Dakota Gold Corp. reports developments tied to gold exploration and mine-development work in South Dakota's historic Homestake District. Company news centers on the Richmond Hill Oxide Heap Leach Gold Project, including drill assay results, gold and silver mineralization updates, resource-definition work, metallurgical sampling, and mine-planning activities.
Updates also cover operating and financial results, common stock offerings and other capital-structure matters, material agreements, shareholder voting matters, board composition, and governance changes as Dakota Gold advances mineral properties surrounding the historic Homestake Mine.
Dakota Gold Corp. (NYSE American: DC) has announced the pricing of its public offering of 12.4 million shares of common stock, expected to close around March 24, 2025. The offering will generate gross proceeds of approximately $35 million, potentially reaching $40 million if underwriters exercise their 30-day option to purchase up to 1.86 million additional shares.
BMO Capital Markets leads as book-running manager, with Canaccord Genuity as book-running manager and CIBC Capital Markets, RBC Capital Markets, Scotiabank, and Agentis Capital Markets Partnership serving as co-managers. The company plans to use the net proceeds for working capital and general corporate purposes.
Dakota Gold Corp (NYSE American: DC) has announced a public offering of 12,400,000 shares of its common stock in the United States. The offering will be led by BMO Capital Markets as part of an underwriting syndicate.
The company plans to use the net proceeds for working capital and general corporate purposes. The underwriters will have a 30-day option to purchase up to an additional 1,860,000 shares, representing 15% of the initial offering.
The offering is being made through the company's effective shelf registration statement on Form S-3, with a prospectus and related supplement that meets Securities Act requirements. Documents are available through the SEC's website or directly from BMO Capital Markets.
Dakota Gold Corp. (NYSE American: DC) has announced significant heap leachable gold resources at its Richmond Hill Project in South Dakota, totaling 3.65 million ounces of measured and indicated mineral resources. The resource includes both oxide and transition materials, with an additional 2.61 million ounces in the inferred category.
The project's mineralization is shallow, with portions exposed at or near surface. The company plans to advance the project through economic studies to Feasibility, targeting commercial production by 2029. The resource remains open to expansion in the north and southeast areas, with drilling planned for 2025.
Barrick Gold has extended the option period for both Richmond Hill and Homestake options until December 31, 2028, requiring additional annual payments. Dakota Gold has contracted with multiple firms to conduct engineering and metallurgical studies, with an Initial Assessment with Cash Flow planned for mid-2025.
Dakota Gold Corp (NYSE American: DC) has announced it will release a new S-K 1300 Initial Assessment for its Richmond Hill Oxide Heap Leach Gold Project in South Dakota on February 6, 2025, after market close. The company will host a webcast conference call on Friday, February 7, 2025, at 11am Eastern / 9am Mountain / 8am Pacific to discuss the report and mineral resource assessment.
Interested parties can join the conference call through the provided webcast link or by calling USA/Canada Toll Free at 1-844-763-8274 or International Toll at +1-647-484-8814.
Dakota Gold Corp. (NYSE American: DC) has announced final results from 24 drill holes at its Richmond Hill Gold Project, completing a program initiated in November 2023. The results will be incorporated into an updated S-K 1300 Initial Assessment in Q1 2025. Notable intersections include 2.22 g/t Au over 50.0 meters and 3.30 g/t Au over 11.8 meters.
The current maiden resource includes 1.33 million ounces in Indicated Resources at 0.80 g/t Au and 1.13 million ounces in Inferred Resources at 0.61 g/t Au. The company reports that the Richmond Hill resource shell remains open in all directions, with potential for significant growth through additional drilling and metallurgical improvements.
Dakota Gold Corp. (NYSE American: DC) announces significant drilling results at its Maitland Gold Project, nearly doubling the known strike-length of Homestake iron-formation hosted gold mineralization. The company's 2024 drill program has identified four distinct ledges with high-grade gold intercepts, generating 49 intercepts from 73 holes at an average grade of 10.11 g/t Au over 3.8 meters. Key highlights include step-out drill hole MA24C-058 intersecting 28.10 g/t Au over 0.8 meters, located 710 meters northwest of the JB Gold Zone discovery. The mineralized ledges now extend to 1,646 meters and remain open along strike and depth.
Dakota Gold Corp. (NYSE American: DC) announced results from thirteen drill holes at the Richmond Hill Gold Project, expanding its maiden resource. Key highlights include intersections of 4.14 g/t Au over 10.2 meters (RH24C-110), 1.84 g/t Au over 10.5 meters (RH24C-115), and 1.99 g/t Au over 13.4 meters (RH24C-118) in the Chism Gulch area.
The company plans to update its S-K 1300 Initial Assessment in Q1 2025, building upon its maiden resource of 1.33 million indicated ounces and 1.13 million inferred ounces. Dakota Gold envisions Richmond Hill as a low-cost surface oxide heap leach operation, with engineering and metallurgical studies in progress to advance toward a full feasibility study in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) has announced results from fifteen drill holes at the Richmond Hill Gold Project, showing promising expansion potential for their maiden resource. Key intersections include 1.48 g/t Au over 38.1 meters and 1.03 g/t Au over 33.8 meters. The current resource includes an Indicated Resource of 51.83 Mt at 0.80 g/t Au (1.33M ounces) and an Inferred Resource of 58.06 Mt at 0.61 g/t Au (1.13M ounces). The company plans to include 88 new drill holes totaling 17,000 meters in an updated S-K 1300 resource estimate in Q1 2025, followed by an Initial Assessment with Cash Flow in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) has announced positive drill results from seventeen holes in its ongoing infill program at the Richmond Hill Gold Project. The program aims to expand the maiden resource announced in April 2024, which included an Indicated Resource of 51.83 Mt at 0.80 g/t Au (1.33M ounces) and an Inferred Resource of 58.06 Mt at 0.61 g/t Au (1.13M ounces).
Notable intersections include 1.15 g/t Au over 51.7 meters and 0.96 g/t Au over 41.5 meters. The company plans to include 88 new drill holes totaling 17,000 meters in an updated S-K 1300 resource estimate in Q1 2025, followed by an Initial Assessment with cash flow analysis in Q2 2025.
Dakota Gold Corp. (NYSE American: DC) announces the appointment of Robert Quartermain as President and CEO, effective immediately, replacing Jonathan Awde who resigned from his positions. Dr. Quartermain, currently Co-Chairman and largest individual shareholder, brings extensive experience in resource development. The company's priorities include advancing the Richmond Hill project through feasibility study and developing the gold potential at the Maitland project. Dr. Stephen O'Rourke transitions to Managing Director, while Amy Koenig becomes Independent Lead Director. The company plans to search for a permanent CEO successor.