Going concern note disclosed in Austin Gold (NYSE: AUST) audit opinion
Rhea-AI Filing Summary
Austin Gold Corp. filed a Form 6-K stating that its 2025 Annual Disclosure Documents, including audited consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 and its Annual Report on Form 20-F for 2025, were filed on March 26, 2026.
The company notes that the auditor’s report on these financial statements includes a going concern emphasis of matter from its independent registered public accounting firm. This disclosure is required under Section 610(b) of the NYSE American Company Guide and does not change or amend any of its 2025 filings.
Positive
- None.
Negative
- Going concern emphasis of matter: The independent registered public accounting firm’s report on Austin Gold’s audited consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 includes a going concern emphasis of matter, signaling elevated uncertainty around the company’s ability to continue as a going concern.
Insights
Auditor flags going concern uncertainty for Austin Gold.
Austin Gold Corp. reports that the audit opinion on its consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 contains a going concern emphasis of matter. This means the independent auditor formally drew attention to the company’s ability to continue as a going concern.
Such language is a significant risk signal for a pre-revenue or early-stage explorer because it highlights dependence on future financing, asset sales, or successful project advancement. The company characterizes this 6-K as a disclosure required by Section 610(b) of the NYSE American Company Guide, with no amendments to its 2025 filings.
For investors, the key factor in assessing this risk will be how Austin Gold addresses funding and project progress in subsequent financial reports and corporate updates for periods after the year ended December 31, 2025.
Key Figures
Key Terms
going concern emphasis of matter financial
Annual Report on Form 20F regulatory
NYSE American Company Guide regulatory
forward-looking information financial
unpatented lode mining claims technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 001-41373
AUSTIN GOLD CORP.
(Translation of registrant's name into English)
1021 West Hastings Street, 9th Floor
Vancouver, British Columbia, Canada, V6E 0C3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Exhibits
| 99.1 | Press Release dated May 8, 2026 |
Incorporated by Reference
Exhibit 99.1 to the Form 6-K of Austin Gold Corp. (the "Company") filed on May 8, 2026 is hereby incorporated by reference as exhibit to the Registration Statements on Form F-3 (File No. 333-272626) and Form S-8 (File No. 333-273046) of the Company, as amended or supplemented.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Austin Gold Corp. | ||
| (Registrant) | ||
| Date: May 8, 2026 | By: | /s/ Dennis Higgs |
| Name: | Dennis Higgs | |
| Title: | Executive Chairman, Chief Executive Officer and Director | |
1021 West Hastings Street, 9th Floor
Vancouver, BC, Canada
V6E 0C3
Austin Gold - 2025 Annual Disclosure Documents
May 8, 2026
Vancouver, BC, Canada -- Austin Gold Corp. ("Austin" or the "Company") (NYSE American: AUST) announces that its 2025 Annual Disclosure Documents, including its audited Consolidated Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2025, 2024 and 2023 and Annual Report on Form 20F for the year ended December 31, 2025 were filed on March 26, 2026. The Company advises that its audited Consolidated Financial Statements for the fiscal years ended December 31, 2025, 2024 and 2023 included in the Company's Annual Report on Form 20F, contained an audit report from its independent registered public accounting firm with a going concern emphasis of matter. Release of this information is required by Section 610(b) of the NYSE American Company Guide. It does not represent any change or amendment to any of the Company's filings for the fiscal year ended December 31, 2025.
About Austin Gold Corp.
Austin is a gold exploration company focused on gold targets and making district-scale gold discoveries in the southwestern United States.
Austin has two projects in Nevada. The Kelly Creek Project is located on the Battle Mountain-Eureka (Cortez) gold trend in Humboldt County and the Lone Mountain Project is on the Independence-Jerritt Canyon gold trend in Elko County. Collectively, these Nevada properties comprise approximately 34.8 mi2 (90.1 km2) of unpatented lode mining claims and private property. In Oregon, the Stockade Mountain Project consists of approximately 10.5 mi2 (27.22 km2) of unpatented mining claims situated in a geological environment that appears the same as the nearby Grassy Mountain Deposit that is being permitted for underground mining.
For further information, please contact:
Darcy A. Higgs, Vice President, Business Development
604-644-6580
info@austin.gold
Website: www.austin.gold
Safe Harbor / Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbors created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, the Company's expectations, strategies and plans for the Lone Mountain Project, the Stockade Mountain Project, and the Kelly Creek Project, including the Company's planned expenditures and exploration activities.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance, or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance, or achievements expressed or implied by such forward-looking information.
The Company cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.