Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 161

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 161
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 2022 - $ 21,149) of expenditures with P2 Gold Inc., a related party of the Company, under a CFO shared-services agreement. These expenditures were expensed under management salaries and consulting fees in the consolidated statement of loss and comprehensive loss.

As at December 31, 2024, accounts payable and accrued liabilities include$ 32,979(2023 - $ 29,855) owed to related parties of the Company for transactions incurred in the normal course of business.

F-23

Table of Contents

  AUSTIN GOLD CORP.                                          
  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS             
  For the years ended December 31, 2024, 2023 and 2022       
  Expressed in United States dollars, except for share data  

14. RELATED PARTY TRANSACTIONS AND BALANCES (Continued)

The Company entered into a joint venture agreement with Pediment, a subsidiary of URZ ( formerly NGE), for the Kelly Creek Project (refer to Note 10a) and owns89,240 common shares of URZ ( formerly NGE). During the year ended December 31, 2024, the Company purchased$ 11,000 of exploration equipment from URZ ( formerly NGE) (refer to Note 11). As at December 31, 2024, the VP Business Development and a director of the Company serve as directors of URZ ( formerly NGE). The VP Business Development served as interim Chief Executive Officer of URZ ( formerly NGE) from December 31, 2023 to May 13, 2024.

15. SUPPLEMENTAL CASH FLOW INFORMATION

The net change in non-cash items within investing activities included in E& E assets were as follows:

                                                                                                                 For the year ended                 
                                                December 31,                   December 31,                      December 31,                       
                                                2024                           2023                              2022                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts payable and accrued liabilities      $                 418,087      $                 ( 532,752)      $                       ( 37,130)  
  Share-based compensation                                        123,007                            68,062                                 26,173  
                                                $                 541,094      $                 ( 464,690)      $                       ( 10,957)  

16. FINANCIAL RISK MANAGEMENT