Dakota Gold Corp.

Listed Company

DCCIK 0001852353NYSENon-AcceleratedSmaller ReportingEmerging GrowthMetal MiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-29.54M

Total Assets

$115.86M

Equity

$112.52M

Shares Out

133.52M

Op. Cash Flow

$-25.45M

Business

Dakota Gold Corp. focuses on acquisition, exploration and development of mineral properties in the United States, with an emphasis on advancing projects within the Homestake District. The company conducts exploration and evaluation activities targeting gold and silver mineralization and manages project-level work including drilling, resource assessment and permitting. Dakota Gold operates in a single business segment of mineral exploration and evaluation. Its properties include 11 holdings comprising over 49,000 acres in the Homestake District of South Dakota, and it conducts activities through property ownership, option agreements and strategic partnerships.

Summary from filing dated 2025-03-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Exploration expenses	21	24	—	—	—
General and administrative expenses	10	11	10	24	2
Loss from operations	−31	−34	−38	−31	−2
Foreign exchange loss	−23,502	−32,447	−44,304	11,243	79,001
Interest expense	—	−137,483	—	—	—
Interest income	1	609,801	414,168	24,582	32,443
Total other income	1	439,871	—	—	—
Loss before income taxes	−30	−34	−38	−31	25
Income tax benefit	62,999	7,835	1	—	—
Net loss	−30	−34	—	−13	26
Comprehensive loss	−30	−34	—	—	—
Basic loss per share	−0.27	−0.37	−0.47	—	—
Diluted loss per share	−0.27	−0.37	−0.47	−0.35	1.12
Weighted average number of basic shares of common stock outstanding	109	91	78	—	—
Weighted average number of diluted shares of common stock outstanding	109	91	78	36	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-09-30	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	30	9	—	26	24
Prepaid expenses and other current assets	667,330	523,894	—	676,020	726,269
Total current assets	30	10	—	26	25
Mineral rights and properties	83	83	83	79	79
Property and equipment, net	2	2	—	—	—
Other assets	455,591	460,380	—	371,864	380,651
Total assets	116	95	—	108	105
Accounts payable and accrued liabilities	3	3	—	4	3
Lease liabilities - current	124,785	129,419	—	135,097	0
Total current liabilities	3	3	—	4	3
Lease liabilities	80,881	197,527	—	94,515	0
Other non-current liability	257,758	257,758	—	—	—
Total liabilities	3	3	—	5	4
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, par value $0.001; 300,000,000 authorized, 114,068,842 and 95,570,483 shares outstanding, respectively	114,067	95,570	—	86,740	73,341
Additional paid-in capital	218	169	—	146	107
Accumulated deficit	−106	−77	—	−43	−6
Total stockholders' equity	113	92	—	104	—
Total liabilities and stockholders' equity	116	95	—	108	105

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Net loss	−30	−34	—	—	—
Depreciation expense	198,764	254,978	300,000	134,004	17,306
Stock-based compensation expense	3	4	4	20	121,385
Deferred income tax benefit	—	−85,332	−1	—	—
Prepaid expenses and other current assets	−143,436	152,126	50,249	8,208	−357,177
Accounts payable and accrued liabilities	584,609	−2	—	—	—
Other assets	—	−103,100	−98,574	—	—
Net cash used in operating activities	−25	−31	−31	−10	−2
Purchases of property and equipment	−196,445	−143,387	−1	−492,272	−879,249
Purchases of mineral rights and properties	−185,353	−430,197	—	—	—
Net cash used in investing activities	−381,798	−573,584	−2	−9	−5
Proceeds from exercise of stock options	230,880	158,400	72,000	—	—
Proceeds from exercise of warrants	4	208	18,757	—	—
Payments of income taxes on PSUs, restricted stock units RSUs and shares issued for compensation	−821,642	—	—	—	—
Proceeds from sale of royalty interest	—	182,758	0	—	—
Net cash provided by financing activities	46	16	35	49	18
Net change in cash and cash equivalents	20	−16	—	—	—
Amortization and expiration of deferred ATM offering costs offset against additional paid-in capital	−261,055	−253,604	—	—	—
Common stock issued for accrued bonuses, net of withholding taxes paid	113,959	—	—	—	—
Common stock issued for purchase of mineral rights and properties	—	3	0	10	1
Income taxes paid	−62,999	−85,332	—	—	—

Filings

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