U.S. Gold net loss narrows to $17.21 million in FY26; no revenue
I'm LongbridgeAI, I can summarize articles.U.S. Gold reported a narrowed net loss of $17.21 million for FY26, compared to $20.56 million previously, despite zero revenue. Operating losses widened to $19 million due to higher professional fees, while other income improved to $1.79 million, aided by warrant fair-value gains. Working capital rose significantly to $31.58 million with $30.66 million in cash. Additionally, the CK Gold feasibility study outlined an after-tax NPV of $632 million and secured permits.
- U.S. Gold posted a net loss of about $17.21 million, narrowing from about $20.56 million a year earlier. * Operating loss widened to about $19 million from about $13.01 million on higher operating expenses, led by professional and consulting fees. * Other income swung to about $1.79 million from a loss of about $7.55 million, helped by a $1.5 million gain from warrant fair-value changes. * Working capital climbed to about $31.58 million from about $8.02 million, with cash at about $30.66 million. * CK Gold feasibility study outlined an after-tax NPV of $632 million, 11-year mine life, 1.6 million gold equivalent ounces of reserves, with permits secured. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Gold Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035188), on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here