U.S. GOLD CORP.
49 story beats from 2009 to 2026
The story so far
The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.
shares on issue market cap (log scale)
202616.5m shares · US$251m market cap
- 3 Apr
A feasibility study for the CK Gold Project showed strong economics - $632 million after-tax NPV and 27% IRR at base-case prices, rising sharply at spot prices - an 11-year mine life, and all permits already in hand, positioning the long-running Wyoming project for a construction decision.
resource reserve update
16.5m shUS$251m
202514.4m shares · US$248m market cap
- 23 Dec
Raised roughly $31.2 million in a non-brokered private placement of 1,922,159 shares at $16.25 -- by far its largest and highest-priced raise, at nearly 5x the April 2024 share price, funding the run-up to the CK Gold Project feasibility study.
capital raising announcement
14.4m shUS$248m - 10 Oct
U.S. Gold Corp. terminated its Cantor Fitzgerald at-the-market equity facility because it was no longer eligible to use the Form S-3 shelf registration the facility relied on - a setback that removes its most flexible fundraising tool just as it works to finance the CK Gold Project.
material agreement termination
14.4m shUS$237m - 9 June
U.S. Gold Corp. set up an at-the-market equity facility with Cantor Fitzgerald allowing it to sell up to $40 million of stock over time, a more flexible alternative to its prior one-off registered direct offerings.
material agreement
12.7m shUS$147m - 14 Feb
U.S. Gold Corp. released an updated pre-feasibility study for its CK Gold Project (the former Copper King property) in Wyoming, continuing to advance the asset toward a construction decision.
resource reserve update
12.3m shUS$91.3m
202410.8m shares · US$83.0m market cap
- 4 Dec
U.S. Gold Corp. raised about $10.2 million in its largest registered direct offering yet, at $7.00 per share, continuing to fund development of its Wyoming and Nevada gold projects.
material agreement
10.8m shUS$83.0m - 19 Apr
Raised about $4.9 million in a registered direct offering of 1,400,000 shares at $3.50, plus warrants at $4.48.
capital raising announcement
9.3m shUS$34.2m
20238.4m shares · US$46.7m market cap
- 10 Apr
U.S. Gold Corp. raised another $5.0 million in a registered direct offering and, as part of the deal, lowered the exercise price and extended the term of warrants it had issued a year earlier - sweetening terms for existing investors to get the new raise done.
security holder rights change
8.4m shUS$46.7m
20228.3m shares · US$30.8m market cap
- 15 Nov
U.S. Gold Corp. sold its earn-in rights to the Maggie Creek exploration property in Nevada to Nevada Gold Mines (the Barrick-Newmont joint venture) for $2.75 million cash plus a future 0.5% royalty if Nevada Gold Mines advances the project - monetizing a non-core exploration position it had held since 2019 via its Orevada Metals subsidiary.
material agreement
8.3m shUS$30.8m - 21 Mar
U.S. Gold Corp. raised about $5.0 million in another registered direct offering, this time at $8.00 per share - a higher price than the February raise, suggesting improving investor sentiment.
material agreement
7.5m shUS$52.4m - 18 Feb
U.S. Gold Corp. raised about $2.5 million in a registered direct stock-and-warrant offering at $6.50 per share, continuing to fund exploration and development through repeat equity raises.
material agreement
7.1m shUS$47.1m
20215.8m shares · US$95.3m market cap
- 28 Jan
Raised about $9.6 million in a registered direct offering of 914,136 shares at $10.54 -- roughly double the per-share price of the March 2020 raise, as gold prices and project progress lifted the stock.
capital raising announcement
5.8m shUS$95.3m
20202.9m shares · US$23.8m market cap
- 13 Aug
U.S. Gold Corp. acquired Northern Panther Resources in a second reverse-style merger, issuing common and convertible preferred stock to Northern Panther's shareholders; the deal closed the same day it was signed and again materially changed the company's board and structure.
business combination
2.9m shUS$23.8m - 30 Mar
Raised about $2.0 million in a registered direct offering of 357,143 shares at $5.60, plus warrants at $7.00.
capital raising announcement
24.5m shUS$15.3m
201923.9m shares · US$19.0m market cap
- 12 Nov
U.S. Gold Corp. again fell below Nasdaq's minimum bid-price requirement, with until May 2020 to fix it.
listing compliance notice
23.9m shUS$19.0m - 20 June
Raised $2.5 million selling 1,250 units of newly created 0% Series F Preferred Stock (with attached Class X Warrants) at $2,000 stated value each -- by now trading as USAU on the Nasdaq Capital Market.
