Latest news with #DakotaGold
Yahoo
21-03-2025
- Business
- Yahoo
Dakota Gold Announces Pricing of Offering of Common Stock for Gross Proceeds of Approximately $35 Million
Lead, South Dakota--(Newsfile Corp. - March 20, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") today announced the pricing of its previously announced public offering of 12,400,000 shares of its common stock, par value $0.001 (the "Common Shares") in the United States (the "Offering"). The Offering is expected to close on or about March 24, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the approval of the NYSE American. The gross proceeds to Dakota Gold from the Offering, before deducting expenses, will be approximately $35 million, or approximately $40 million if the Underwriters exercise the Option (as defined below) in full. The Company expects to use the net proceeds of the Offering for working capital and other general corporate purposes. The Common Shares will be offered by the Company with BMO Capital Markets acting as lead book-running manager, Canaccord Genuity acting as book-running manager and CIBC Capital Markets, RBC Capital Markets, Scotiabank and Agentis Capital Markets Limited Partnership acting as co-managers (collectively, the "Underwriters"). Dakota Gold has also granted the Underwriters an option (the "Option") to purchase up to an additional 1,860,000 Common Shares representing up to 15% of the number of Common Shares to be sold pursuant to the Offering. The Option is exercisable for a period of 30 days from the date of the Underwriting Agreement, dated March 20, 2025, between Dakota Gold and BMO Capital Markets, as representative of the several Underwriters (the "Underwriting Agreement"). The Offering to the public in the United States is being made pursuant to the Company's effective shelf registration statement on Form S-3, including a base prospectus, previously filed with the Securities and Exchange Commission (the "SEC"). The Offering in the United States will be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. You may obtain these documents for free by visiting EDGAR on the SEC's website at Alternatively, copies of the preliminary prospectus supplement and the base prospectus may be obtained by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036. This news release does not constitute an offer to sell or the solicitation of an offer to buy shares of Dakota Gold's common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Dakota Gold Corp. Dakota Gold is a South Dakota-based responsible gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 48 thousand acres surrounding the historic Homestake Mine. For further information about Dakota Gold Corp., please contact: Dr. Robert Quartermain Co-Chair, Director, President and Chief Executive Officer Tel: +1 778-655-9638 Carling GazeVP of Investor Relations and Corporate CommunicationsTel: +1 605-679-7429 Email: info@ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS OR INFORMATION 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. Forward-looking statements include, but are not limited to, disclosure regarding the conduct of the Offering; the granting of the Underwriters' over-allotment option; and the anticipated use of proceeds from the Offering. In certain cases, forward-looking statements can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate," "expect" "plan," "likely," "believe," "intend," "forecast," "project," "estimate," "potential," "could," "may," "will," "would" or "should." 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. 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, 2024, as updated by annual, quarterly and current reports that we file with the SEC, which are available at 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. To view the source version of this press release, please visit
Yahoo
20-03-2025
- Business
- Yahoo
Dakota Gold taps Dakota Institute for mine study
PIERRE, S.D. (KELO) — A company that intends to mine gold in the northern Black Hills of South Dakota wants a Sioux Falls firm to study the socioeconomic impacts associated with the project. State law requires the study as part of seeking a mining permit from the South Dakota Board of Minerals and Environment. The board on Thursday approved the Dakota Gold Corp request for Sioux Falls-based Dakota Institute to perform the study. Dakota Gold, based in Lead and Vancouver, says it has 'high-caliber gold mineral properties' on more than 48,000 acres surrounding the old Homestake Mine at Lead. Impeaching judges 'unusual, unique' law school dean says The company has been test drilling at the Richmond Hill and Maitland project sites a few miles northwest of Lead. The Richmond Hill site is directly north of the Wharf Mine, which is the Black Hills' last remaining large-scale gold producer. At this point, there is no application yet from Dakota Gold, according to Ben Koisti, public affairs officer for the South Dakota Department of Agriculture and Natural Resources. He said the socioeconomic study is part of the baseline work a mine permit applicant must do before applying for a mine permit. One of the state's board members, Bob Morris of Belle Fourche, asked Thursday whether there was any connection between Dakota Gold and Dakota Institute. 'To my knowledge there is no connection between the two companies,' replied Roberta Hudson, a scientist with the Minerals, Mining, and Superfund Program in the South Dakota Department of Agriculture and Natural Resources. Dakota Gold environmental director Timm Comer said they aren't connected 'in any way.' Jerad McEntaffer, the institute's CEO and chief economist, likewise said there wasn't any connection. The state board's chair, Glenn Blumhardt of Bowdle, said he couldn't recall that Dakota Institute had performed any other socioeconomic study required by the board. 'That's correct. This is my first time before you guys,' McEntaffer said. Board member Doyle Karpen of Jefferson suggested a tour of the Dakota Gold proposed site later this year. Blumhardt had told board members at their January meeting that he wanted a meeting in the Black Hills for September 17-18. 'I think that's kind of the plan,' Blumhardt replied to Karpen on Thursday. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-03-2025
