US Gold Corp (NASDAQ:USAU) said its subsidiary, Gold King Corp, received a Wyoming Pollutant Discharge Elimination System Permit by the Wyoming Department of Environmental Quality (WDEQ).
The permit satisfies one of the three conditions tied to the CK Gold Project’s Mine Operating Permit, the company said.
The permit fulfills one of the three conditions associated with the Mine Operating Permit, US Gold CEO George Bee told investors.
“Work to complete the remaining conditions, the acceptance of the already submitted reclamation bond and the Air Quality Permit, are anticipated shortly,” Bee said in a statement.
“The Air Quality Permit is currently under review with the WDEQ Air Quality Division, and we
remain on track to receive unconditional approval to move forward with the Mine Operating Plan in hand, around mid-year, as per prior guidance.”
Luke Norman, executive chairman of US Gold, highlighted that over the past year, the project received its Industrial Siting, Mine Operating, and Water Discharge Permits, which Norman said cleared “a pathway to near-term operations.”
“The CK Gold Project sits on State and private ground in Wyoming, which is an extraordinary jurisdiction for resource development, with a clear regulatory framework, and authorities that are knowledgeable, experienced, and motivated to safely and responsibly manage the State's mineral wealth.”
The CK Gold Project is nearing final approval for mining operations, with the company expecting to meet all remaining conditions by mid-2024.