capital raising announcement
2.0m shUS$2.6m - 5 Apr
U.S. Gold Corp.'s stock fell below Nasdaq's $1 minimum bid-price requirement, giving it 180 days to regain compliance - the first listing scare of its life as a gold company.
listing compliance notice
19.3m shUS$17.4m - 6 Mar
U.S. Gold Corp.'s 2018 drilling campaign at the Keystone project on Nevada's Cortez Gold Trend intersected widespread anomalous gold across fifteen holes, supporting management's belief the district could host a large Carlin-type deposit, though the specific high-grade feeder structure remained to be found.
drilling progress report
18.6m shUS$17.6m
201814.2m shares · US$23.2m market cap
- 19 Jan
Raised roughly $4.9 million net selling 2,500 shares of newly created 0% Series E Convertible Preferred Stock at $2,000 stated value each.
capital raising announcement
14.2m shUS$23.2m - 11 Jan
U.S. Gold Corp. released an updated technical report and preliminary economic assessment for its Copper King gold-copper project in Wyoming, the company's flagship asset since the 2017 merger.
resource reserve update
14.2m shUS$23.2m
201712.4m shares · US$27.5m market cap
- 19 Oct
Sold Dataram Memory, its legacy computer-memory subsidiary, to Leading Testing Laboratories (LTL Group) for $900,000 cash, distributed pro rata to shareholders -- completing the exit from its old computer-hardware business.
asset acquisition disposition
12.4m shUS$27.5m - 10 July
As the newly renamed U.S. Gold Corp., raised $500,000 in a private placement of 179,211 shares at $2.79.
capital raising announcement
6.9m shUS$19.7m - 31 May
Nasdaq confirmed the annual-meeting compliance extension - and the filing revealed the U.S. Gold Corp. acquisition had already closed on May 23, 2017, with Edward Karr now signing filings as CEO in place of Dave Moylan, completing Dataram's transformation from a memory-systems maker into a gold exploration company.
listing compliance notice
6.9m shUS$20.8m - 26 May
Completed its reverse merger with U.S. Gold Corp., taking on Copper King (Wyoming) and Keystone (Nevada) as its assets and renaming the combined company U.S. Gold Corp. -- ending Dataram's run as a computer-memory maker.
business combination
6.9m shUS$8.3m - 21 Apr
Dataram filed the required notice disclosing that, once the U.S. Gold Corp. merger closes, a majority of its board will be replaced with U.S. Gold's nominees - the formal signal that control of the company was passing to the gold-mining side of the deal.
business combination
4.8m shUS$5.5m - 17 Apr
As its own reverse merger with U.S. Gold Corp. approached closing, lent U.S. Gold Corp. $250,000 via a convertible promissory note (9% interest, 6-month term) -- bridge financing to its own merger partner ahead of the deal completing.
capital raising announcement
4.8m shUS$5.5m - 3 Mar
The amendment narrowed who votes: the Series D preferred stock, previously entitled to vote alongside the common on the merger and the reverse split, is dropped from the entitlement throughout, along with the disclosure that 7,397 Series D shares converted into 739,706 votes and that officers and directors held about 8%. Exhibits also show Edward Karr's employment agreement with the private company was already signed.
business combination
4.0m shUS$5.6m
20164.0m shares · US$8.9m market cap
- 30 Dec
Dataram and U.S. Gold Corp. signed a third and final amendment to their merger agreement, settling the deal at 48.6 million shares of merger consideration and clearing the way to register the transaction with the SEC.
business combination
4.0m shUS$8.9m - 2 Aug
Dataram and U.S. Gold Corp. amended their merger terms to reflect Dataram's 1-for-3 reverse stock split and to account for U.S. Gold's newly closed acquisition of the Keystone gold project in Nevada's Cortez Trend.
material agreement
3.7m shUS$6.7m - 13 June
Dataram agreed to acquire U.S. Gold Corp., a private Nevada exploration company holding the Copper King gold-copper project in Wyoming, in an all-stock reverse merger - the deal that would pull the struggling memory maker out of its core business entirely and turn it into a gold miner.
business combination
412k shUS$303k - 29 Jan
Now reincorporated in Nevada, Dataram fell out of compliance with Nasdaq's $1 minimum bid-price rule yet again, with a reverse split floated as a possible fix.
listing compliance notice
4.1m shUS$3.1m - 21 Jan
Exchanged existing Series A Preferred Stock, Series A Warrants, Bridge Notes and Bridge Warrants for a newly created 0% Series B Convertible Preferred Stock -- simplifying the capital structure ahead of the pending U.S. Gold Corp. reverse merger, with exchanging holders barred from further capital-raising activity.
