USAU — what changed in the latest 10-Q
A section-by-section comparison of USAU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-09-11 vs the prior 10-Q · 2026-03-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +43 | −15 | ~5 | 4 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +1 | −2 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
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:
Controls & procedures
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…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice