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Gold Gets the Glory-But Copper Seems to Have Blown Past It and Looks Like the Future

In Prime Position, US Gold Corp. (NASDAQ:USAU) Could Be Sitting On Over Roughly $1 Billion in Copper

Why does gold seem to get all the attention? We all know about gold by now, and how the bulls claim that this could be the year gold does this and that.

But why isn’t copper getting more love?

Yes gold appears to remain a reliable store of value.

But copper, especially relative to gold, appears to have seen recent momentum. Take a look for a second at the below chart- the price of copper vs. the price of gold. Notice how their returns compare since both saw 12-month lows on March 23, 2020.

On March 23, copper’s price seems to have been roughly $2.10/lb compared to gold’s price of about $1567/oz. Since then, copper appears to have advanced to approximately $3.79 per pound and netted a return of roughly 80%. In comparison, gold seems to have increased only about 16.73% to a price of approximately $1823/oz.

Thus far, in 2021, the difference in trend between the two metals appears to be even more striking and directly opposite! While copper seems to have advanced about 6.5%, gold seems to have declined approximately 6.34%!

Why, if everyone keeps yapping about gold this and gold, has copper quietly outperformed and become one of the most sought after precious metals?

For thousands of years, copper appears to have played a key role in technology and day to day life. Because copper seems to be an excellent conductor of electricity and heat, you can seemingly find it everywhere. Its wiring is used in our homes, its alloys make up much of our pipes, and it’s likely used in the device you’re using to read this!

Most importantly, though, copper is seen as the “green metal.” Copper appears to be one of the oldest continually used metals globally and one of the most recycled metals in the world, which helps preserve its value.

Do you know what else comes with being recyclable? A prime position in this new era of renewable energy, focusing on the environment and electric vehicles.

As you know, Tesla appears to have positioned itself as the king of the EV market and the automobile market as a whole as the most valuable automaker in the world.(12)

But do you know what each brand new Tesla requires? Around 80 kg (176 lbs) of copper!(13)

Copper is not only needed for cars. But it’s also required for the batteries.

When you consider how Tesla’s stock seems to have performed, along with battery metals such as lithium and cobalt, it’s no wonder why copper appears to be in prime position.

The potential for copper seems to make mining company US Gold Corp (NASDAQ:USAU) seem so intriguing.

US Gold could be perfectly positioned for what could be the dawn of the copper era. This miner claims to possibly be sitting on about 300,000,000 pounds worth more than $1 billion worth of copper. When you consider that the company also appears to have easy rail access to Tesla’s Nevada Gigafactory, the story becomes even more interesting.

Although its copper deposit is not yet in production, it could be supplying much-needed copper to the growing U.S. EV auto industry in just a few short years.

The Top Reasons to Consider US Gold Corp. (NASDAQ:USAU) 

  1. This could be the dawn of the copper era. Since March 23, 2020, copper seems to have outperformed gold by almost 64%. Year-to-date, copper also appears to have advanced about 6.5%, compared to gold declining approximately 6.34%.
  2. Despite gold’s use as a store of value, copper could potentially offer people more potential as a commodity.
  3. For thousands of years, copper has been a vital metal in our day to day lives thanks to its properties as an excellent conductor of electricity and heat.
  4. Because of these properties, and their recyclability, copper is seen as the “green metal” and could be in prime position for this new renewable energy era, focusing on the environment and electric vehicles.
  5. Each new EV appears to require roughly 80 kg (176 lb) of copper- both for the car itself and battery.(13)
  6. Outside of its gold assets, US Gold (NASDAQ:USAU) could be potentially sitting on roughly $1 billion worth of copper reserves.
  7. US Gold (NASDAQ:USAU) appears to have a promising portfolio in stable and mining friendly US jurisdictions. The portfolio could offer people both potential near-term production and sizable blue-sky exploration.(6)
  8. Its CK Project appears to be a strong copper deposit and could offer potential exposure to compelling value and possible near-term production in mining-friendly Wyoming.(6) Although the copper deposit is not yet in production, it could be supplying much-needed copper to the US EV auto industry in a few short years.
  9. The CK Project seems to be located just 2 miles north of a significant East-West Union Pacific rail line. With this rail line, copper concentrate could potentially be shipped quickly and directly to Tesla’s Nevada Gigafactory.
  10. H.C. Wainwright appears to be bullish on the stock, with a price target of approximately $17.50.(7)
  11. US Gold has top-quality management and advisory teams with pedigrees of developing renowned mining projects.(6)

US Gold (NASDAQ:USAU) Appears to be Technically Appealing

After bottoming out at about $8.01 in November 2020, the USAU stock ran to a recent high of approximately $16.43 – good for a return of roughly 105%.

Since then, the stock dipped to nearly $10.75 a share, where it seems to have caught strong support. With copper’s potential, the USAU stock could have potential. In addition, the USAU stock also appears to be oversold based on its relative strength (RSI), MACD, and on Williams’ %R.

