U.S. Gold Corp (NASDAQ:USAU) announced that Gold King Corp, its wholly owned subsidiary, has agreed to acquire a 10-acre parcel of land in support of the planned 2026 development of the CK Gold Project in Wyoming.
The US focused gold and copper exploration and development company said the completion of this acquisition will mark the fourth key real estate property the company has purchased over the past four years in connection with the CK Gold Project.
The already completed acquisitions include three contiguous parcels totaling about 110 acres located immediately west of the CK Gold Project site on State Section 36, where Gold King Corp holds mineral leases.
"With the CK Gold Project's final feasibility study nearing completion, these acquisitions further support our development timeline," US Gold Corp CEO George Bee said in a statement.
"By securing these properties, we believe we are positioning the project for efficient, responsible, and community-sensitive operations leading to project development beginning in 2026."
US Gold Corp noted that the land site will initially function as a centralized muster point for employees and contractors, enabling consolidated parking and shuttle bus transportation to the mine site.
It added that in future phases, the property is planned to support select administrative and operational functions for the mine.
The land acquisition transaction is expected to close no later than January 31, 2026.
The CK Gold Project remains on track for construction startup in 2026, according to the company.