capital raising announcement
4.1m shUS$2.7m
20153.3m shares · US$6.3m market cap
- 21 Aug
Nasdaq notified Dataram it had again missed the stockholders'-equity requirement - and, because it was a repeat violation within a year, staff no longer had discretion to grant a cure plan - compounding an already incomplete 10-K filing; the company requested a delisting hearing.
listing compliance notice
3.3m shUS$6.3m - 18 Aug
Nasdaq found Dataram violated shareholder-approval rules when CEO David Moylan participated in a January 2015 financing at a discount to the stock's recent price, on top of a separate incomplete-filing problem; the company had until September 30, 2015 to fix both or face delisting.
listing compliance notice
3.3m shUS$6.3m
20142.4m shares · US$5.3m market cap
- 18 Nov
Closed a roughly $2.7 million private placement of Series A Preferred Stock and warrants (at $5.00/share) under the October 2014 purchase agreement with Isaac Capital Group -- enough to bring the company back into compliance with Nasdaq's $2.5 million stockholders'-equity requirement.
capital raising announcement
2.4m shUS$5.3m - 21 Oct
Dataram agreed to sell a new class of preferred stock to Isaac Capital Group and Alpha Capital Anstalt, giving Isaac Capital the right to name two directors and Alpha Capital one - a change-of-control-style financing that set the stage for the company's eventual pivot away from the memory business.
material agreement
2.4m shUS$6.0m - 15 Sept
Nasdaq again warned Dataram it could be delisted for failing the stockholders'-equity requirement; the company said it had already lined up a financing, subject to shareholder approval, to fix it.
listing compliance notice
2.4m shUS$6.7m - 18 July
Raised $750,000 through Subordinated Secured Convertible Bridge Notes and warrants, with $600,000 from institutional investors and $150,000 from the company's own management, officers and directors -- a distress-signaling bridge loan partly funded by insiders.
capital raising announcement
2.4m shUS$6.9m - 1 May
Dataram used its new Rosenthal & Rosenthal financing to fully repay and terminate its remaining $773,000 note to executive David Sheerr, ending years of insider lending and lowering its overall interest costs.
debt financing
2.4m shUS$6.5m - 2 Apr
Dataram again fell below Nasdaq's minimum stockholders'-equity requirement, but said March capital raises (warrant exercises plus a new stock sale) had already pushed it back above the threshold.
listing compliance notice
2.1m shUS$6.5m
20132.1m shares · US$5.1m market cap
- 8 Nov
Dataram restructured its financing again: it sold equipment to executive David Sheerr in exchange for reducing its debt to him, and separately signed a new asset-based credit line with Rosenthal & Rosenthal, replacing Crestmark as its lender.
debt financing
2.1m shUS$5.1m - 1 Feb
Nasdaq scheduled Dataram's stock for delisting after it missed its bid-price cure deadline; the company appealed to a hearings panel and put a reverse stock split to shareholders as a fix.
listing compliance notice
1.8m shUS$737k
201210.7m shares · US$6.9m market cap
- 6 Aug
Received notice from Nasdaq that it still had not regained compliance with the $1 minimum bid-price rule after an initial warning in January 2012, but was granted an extension to regain compliance until January 2013.
listing compliance notice
10.7m shUS$6.9m - 4 Apr
Dataram sold 13 patents and 2 pending applications covering its solid-state storage technology to Phan Tia Group for $5 million cash, while keeping a license to keep using them - a rare bright spot that significantly boosted its cash position.
asset acquisition disposition
10.7m shUS$8.3m - 3 Feb
Dataram fell out of compliance with Nasdaq's $1 minimum bid-price rule, adding a share-price problem on top of its earlier equity-level issues.
listing compliance notice
10.7m shUS$8.8m
20118.9m shares · US$17.1m market cap
- 12 May
Dataram raised about $3 million in a small public stock-and-warrant offering through Aegis Capital, one of several capital raises it would need to shore up its balance sheet.
material agreement
8.9m shUS$17.1m
2010
- 22 Dec
Dataram fell below Nasdaq's $10 million minimum stockholders'-equity requirement for the Global Market, the first sign of the balance-sheet weakness that would dog the company for years.
listing compliance notice
- 29 July
Dataram replaced its bank financing with a new $5 million asset-based revolving credit line from Crestmark, secured by all company assets - its main working-capital facility for the next several years.
debt financing
2009
- 6 Apr
Dataram acquired the assets of Micro Memory Bank, a Pennsylvania memory maker, for under $1 million plus assumed debt, with up to 65% of the new unit's future earnings owed back to MMB's founder - a small bolt-on to diversify beyond its core DRAM business.
asset acquisition disposition