Unlocking value: US Gold Corp’s rock utilization plan
Published: 09:27 12 Dec 2024 EST
US Gold Corp (NASDAQ:USAU) CEO George Bee talked with Proactive's Stephen Gunnion about the latest developments at the CK Gold Project. Bee highlighted the project's achievements, including the completion of its permitting process with the air quality permit now secured. While the focus remains on mining copper and gold,
Bee shared insights on an innovative plan to repurpose non-copper and gold-bearing rock. Bee explained, "What we found is that the non-copper and gold-bearing rock is actually very marketable." The project’s location near Cheyenne, Wyoming, presents opportunities to supply rock for construction and infrastructure projects, including housing developments, roadways, and rail lines. The state benefits through royalties, while the company anticipates additional revenue streams and reduced reclamation costs. Importantly, these plans are not yet factored into the project’s economics, showcasing further potential upside.
Bee noted the broader benefits for the local community and the potential for extending the mine’s life beyond the initial ten-year plan.
