Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 158

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 158
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3 and 2022       
  Expressed in United States dollars, except for share data  

13. SHARE CAPITAL AND OTHER RESERVES (Continued)
The following table summarizes information about share options outstanding and exercisable at December 31, 2024:
Share options outstanding Share options exercisable
Number of Weighted Number of Weighted
share options average years share options average
Exercise prices outstanding to expiry exercisable exercise price
$ 0.51 - $ 1.00 3,055,003 3.62 1,645,003 $ 0.81
$ 2.01 - $ 2.50 566,663 5.16 566,663 2.08
3,621,666 3.86 2,211,666 $ 1.14
The total share-based compensation expense for the year ended December 31, 2024 was $1,030,742(2023 -$ 515,133; 2022 - $ 157,043) of which $907,735(2023 -$ 447,071; 2022 - $130,870) has been expensed in the consolidated statement of loss and comprehensive loss and$ 123,007(2023 -$ 68,062; 2022 - $26,173) has been capitalized to E& E assets.
The following are the weighted average assumptions used to estimate the fair value of share options granted and/or vested for the years ended December 31, 2024, 2023 and 2022 using the Black-Scholes pricing model:
For the year ended
December 31, December 31, December 31,
2024 2023 2022
Expected life 5.00 years 5.00 years 5.00 years
───────────────────────────────────────────────────────────────────────────────────────
Expected volatility 125.67 133.51 143.18
Risk-free interest rate 3.49 4.69 4.09
Expected dividend yield Nil Nil Nil
Forfeiture rate Nil Nil Nil
Option pricing models require the input of subjective assumptions including the expected price volatility and expected share option life. Changes in these assumptions would have a significant impact on the fair value calculation.
(d) Warrants
The following table summarizes the changes in warrants for the year ended December 31:
2024 2023 2022
Number of Warrant Number of Number of
warrants