Austin Gold Corp.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
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Contents
EX-99.1 · 11. COMMITMENTS
11. COMMITMENTS
The Company executed an introductory agent agreement with BMR (the "BMR Agreement"). Under the BMR Agreement, should a mineral property recommended by BMR be acquired by the Company, the Company shall pay an introductory agent fee as follows:
| Within 15 days of acquisition | $5,000 |
|---|---|
| 6 months after acquisition | $5,000 |
| 12 months after acquisition | $5,000 |
| 18 months after acquisition | $5,000 |
| 24 months after acquisition | $7,500 |
| 30 months after acquisition | $7,500 |
| 36 months after acquisition | $10,000 |
| 42 months after acquisition | $10,000 |
| 48 months after acquisitionand every six months thereafter | $15,000 |
If commercial production is achieved on a property recommended by BMR, the Company shall pay a 0.5% net smelter return royalty on all mineral interests acquired within the area of influence of the mineral property. Introductory agent fees and net smelter return royalty payments totaling $1,000,000 paid by the Company will reduce the net smelter return royalty by 50% to 0.25%.
As at September 30, 2026, the BMR Agreement is not in effect for any of the Company's mineral projects.
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