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U.S. Gold Corp. (NASDAQ:USAU) announced Friday that it has provided notice to Cantor Fitzgerald & Co. to terminate its Controlled Equity Offering Sales Agreement. The agreement, originally entered into on June 9, 2025, allowed U.S. Gold Corp. to offer and sell shares of its common stock from time to time through Cantor acting as sales agent.
According to a statement from the company, the termination will become effective October 20, 2025. The company stated the decision was made because it is no longer eligible to use Form S-3, which had been the registration statement used for the offering. The news comes as the company’s stock trades near its 52-week high of $19.20, having delivered an impressive year-to-date return of 181.89%.
U.S. Gold Corp. confirmed that it will not incur any termination penalties as a result of ending the agreement with Cantor Fitzgerald. The company had filed a prospectus supplement with the Securities and Exchange Commission (SEC) on June 9, 2025, in connection with the offering under the now-terminated agreement.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, US Gold Corp. has been the subject of attention due to several key developments. The company announced a significant contract with Cheyenne Light, Fuel and Power (CLFP) for its CK Gold Project in Wyoming. This agreement is a crucial step toward constructing a powerline that will deliver 30 megawatts of electricity to the project site. In light of these developments, H.C. Wainwright raised its price target for US Gold Corp. from $15 to $22, maintaining a Buy rating. The firm specifically cited the progress at the CK Gold project as a reason for the increased valuation. Additionally, Roth/MKM adjusted its price target from $18 to $19, also maintaining a Buy rating. This adjustment followed the company’s filing of its fiscal year-end 2025 financial results, which the firm described as "uneventful." These recent activities underscore US Gold Corp.’s ongoing efforts to advance its projects and the interest they are generating among analysts.
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