Core Viewpoint - Dakota Gold Corp. has announced a public offering of 12,336,000 shares of its common stock, aiming to raise approximately $75 million, which could increase to about $86.25 million if the underwriters fully exercise their option [1][2]. Group 1: Offering Details - The public offering is expected to close on or about February 11, 2026, pending customary closing conditions [1]. - The gross proceeds from the offering, before expenses, are estimated at approximately $75 million, with a potential increase to $86.25 million if the underwriters exercise their option in full [2]. - The net proceeds from the offering will be utilized for working capital and other general corporate purposes [2]. Group 2: Underwriters and Options - BMO Capital Markets and Scotiabank are acting as lead book-running managers for the offering, with several other firms serving as co-managers [3]. - The underwriters have been granted an option to purchase an additional 1,850,400 shares, representing up to 15% of the shares being sold in the offering, exercisable for 30 days from the underwriting agreement date [4]. Group 3: Regulatory Compliance - The offering is being conducted under the company's effective shelf registration statement on Form S-3, which includes a base prospectus previously filed with the SEC [5].

Core Insights - Dakota Gold Corp. has reported additional drill results from the Richmond Hill Oxide Heap Leach Gold Project, highlighting a significant resource of 3.65 million ounces of measured and indicated gold and 2.61 million ounces of inferred gold, along with 38.1 million ounces of measured and indicated silver and 22.8 million ounces of inferred silver [1][3][9] Drill Campaign Updates - The 2025 drill campaign included 242 drill holes, with assays from 37 holes still pending. The 2026 drill campaign has commenced, involving 15,481 meters of drilling across 109 holes, expected to be completed by Q3 2026 [3][6] - Notable drill results include hole RH25C-310, which intersected 5.00 grams per tonne gold and 28.64 grams per tonne silver over 24.9 meters, and hole RH25C-348, which intersected 2.46 grams per tonne gold and 19.16 grams per tonne silver over 32.7 meters [6][10] Silver's Strategic Importance - Silver has been designated as a Critical Mineral in the U.S., emphasizing its growing importance to the economy and national security. The Richmond Hill project is positioned to support domestic silver supply amid rising industrial demand [8][9] - The company anticipates significant silver production, with projections of 8.7 million ounces over a 17-year mine plan and 12.9 million ounces over a 28-year mine plan [9] Future Plans - A Pre-Feasibility Study incorporating the latest gold and silver assay results is scheduled for publication in the second half of 2026, which will enable the company to report reserves and further de-risk the project as it moves towards expected production in 2029 [3][9][13]

Dakota Gold Corp. (NYSE:DC) is among the 11 Best Gold Stocks to Buy for 2026. Dakota Gold Corp. (DC) Announces 2026 Plans for the Richmond Hill and Maitland Gold Projects Dakota Gold Corp. (NYSE:DC) released new drill results and plans for the Richmond Hill and Maitland projects on January 13, 2026. Drilling at Richmond Hill in 2025 yielded 1.18 g/t gold over 47.6 meters and 2.19 g/t over 31.1 meters, including 17.35 g/t over 1.5 meters, from step-out holes that extended mineralization north of present r ...

