Welcome to our dedicated page for Austin Gold news (Ticker: AUST), a resource for investors and traders seeking the latest updates and insights on Austin Gold stock.
Austin Gold Corp. (NYSE American: AUST) is a gold exploration company focused on gold targets and district-scale gold discoveries in the southwestern United States. News about Austin Gold centers on exploration progress at its Kelly Creek and Lone Mountain projects in Nevada and its Stockade Mountain Project in Oregon, along with corporate and regulatory developments.
Exploration-focused news releases describe field programs and technical results at the company’s projects. At Lone Mountain in Elko County, Nevada, Austin Gold has reported on geological mapping, geochemical soil and stream sediment sampling, and gravity geophysics. The company has highlighted significant enrichments of arsenic, antimony, and thallium associated with gold anomalies in soils over large areas of the property, and has noted that historical and current data are being combined for gold deposit targeting.
At Stockade Mountain in Malheur County, Oregon, Austin Gold’s news has detailed an initial diamond drilling campaign and plans for reverse circulation drilling. The company has released assay results from three exploration holes, reporting multi-gram-per-tonne gold intercepts and describing strong hydrothermal alteration and mineralization. Additional updates cover permitting steps such as a Plan of Operations and permission to drill a water well to support future drilling.
Investors following AUST news will also see announcements about the Kelly Creek Project option terms, annual general meeting results, board and management changes, early warning reports relating to share acquisitions by an executive, and marketing agreements aimed at increasing investor awareness. Together, these news items provide ongoing insight into Austin Gold’s exploration activities, corporate governance, and capital markets disclosures across its U.S. gold projects.
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Austin Gold Corp. has entered into a mineral lease and option agreement with Bull Mountain Resources LLC for a 100% interest in the Stockade Property in southeastern Oregon. The property spans over 6,790 acres with 261 mining claims. Historical exploration by BHP and others yielded significant gold intercepts, including 79.2 m averaging 0.937 g/t gold. The company plans to initiate a systematic exploration program targeting high-grade deposits deeper in the hydrothermal zone. The lease agreement allows exploration and mining for 50 years, subject to payments and commitments.
Austin Gold Corp. (NYSE American: AUST) has successfully closed its initial public offering of 3,265,000 common shares at $4.00 each, with net proceeds of approximately $13.85 million. The offering included an additional 489,750 shares acquired by underwriters to cover overallotments. Roth Capital Partners acted as sole book-running manager, with Pacific Century Securities as co-manager. The funds raised are intended to support drilling and exploration efforts for the Kelly Creek Project in Humboldt County, Nevada, and other potential projects.
Austin Gold Corp. (NYSE American: AUST) has announced the pricing of its initial public offering (IPO) of 3,265,000 common shares at $4.00 per share. The offer includes a 30-day option for underwriters to purchase an additional 489,750 shares. The company expects to net approximately $11.85 million from the IPO, slated to close on May 6, 2022, pending customary conditions. Roth Capital Partners serves as the sole book-running manager. The company is focused on gold exploration in Nevada, particularly the Kelly Creek Project.