U. S. Gold Corp. Signs Engineering and Procurement Contract with Cheyenne Light, Fuel and Power Company for CK Gold Project
U.S. Gold Corp. (NASDAQ: USAU) has taken a significant step toward the development of its CK Gold Project in Wyoming by signing an engineering and procurement contract with Cheyenne Light, Fuel and Power Company (CLFP), a Black Hills Corp. subsidiary. The agreement focuses on pre-construction planning and engineering for power facilities that will supply 30MW of power to the project.
CLFP's scope includes developing arrangement drawings, substation design, project scheduling, budgeting, land rights, environmental permitting, regulatory filings, and procurement of long-lead materials. This contract represents the first step toward constructing the powerline that will serve the CK Gold Project.
U.S. Gold Corp. (NASDAQ: USAU) ha compiuto un passo importante per lo sviluppo del progetto CK Gold nel Wyoming, firmando un contratto di ingegneria e approvvigionamento con Cheyenne Light, Fuel and Power Company (CLFP), una controllata di Black Hills Corp. L'accordo riguarda la pianificazione pre-costruzione e l'ingegneria delle infrastrutture elettriche che forniranno 30MW di potenza al progetto.
Il lavoro di CLFP comprende la realizzazione di disegni d'impianto, la progettazione della sottostazione, la programmazione del progetto, la stima dei costi, la gestione dei diritti fondiari, le autorizzazioni ambientali, le pratiche regolatorie e l'approvvigionamento dei materiali a lunga consegna. Questo contratto segna il primo passo verso la costruzione della linea elettrica che alimenter脿 il CK Gold Project.
U.S. Gold Corp. (NASDAQ: USAU) ha dado un paso relevante para el desarrollo de su proyecto CK Gold en Wyoming al suscribir un contrato de ingenier铆a y aprovisionamiento con Cheyenne Light, Fuel and Power Company (CLFP), subsidiaria de Black Hills Corp. El acuerdo se centra en la planificaci贸n previa a la construcci贸n y en la ingenier铆a de las instalaciones el茅ctricas que suministrar谩n 30MW de potencia al proyecto.
El alcance de CLFP incluye la elaboraci贸n de planos de disposici贸n, el dise帽o de la subestaci贸n, la programaci贸n del proyecto, la presupuestaci贸n, los derechos sobre tierras, los permisos ambientales, las presentaciones regulatorias y la adquisici贸n de materiales de entrega prolongada. Este contrato representa el primer paso hacia la construcci贸n de la l铆nea el茅ctrica que dar谩 servicio al CK Gold Project.
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CLFP鞚� 鞐呺 氩旍渼鞐愲姅 氚办箻霃� 鞛戩劚, 氤�鞝勳唽 靹り硠, 頂勲鞝濏姼 鞚检爼 靾橂, 鞓堨偘 韼胳劚, 韱犾甓� 頇曤炒, 頇橁步 項堦皜, 攴滌牅 鞝滌稖 氚� 鞛リ赴 靻岇殧 鞛愳灛 臁半嫭 霌膘澊 韽暔霅╇媹雼�. 鞚� 瓿勳暯鞚� CK 瓿摐 頂勲鞝濏姼鞐� 鞝勲牓鞚� 瓿店笁頃� 鞝勲牓靹� 瓯挫劋鞚� 頄ロ暅 觳� 瓯胳潓鞛呺媹雼�.
U.S. Gold Corp. (NASDAQ: USAU) a franchi une 茅tape importante dans le d茅veloppement de son projet CK Gold dans le Wyoming en signant un contrat d'ing茅nierie et d'approvisionnement avec Cheyenne Light, Fuel and Power Company (CLFP), filiale de Black Hills Corp. L'accord porte sur la planification pr茅-construction et l'ing茅nierie des installations 茅lectriques qui fourniront 30MW de puissance au projet.
