U.S. Gold Signs Powerline Contract for CK Gold Project

CHEYENNE, Wyo., Aug. 27, 2025 – U.S. Gold Corp. (Nasdaq: USAU) has taken a key step forward in advancing its flagship CK Gold Project in southeast Wyoming. The company announced that its wholly owned subsidiary, Gold King Corp., has signed an engineering and procurement contract with Cheyenne Light, Fuel and Power (CLFP), a subsidiary of Black Hills Corp., to initiate the process of delivering electricity to the project site.

The agreement marks the first formal step toward the construction of a dedicated powerline that will provide the approximately 30 megawatts of power required to operate the gold and copper development. As part of the contract, CLFP will begin pre-construction planning, engineering, and procurement activities needed to establish facilities that will ultimately support the project’s energy needs.

Kevin Francis, Vice President of Exploration & Technical Services at U.S. Gold Corp., emphasized the importance of the collaboration, stating: “CLFP has provided us with excellent engineering support and power solutions that will enhance the CK Gold Project.”

Scope of Work

Under the contract, CLFP will focus on:

• Development of general arrangement drawings and electrical layouts
• Substation design to ensure reliable delivery of power
• A full project schedule and budget plan
• Land rights acquisition, environmental reviews, and permitting processes
• Required regulatory filings to state and federal agencies
• Procurement of long lead-time materials to keep the project on track

These steps will lay the groundwork for full-scale construction, ensuring that energy infrastructure is aligned with the CK Gold Project’s development schedule.

Strategic Importance for Wyoming Mining

The CK Gold Project, which has already completed a Preliminary Feasibility Study prepared by Samuel Engineering Inc., is viewed as one of the most promising new mining projects in Wyoming. Located just outside Cheyenne, the development is expected to generate substantial economic benefits for the state through job creation, energy investment, and mineral production.

By securing power through CLFP’s grid, the project gains access to a reliable energy source critical for operating mining and processing equipment. The arrangement also underscores U.S. Gold Corp.’s commitment to aligning its operations with local utility providers and regulatory frameworks.

U.S. Gold Corp. Portfolio

In addition to CK Gold, U.S. Gold Corp. maintains a diverse exploration portfolio:

• Keystone Project on the Cortez Trend in Nevada, one of the most prolific gold-producing regions in the world.
• Challis Gold Project in Idaho, which offers further exploration opportunities.

Looking Ahead

While the contract with CLFP is a milestone, U.S. Gold Corp. reminded investors that the project’s progress remains subject to permitting, financing, and commodity market conditions. In line with the U.S. Private Securities Litigation Reform Act of 1995, the company noted that forward-looking statements are inherently uncertain and could be affected by market prices, regulatory approvals, and exploration outcomes.

If successful, the CK Gold Project could become a cornerstone of U.S. Gold Corp.’s production pipeline and a significant contributor to Wyoming’s growing mining economy.

For more information, visit www.usgoldcorp.com.

Originally reported by U.S. Gold Corp in PR News Wire.