U.S. Gold corp added to Russell 3000 and 2000 Indexes, advancing CK and Keystone projects

Описание: U.S. Gold Corp Chairman Luke Norman joined Steve Darling from Proactive to share news the company has qualified for inclusion in the prestigious Russell 3000 Index and the Russell 2000 Index, effective after the U.S. market opens on June 30.

This development means that U.S. Gold Corp will not only become part of the broader Russell 3000—which encompasses the 3,000 largest publicly traded U.S. companies by market capitalization—but will also be included in the Russell 2000, a subset focused on small-cap companies. These indexes are widely recognized benchmarks used by institutional investors, and membership is maintained for one year following inclusion.

Norman emphasized that inclusion in these indexes represents a significant achievement for U.S. Gold Corp, underscoring its financial standing and enhancing its visibility among institutional investors, fund managers, and other key market participants. The Russell indexes serve as benchmarks for a wide range of passive and active investment strategies. As of the end of June 2024, approximately $10.6 trillion in assets were benchmarked against the Russell U.S. Indexes, underscoring their influence in the investment world.

Norman also provided an update on the CK project. He noted that after releasing a pre-feasibility study in February, US Gold Corp is now moving toward a definitive feasibility study. This next phase will confirm robust project margins and involve securing contracts for construction, as well as bringing new mine management alongside its existing team. Norman emphasized that investors should expect significant news flow during the summer months.

In addition to CK, Norman highlighted the Keystone project in Nevada, describing it as a "sleeper" asset with similar geology to Barrick’s Cortez complex.

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