SCHEDULE: Philadelphia Financial Group Discloses 7.5% Stake in U.S. Gold Corp.

Philadelphia Financial Management of San Francisco, LLC and its affiliates have reported a 7.5% beneficial ownership stake in U.S. Gold Corp.'s common stock.

Summary

• Philadelphia Financial Management of San Francisco, LLC, along with Boathouse Row I, L.P., Boathouse Row II, L.P., Boathouse Row Offshore, Ltd., Jordan Hymowitz, and Hymowitz 1999 Trust, collectively reported beneficial ownership of 1,074,116 shares of U.S. Gold Corp. Common Stock.
• This aggregate ownership represents 7.5% of the company's outstanding Common Stock.
• The percentage is calculated based on 14,390,202 shares of Common Stock outstanding, as disclosed in U.S. Gold Corp.'s Form 10-Q filed on December 10, 2025.
• The reporting persons hold shared voting and dispositive power over all 1,074,116 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by an institutional investor group generally indicates a positive sentiment, suggesting confidence in the company's value proposition without an intent to influence control.

Positives

• A significant institutional investment group, Philadelphia Financial Management of San Francisco, LLC and its affiliates, has taken a 7.5% stake in U.S. Gold Corp., potentially signaling confidence in the company's long-term prospects.
• The investment is stated to be for ordinary course of business, suggesting a passive, long-term investment rather than an activist position.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates that a notable investment management firm and its associated entities have acquired a significant passive stake in U.S. Gold Corp. Such disclosures are common in the investment landscape, providing transparency into major shareholdings. For a company in the gold mining sector, institutional interest can be viewed positively, suggesting that professional investors see value or potential in its assets or strategy, even if the investment is passive.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a 7.5% stake may instill greater confidence among existing shareholders and attract new investors, potentially influencing stock valuation.
• Company Management: While the investment is passive, management may view this as a validation of their strategy and operations, potentially influencing future investor relations efforts.

Key Dates

Keywords

U.S. Gold Corp., Philadelphia Financial Management, Beneficial Ownership, Institutional Investor, Common Stock, Investment Stake, Gold Mining, SEC Filing, Schedule 13G