USAU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-11

• In March 2026, we announced the results of the Feasibility Study for the CK Gold Project, which indicated, among other things:

• ● an after-tax net present value of $632.0 million, based on prevailing metal prices at the time of the study;

• ● that all required permits to begin construction have been secured and that a $5.0 million reclamation bond is in place to cover the first year of planned construction; and

• ● an initial 11-year mine life and estimated reserves of 1.6 million gold equivalent ounces of gold, copper and silver.

• Summary of Activities for the Three months ended July 31, 2026

Text removed vs the prior filing · source: 10-Q · 2026-03-16

• Summary of Activities for the Three months ended January 31, 2026

• During the three months ended January 31, 2026, we continued engineering studies towards the completion of a feasibility study for our CK Gold Project. We continue to enhance our understanding of the Keystone Project deposit in Nevada. Additionally, we focused on investor relations and awareness thr…

• ●In November 2025, we announced that we entered into an agreement to acquire a 10-acre parcel of land in support of our 2026 development of the CK Gold Project. The transaction was completed in January 2026.

• ●In December 2025, we announced that we closed a private placement of 1,922,159 shares of our common stock at a price of $16.25 per share (the “Offering Shares”) and warrants to purchase 961,079 shares of our common stock at an exercise price of $23.00 per share (the “Warrants”), pursuant to a secur…

• For the three and nine months ended January 31, 2026 as compared to the three and nine months ended January 31, 2025:

Text added vs the prior filing · source: 10-Q · 2026-09-11

• Our principal executive officer and principal financial officer evaluated the effectiveness of our disclosure controls and procedures as of July 31, 2026. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclo…

Text removed vs the prior filing · source: 10-Q · 2026-03-16

• Due to the previously disclosed late filing of Amendment No. 1 to the Company’s Form 10-K for the fiscal year ended April 30, 2025 to disclose the Part III information, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and proce…

• As disclosed above, management, including the Company’s Chief Executive Officer and Chief Financial Officer, has concluded that the Company’s disclosure controls and procedures were not effective as of January 31, 2026, due to the late filing of Amendment No.1 to the Company’s Form 10-K for the fisc…