Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 167

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 167
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 acquired by the Company, the Company shall pay an introductory agent fee as follows:

  Within 15 days of acquisition                                     $5,000  
  6 months after acquisition                                        $5,000  
  12 months after acquisition                                       $5,000  
  18 months after acquisition                                       $5,000  
  24 months after acquisition                                       $7,500  
  30 months after acquisition                                       $7,500  
  36 months after acquisition                                      $10,000  
  42 months after acquisition                                      $10,000  
  48 months after acquisition and every six months thereafter      $15,000  

If commercial production is achieved on a property recommended by BMR, the Company shall pay a0.5 net smelter return royalty on all mineral interests acquired within the area of influence of the mineral property. Introductory agent fees and net smelter return royalty payments totaling$ 1,000,000 paid by the Company will reduce the net smelter return royalty by50 to0.25.

As at December 31, 2024, the BMR Agreement is not in effect for any of the Company’s mineral projects.

The BMR Agreement was in effect for the Miller Project, as of February 1, 2021, until the mineral lease agreement was terminated on December 18, 2023. The Company paid a total of$ 35,000 in introductory agent fees to BMR during that period.

19. SEGMENTED INFORMATION

Exploration and development of mineral projects is considered the Company’s single business segment. All of the Company’s E& E assets are located in the USA.

F-28