Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 131

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16K
Chunk 131
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ITEM 16K – CYBERSECURITY

We have established policies and processes for assessing, identifying, and managing material risks from cybersecurity threats, and haveintegrated these processes into our overall risk management systems and processes. We routinely assess material risks from cybersecurity threats, including any potential unauthorized occurrence on or conducted through our information systems that may result in adverse effects on the confidentiality, integrity, or availability of our information systems or any information residing therein.

We engaged a third-party IT consultant to complete a cybersecurity assessment of the Company’s IT infrastructure and systems. We conduct annual risk assessments to identify cybersecurity threats, as well as assessments in the event of a material change in our business practices that may affect information systems and our broader enterprise IT environment. These risk assessments include identification of reasonably foreseeable internal and external risks, the likelihood and potential damage that could result from such risks, and the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks.

Following these risk assessments, we design, implement, and maintain reasonable safeguards to minimize identified risks; reasonably address any identified gaps in existing safeguards; and regularly monitor the effectiveness of our safeguards.

Our overall risk management system plans to include:

  policies, standards and processes based upon National Institute of Standards and Technology (“ NIST ”), the International Organization for Standardization and other applicable industry standards;  

  regular assessments and deployment technical safeguards to improve the protection of our information systems;  

  the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls;  

  cybersecurity awareness training of our employees, incident response personnel, and senior management; and  

  a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents.  

We continue to make investments to enhance the protection of our information technology systems and our business from cybersecurity incidents.

Table of Contents

PART III

ITEM 17 - FINANCIAL STATEMENTS

See Item 18.

ITEM 18 - FINANCIAL STATEMENTS

The Consolidated Financial Statements and schedules appear on pages F-1 through F-28 of this Annual Report and are incorporated herein by reference. Our audited financial statements as prepared by our management and approved by the Board of Directors include:

  Consolidated Financial Statements for the Years Ended December 31, 2024, 2023 and 2022  
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  Independent Auditors’ Report                                                            
  Consolidated Statements of Financial Position                                           
  Consolidated Statements of Loss and