Dakota Gold (NYSE American: DC) shifts CEO role as Richmond Hill advances
Rhea-AI Filing Summary
Dakota Gold Corp. announced a planned CEO transition tied to the advancement of its Richmond Hill Gold Project. Dr. Robert Quartermain will retire as Chief Executive Officer effective August 18, 2026, while continuing as Director and Board Co-Chair. The Board has appointed current President and COO Jack Henris, a 35-year mining veteran and South Dakota School of Mines graduate, to become CEO and join the board on the same date.
Henris’s compensation package includes an annual base salary of $360,000, a discretionary bonus opportunity equal to 75% of base salary tied to performance goals, and at least $630,000 in long-term incentive awards, subject to vesting. Management highlights progress at Richmond Hill to pre-feasibility stage, notes having secured funding to execute planned programs through 2028, and cites a cash balance of $107 million in March 2026 financial statements, supporting a goal of moving the project toward potential production as soon as 2029. Additional leadership adjustments include planning to appoint Shawn Campbell as Chief Development Officer and continued oversight of permitting by SVP and Chief Legal Officer Amy Koenig.
Positive
- Management reports $107 million in cash in March 2026 financial statements and states it has secured funding to execute planned programs through 2028, supporting the Richmond Hill Gold Project’s development plans.
- Richmond Hill has advanced to pre-feasibility stage, and the company is targeting potential production as soon as 2029, indicating a clearer development timeline for its flagship project.
Negative
- CEO Dr. Robert Quartermain will retire from the chief executive role effective August 18, 2026, introducing a leadership transition during a key phase of the Richmond Hill project’s development.
8-K Event Classification
Key Figures
Key Terms
pre-feasibility stage technical
oxide heap leach developments technical
large-scale mine permit regulatory
forward-looking statements regulatory
pre-feasibility study technical
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FAQ
What leadership changes did Dakota Gold (DC) announce in this 8-K?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Departure of Chief Executive Officer
On July 24, 2026, Dr. Robert Quartermain, Chief Executive Officer, Director, and Board Co-Chair of Dakota Gold Corp. (“Dakota Gold” or the “Company”), notified the Board of Directors of the Company of his retirement from his role as Chief Executive Officer, effective August 18, 2026. Dr. Quartermain will continue in his roles as Director and Board Co-Chair. The Company thanks Dr. Quartermain for his service as the Chief Executive Officer, wishes him success in his retirement, and looks forward to his continued engagement as a Director and Co-Chair of the Board of Directors.
Appointment of Chief Executive Officer and Director
On July 27, 2026, the Board of Directors of the Company appointed Jack Henris to serve as the Company’s Chief Executive Officer, effective as of August 18, 2026. Also on July 27, 2026, Mr. Henris was appointed by the Board of Directors as a director of the Company, effective August 18, 2026.
Mr. Henris, age 63, has more than 35 years of experience in the mining industry and is a graduate of the South Dakota School of Mines and Technology with a Bachelor’s Degree in Geological Engineering. Since June 1, 2025, he has served as the Company’s President and Chief Operating Officer. Prior to joining Dakota Gold, Mr. Henris was Chief Operating Officer for Hycroft Mining in Winnemucca, Nevada from January 2021 to March 2022. In addition, his mining experience includes General Manager, Mine Manager, and Chief Mine Engineer roles with Newmont Mining in Northeastern Nevada and Colorado for 12 years (August 2005 – September 2017), Senior Mining Consultant with Stantec in Chandler, Arizona (December 2019 – January 2021) and Vice President of Mining and Geotechnical for Goldcorp in Vancouver, British Columbia, Canada (December 2017 – April 2019). Prior to that, Mr. Henris worked for Barrick in Northeastern Nevada at the Goldstrike Mine for nine years (September 1995 – March 2004), advancing through senior operations and technical roles. During his time at both Newmont and Barrick, Mr. Henris gained design and operational experience with open pit oxide heap leach developments. Also, Mr. Henris worked for Homestake Mining Company for eight years (August 1987 – September 1995), including five years at the Open Cut in Lead, South Dakota and additional exploration and technical roles in Nevada and South Dakota.
In his new role as Chief Executive Officer, Mr. Henris’s compensation includes the following (i) an annual base salary of $360,000, to be evaluated annually by the Board of Directors (or a committee thereof); (ii) an annual discretionary bonus of 75% of his base salary upon the attainment of one or more pre-established performance goals established by the Board of Directors or its Compensation Committee, and (iii) long-term incentive compensation of at least $630,000, subject to vesting conditions as determined by the Board of Directors or its Compensation Committee.
As an employee of the Company, Mr. Henris is not an independent director and therefore will not serve on any committees of the Board of Directors or receive compensation for his service as a director of the Company.
