Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 165

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 165
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                               Carrying                                                                    
                               value                     Level 1                     Level 2      Level 3  
  Financial assets                                                                                         
  Marketable securities        $             12,404      $               12,404      $            $        
                               $             12,404      $               12,404      $            $        

  As at December 31, 2023                               Fair value                                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
                               Carrying                                                                  
                               value                    Level 1                    Level 2      Level 3  
  Financial assets                                                                                       
  Marketable securities        $             7,422      $               7,422      $            $        
                               $             7,422      $               7,422      $            $        

The Company’s financial instruments consisting of cash and cash equivalents, short-term investments and accounts payable and accrued liabilities approximate their fair value due to the short-term maturity of these financial instruments.

Marketable securities are fair valued at each reporting period using URZ’s ( formerly NGE’s) share price on the TSX Venture Exchange.

17. TAXATION

(a) Deferred income taxes

The tax effects of temporary differences between the amounts recorded in the Company’s accounts and the corresponding amounts as computed for income tax purposes give rise to deferred income taxes as follows:

                                                                                                                    For the year ended                  
                                            December 31,                        December 31,                        December 31,                        
                                            2024                                2023                                2022                                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Tax loss carry forwards                   $                    1,813,019      $                      685,368      $                          332,184  
  E& E expenditures                                                 ( 109)                             473,085                                   3,104  
  Share issuance costs                                             140,213                             214,221                                 288,230  
  Marketable securities and other                                   32,395                              32,615                                  71,464  
  Deferred income taxes not recognized                        ( 1,985,518)                        ( 1,405,289)                              ( 694,982)  
                                            $                            —      $                            —      $                                —  

The Company has tax losses in Canada of approximately$ 4,855,399(2023 -$ 2,477,382; 2022 - $ 1,191,205) expiring