Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 163

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 163
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 short-term investments. The Company’s current policy is to invest cash at variable and fixed rates of interest with cash reserves to be maintained in cash and cash equivalents in order to maintain liquidity. Fluctuations in interest rates when cash and cash equivalents and short-term investments mature impact interest and finance income earned.
The impact on pre-tax loss of a1 change in variable interest rates on financial assets and liabilities as of December 31, 2024, with all other variables held constant, would be nominal.
(b) Credit risk
Credit risk is the risk of potential loss to the Company if the counterparty to a financial instrument fails to meet its contractual obligations. The Company’s credit risk is primarily attributable to its financial assets including cash and cash equivalents and short-term investments.
The carrying amount of financial assets represents the maximum credit exposure:
December 31, December 31,
2024 2023
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Cash and cash equivalents $ 381,899 $ 907,551
Short-term investments 4,914,382 8,618,386
$ 5,296,281 $ 9,525,937
The Company mitigates its exposure to credit risk on financial assets through investing its cash and cash equivalents and short-term investments with Canadian Tier 1 chartered financial institutions. Management believes there is a nominal expected credit loss associated with its financial assets.
(c) Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk by monitoring actual and projected cash flows and matching the maturity profile of financial assets and liabilities.
The Company has issued surety bonds to support future decommissioning and restoration provisions(refer to Note 10f).
Contractual undiscounted cash flow requirements for contractual obligations as at December 31, 2024 are as follows:
Carrying Contractual Due within Due within Due within
amount cash flows 1 year 2 years 3 years
$ 228,698 $ 228,698 $ 228,698 $ $
$ 228,698 $ 228,698 $ 228,698 $ $
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F-25

Table of Contents

  AUSTIN GOLD CORP.                                          
  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS             
  For the years ended December 31, 2024, 2023 and