New York, May 26, 2026, 13:08 (EDT)
U.S. Gold Corp. shares traded higher Tuesday, gaining ground on gold as some investors checked back in after the holiday and looked again at the company’s CK Gold project in Wyoming. The stock, listed on the Nasdaq, was last quoted at $15.82, up 34 cents or 2.2%. About 65,714 shares changed hands, with the day’s range between $15.62 and $16.00.
Timing is in focus. U.S. markets started trading again after closing for Memorial Day on Monday, with the Nasdaq running its usual cash trading session from 9:30 a.m. to 4 p.m. Eastern.
Gold prices slipped. Reuters said spot gold dropped 1.3% to $4,511.23 an ounce as of 11:05 a.m. EDT, with traders reacting to new bets on higher U.S. rates. A round of fresh U.S. strikes on Iran lifted oil and added to inflation fears. “The bond markets are thinking that the next rate move by the Federal Reserve is going to be an increase,” Jim Wyckoff, market analyst at American Gold Exchange, told Reuters. Reuters
The split left USAU trading less like a pure gold play. Shares started to move more on how the company was positioned and demand for junior miners, not just gold prices.
Not much company news on the day. U.S. Gold in a May 22 8-K said its board has scheduled Oct. 13, 2026, for the fiscal-2026 annual meeting. The filing gave deadlines for shareholder proposals and board nominations. USAU’s common stock is also listed on the Nasdaq Capital Market, according to the same document.
CK is still the main story for U.S. Gold. Back in March, the company said a feasibility study valued CK’s after-tax net present value at $632 million at a 5% discount, with a 27% after-tax internal rate of return based on base-case metal prices. President and CEO George Bee called CK “one of the most compelling, resilient, and capital-efficient copper-gold-silver projects” in the U.S. U.S. Gold Corp.
Chairman Luke Norman a day later called the feasibility study “only the starting point of value at CK.” The company said it is still reviewing if it can extend mine life, improve gold recovery, sell aggregate, or change closure plans. U.S. Gold Corp.
Investor outreach is next for U.S. Gold. The company said on May 15 it plans to attend investor conferences in May and June. U.S. Gold is slated to present at The Mining Investment Event in Quebec City on June 4.
Peers also traded higher. The VanEck Junior Gold Miners ETF climbed about 4.1%. Dakota Gold jumped 7.3%, Perpetua Resources was up 5.1%, and Contango Silver & Gold gained 0.9%. That left USAU’s move roughly in line with the rest of the small gold-developers, not standing out from the group.
U.S. Gold is tied to the basket trade after being picked up by the GDXJ junior gold miners ETF when the fund rebalanced on March 20. The company said the addition took place at the close.
Funding remains the risk. U.S. Gold’s latest quarterly filing says the company might cover corporate expenses and ongoing project work, but it can’t push projects past the current stage without more capital. If gold prices fall again, interest rates stay where they are, or project loans come with terms investors reject, the stock’s Tuesday move could unwind fast.
USAU is getting some leeway from the market right now. The company isn’t a big bullion name or a producer at this stage. It’s a development play—working on a permitted project in Wyoming, with a new feasibility study done, but still facing an open financing question.