- Business
- Yahoo
Dakota Gold will conduct pre-permit study for potential mine in Homestake area
A drilling rig operates northwest of Lead as part of a Dakota Gold exploratory drilling project in January 2023. (Seth Tupper/South Dakota Searchlight) A South Dakota company earned the state's blessing Thursday to take a formal step toward a large-scale gold mining permit in the northern Black Hills. The South Dakota Board of Minerals and Environment unanimously approved Dakota Gold's request to begin a socioeconomic study on the potential impact of the company's proposed Richmond Hill mining operation. State law requires such a study from any operation with plans to apply for a large-scale mine. The Richmond Hill project area in Lawrence County sits on private land half a mile north of the Wharf Mine, the state's only operational, large-scale gold mine, which is operated by Chicago-based Coeur Mining. Richmond Hill is one of the multiple exploratory projects in Dakota Gold's portfolio in that area, home historically to the Homestake mine, shuttered in 2002 after 125 years of production. Last month, the company released a report saying the Richmond Hill site has the potential to produce 3.65 million ounces of gold. The Wharf Mine, for context, has produced about 3 million ounces of gold since 1982. Homestake produced more than 40 million ounces. Dakota Gold Environmental Director Timm Comer attended Thursday's meeting virtually, as did Dakota Institute CEO Jared McEntaffer, the contract academic whose firm will conduct the socioeconomic impact study. Dakota Institute is a research firm not affiliated with Dakota Gold. Production jumps higher at Black Hills gold mine A lone board member asked to confirm that the companies are separate entities. Aside from that, no board members asked questions before unanimously approving Dakota Gold's request to set McEntaffer to work. No one spoke on the Richmond Hill project during the board's public comment period. After the meeting, Comer confirmed that the mine would be an above-ground operation. The Black Hills Clean Water Alliance posted information to its website in advance of Thursday's meeting that notes concerns about Dakota Gold and the potential environmental impact of a mine. The group's Lilias Jarding told South Dakota Searchlight that a member monitored the meeting remotely, but that the socioeconomic study is too preliminary in the multi-step process of permitting to have warranted opposition testimony. The $35,000-$50,000 Dakota Institute study will address Lawrence County's infrastructure, economic base and social conditions, according to a proposal filed with the board prior to Thursday's meeting. McEntaffer aims to return to Dakota Gold a 'realistic approximation' of the economic activity of an operational Richmond Hill mine, which the mining company in turn would submit as part of an official application for a large-scale mine. 'This activity will include direct company labor and material requirements as well as input requirements by subcontractors,' the proposal says. The study would also touch upon housing needs and availability, social impacts of population growth and 'adjacent land issues.' The latter part of the study would engage with Lawrence County planning and zoning officials and RESPEC, a Rapid City consulting firm. The analysis will be completed by 2026. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
05-02-2025
- Business
- Yahoo
Dakota Gold Announces Date for Webcast Conference Call to Review the New Resource for Richmond Hill
Lead, South Dakota--(Newsfile Corp. - February 5, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce the expected release of the new S-K 1300 Initial Assessment (the "Initial Assessment" or the "Report") for the Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill") in South Dakota on Thursday, February 6, 2025 after market close. A webcast conference call will be held the morning of Friday, February 7, 2025 by the Company's management to review the Report and mineral resource. Webcast Conference Call Information: Date: Friday, February 7, 2025Time: 11am Eastern / 9am Mountain / 8am PacificWebcast: Click here USA/Canada Toll Free: 1-844-763-8274International Toll: +1-647-484-8814 About Dakota Gold Corp. Dakota Gold is building on the legacy of the 145-year-old Homestake Gold Mining District by advancing the Richmond Hill Oxide Heap Leach Gold Project and outlining a high-grade underground gold resource at the Maitland Gold Project located on private land in South Dakota. Subscribe to Dakota Gold's e-mail list at to receive the latest news and other Company updates. Shareholder and Investor Inquiries For more information, please contact:Dr. Robert Quartermain Co-Chair, Director, President and Chief Executive Officer Tel: +1 778-655-9638 Dr. Stephen O'Rourke Co-Chair, Director and Managing DirectorTel: +1 605-717-2540 Carling GazeVP of Investor Relations and Corporate CommunicationsTel: +1 605-679-7429Email: info@ 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. Forward-looking statements can be identified by words such as "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and other similar expressions. 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, those regarding the timing for the updated Initial Assessment. 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, 2023, as updated by annual, quarterly and current reports that we file with the SEC, which are available at 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. To view the source version of this press release, please visit Sign in to access your portfolio
