Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 95

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 10
Chunk 95
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 gift tax, U. S. state and local tax, and non-U. S. tax consequences to U. S. Holders of the acquisition, ownership, and disposition of Common Shares. In addition, except as specifically set forth below, this summary does not discuss applicable tax reporting requirements. Each U. S. Holder should consult its own tax advisor regarding the U. S. federal, state, local, and non-U. S. tax consequences relating to the acquisition, ownership and disposition of Common Shares.

No legal opinion from legal counsel or ruling from the Internal Revenue Service (the “IRS”) has been requested, or will be obtained, regarding the U. S. federal income tax considerations applicable to U. S. Holders as discussed in this summary. This summary is not binding on the IRS, and the IRS is not precluded from taking a position that is different from, and contrary to, the positions taken in this summary. In addition, because the authorities on which this summary is based are subject to various interpretations, the IRS and the U. S. courts could disagree with one or more of the positions taken in this summary.

Scope of this Summary

Authorities

This summary is based on the Internal Revenue Code of 1986, as amended (the “Code”), Treasury Regulations (whether final, temporary, or proposed) promulgated under the Code, published rulings of the IRS, published administrative positions of the IRS, the Canada-U. S. Tax Convention (as defined below), and U. S. court decisions, that are in effect and available, as of the date of this document. Any of the authorities on which this summary is based could be changed in a material and adverse manner at any time, and any such change could be applied retroactively. This summary does not discuss the potential effects, whether adverse or beneficial, of any proposed legislation that, if enacted, could be applied on a retroactive or prospective basis.

U. S. Holders

For purposes of this summary, the term “U. S. Holder” means a beneficial owner of Common Shares that is for U. S. federal income tax purposes:

  a citizen or individual resident of the USA;  

  a corporation (or other entity treated as a corporation for U. S. federal income tax purposes) organized under the laws of the USA, any state thereof or the District of Columbia;  

  an estate whose income is subject to U. S. federal income taxation regardless of its source; or  

  a trust that (1