Dakota Gold Announces Pricing of Offering of Common Stock for Gross Proceeds of Approximately $35 Million

Core Viewpoint - Dakota Gold Corp. has announced a public offering of 12,400,000 shares of common stock, aiming for gross proceeds of approximately $35 million, which could increase to about $40 million if underwriters fully exercise their option [1][2]. Group 1: Offering Details - The offering is expected to close on or about March 24, 2025, pending necessary regulatory approvals [1]. - The net proceeds from the offering will be utilized for working capital and other general corporate purposes [2]. - The offering is being managed by BMO Capital Markets as the lead book-running manager, with Canaccord Genuity as the book-running manager and several other firms acting as co-managers [3]. Group 2: Underwriters' Option - Dakota Gold has granted underwriters an option to purchase up to an additional 1,860,000 common shares, representing up to 15% of the shares being sold in the offering [4]. - This option is exercisable for a period of 30 days from the date of the underwriting agreement [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].