AUGUSTA GOLD COMMENTS ON TRADING ACTIVITY

Augusta Gold Corp. (TSX: G, OTCQB: AUGG) has addressed recent stock trading activity indicating a decrease in market price and increased trading volume.

Rhea-AI Summary

Augusta Gold Corp. (TSX: G, OTCQB: AUGG) has addressed recent stock trading activity indicating a decrease in market price and increased trading volume. The Company confirmed that it is unaware of any undisclosed information that could account for these changes. Additionally, Augusta Gold disclosed that it does not engage in any paid research relationships or marketing arrangements affecting its stock performance. The Company is focused on developing the Reward and Bullfrog gold projects located in Nevada, aiming to enhance stakeholder value through strategic development and potential mergers and acquisitions.

Positive

• Focus on developing Reward and Bullfrog gold projects in Nevada.
• Management team has a proven track record in financing and developing mining assets.

Negative

• Recent stock price decline without apparent cause.
• Increased trading volume may indicate market volatility.

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News Market Reaction – AUGG

The recorded move for AUGG in the trading session of this news was +3.99%.

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VANCOUVER, BC, Jan. 30, 2023 /PRNewswire/ - Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B) ("Augusta Gold" or the "Company") is issuing this press release in response to recent trading activity of its stock.

Augusta Gold is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and increase in level of trading volume of its shares of common stock.

The Company further confirms that it has no agreements, paid research relationships or any other marketing arrangements with any parties to provide marketing services to the Company.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada. The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value.

View original content to download multimedia:https://www.prnewswire.com/news-releases/augusta-gold-comments-on-trading-activity-301733953.html

SOURCE Augusta Gold Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent stock activity for Augusta Gold (AUGG)?

Augusta Gold has experienced a decrease in stock price along with increased trading volume.

Did Augusta Gold disclose any undisclosed information related to stock activity?

The Company confirmed that it is unaware of any undisclosed information that could explain the recent trading activity.

What projects is Augusta Gold currently focused on?

Augusta Gold is focused on the Reward and Bullfrog gold projects in Nevada.

Does Augusta Gold have any paid research or marketing arrangements?

Augusta Gold stated that it has no paid research relationships or marketing arrangements.

What is the management's experience at Augusta Gold?

The management team has a proven track record in financing and developing mining assets.