorded upon lease modification | 21,564 | 93,608 | 20,472 | — | — |
Filings
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Frequently asked questions
What is U.S. GOLD CORP.'s CIK number?
U.S. GOLD CORP.'s SEC CIK number is 0000027093 (27093). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find U.S. GOLD CORP.'s SEC filings?
All of U.S. GOLD CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.