Austin Gold Corp.

General Information

We are a gold exploration company focused on gold targets and making district-scale gold discoveries in Nevada. In specific, we were formed for the purposes of drilling the Kelly Creek Project, a mineral exploration project located on the Battle Mountain-Eureka (Cortez) gold trend in Humboldt County, Nevada. Upon developing an understanding of the prospect of discovering deposits of precious or base metals on the property, we entered into the Kelly Creek Letter of Intent on May 29, 2020. Thereafter, we entered into the JV Agreement. As a result of the foregoing, the Kelly Creek Project became our material mineral exploration project. Nonetheless, we continue to consider other regional opportunities in the event the Kelly Creek Project does not yield favorable results, and in connection therewith we have acquired three other non-material mineral explorations projects. Our other projects are located on the Independence-Jerritt Canyon gold trend in Elko County, Nevada (the Lone Mountain Project), on the Carlin gold trend in Elko County, Nevada (the Miller Project), and in Nye County, Nevada situated in Oligocene volcanic rocks that are roughly the same age as those that host the large Round Mountain gold deposit (the Fourmile Basin Project).

*Note: Net loss figure is in U.S. dollars, converted from net loss reported in Canadian dollars in the prospectus, for the 12 months that ended Sept. 30, 2021. 

(Note: Austin Gold Corp. priced its IPO on May 3, 2022, in line with the terms its prospectus: 3.265 million shares at $4 to raise $13.06 million. In an S-1/A filing dated April 13, 2022, Austin Gold revised its IPO to 3.265 million shares – removing warrants from its previous terms of 3.0 million units – and cut the IPO price to $4.00 – the bottom of its previous $4-to-$6 price range.That change represented a 13 percent cut from the IPO’s previously estimated proceeds of $15.0 million.)

Industry: Gold Mining
Employees: 0
Founded: 2020
Contact Information
Address 1021 West Hastings Street, 9th Floor Vancouver, BC Canada V6C 0C3
Phone Number 604-644-6579
Web Address
View Prospectus: Austin Gold Corp.
Financial Information
Market Cap $62.6mil
Revenues $0 mil (last 12 months)
Net Income $-1.81 mil (last 12 months)
IPO Profile
Symbol AUST
Exchange NYSE - American
Shares (millions): 3.3
Price range $4.00 - $4.00
Est. $ Volume $13.1 mil
Manager / Joint Managers Roth Capital Partners
CO-Managers Pacific Century Securities
Expected To Trade: 5/4/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change