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Going concern note disclosed in Austin Gold (NYSE: AUST) audit opinion

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

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.

Reporting periods audited Years ended December 31, 2025, 2024 and 2023 Periods covered by audited consolidated financial statements with going concern emphasis of matter
Nevada property size 34.8 mi2 (90.1 km2) Combined area of Kelly Creek and Lone Mountain projects in Nevada
Oregon property size 10.5 mi2 (27.22 km2) Area of Stockade Mountain Project in Oregon
Filing date of annual documents March 26, 2026 Date 2025 Annual Disclosure Documents and Form 20-F were filed
going concern emphasis of matter financial
"contained an audit report from its independent registered public accounting firm with a going concern emphasis of matter"
Annual Report on Form 20F regulatory
"Annual Report on Form 20F for the year ended December 31, 2025 were filed"
NYSE American Company Guide regulatory
"Release of this information is required by Section 610(b) of the NYSE American Company Guide"
A handbook of rules and requirements that govern companies listed on the NYSE American market, covering eligibility to list, ongoing disclosure duties, corporate governance expectations, and trading practices. It matters to investors because it sets the minimum standards companies must meet to join and remain on that exchange — like a routine safety inspection that signals basic reliability and transparency — helping investors judge regulatory compliance, quality of public information, and potential risks to a stock’s value.
forward-looking information financial
"This press release contains "forward-looking information" within the meaning of applicable securities laws"
Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.
unpatented lode mining claims technical
"these Nevada properties comprise approximately 34.8 mi2 (90.1 km2) of unpatented lode mining claims and private property"
An unpatented lode mining claim is a legal right to explore and extract hard-rock minerals from a specific area on federal or public land without owning the surface or the land itself. Think of it as a permission slip to mine a spot rather than a deed to the property; the holder must follow filing, work, and environmental rules and can lose the claim if those duties aren’t met. For investors, these claims matter because they determine who can legally recover valuable minerals, carry regulatory and title risks, limit financing options, and affect the economic value and timeline of a mining project.

FAQ

What did Austin Gold Corp. (AUST) disclose in its latest Form 6-K?
Austin Gold disclosed that its 2025 Annual Disclosure Documents, including audited consolidated financial statements for 2025, 2024 and 2023 and its Annual Report on Form 20-F for 2025, were filed on March 26, 2026, and highlighted a going concern emphasis of matter in the audit report.

What is the going concern issue noted for Austin Gold Corp. (AUST)?
The company stated that its independent registered public accounting firm’s report on the audited consolidated financial statements for 2025, 2024 and 2023 includes a going concern emphasis of matter, meaning the auditor formally drew attention to uncertainty about Austin Gold’s ability to continue as a going concern.

Does this Austin Gold (AUST) Form 6-K change its 2025 financial filings?
No, Austin Gold explained that releasing this information is required under Section 610(b) of the NYSE American Company Guide and specifically stated it does not represent any change or amendment to any of the company’s filings for the fiscal year ended December 31, 2025.

What projects does Austin Gold Corp. (AUST) currently hold in the United States?
Austin Gold is a gold exploration company with two projects in Nevada, Kelly Creek and Lone Mountain, collectively covering about 34.8 mi2 (90.1 km2), and the Stockade Mountain Project in Oregon, covering approximately 10.5 mi2 (27.22 km2) of unpatented mining claims.

Why was Austin Gold’s going concern disclosure required by NYSE American?
The company stated that disclosure of the going concern emphasis of matter in its auditor’s report is required under Section 610(b) of the NYSE American Company Guide, which mandates public communication when audit opinions include going concern language affecting a listed issuer’s financial statements.

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Form 6-K: How Foreign Companies Report to the SEC →

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.

Source: View Original Filing on SEC EDGAR

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