U.S. Gold Corp., a gold exploration and development company, has appointed Luke Norman as Chairman of the company's Board of Directors, following notice of the Board's resolution to increase its size from five to six members. George Bee, who has held the Chairman position since March 2021, will remain as President and CEO of U.S. Gold Corp.
Luke Norman is a seasoned growth executive with over 20 years of experience in the venture capital markets. He has raised in excess of US$300 million for both public and private companies, predominantly in the resource space. In recent years, Norman has operated a consultancy company to the metals and mining industry. He co-founded Gold Standard Ventures Corp., a TSX and NYSE Market listed gold exploration and development company. Luke is the Co-Founder of U.S. Gold Corp. (following its merger with Dataram Corp.), Chairman of Silver One Resources, a silver pre-development and exploration company listed on the TSX-V and CEO of Leviathan Gold, Ltd, listed on the TSX-V. Norman brings expertise in mineral exploration, finance, corporate governance, M&A and corporate leadership to his role as Chairman.
Norman commented: “I am very pleased to be formally joining U.S. Gold Corp. as Chairman. I have been very close to the company since its merger with Dataram Corp., both as a Co-Founder and as a significant investor. I have invested millions of dollars of my own personal capital into U.S. Gold Corp. and continue to believe there is a massive valuation disconnect between the incredible projects we have and our current public valuation. I look forward to further using my skillset and relationships to assist George, the entire management team and the Board to increase awareness and enhance shareholder value for our investors. This is an exciting time in the markets, with the price of gold and copper pushing towards all-time highs. Producing American gold and copper in mining-friendly Wyoming and having the potential to create hundreds of high-quality local jobs is an exciting story to be a part of.”
George Bee added: “Luke is a welcome addition to the Board and provides outstanding capital markets experience at a time when the CK Gold Project is rapidly advancing toward a ‘shovel ready’ project. The pre-feasibility study announced on 1 December 2021, shows a robust and attractive economic proposition that needs to be financed in anticipation of our permit approval in 2023. Luke's vast experience in moving projects and companies forward along the value chain will be a boon for our shareholders, who will benefit from his expertise as we navigate the coming months.”
Read the article online at: https://www.globalminingreview.com/finance-business/26052022/us-gold-corp-appoints-chairman-of-the-board/