U.S. Gold 9M net loss narrows 7.33% to USD 11.84 million on USD 13.54 million operating loss

Reuters03-17

<a href="https://laohu8.com/S/USGO">U.S. Gold</a> 9M net loss narrows 7.33% to USD 11.84 million on USD 13.54 million operating loss

U.S. Gold published a quarterly report on Form 10-Q for the quarter ended Jan. 31, 2026. The company reported a net loss of USD 5.28 million for Q3 and USD 11.84 million for the nine months. Total operating expenses were USD 5.35 million in Q3, up 5.04%, driven mainly by higher professional and consulting fees tied to strategic, permitting and engineering studies. Cash was USD 36.09 million at quarter-end and working capital was USD 35.4 million. U.S. Gold said it completed a private placement in December 2025 for gross proceeds of USD 31.2 million and expects to have sufficient cash to fund corporate activities and currently undertaken permitting and engineering work over the next 12 months, while noting it will need additional funding to advance projects beyond those objectives.

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: 0001493152-26-010290), on March 16, 2026, and is solely responsible for the information contained therein.

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The company reported a net loss of USD 5.28 million for Q3 and USD 11.84 million for the nine months. Total operating expenses were USD 5.35 million in Q3, up 5.04%, driven mainly by higher professional and consulting fees tied to strategic, permitting and engineering studies. Cash was USD 36.09 million at quarter-end and working capital was USD 35.4 million. U.S. Gold said it completed a private placement in December 2025 for gross proceeds of USD 31.2 million and expects to have sufficient cash to fund corporate activities and currently undertaken permitting and engineering work over the next 12 months, while noting it will need additional funding to advance projects beyond those objectives.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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