Also, its short-, medium-, and long-term indicators seem to be positive, such as its 20-day MA, 20-50 day MACD oscillator, 20-100 day MACD oscillator, 20-200 day MACD oscillator, 50-day MA, 50-100 day MACD oscillator, 50-150 day MACD oscillator, 50-200 day MACD oscillator, 100-day MA, 150-day MA, 200-day MA, and its 100-200 day MACD oscillator.

In addition, US Gold is one of a few exploration and development companies listed on the NASDAQ.  It also has a tight share structure, with just around six million shares of common stock outstanding with no long-term debt and solid cash balance.

US Gold’s (NASDAQ:USAU) Multiple Mines Could Set it Up For Success

US Gold Corp. (NASDAQ:USAU) is a US-focused mineral exploration and development company. USAU appears to be advancing 4 projects: The CK Project located in Southeast Wyoming, Keystone – located on the Cortez Trend in North Central Nevada, Maggie Creek on the Carlin Trend in Nevada, and the Challis Gold Project located in Idaho.

But its CK Project appears to be its primary project.

For one, the CK Project seems to be targeting near-term production in Wyoming.(6)


(6)

Wyoming is considered to be a very mining-friendly jurisdiction, and a region of the county with seemingly endless copper possibilities.

According to the company, the PEA shows that they have approximately 300,000,000 pounds of copper in their deposit. At copper’s current $3.79 per pound price, that alone could make this deposit worth roughly $1.137 Billion.

Furthermore, the CK Gold deposit is located just about 2 miles north of a central East-West Union Pacific rail line.

Why could all of this potential copper and this proximity to a rail line be such a big deal? USAU could potentially use this access to directly ship copper concentrate to Tesla’s Nevada-based Gigafactory.

Although its copper deposit does not yet appear to be in production, it could be supplying much-needed copper to Tesla and the entire American EV auto industry in just a few short years.

This could be American copper, from a future American mine, creating American jobs.

US Gold Corp. (NASDAQ:USAU) is Led by an Experienced Team with a History of Success 

When evaluating a company’s potential, it’s important to examine the quality of the company’s management. US Gold Corp certainly appears to have a strong, experienced, and high-quality team running the company.

George Bee
PRESIDENT, CEO AND DIRECTOR

Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He has an extensive career advancing world-class gold mining projects in eight countries on three continents for both major and junior mining companies. Most recently in 2018 Mr. Bee concluded a third term with Barrick Gold as Senior VP Frontera District in Chile and Argentina to advance Pascua Lama feasibility as an underground mine. This capped a 16-year history with Barrick Gold with positions that included Mine Manager at Goldstrike during early development and operations, Operations Manager at Pierina Mine taking Pierina from construction to operations, and General Manager of Veladero developing the project from advanced exploration through permitting, feasibility and into production.

With his Barrick experience and having had eight years in South Africa working underground gold with Anglo American and open pit copper with Rio Tinto at Palabora Mine, Mr. Bee was well placed to advance projects internationally and domestically as a senior executive. This led to his appointment to various board and leadership positions at various companies. As COO of Aurelian Resources in 2007, he was in charge of project development for Fruta del Norte in Ecuador until Aurelian was acquired by Kinross Gold in 2008. Post-acquisition, moving on from Kinross, where he had also previously worked from 1996 to 1998 advancing projects in El Salvador and Nevada, he joined Andina Minerals as CEO in 2009. Andina and its 6 million-ounce Volcan Gold Project in Chile was acquired by Hochschild in 2013. By this time Mr. Bee had been appointed to the boards of Peregrine Metals and later Stillwater Mining and Jaguar Mining. In 2014, he also assumed the role of Chief Executive Officer of Jaguar Mining, operating mines in Brazil, as the company emerged from a financial restructuring process.

Mr. Bee is a graduate of the Camborne School of Mines in Cornwall, United Kingdom and is a member of the Institute of Corporate Directors with an ICD.D designation.

Eric Alexander
CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY

Mr. Eric Alexander has over 30 years of corporate, operational and business experience, and over 15 years of mining industry experience. Previously he served as Corporate Controller of Helix Technologies, Inc., a publicly traded software and technology company from April 2019 to September 2020. Prior to that, he served as the Vice President Finance and Controller of Pershing Gold Corporation, a mining company (formerly NASDAQ: PGLC), from September 2012 until April 2019.

Prior to that, Mr. Alexander was the Corporate Controller for Sunshine Silver Mines Corporation, a privately held mining company with exploration and pre-development properties in Idaho and Mexico, from March 2011 to August 2012.

He was a consultant to Hein & Associates LLP from August 2012 to September 2012 and a Manager with Hein & Associates LLP from July 2010 to March 2011. He served from July 2007 to May 2010 as the Corporate Controller for Golden Minerals Company (and its predecessor, Apex Silver Mines Limited), a publicly traded mining company with operations and exploration activities in South America and Mexico. In addition to his direct experience in the mining industry, he has also held the position of Senior Manager with the public accounting firm KPMG LLP, focusing on mining and energy clients.

