What Austin Gold does

Austin Gold Corp. (NYSE American: AUST) is a U.S.-incorporated gold exploration company headquartered in Vancouver, British Columbia, that was formed to make district-scale gold discoveries in the southwestern United States. The company operates two core exploration projects: the Lone Mountain Project in Elko County, Nevada (802 unpatented lode mining claims covering approximately 22.2 square miles targeting Carlin-type gold mineralization on the Independence-Jerritt Canyon trend), and the Stockade Mountain Project in Malheur County, Oregon (261 unpatented lode mining claims covering approximately 6,790 acres targeting low-sulfidation epithermal gold-silver vein systems). Exploration activities use conventional geological methods including diamond and reverse circulation drilling, Controlled Source Audio-Frequency Magnetotellurics (CSAMT) geophysical surveys, soil and stream sediment sampling, geological mapping, and gravity geophysics. Initial drilling at Stockade Mountain returned intercepts of 8.19 g/t gold over 4 feet and 9.32 g/t over 2.7 feet.

Austin Gold is pre-revenue and generates no operating income; it funds exploration entirely through equity capital. The company completed its initial public offering on NYSE American in May 2022, raising approximately $13.85 million in net proceeds, and entered into an At-the-Market Offering agreement in February 2026 for up to US$7.5 million with H.C. Wainwright & Co. and Roth Capital Partners. Its "customers" are institutional and retail investors seeking exposure to early-stage gold exploration in tier-one U.S. mining jurisdictions; the company reaches them through SEC and SEDAR+ filings, investor presentations, press releases, social media, email alerts, and paid digital marketing campaigns. Management owns approximately 39.6% of outstanding shares, with CEO Dennis Higgs holding ~16.58%. The company's 2025 audit report contained a going-concern emphasis of matter, and effective June 1, 2026 it terminated its interest in the Kelly Creek Project to focus on the Lone Mountain and Stockade Mountain core assets.

Name

Austin Gold

Legal name

Austin Gold Corp.

Website

https://austin.gold

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Austin Gold Corp. is a pre-revenue, U.S.-incorporated gold exploration company (NYSE American: AUST) that funds drilling and geophysical surveys at its Lone Mountain (Nevada) and Stockade Mountain (Oregon) projects using equity capital raised from institutional and retail investors.

Ownership category

akta.pro rank

Product category

Gold Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration
• Mineral exploration projects
• Precious metals mining
• Carlin-type gold targets
• Epithermal gold deposits

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Pre-Revenue Exploration Stage: Austin Gold is a pre-revenue gold exploration company. The company does not generate revenue from operations and relies entirely on equity financings to fund exploration activities. The company has no producing mines and all properties are at exploration stage.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Austin Gold Corp. is a publicly traded, pre-revenue gold exploration company that acquires, explores, and advances district-scale gold and silver mineral properties in the southwestern United States. The company's core activity is conducting diamond drilling, reverse circulation drilling, CSAMT geophysical surveys, geological mapping, and geochemical sampling programs on its Lone Mountain (Nevada) and Stockade Mountain (Oregon) projects, with the objective of discovering economically viable gold deposits that can be advanced toward resource delineation, joint venture, or sale.

Product overview

Austin Gold Corp. is a gold exploration company focused on making district-scale gold discoveries in the southwestern United States, primarily Nevada and Oregon. The company operates two primary exploration projects: the Lone Mountain Project in Nevada targeting Carlin-type gold deposits, and the Stockade Mountain Project in Oregon targeting low-sulfidation epithermal gold-silver vein systems. The company's exploration activities include diamond and reverse circulation drilling, geophysical surveys (CSAMT), geological mapping, and geochemical sampling programs. Austin Gold also produces NI 43-101 Technical Reports and investor presentations as part of its investor relations activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Lone Mountain Project District-scale gold exploration project located approximately 25 miles northwest of Elko, Nevada, at the southern end of the Independence Mountains on the Independence-Jerritt Canyon gold trend. The project comprises 802 unpatented lode mining claims (454 leased from NAMMCO plus 348 staked) covering approximately 22.2 square miles (57.6 km²) and targets Carlin-type gold mineralization beneath Roberts Mountains and Horse Canyon equivalent formations.
• Stockade Mountain Project Gold and silver exploration-stage project located approximately 50 miles southeast of Burns, Oregon, comprising 261 unpatented lode mining claims covering over 6,790 acres (approximately 10.5 square miles). The project targets low-sulfidation epithermal gold-silver vein deposits, with CSAMT geophysical surveys and initial diamond drilling confirming a robust mineralizing system including intercepts of 8.19 g/t gold over 4 feet and 9.32 g/t gold over 2.7 feet.
• CSAMT Geophysical Survey Services Controlled Source Audio-Frequency Magnetotellurics survey service used to map subsurface electrical resistivity variations to identify potential mineralized zones and structural controls. At Stockade Mountain, the survey successfully identified known gold-bearing stockwork mineralization as a prominent resistivity feature and identified additional resistivity highs and structural contrast zones for drill targeting.

