NASDAQ: USAU
U.S. GOLD CORP.CIK 0000027093 · SIC 1000 · Metal Mining
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (MU 10-K) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade USAU commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
U.S. Gold Corp. reschedules annual meeting to October, sets stockholder proposal deadlines
3 material changes detected. Sign up free to read the summary.
U.S. Gold completes feasibility study for CK Gold Project in Wyoming
3 material changes detected. Sign up free to read the summary.
U.S. Gold Corp. completes routine annual meeting, elects five directors and ratifies auditor
3 material changes detected. Sign up free to read the summary.
U.S. Gold announces completion of Feasibility Study for CK Gold Project
2 material changes detected. Sign up free to read the summary.
net income -$5.3M. U.S. Gold boosts cash 4x
5 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Sep 11, 2026 (period ending Jul 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
| Description | Three months ended July 31, 2026 | Three months ended July 31, 2025 |
|---|---|---|
| Net revenues | - | - |
| Operating expenses: | ||
| Compensation and related taxes | 529,754 | 328,281 |
| Exploration costs | 335,641 | 275,081 |
| Professional and consulting fees | 2,437,064 | 1,448,415 |
| General and administrative expenses | 1,456,613 | 1,586,300 |
| Total operating expenses | 4,759,072 | 3,638,077 |
| Loss from operations | (4,759,072) | (3,638,077) |
| Other income: | ||
| Interest income | 152,199 | 65,578 |
| Other income | 6,000 | - |
| Change in fair value of warrant liability | - | 1,495,000 |
| Total other income | 158,199 | 1,560,578 |
| Loss before provision for income taxes | (4,600,873) | (2,077,499) |
| Provision for income taxes | - | - |
| Net loss | (4,600,873) | (2,077,499) |
| Net loss per common share, basic and diluted | (0.28) | (0.15) |
| Weighted average common shares outstanding basic and diluted | 16,526,163 | 13,866,388 |
Condensed Consolidated Balance Sheets (Unaudited)
| Description | July 31, 2026 | April 30, 2026 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | 27,114,710 | 30,655,391 |
| Prepaid expenses and other current assets | 1,420,460 | 1,540,447 |
| Total current assets | 28,535,170 | 32,195,838 |
| NONCURRENT ASSETS: | ||
| Property, net | 2,273,838 | 2,294,199 |
| Reclamation bond deposit | 1,256,929 | 1,256,929 |
| Operating lease right-of-use asset, net | 81,815 | 96,223 |
| Mineral rights | 14,370,255 | 14,370,255 |
| Total noncurrent assets | 17,982,837 | 18,017,606 |
| Total assets | 46,518,007 | 50,213,444 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued liabilities | 626,864 | 495,052 |
| Stock payable | 80,000 | 65,000 |
| Operating lease liabilities, current portion | 61,142 | 59,475 |
| Total current liabilities | 768,006 | 619,527 |
| LONG- TERM LIABILITIES | ||
| Asset retirement obligations | 381,590 | 372,250 |
| Operating lease liabilities, noncurrent portion | 20,761 | 36,748 |
| Deferred tax liability | 430,486 | 430,486 |
| Total long-term liabilities | 832,837 | 839,484 |
| Total liabilities | 1,600,843 | 1,459,011 |
| Commitments and Contingencies (see Note 12) | ||
| STOCKHOLDERS’ EQUITY : | ||
| Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of July 31, 2026, and April 30, 2026 | - | - |
| Common stock, $0.001 par value; 200,000,000 shares authorized; 16,526,163 shares and 16,526,163 shares issued and outstanding as of July 31, 2026, and April 30, 2026 | 16,526 | 16,526 |
| Additional paid-in capital | 160,116,814 | 159,353,210 |
| Accumulated deficit | (115,216,176) | (110,615,303) |
| Total stockholders’ equity | 44,917,164 | 48,754,433 |
| Total liabilities and stockholders’ equity | 46,518,007 | 50,213,444 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Three months ended July 31, 2026 | Three months ended July 31, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (4,600,873) | (2,077,499) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 20,361 | 8,436 |
| Accretion | 9,340 | 8,479 |
| Amortization of right-of-use asset | 14,408 | 14,833 |
| Stock based compensation | 763,604 | 155,013 |
| Amortization of prepaid stock-based expenses | - | - |
| Change in fair value of warrant liability | - | (1,495,000) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 119,987 | (194,401) |
| Reclamation bond deposit | - | - |
| Accounts payable and accrued liabilities | 131,812 | 257,300 |
| Stock payable | 15,000 | 22,500 |
| Operating lease liability | (14,320) | (14,833) |
| NET CASH USED IN OPERATING ACTIVITIES | (3,540,681) | (3,315,172) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock for exercise of stock option | - | 13,204 |
| Proceeds from issuance of common stock for exercise of stock warrants | - | 6,483,012 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | - | 6,496,216 |
| NET (DECREASE) INCREASE IN CASH | (3,540,681) | 3,181,044 |
| CASH beginning of period | 30,655,391 | 8,168,767 |
| CASH end of period | 27,114,710 | 11,349,811 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for: | ||
| Interest | - | - |
| Income taxes | - | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | ||
| Issuance of common stock for accrued services | - | 193,809 |
| Issuance of common stock for prepaid services | - | 37,500 |
| Reclassification of warrant liability into equity upon exercise of warrants | - | 10,136,100 |
| Operating lease right-of-use asset and operating lease liability recorded upon lease modification | - | 78,054 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