Mr. Alexander has a B.S. in Business Administration (concentrations in Accounting and Finance) from the State University of New York at Buffalo and is also a licensed CPA.

Ken Coleman
CHIEF GEOLOGIST 

Ken Coleman is a geologist with extensive experience in Nevada. Ken joined U.S. Gold Corp. from Barrick Gold Corporation where he was a mine geologist at the Goldstrike Mine. Prior to Barrick, Ken was a consulting, mine and project geologist for Battle Mountain Gold, Comstock Mining and Victoria Gold. Ken brings deep exploration and geological experience to the U.S. Gold Corp. team. He has been a member of the Geological Society of Nevada since 2005.

The Top Reasons to Consider US Gold Corp. (NASDAQ:USAU)

  1. This could be the dawn of the copper era. Since March 23, 2020, copper seems to have outperformed gold by almost 64%. Year-to-date, copper also appears to have advanced about 6.5%, compared to gold declining approximately 6.34%.
  2. Despite gold’s use as a store of value, copper could potentially offer people more potential as a commodity.
  3. For thousands of years, copper has been a vital metal in our day to day lives thanks to its properties as an excellent conductor of electricity and heat.
  4. Because of these properties, and their recyclability, copper is seen as the “green metal” and could be in prime position for this new renewable energy era, focusing on the environment and electric vehicles.
  5. Each new EV appears to require roughly 80 kg (176 lb) of copper- both for the car itself and battery.(13)
  6. Outside of its gold assets, US Gold (NASDAQ:USAU) could be potentially sitting on roughly $1 billion worth of copper reserves.
  7. US Gold (NASDAQ:USAU) appears to have a promising portfolio in stable and mining friendly US jurisdictions. The portfolio could offer people both potential near-term production and sizable blue-sky exploration.(6)
  8. Its CK Project appears to be a strong copper deposit and could offer potential exposure to compelling value and possible near-term production in mining-friendly Wyoming.(6)Although the copper deposit is not yet in production, it could be supplying much-needed copper to the US EV auto industry in a few short years.
  9. The CK Project seems to be located just 2 miles north of a significant East-West Union Pacific rail line. With this rail line, copper concentrate could potentially be shipped quickly and directly to Tesla’s Nevada Gigafactory.
  10. H.C. Wainwright appears to be bullish on the stock, with a price target of approximately $17.50.(7)
  11. US Gold has top-quality management and advisory teams with pedigrees of developing renowned mining projects.(6)

Source 1: https://www.kitco.com/news/2021-02-08/CIBC-trims-gold-price-forecast-but-remains-bullish-with-2-100-average.html
Source 2: https://www.cnbc.com/2020/11/24/gold-to-2500-two-etf-analysts-on-citis-bullish-call-for-2021.html
Source 3: https://www.usfunds.com/in-the-news/frank-holmes-calls-4-000-gold/
Source 4: https://goldprice.org
Source 5: https://markets.businessinsider.com/commodities/news/gold-price-undervalued-coronavirus-hedge-funds-elliott-management-2020-5-1029166586
Source 6: https://d1io3yog0oux5.cloudfront.net/_9f58bacfe0fb77b5be9f9417be15b9b8/usgoldcorp/db/280/795/pdf/USAU+Corporate+Presentation+Feb+2021.pdf
Source 7: https://www.smarteranalyst.com/new-blurbs/h-c-wainwright-sticks-to-their-buy-rating-for-us-gold-usau-3/
Source 8: https://www.usgoldcorp.gold/news-media/press-releases/detail/115/u-s-gold-corp-issues-ceo-update-on-project-advancements
Source 9: https://www.reviewjournal.com/business/2-new-major-finds-may-extend-nevadas-gold-boom-for-years-1972010/
Source 10: https://d1io3yog0oux5.cloudfront.net/_9f58bacfe0fb77b5be9f9417be15b9b8/usgoldcorp/db/280/795/pdf/USAU+Corporate+Presentation+Feb+2021.pdf
Source 11: https://ir.usgoldcorp.gold/press-releases/detail/95
Source 12: https://www.visualcapitalist.com/worlds-top-car-manufacturer-by-market-cap/
Source 13: https://alphaomegarecycling.com/electric-cars-role-may-increase-demand-base-metals/#:~:text=A%20fully%20electric%20car%20uses,upside%20in%20other%20green%20technologies.

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Company Contact

Address: 1910 East Idaho Street Suite 102-Box 604 Elko NV 89801 US
Phone: +1 800 557-4550
Website: https://www.usgoldcorp.gold
Email: [email protected]

Company Description

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration company. U.S. Gold Corp. has a portfolio of pre-development and exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. The company is currently advancing CK to Pre-Feasibility in 2Q 2021 and aims to file mine permits in 4Q 2021 based off the results of the PFS. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please visit www.usgoldcorp.