Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 150

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 150
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89,240) and nil warrants (2023 - nil; 2022 - 50,000) in URZ3 Energy Corp. (“ URZ”)(formerly Nevada Exploration Inc. (“ NGE”)). A continuity of the marketable securities is as follows:

                                                                  December 31,                  December 31,                    December 31,                  
                                                                  2024                          2023                            2022                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Opening balance                                                 $                  7,422      $                   16,473      $                    196,847  
  Foreign exchange movements                                                             —                               —                          ( 5,740)  
  Unrealized fair value gain (loss) on marketable securities                         4,982                        ( 9,051)                        ( 174,634)  
  Ending balance                                                  $                 12,404      $                    7,422      $                     16,473  

On January 7, 2023, the warrants in URZ(formerly NGE) expired unexercised in accordance with the terms of the warrant certificate.

F-16

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  

10. E& E ASSETS
The E& E assets of the Company, by project and nature of expenditure, as of December 31, 2024 and 2023 were as follows:
Kelly
Creek
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Balance - December 31, 2022 $914,879 350,738 96,046 302,840 704,531 2,369,034
E& E expenditures:
Acquisition costs 30,000 72,200 25,000 25,000 - 152,200
Assays 6,012 4,385 - 37,722 27,573 75,692
Consulting 4,344 99,619 96,567 34,625 22,150 257,305
Drilling - - 538,627 500,463 108,293 1,147,383