U.S. Gold Advances CK Gold With Multiple Paths Ahead | George Bee

U.S. Gold Corp is approaching a major decision point at the fully permitted CK Gold Project in Wyoming, with financing advancing while unsolicited strategic interest continues to test the case for building versus selling.

Speaking with Kitco Mining’s Paul Harris at the 2026 Mining Forum Americas, President and CEO George Bee said the company’s March 2026 feasibility study outlined initial capital of about $394 million, and U.S. Gold is evaluating debt, equity, offtake-linked financing, and a potential silver stream. “We've got term sheets on the table,” he said, with financing now one of the key steps before construction moves forward.

At the same time, U.S. Gold has received unsolicited strategic interest, with NDAs in place and project visits underway. “We have to recognize that there's a strategic interest in our company,” Bee said. Protecting existing shareholders from excessive dilution remains a key consideration as management weighs building CK Gold against a potential transaction.

Bee also said the current feasibility study does not capture all of the project’s potential, with additional resources outside the existing reserve shell and further drilling planned. “We see so much more value than we have, uh, described in the feasibility study,” he said.

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00:15 - CK Gold Fully Permitted and Ready to Advance
00:57 - Debt, Offtake and Silver Stream Financing Options
03:01 - Protecting Shareholders From Dilution
04:08 - Strategic Interest and the Build-or-Sell Decision
06:46 - Upside Beyond the Current Feasibility Study
08:23 - Development Risks, Tariffs and Execution
09:28 - Expanding Resources Beyond the Reserve Shell
11:23 - U.S. Copper Policy and Potential Funding Support
12:43 - Term Sheets, EPCM and the Next 12 Months
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