$AUST

Austin Gold Corp.

CIK:0001817740|SEC Filings

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Administrative expenses
Management salaries and consulting fees	$ 611,800	$ 631,476	$ 590,696
Investor relations and marketing	303,527	1,119,666	233,355
Professional fees	236,758	271,551	327,712
Share-based compensation	234,291	911,261	481,394
Insurance	221,216	291,965	360,050
Listing and filing fees	73,239	68,359	156,758
General and administrative	46,256	44,218	17,915
Travel expenses	29,551	28,801	17,915
Shareholder information	15,914	43,061	50,923
Depreciation	2,779	2,082	354
Operating loss	(1,775,331)	(3,412,440)	(2,237,072)
Write - off of E&E assets	(18,893)	(4,290)	(2,252,786)
Foreign exchange gain (loss)	2,370	(5,745)	4,650
Unrealized fair value gain (loss) on marketable securities	9,734	4,982	(9,051)
Interest and finance income	166,404	338,912	493,743
Loss before taxes	(1,615,716)	(3,078,581)	(4,000,516)
Current income tax expense	(150)	(150)	(155)
Net loss and comprehensive loss for the year	$ (1,615,866)	$ (3,078,731)	$ (4,000,671)
Loss per share - basic and diluted
Basic (in dollars per share)	$ (0.12)	$ (0.23)	$ (0.3)
Diluted (in dollars per share)	$ (0.12)	$ (0.23)	$ (0.3)
Weighted average number of shares
Basic (in shares)	13,433,368	13,271,750	13,271,750
Diluted (in shares)	13,433,368	13,271,750	13,271,750

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows used in operating activities
Net loss for the year	$ (1,615,866)	$ (3,078,731)	$ (4,000,671)
Items not affecting cash:
Current income tax expense	150	150	155
Depreciation	2,779	2,082	354
Interest and finance income	(166,404)	(338,912)	(493,743)
Share-based compensation	234,291	911,261	481,394
Unrealized fair value (gain) loss on marketable securities	(9,734)	(4,982)	9,051
Unrealized foreign exchange loss (gain)	485	402	(119)
Write-off of E&E assets	18,893	4,290	2,252,786
Changes in non-cash working capital items:
Receivables and other	36,547	73,598	20,490
Accounts payable and accrued liabilities	23,861	(23,555)	44,415
Income taxes paid	(150)	(150)	(155)
Net cash used in operating activities	(1,475,148)	(2,454,547)	(1,686,043)
Cash flows generated by investing activities
Expenditures on E&E assets	(1,185,804)	(2,096,354)	(1,563,428)
Interest received	209,318	392,917	524,436
Purchase of property and equipment	0	(11,000)	0
Purchase of short-term investments	(5,050,000)	(7,600,000)	(13,500,000)
Redemption of short-term investments	7,350,000	11,250,000	16,500,000
Net cash generated by investing activities	1,323,514	1,935,563	1,961,008
Cash flows generated by financing activities
Proceeds from exercise of share options	339,532	0	0
Net cash generated by financing activities	339,532	0	0
Increase (decrease) in cash and cash equivalents for the year	187,898	(518,984)	274,965
Cash and cash equivalents, beginning of year	381,899	907,551	630,623
Effect of foreign exchange rate changes on cash and cash equivalents	3,362	(6,668)	1,963
Cash and cash equivalents, end of year	$ 573,159	$ 381,899	$ 907,551

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 573,159	$ 381,899
Short-term investments	2,571,468	4,914,382
Receivables and other	80,419	116,966
Total current assets	3,225,046	5,413,247
Non-current assets
Marketable securities	22,138	12,404
Exploration and evaluation ("E&E") assets	5,145,112	4,077,474
Property and equipment	6,966	9,745
Total assets	8,399,262	9,512,870
Current liabilities
Accounts payable and accrued liabilities	128,924	228,698
Total liabilities	128,924	228,698
EQUITY
Share capital	17,209,080	16,568,175
Other reserves	3,351,326	3,390,199
Accumulated other comprehensive income (loss) ("AOCI")	(574,949)	(574,949)
Deficit	(11,715,119)	(10,099,253)
Total equity	8,270,338	9,284,172
Total liabilities and equity	$ 8,399,262	$ 9,512,870