Quantifiable outcome

• Drilling intercepts of 8.19 g/t over 4 feet (1.2 m) and 9.32 g/t over 2.7 feet (0.82 m) at Stockade Mountain confirming robust mineralizing system
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Savvy Social Management Corp.minorGTM or Marketing Partner · 10 October 2025Previously engaged for online marketing awareness and digital media campaigns at US$75,000 per month on a month-to-month basis. Agreement was terminated and replaced with i2i Marketing Group.
• i2i Marketing Group, LLCminorGTM or Marketing Partner · 26 September 2025Florida-based marketing firm engaged to create advertising campaigns and provide digital media marketing strategies for investor awareness through online platforms and direct mail. Initial term of two months at a cost of $250,000. Company will not issue securities to i2i as compensation.
• Pediment Gold LLC (Nevada Exploration Inc.)minorStrategic or Co-development Partner · 12 June 2023Pediment Gold LLC, a wholly-owned subsidiary of Nevada Exploration Inc., is party to an Exploration and Option to Enter Joint Venture Agreement on the Kelly Creek Project in Humboldt County, Nevada. Austin Gold, as manager through its wholly-owned subsidiary Austin American Corporation, announced termination of certain leases and claims representing approximately 60% of original holdings in June 2023. The company later extended the option agreement terms. Effective June 1, 2026, Austin Gold terminated its interest in the Kelly Creek Project.
• Bull Mountain Resources LLCcoreStrategic or Co-development Partner · 24 May 2022Austin Gold signed a mineral lease and option agreement with Bull Mountain Resources LLC to lease a 100% interest in the Stockade Mountain Property in Malheur County, Oregon. The property consists of 261 unpatented lode mining claims covering over 6,790 acres. The agreement has a minimum term of 50 years with pre-production payments, work commitments, net smelter return royalties, and claim maintenance fees.
• NAMMCOcoreStrategic or Co-development PartnerNAMMCO (Wyoming General Partnership) is the mineral lessor for 454 unpatented lode mining claims at the Lone Mountain Project in Elko County, Nevada. Austin Gold has a mineral lease agreement with NAMMCO for exploration and mining rights, with additional 348 claims staked by the company independently.
• La Cuesta International, Inc. (Advisory Board)minorOthersAdvisory board members W. Perry Durning and F.L. 'Bud' Hillemeyer co-founded La Cuesta International, Inc. and have discovered over one billion ounces of silver and over ten million ounces of gold. They were co-recipients of the 2010 Thayer Lindsley Award from PDAC for grassroots discoveries in Mexico.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Paramount Gold Nevada Corp. Nevada-focused gold exploration company advancing its Sleeper and Grassy Mountain projects; closely comparable due to similar geographic focus and exploration-stage profile.
• Vista Gold Corp. Gold development company with the Mt. Todd project in Australia and prior U.S. assets; comparable as a small-cap gold-focused company pursuing permitting and development in tier-one jurisdictions.
• Gold Standard Ventures Corp. Nevada-focused gold exploration company with district-scale land positions on the Carlin and Cortez trends; directly comparable as a junior explorer targeting similar deposit types in tier-one Nevada jurisdictions.
• P2 Gold Inc. Junior gold exploration company with projects in similar North American jurisdictions; comparable as both companies share CFO Grant Bond, providing direct insight into Austin Gold's leadership approach.
• Fiore Gold Ltd. Junior gold producer and explorer with operations in Nevada (Pan Mine) and exploration in Nevada and Nevada-adjacent jurisdictions; comparable due to similar geographic focus and small-cap market profile.
• McEwen Mining Inc. Junior-to-mid-tier gold producer with exploration projects in Nevada and other tier-one jurisdictions; directly comparable as a small-cap North American gold company pursuing district-scale discoveries.
• Corvus Gold Inc. Nevada-focused gold exploration company with projects in the Bullfrog mining district; comparable due to similar Nevada exploration focus and was acquired by AngloGold Ashanti, illustrating the acquisition-exit pathway available to Austin Gold.

Broad incumbents

• SSR Mining (formerly Silver Standard Resources): Mid-tier gold producer previously built by Tom Yip (Austin Gold's Lead Director) as CFO; comparable as a track-record benchmark and as a potential acquirer of district-scale gold discoveries.
• Pretium Resources: Brucejack gold mine operator and prior billion-dollar mining success built by the same Austin Gold management team; serves as a benchmark for the team's prior execution capability and a potential acquirer profile.

Emerging players

• Nevada Exploration Inc. Nevada-focused exploration company whose subsidiary Pediment Gold LLC was a prior JV partner with Austin Gold at Kelly Creek; relevant as a direct former counterparty and a peer in Nevada gold exploration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/austin_corp
• Facebookfacebook.com/NYSE.AU.AustinGoldCorp
• LinkedInlinkedin.com/company/austin-gold-corp
• Instagraminstagram.com/austingoldcorp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Austin Gold