Dakota Gold (DC)

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Dakota Gold (DC) - 2023 Q4 - Annual Report
2024-03-28 19:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number 000-41349 Dakota Gold Corp. (Exact Name of Registrant as Specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 85-3475290 (I.R.S. Employer Ide ...
Dakota Gold (DC) - 2024 Q2 - Quarterly Report
2023-11-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ___________ Commission file number 000-41349 Dakota Gold Corp. (Exact Name of Registrant as Specified in its charter) (State or other jurisdiction of inc ...
Dakota Gold (DC) - 2024 Q1 - Quarterly Report
2023-08-09 16:00
FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ___________ 106 Glendale Drive, Suite A, Lead, SD 57754 (Address of principal executive offices) (Zip Code) (605) 717-2540 (Registrant's telephone number, inc ...
Dakota Gold (DC) - 2023 Q4 - Annual Report
2023-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ___________ Commission file number 000-41349 Dakota Gold Corp. (Exact Name of Registrant as Specified in its charter) (State or other jurisdiction of incorpo ...
Dakota Gold (DC) - 2023 Q2 - Quarterly Report
2022-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ___________ Commission file number 000-41349 Dakota Gold Corp. (Exact Name of Registrant as Specified in its charter) Nevada 85-3475290 (State or other j ...
Dakota Gold (DC) - 2023 Q1 - Quarterly Report
2022-08-09 16:00
Financial Performance - Net loss for the three months ended June 30, 2022, was $5,808,725, compared to a net loss of $12,842,724 for the same period in 2021, representing a 54.8% improvement[16] - Basic and diluted loss per share improved to $(0.08) from $(0.17) year-over-year[16] - For the three months ended June 30, 2022, the net loss attributable to owners of the Company was $5,808,725, a decrease from a net loss of $8,294,677 for the same period in 2021, representing a 30% improvement[16] - The total operating expenses for the three months ended June 30, 2022, were $7,080,178, down from $12,912,389 in the prior year, indicating a reduction of approximately 45%[16] - The total other income for the three months ended June 30, 2022, was $52,729, compared to an expense of $105,315 in the same period of 2021, indicating a significant turnaround[16] - The Company reported a deferred tax benefit of $1,218,724 for the three months ended June 30, 2022, compared to $174,980 in the same period of 2021, marking a substantial increase[16] Assets and Liabilities - Total current assets decreased from $41,872,612 to $36,677,980, a decline of approximately 12.5%[10] - Total stockholders' equity decreased from $113,834,405 to $109,960,197, a decline of about 3.8%[11] - Total liabilities decreased from $6,250,177 to $5,042,258, a reduction of approximately 19.3%[12] - Total assets decreased from $120,084,582 to $115,002,455, a decline of approximately 4.2%[10] - Cash and cash equivalents at the end of the period were $35,042,049, down from $41,401,116, a decrease of approximately 15.4%[19] - The total current liabilities as of June 30, 2022, were $2,547,959, compared to $2,537,154 as of March 31, 2022[12] Exploration and Investment - Exploration expenses increased to $3,771,517 from $2,183,641, reflecting a 72.8% rise year-over-year[16] - The carrying cost of the company's mineral properties was $77,000,841 as of June 30, 2022, slightly up from $76,962,958 as of March 31, 2022[33] - The Company completed the purchase of the Maitland Gold Property for a total consideration of $4.82 million, including $3.5 million in cash and 750,000 shares valued at $1.76 each[29] - The Company made a cash payment of $1.3 million and issued 1 million shares valued at $4,850,000 to acquire surface rights and facilities in the Homestake District[30] - The Company holds a total of 43,971 acres of surface and mineral lease rights across eleven brownfield project areas in the Homestake District[32] - The Company has not established proven or probable mineral reserves under Regulation S-K Subpart 1300 as of June 30, 2022[32] Stock and Compensation - The weighted average number of basic and diluted shares outstanding increased to 70,958,194 from 49,064,261, an increase of about 44.5%[16] - The Company recognized stock-based compensation related to the vesting of RSUs totaling $1,068,173 for the three months ended June 30, 2022, with $903,544 allocated to administrative expenses[53] - The Company recognized stock-based compensation related to the vesting of stock options totaling $854,344 for the three months ended June 30, 2022[46] - The unrecognized compensation cost related to unvested options as of June 30, 2022, was $1,626,055, which will be expensed through December 2023[51] - As of June 30, 2022, there were 7,615,718 warrants outstanding, all with an exercise price of $2.08, expiring on March 15, 2026[52] - The Company issued 800,000 shares of common stock for restricted stock units during the three months ended June 30, 2022[22] Mergers and Acquisitions - Dakota Gold Corp. completed the DTRC Merger on March 31, 2022, acquiring the remaining shares of Dakota Territory Resource Corp. for an equal number of shares[24] - The DTRC Merger was completed on March 31, 2022, resulting in Dakota Gold owning approximately 51% of the combined entity, enhancing its market position[24]
Dakota Gold (DC) - 2022 Q4 - Annual Report
2022-06-27 16:00
Exploration and Development - Dakota Gold Corp. reported a significant increase in exploration expenditures, totaling $5 million for the year, representing a 25% increase compared to the previous year[14]. - The company anticipates a 15% increase in mineral reserves at its Black Hills Property following ongoing drilling programs[15]. - Dakota Gold Corp. plans to expand its operations in the Homestake District, with an estimated budget of $10 million allocated for future exploration activities[14]. - The company successfully raised $3 million in capital to support its exploration plans, reflecting strong investor confidence[15]. - Dakota Gold Corp. is in the process of obtaining necessary permits for future drill programs, which is expected to enhance operational efficiency[15]. - The company reported a 20% increase in the average grade of ore from its recent drilling results, indicating improved mineral quality[14]. - Dakota Gold Corp. expects to achieve a production target of 50,000 ounces of gold in the upcoming fiscal year, a 30% increase from the previous year[15]. - The company is exploring potential acquisition opportunities to enhance its asset portfolio and market position[15]. - The company aims to introduce new technologies in its mining operations to increase efficiency and reduce costs by 10% over the next year[14]. Risks and Challenges - The company faces risks associated with a lack of defined resources that are not SEC S-K 1300 compliant reserves[16]. - The company has a history of losses and requires additional financing to develop a producing mine[16]. - The exploration activities may not be commercially successful, impacting the company's financial condition[16]. - The company is subject to fluctuations in commodity prices, which can affect its operations[16]. - There are risks related to governmental and environmental regulations that may impact future operations[16]. - The company has identified potential risks associated with the COVID-19 pandemic and cybersecurity threats[16]. - The company is dependent on key personnel, which poses risks related to its ability to manage growth[16]. - The company has a limited operating history, which adds uncertainty to its future performance[16]. - The company may face challenges in attracting and retaining qualified personnel[16]. Forward-Looking Statements - The company cautions that actual results may vary materially from forward-looking statements due to various risks and uncertainties[17]. - The company anticipates future results and developments based on forecasts and management assumptions[14]. - Forward-looking statements include expectations regarding the exploration program at the Black Hills Property in South Dakota[15]. - The company acknowledges risks associated with fluctuations in commodity prices affecting its financial condition[16]. - There are uncertainties regarding the success of obtaining necessary permits for future drill programs[15]. - The exploration activities are currently in the exploration stage, which presents inherent risks[16]. - The company is subject to various regulatory and environmental risks that could impact operations[16]. - There is a potential need for additional financing to develop a producing mine if warranted[16]. - The company warns against placing undue reliance on forward-looking statements due to inherent uncertainties[17]. - The company disclaims any obligation to revise forward-looking statements after their date[17].