There are no arrangements or understandings between Mr. Henris and any other persons pursuant to which Mr. Henris is appointed as Chief Executive Officer or as a director of the Company. Mr. Henris does not have any family relationships with any of the Company’s directors or executive officers and has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed under Item 404(a) of Regulation S-K.
| Item 7.01 | Regulation FD Disclosure |
On July 29, 2026, the Company issued a press release announcing the foregoing updates. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release, dated July 29, 2026 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DAKOTA GOLD CORP. | ||
| /s/ Shawn Campbell | ||
| Name: | Shawn Campbell | |
| Title: | Chief Financial Officer | |
Date: July 29, 2026
Exhibit 99.1
| July 29, 2026 | News Release 26-11 |
Dakota Gold announces leadership changes as it advances its Richmond Hill Gold Project
LEAD, SOUTH DAKOTA – Dakota Gold Corp. (NYSE American: DC) (“Dakota Gold” or the “Company”)
is pleased to announce leadership changes designed to support the Company’s next phase of growth as it advances the Richmond Hill Gold Project (“Richmond Hill” or the “Project”) through development and toward production. Dr. Robert Quartermain, C.M., will retire as Chief Executive Officer (CEO) on August 18, 2026, after serving in the role since November 2024. Dr. Quartermain will continue to provide leadership and strategic guidance as Co-Chair and Director of Dakota Gold’s Board of Directors. Jack Henris, who joined Dakota Gold a year ago as President and Chief Operating Officer (COO), will assume the role of CEO upon Dr. Quartermain’s retirement.
“Since assuming the role of CEO in November 2024, Dakota Gold has achieved meaningful progress in advancing Richmond Hill to pre-feasibility stage and has secured the funding required to execute its planned programs through 2028. These were my two primary objectives when I assumed the role as CEO,” commented Dr. Quartermain. “As Dakota Gold’s largest shareholder, I remain highly supportive of Mr. Henris and the leadership team as they continue to advance Richmond Hill along its development path. I am excited about Dakota Gold’s opportunities in the Homestake District, particularly at a time of strong gold prices and increasing investor awareness.”
Stephen O’Rourke, Co-Chair of Dakota Gold’s Board of Directors, commented, “On behalf of the Board, we thank Dr. Quartermain for stepping into the CEO role and helping position Dakota Gold for its next stage of growth. Under his leadership, the Company strengthened its financial position, reporting $107 million in cash in its March 2026 financial statements, while he worked closely with Mr. Henris to build the team required to execute on our Richmond Hill development plans. We look forward to Dr. Quartermain’s continued guidance and insight as Co-Chair and Director, as Mr. Henris and the leadership team advance the Company’s strategy.”
“I am delighted to assume the role of CEO and to be supported by such a highly capable team at such an important and exciting time for Dakota Gold,” said Jack Henris, President and COO. “Having started my career at the Homestake Mine in 1987, I have a deep appreciation for the district and the opportunity in front of us. With Richmond Hill, Dakota Gold has the potential to responsibly develop what could become the largest gold-producing mine in South Dakota. I look forward to continuing to work with Dr. Quartermain in his role on the Board, where his geological insights will be instrumental as we seek to identify additional value across our Maitland Gold Project and broader land position as the largest mineral land holder in the Homestake District.”
To further support Mr. Henris in his role as CEO and strengthen Dakota Gold’s development-focused leadership structure, Shawn Campbell will be appointed Chief Development Officer, with responsibility for ongoing shareholder engagement and sourcing construction financing for the development of Richmond Hill. Amy Koenig will continue in her role as SVP, Chief Legal Officer and Corporate Secretary. Drawing on her previous regulatory and litigation experience at Black Hills Energy (NYSE: BKH), Ms. Koenig will also manage the Company’s permitting processes as Dakota Gold prepares to file its large-scale mine permit later this year.
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About Dakota Gold Corp.
Dakota Gold is a responsible exploration and development company advancing the Richmond Hill Gold Project toward production as soon as 2029, while continuing to define and expand the high-grade underground gold resource potential at the Maitland Gold Project. Both projects are located on private land within the historic Homestake District of South Dakota, one of the most prolific gold mining regions in the United States.
Subscribe to Dakota Gold’s e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.
Shareholder and Investor Inquiries
For more information, please contact:
Jack Henris
President and COO
Tel: +1 605-717-2540
Shawn Campbell
Chief Financial Officer
Tel: +1 778-655-9638
Carling Gaze
VP of Investor Relations and Corporate Communications
Tel: +1 605-679-7429
Email: info@dakotagoldcorp.com
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Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend,” “potential,” “will” and “expect” and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding additional drilling, metallurgy and modeling; our expectations for the improvement and growth of the mineral resources and potential for conversion of mineral resources into reserves; completion of a pre-feasibility study, a feasibility study, and/or permitting; and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by annual, quarterly and current reports that we file with the SEC, which are available at www.sec.gov. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.
All references to “$” in this communication are to U.S. dollars unless otherwise stated.
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