Dakota Gold Corp. SEC Filings

BlackRock, Inc. filed a Schedule 13G reporting beneficial ownership of 5,708,431 shares of Dakota Gold Corp common stock, representing 5.1% of the class as of 09/30/2025. The filing lists sole voting power over 5,625,537 shares and sole dispositive power over 5,708,431 shares, with no shared voting or dispositive power.

BlackRock states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing notes that various persons may have rights to dividends or sale proceeds through managed accounts, but none exceeds five percent of outstanding shares.

Dakota Gold Corporation (DC) received a Form 144 notice for a proposed sale of 50,000 common shares by Stephen O'Rourke under Rule 144. The filing lists an aggregate market value of $238,565.00, an approximate sale date of 10/17/2025, and identifies RBC Capital Markets LLC as broker, with sales to occur on the AMEX.

The shares were acquired via RSU vest on 06/04/2021 in the amount of 50,000. The filing also reports a sale during the past three months on 10/16/2025 of 50,000 shares for $266,835.00 in gross proceeds. Shares outstanding were listed as 112,343,862.

Form 144 notice filed for a proposed sale of up to 50,000 shares of common stock. The filing lists an aggregate market value of $266,835, with RBC Capital Markets, LLC as broker and an approximate sale date of 10/16/2025 on the AMEX.

The shares were acquired via an RSU vest on 06/04/2021 from the issuer, totaling 50,000 shares. The filing also notes 112,343,862 shares outstanding. This is a notice of intent and does not itself execute a sale.

Shawn Campbell, Chief Financial Officer of Dakota Gold Corp. (DC), reported a Form 4 filing showing a disclosed change in beneficial ownership dated 09/08/2025. The filing lists a transaction in COMMON STOCK on 09/08/2025 with code "P" for 11,261 shares disposed at a reported price of $0. After the reported transaction the filing shows 204,115 shares beneficially owned directly and 234,491 shares beneficially owned indirectly (held by spouse). The filing includes an explanation that the shares arise from restricted stock units (RSUs) granted under the issuer's 2022 Stock Incentive Plan, with vesting scheduled in three equal tranches on September 8, 2026, September 8, 2027 and September 8, 2028.

Stephen T. O'Rourke, a director of Dakota Gold Corp. (DC), was granted 11,990 restricted stock units (RSUs) on 09/02/2025 under the company’s 2022 Stock Incentive Plan. Each RSU converts to one share of common stock and the grant carried a reported price of $0. Following the grant, the filing reports the reporting person beneficially owns 1,068,199 shares.

The RSUs vest in three equal tranches on 09/02/2026, 09/02/2027 and 09/02/2028, so the shares are subject to time-based vesting rather than immediate transfer.

Robert Quartermain, CEO and director of Dakota Gold Corp. (DC), was granted 325,000 stock option awards on 09/02/2025. The options have an exercise price of $4.17 per share, a ten-year term expiring 09/02/2030, and become exercisable in three equal tranches starting 09/02/2026 with subsequent vesting on 09/02/2027 and 09/02/2028. Following the grant, Mr. Quartermain directly beneficially owns 325,000 option shares. The Form 4 was signed by an authorized representative on 09/03/2025.

Dakota Gold Corp. (DC) reporting person Kevin Puil filed an amended Form 3 to disclose previously omitted warrants. The amendment shows 18,037 warrants exercisable into common stock, issued 03/15/2021 and expiring 03/15/2026, with an exercise price of $2.08. The filing identifies Mr. Puil as a director and is signed by a power of attorney on behalf of the reporting person.

Dakota Gold Corp. (DC) submitted a Form 144 Notice reporting a proposed sale of 300,000 common shares through Edward Jones on 08/28/2025. The filing states an aggregate market value of $1,254,000 for the shares and lists 112,343,862 shares outstanding, implying the block equals about 0.27% of outstanding shares. The shares were originally acquired on 09/28/2012 in an asset purchase from Dakota Territory Resource Corp; the filer shows an original acquired amount of 3,750,000 shares. The notice indicates no securities sold by the reporting person in the past three months and includes the standard representation that the filer is not aware of undisclosed material adverse information.

Dakota Gold Corp. is an exploration-stage company focused on gold projects in the Homestake District. The company held approximately $41.97 million in cash and working capital of about $39.7 million, reported a net loss of $6.47 million for the quarter and $10.21 million year-to-date, and had an accumulated deficit of about $86.8 million. The balance sheet shows $82.7 million in mineral rights and properties and property-and-equipment net of about $2.1 million.

Operating highlights include an updated Richmond Hill Initial Assessment with a base-case after-tax NPV (5%) of $1.6B (M&I) and $2.1B (MI&I), after-tax IRRs of 55% and 59%, and an initial capital cost of ~$384M. Dakota Gold completed 315 holes totaling ~433,000 feet since 2022 and reported a 2025 intersection of 1.94 g/t over 60.0 meters at Richmond Hill. Financing activity in the period provided ~$41.2M of cash, including a public offering that raised net proceeds of ~$32.7M and ATM proceeds of ~$7.3M. Management targets a feasibility study by 2027 and production planning toward 2029.