Core Insights - Dakota Gold Corp. is advancing its Richmond Hill Oxide Heap Leach Gold Project and plans to conduct a drilling program to support a Pre-Feasibility Study (PFS) in the second half of 2026 while also targeting a maiden resource at the Maitland Gold Project by year-end 2026 [1][3][12] 2026 Richmond Hill Program - The company aims to complete studies for a PFS in the second half of 2026, followed by a Feasibility Study in the first half of 2027, which will include processing design and throughput trade-off studies [4][5] - The PFS will optimize processing tons per day from an initial assessment of 30,000 TPD up to 60,000 TPD, incorporating high-grade opportunities and updated metallurgical testing [4][5] - The 2026 drill campaign will consist of 15,481 meters (50,790 feet) across 109 holes, focusing on infill drilling to convert inferred resources to measured and indicated resources [6][12] 2025 Drilling Campaign Results - The 2025 drilling campaign included 242 drill holes totaling 29,279 meters (~96,000 feet), with 181 assay results released to date [5][6] - Significant gold intercepts were reported, including RH25C-323, which intersected 2.19 g/t Au over 31.1 meters, and RH25C-319, which intersected 1.18 g/t Au over 47.6 meters [6][10] 2026 Maitland Program - The 2026 Maitland drill campaign will focus on infill drilling to define a maiden resource for the Unionville Zone, which has a confirmed strike length of at least 2,000 meters (6,562 feet) [12][13] - The JB Gold Zone, a high-grade underground discovery, has an average grade of 10.76 g/t Au from 47 drill holes, providing long-term high-grade optionality [13][12] Company Overview - Dakota Gold is working to advance the Richmond Hill project to commercial production by 2029 and is also outlining a maiden resource at the Maitland Gold Project, both located in South Dakota [17]

Core Insights - Dakota Gold Corp. (NYSE:DC) is recognized as one of the best junior gold mining stocks to buy, with a Buy rating initiated by H.C. Wainwright and a price target of $9.75, indicating an upside potential of 80.86% based on a median price target of $9.88 from all analysts covering the stock [1][3]. Company Overview - Dakota Gold Corp. is actively working to build on the 145-year legacy of mining in the district, holding over 48,000 acres of high-quality gold mineral properties [2]. - The company is in the development stage, primarily focused on exploring gold deposits and aims to restore gold mining in the Homestake District located in Lead, South Dakota [4]. Recent Developments - On December 23, Dakota Gold Corp. reported additional drill hole assay results from the Richmond Hill Gold Project, indicating resource expansion potential with recent drilling intersecting up to 230 meters north of the current Measured and Indicated resource boundary [3]. - In 2025, the company completed 242 drill holes totaling 29,279 meters, with results from 136 drill holes released and 106 pending, expected to be reported in early 2026 [4].

Core Viewpoint - Dakota Gold Corp. has reported significant expansion drilling results from the Richmond Hill Oxide Heap Leach Gold Project, indicating widespread gold mineralization and potential resource growth, with drilling results confirming mineralization extending 230 meters north of the current resource boundary [1][3]. Drilling Campaign Overview - The company has completed 242 drill holes in its 2025 drilling campaign, totaling 29,279 meters (approximately 96,000 feet), with 136 assay results released so far and 106 pending [2]. - The drilling campaign is designed for metallurgical sampling, condemnation drilling, infill drilling, and expansion drilling, aimed at refining resource models and improving geo-metallurgical domain precision [4]. Highlights from Drill Results - Significant high-grade gold mineralization has been confirmed in the northern project area, with results to be incorporated into an updated resource model and ongoing feasibility study [3]. - Notable drill results include: - RH25C-303: 4.52 grams per tonne (g/t) over 15.2 meters, including 31.90 g/t over 1.8 meters [7]. - RH25C-261: 2.87 g/t over 17.3 meters [7]. - The northeast mineralization remains open and has been drill-tested up to 300 meters north and 535 meters wide [7]. Future Plans - Drilling will pause for the remainder of December 2025 and resume in mid-January 2026, with remaining assay results expected to be shared in early 2026 [3]. - The company aims to advance the Richmond Hill project to commercial production by 2029, alongside outlining a high-grade underground gold resource at the Maitland Gold Project [9].