Le p茅rim猫tre de CLFP comprend l'茅laboration des plans d'implantation, la conception de la sous-station, la planification du projet, l'茅tablissement du budget, les droits fonciers, les autorisations environnementales, les dossiers r茅glementaires et l'approvisionnement en mat茅riaux 脿 long d茅lai. Ce contrat constitue la premi猫re 茅tape vers la construction de la ligne 茅lectrique qui desservira le CK Gold Project.
U.S. Gold Corp. (NASDAQ: USAU) hat einen bedeutenden Schritt zur Entwicklung seines CK Gold Projekts in Wyoming gemacht, indem es einen Engineering- und Beschaffungsvertrag mit der Cheyenne Light, Fuel and Power Company (CLFP), einer Tochtergesellschaft von Black Hills Corp., unterzeichnet hat. Die Vereinbarung betrifft die Vorplanung und Ingenieurleistungen f眉r Energieanlagen, die dem Projekt 30MW Leistung bereitstellen werden.
Der Umfang von CLFP umfasst die Erstellung von Anordnungspl盲nen, das Umspannwerksdesign, Projektplanung, Budgetierung, Landrechte, Umweltgenehmigungen, beh枚rdliche Einreichungen und die Beschaffung langfristig ben枚tigter Materialien. Dieser Vertrag stellt den ersten Schritt zum Bau der Stromleitung dar, die das CK Gold Project versorgen wird.
- Progress in infrastructure development with power supply agreement for CK Gold Project
- Secured partnership with established utility provider CLFP
- Clear advancement toward construction phase with comprehensive engineering scope
- Project still contingent on multiple regulatory approvals and permits
- Significant capital requirements for project development not yet addressed
- Timeline for actual construction and project completion remains uncertain
Insights
U.S. Gold advances CK Gold Project by securing power infrastructure contract, a critical milestone toward potential mine construction.
The contract signing between U.S. Gold Corp's subsidiary and Cheyenne Light, Fuel and Power represents a significant project development milestone. This agreement initiates the pre-construction planning, engineering, and procurement activities for providing the 30MW power capacity required for the CK Gold Project in Wyoming. This power infrastructure development is a critical path element for any mining operation.
The scope of engineering and procurement activities is comprehensive, including substation design, project scheduling, budgeting, land rights acquisition, environmental assessments, permitting, regulatory filings, and procurement of long-lead materials. These elements represent the foundational infrastructure groundwork necessary before actual mine construction can commence.
For mining projects, securing power supply arrangements early is strategically important as it addresses one of the major technical requirements and de-risks the development timeline. The 30MW power requirement indicates a medium-sized operation, consistent with the company's preliminary feasibility study conducted by Samuel Engineering. This contract suggests the company is methodically advancing through the project development sequence, though investors should note that several steps remain before potential production, including final permitting, financing, and construction decisions.
CHEYENNE, Wyo., Aug. 27, 2025 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq:聽USAU) is pleased to announce that Gold King Corp., a wholly-owned subsidiary of U.S. Gold, has executed a contract with Cheyenne Light, Fuel and Power ("CLFP"), a subsidiary of Black Hills Corp., the first step toward construction of the powerline to serve the CK Gold Project leading to the development of its wholly owned CK Gold Project (the "Project") situated in southeast
It is anticipated that the 30MW of power needed by the Project will be provided from CLFP's electric power system to the Project. Mr. Kevin Francis, Vice President of Exploration & Technical Services of U.S. Gold Corp., said, "CLFP has provided us with excellent engineering support and power solutions that will enhance the CK Gold Project."
Engineering and procurement activities include:
- development of general arrangement drawings;
- substation design;
- development of the overall project schedule and budget;
- land rights, environmental and permitting;
- regulatory filings; and
- procurement of long lead time materials.
About USAU
U.S. Gold Corp. is a publicly traded,
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Certain statements in this press release are forward-looking within the meaning of the safe harbor provisions of the
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SOURCE U.S. Gold Corp.
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