Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 162

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 162
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The Company has exposure to a variety of financial risks: market risk (including currency risk and interest rate risk), credit risk and liquidity risk from its use of financial instruments.

This note presents information about the Company’s exposure to each of these risks, the Company’s objectives, policies and processes for measuring and managing risk, and the Company’s management of capital. Risk management is the responsibility of management and is carried out under the oversight of and policies approved by the Board of Directors. Material risks are monitored and are regularly discussed with the Audit Committee and the Board of Directors.

(a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Company’s cash flows or value of its financial instruments.

(i) Currency risk

The Company is subject to currency risk on financial instruments that are denominated in currencies that are not the same as the functional currency of the entity that holds them. Exchange gains and losses would impact the consolidated statement of loss and comprehensive loss. The Company does not use any hedging instruments to reduce exposure to fluctuations in foreign currency rates.

The Company is exposed to currency risk through cash and cash equivalents, receivables and other, marketable securities and accounts payable and accrued liabilities held in the parent entity which are denominated in CAD.

F-24

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  

16. FINANCIAL RISK MANAGEMENT (Continued)
The following table shows the impact on pre-tax loss of a10 change in the USD:CAD exchange rate on financial assets and liabilities denominated in CAD, as of December 31, 2024, with all other variables held constant:
Impact of currency rate change on pre-tax loss
10% increase 10% decrease
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Cash and cash equivalents $ 7,957 $ ( 7,957)
Receivables and other 1,954 ( 1,954)
Marketable securities 1,240 ( 1,240)
Accounts payable and accrued liabilities ( 6,773) 6,773
(ii) Interest rate risk
The Company is subject to interest rate risk with respect to its investments in cash and cash equivalents and