Core Viewpoint - Dakota Gold Corp. is advancing its metallurgical testing program for the Richmond Hill Oxide Heap Leach Gold Project, which is crucial for the feasibility study and aims to assess the project's potential and mitigate risks associated with gold recovery [1][4]. Metallurgical Testing Program - The feasibility study metallurgical program is set to be completed in Q3 2026, involving extensive testing and reporting milestones [2]. - The company has completed significant metallurgical drilling in 2025 and plans to ship 4,000 kg of material for testing, representing 28 potential geo-metallurgical domains [2][9]. - Initial results from the MW3 zone indicate variability in column recoveries, consistent with historical data, supporting the potential for low-cost heap leach processing [4][10]. Project Economics - The project shows strong leverage to rising gold prices, with a net present value (NPV) exceeding $4 billion at gold prices above $4,000 per ounce [5][6]. - The Initial Assessment with Cash Flow (IACF) published in July 2025 outlines various recovery scenarios, indicating significant potential returns based on gold price fluctuations [5][6]. Resource Evaluation - The company is evaluating mine plan sequences and will update the resource model in 2026, incorporating results from 200 drill holes completed in 2025 [7]. - High-grade areas have been identified, with notable drill intercepts such as 1.94 g/t Au over 60.0 meters and 2.78 g/t Au over 39.3 meters [7]. Column Testing Results - Column recoveries for tested materials ranged from 61% to 65% within 60 days, with specific grades of 0.96 g/t Au and 0.53 g/t Au being tested at different crush sizes [7][10]. - Historical data indicates an average recovery of 89% for oxide materials, which aligns with current testing results [12]. Future Steps - The metallurgical program will include further analysis to optimize recoveries and process design, with ongoing testing to assess the impact of various factors on gold recovery [9][11]. - The company is committed to advancing the Richmond Hill project towards potential production by 2029 [6][14].

Core Insights - Dakota Gold Corp. reports significant high-grade gold mineralization at the Richmond Hill Oxide Heap Leach Gold Project, confirming the project's resource growth potential [1][3][6] - The company is actively drilling with plans to complete approximately 27,500 meters (~90,000 feet) during its 2025 drilling campaign [1][3] - The project is positioned for long-term value creation through ongoing drilling, feasibility studies, and permitting processes [3][10] Drilling and Assay Results - Recent metallurgical drill hole RH25C-236 intersected 8.17 grams per tonne gold over 11.3 meters, exceeding current block model grades [6] - Expansion drill hole RH25C-296 intersected 1.45 g/t Au over 18.3 meters, indicating mineralization remains open and is only limited by drilling [6][7] - The company has completed drilling and pump installation at all 28 water wells required for permitting, with sampling initiated in November [3][4] Project Development and Future Plans - Dakota Gold aims to advance the Richmond Hill project to commercial production by 2029, alongside outlining a high-grade underground resource at the Maitland Gold Project [10] - The project requires state and county permits, with a feasibility study and permit application targeted for early 2027 [3][4] - Core drilling is ongoing in the northeast project area, with additional assay results expected through the fourth quarter of 2025 and into 2026 [4][6]

Core Insights - Dakota Gold Corp. has reported assay results from 26 drill holes at the Richmond Hill Oxide Heap Leach Gold Project, confirming high-grade gold mineralization in the northern area, which supports the company's mining plans [1][2][4] Drilling Campaign - The ongoing 2025 drilling campaign aims to complete approximately 27,500 meters (~90,000 feet) of drilling, with two drills currently operating on site [2] - The results from the expansion drilling in the northeast corner of the project indicate significantly higher-grade gold than the average resource grade [6] Assay Results - Notable assay results include: - RH25C-278 intersecting 1.75 grams per tonne (g/t) gold over 19.9 meters - RH25C-295 intersecting 2.15 g/t gold over 30.0 meters - RH25C-270 intersecting 2.26 g/t gold over 29.2 meters - RH25C-288 intersecting 4.15 g/t gold over 14.5 meters [6][10] Project Development - The continuity and quality of the near-surface deposit at Richmond Hill suggest a low-cost, long-life project with high margins, as highlighted in the company's Initial Assessment earlier this year [4] - The metallurgical drilling results are expected to refine the model boundaries and improve the precision of geo-metallurgical domains for the feasibility and mine planning [5][6] Future Plans - The company plans to advance heap leach column testing and will provide updates on these results as they become available [4] - Additional assay results from expansion and infill drilling are anticipated through the fourth quarter of 2025 and into 2026 [4]

