Wed, Aug 28, 9:09 PM (139 days ago)
U.S. Gold Corp. filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ending April 30, 2024, primarily to include required information in Part III regarding directors, executive compensation, and related transactions. The amendment does not alter previously reported financial data or results. As of October 31, 2023, the company’s market value was approximately $27,084,928, with shares trading at $3.33. The company reported total compensation for its CEO, George Bee, at $300,000, with similar compensation structures for other executives. The amendment highlights a focus on strategic initiatives, particularly the CK Gold Project, with future plans for exploration and development contingent upon regulatory approvals. Key risk factors include fluctuating commodity prices and the ability to secure necessary capital. The company emphasizes its commitment to corporate governance, with three independent directors on its five-member board. The financial condition remains stable, with no significant changes in the market position or operational strategy noted in this amendment.