Austin Gold Corp. reported Q1 2026 net loss of $563,674 with cash increasing to $765,529 amid ongoing exploration spending and going concern uncertainty.
Key takeaways
Net loss of $563,674 for three months ended March 31, 2026 vs $499,509 in Q1 2025.
Cash and equivalents rose to $765,529 from $573,159 at year-end.
Operating loss of $578,123 driven by higher professional fees and listing costs.
E&E assets increased to $5,224,283 with expenditures of $69,819.
Entered $7.5M ATM equity offering agreement on February 10, 2026; no shares issued.
Accumulated deficit reached $12,278,793; material doubt on going concern.