Financial Performance - Net loss for the three months ended September 30, 2025, was $10.49 million, compared to a net loss of $10.09 million for the same period in 2024, reflecting a 3.9% increase in losses[10] - Net loss for the nine months ended September 30, 2025, was $20.70 million, a decrease from a net loss of $27.84 million for the same period in 2024, reflecting a 25.5% improvement[10] - The company reported a basic and diluted loss per share of $0.19 for the nine months ended September 30, 2025, an improvement from a loss of $0.31 per share in the same period of 2024[10] - Basic and diluted loss per share improved to $0.09 for the three months ended September 30, 2025, compared to $0.11 for the same period in 2024[10] - The company incurred a net loss of $10,093,122 for the three months ended September 30, 2025[40] Assets and Equity - Total assets increased to $119.25 million as of September 30, 2025, up from $95.35 million at December 31, 2024, representing a 25.1% increase[8] - Total stockholders' equity increased to $115.96 million as of September 30, 2025, up from $92.15 million at December 31, 2024, indicating a 25.8% growth[8] - Total stockholders' equity as of September 30, 2025, was approximately $93.3 million, down from $103.5 million as of December 31, 2023[18] Cash and Cash Equivalents - Cash and cash equivalents rose to $33.02 million at the end of September 2025, compared to $9.41 million at the beginning of the period, marking a 250.5% increase[13] - As of September 30, 2025, the company reported a cash balance of approximately $33.0 million and working capital of approximately $31.0 million[24] Liabilities - The company’s total liabilities stood at $3.29 million as of September 30, 2025, slightly up from $3.20 million at December 31, 2024[8] - Trade payables decreased to $1,343,749 as of September 30, 2025, from $1,721,119 as of December 31, 2024[40] Exploration and Operating Expenses - Exploration expenses for the nine months ended September 30, 2025, totaled $14.62 million, down 29.5% from $20.78 million in the same period of 2024[10] - Exploration expenses for the three months ended September 30, 2025, totaled $7,688,571, slightly lower than $7,802,543 for the same period in 2024[60] - The Company reported total operating expenses of $21,548,123 for the nine months ended September 30, 2025, down from $28,247,551 in the same period of 2024[60] - The company has not generated revenues from its mineral properties, which are still in the exploration stage[22] Stock and Equity Awards - The weighted average number of basic and diluted shares outstanding increased to 112.42 million for the three months ended September 30, 2025, compared to 93.60 million for the same period in 2024, reflecting a 20.0% increase[10] - The company issued 3,024,751 shares of common stock for its ATM program, net of issuance costs, raising approximately $6.83 million[18] - The Company raised approximately $35.1 million through a public offering by issuing 12,400,000 shares at a price of $2.83 per share, incurring share issuance costs of approximately $2.4 million[43] - The Company granted a total of 2,542,802 equity awards during the nine months ended September 30, 2025, compared to 1,808,127 in the same period of 2024[48] Compensation and Tax Rates - The company recognized stock-based compensation expense of $946,916 for the three months ended September 30, 2025[37] - Total stock-based compensation expense for the nine months ended September 30, 2025, was $2,373,711, a decrease from $2,859,650 in the same period of 2024[48] - The effective tax rates for the three and nine months ended September 30, 2025, were 0.15% and 0.18%, respectively, which are significantly lower than the statutory federal income tax rate of 21% due to unrecognized benefits from losses incurred[41] Warrants and Options - As of September 30, 2025, the Company had 6,179,840 warrants outstanding with an exercise price of $2.08, set to expire on March 15, 2026[51] - The Company has extended the option period for the Richmond Hill Option Agreement and the Barrick Option until December 31, 2028, with additional cash payments required[35]