---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-032484"
form_type: "8-K"
ticker: "USAU"
cik: "0000027093"
company_name: "U.S. GOLD CORP."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T19:02:30.474564+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# U.S. Gold sells Maggie Creek interest to Nevada Gold Mines for $2.75M cash plus potential royalty

## Summary
- Upfront cash payment of $2.75 million from NGM for assignment of Maggie Creek earn-in agreement.
- U.S. Gold retains a 0.5% NSR royalty on future production; NGM can buy back half for $500K; first $800K of royalties waived.
- NGM (Barrick 61.5%, Newmont 38.5%) can earn 100% interest in the property under amended exploration agreement.
- CEO states transaction allows focus on CK Gold Project and Keystone property, recovers more than investment.

## SEC filing metadata
- accession: 0001493152-22-032484
- form_type: 8-K
- ticker: USAU
- cik: 0000027093
- company_name: U.S. GOLD CORP.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27093/000149315222032484/0001493152-22-032484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27093/000149315222032484/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032484
- JSON: https://secwatch.observer/filing/0001493152-22-032484.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032484.txt

## Key facts
- Material Agreements
  U.S. GOLD CORP. entered into Assignment and Assumption Agreement with Nevada Gold Mines LLC, Orogen Royalties Inc., and Renaissance Exploration, Inc. valued at $2.75 million (effective 2022-11-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Nevada Gold Mines LLC, Orogen Royalties Inc., and Renaissance Exploration, Inc.
  - Value: $2.75 million
  - Effective: 2022-11-09
  source text: On November 9, 2022, U.S. Gold Corp. (“U.S. Gold” or the “Company”) entered into an Assignment and Assumption Agreement (the “Assignment and Assumption Agreement”) with and among Orevada Metals, Inc., the Company’s indirectly wholly-owned subsidiary (“Orevada”), Nevada Gold Mines LLC (“NGM”), Orogen Royalties Inc. (“Orogen”) and Renaissance Exploration, Inc., a wholly-owned subsidiary of Orogen (“RenEx”) whereby Orevada assigned its interest in that certain Exploration Earn-In Agreement with RenEx, dated February 19, 2019 (the “Original Earn-In Agreement”), to NGM.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27093/000149315222032484/0001493152-22-032484-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.