Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 156

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 156
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 of$ 38,863 in favour of the BLM and$ 43,252 in favour of the Oregon Department of Geology and Mineral Industries in support of the reclamation requirements for its projects.

11. PROPERTY AND EQUIPMENT

                                          Property and                
                                          equipment                   
  Net book value - December 31, 2021      $                    1,803  
  Depreciation                                                ( 527)  
  Movement in foreign exchange                                 ( 95)  
  Net book value - December 31, 2022                           1,181  
  Depreciation                                                ( 354)  
  Net book value - December 31, 2023      $                      827  
  Additions                                                   11,000  
  Depreciation                                              ( 2,082)  
  Net book value - December 31, 2024      $                    9,745  

Property and equipment consists of exploration equipment and information technology hardware.

12. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

                           December 31,                   December 31,               
                           2024                           2023                       
 ─────────────────────────────────────────────────────────────────────────────────────
  Trade payables           $                 183,717      $                 638,671  
  Accrued liabilities                         44,981                         37,934  
                           $                 228,698      $                 676,605  

F-20

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  

13. SHARE CAPITAL AND OTHER RESERVES
(a) Share capital
At December 31, 2024, the authorized share capital of the Company consisted of an unlimited number of common shares without par value and an unlimited number of preferred shares without par value.
On May 6, 2022, the Company issued3,754,750 shares at$ 4.00 pursuant to the closing of the Company’s IPO for gross proceeds of$ 15,019,000. Total share issuance costs were$ 1,165,580. The Company also issued262,833 underwriter warrants relating to the IPO, which expired unexercised on November 6, 2023 (refer to Note 13d).
(b) Other reserves
The