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Reports Q1 Net Loss of $499,509, Narrowing from $775,669; EPS Improves to $(0.04) from $(0.06)","url":"https://stock-news.laohu8.com/highlight/detail?id=2534156163","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2534156163?lang=en_us&edition=fundamental","pubTime":"2025-05-09 01:20","pubTimestamp":1746724806,"startTime":"0","endTime":"0","summary":"Austin Gold Corp. released its actual financial results for the three months ended March 31, 2025. The company reported a net loss of $499,509, a decrease from the $775,669 net loss recorded in the same period in 2024. The results indicate a reduction in the comprehensive loss for the period. Administrative expenses showed variations, with management salaries and consulting fees amounting to $157,015 in 2025, compared to $165,613 in 2024. Share-based compensation also saw a notable decrease, reported at $140,197 for 2025, down from $354,478 the previous year. 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Higgs, Vice-President, Business Development of the Company of Vancouver, British Columbia  is disseminating this press release as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an Early Warning Report regarding the acquisition of securities of the Company.On March 27, 2025, the Acquiror acquired beneficial ownership or control over 360,000 common shares in the capital of the Company  through private purchase and sale transactions . The Acquiror paid cash consideration of $1.80 per Share for total consideration of $648,000.Austin Gold has two projects in Nevada. The Kelly Creek Project is located on the Battle Mountain-Eureka  gold trend in Humboldt County and the Lone Mountain Project is on the Independence-Jerritt Canyon gold trend in Elko County. 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