US Gold Corp (USAU): Funding Round, Analyst Upgrade, and Exploration Momentum

US Gold Corp (NASDAQ:USAU) is one of the best performing micro cap stocks in 2025. On December 23, US Gold Corp (NASDAQ:USAU) closed a private placement that netted it about $31.2 million in gross proceeds. The deal involved selling 1,922,159 shares of common stock at $16.25 each, along with warrants for 961,077 more shares at an exercise price of $23.00. The warrants can be used right away and last for two years.

Pricing came at a roughly 4% discount to the stock’s closing price of $16.91 on December 15. It also offered a 1.4% premium over the 30-day average price of $16.03 and a 1.1% discount to the 20-day average of $16.43.

According to the company, new investors in the round included big names like Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors. Management stated that this lineup is evidence of a strong backing for the company’s plans. The company plans to use the net funds primarily to initiate development at its flagship CK Gold Project in Wyoming. It may also buy land, expand exploration at its sites, and use the funds for everyday working capital needs, noted management.

Meanwhile, on December 15, Roth MKM analyst Joseph Reagor maintained his Buy rating on US Gold Corp. He also lifted the price target to $26 from $20. Reagor expressed optimism about US Gold’s progress in advancing its main CK Gold Project in Wyoming, as the company works toward production and exploration goals amid rising metal prices.

US Gold Corp (NASDAQ:USAU) is a gold exploration and development company. Its portfolio includes the CK Gold Project in Wyoming, the Keystone exploration property on Nevada’s Cortez Trend, and the Challis Gold Project in Idaho.

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Disclosure: None. This article is originally published at Insider Monkey.