$DC

Dakota Gold Corp.

CIK:0001852353|SEC Filings

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses
Exploration expenses	$ 6,505,315	$ 5,018,606	$ 13,022,804	$ 6,931,835
General and administrative expenses	2,728,929	1,855,220	5,197,007	3,756,088
Loss from operations	(9,234,244)	(6,873,826)	(18,219,811)	(10,687,923)
Other income (expenses)
Foreign exchange gain (loss)	35,712	(521)	20,152	(9,018)
Gain on sale of property and equipment			11,629
Interest income	869,539	414,797	1,397,083	497,875
Interest expense	(9,711)		(9,711)
Total other income	895,540	414,276	1,419,153	488,857
Loss before income taxes	(8,338,704)	(6,459,550)	(16,800,658)	(10,199,066)
Income tax expense	(11,104)	(6,458)	(11,591)	(12,485)
Net loss	(8,349,808)	(6,466,008)	(16,812,249)	(10,211,551)
Comprehensive loss	$ (8,349,808)	$ (6,466,008)	$ (16,812,249)	$ (10,211,551)
Basic loss per share (in dollars per share)	$ (0.06)	$ (0.06)	$ (0.13)	$ (0.1)
Diluted loss per share (in dollars per share)	$ (0.06)	$ (0.06)	$ (0.13)	$ (0.1)
Weighted average number of basic shares of common stock outstanding (in shares)	133,847,641	112,038,980	128,841,369	104,843,650
Weighted average number of diluted shares of common stock outstanding (in shares)	133,847,641	112,038,980	128,841,369	104,843,650

Condensed Consolidated Interim Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net loss	$ (16,812,249)	$ (10,211,551)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	100,778	95,171
Gain on sale of property and equipment	(11,629)
Stock-based compensation expense	1,539,939	1,364,633
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(313,892)	(69,156)
Accounts payable and accrued liabilities	(9,405)	235,387
Net cash used in operating activities	(15,506,458)	(8,585,516)
Investing activities
Purchases and advances for property and equipment	(708,933)
Proceeds from the sale of property and equipment	13,000
Purchases of mineral rights and properties	(750,030)	(20,000)
Net cash used in investing activities	(1,445,963)	(20,000)
Financing activities
Proceeds from exercise of stock options	748,293	96,000
Proceeds from exercise of warrants	10,898,838	1,856,608
Payments of income taxes on performance stock units ("PSUs"), restricted stock units ("RSUs") and shares issued for compensation	(283,573)	(785,458)
Principal repayment on finance lease liability	(493)
Net cash provided by financing activities	86,562,011	41,168,261
Net change in cash and cash equivalents	69,609,590	32,562,745
Cash and cash equivalents, beginning of period	29,686,451	9,408,270
Cash and cash equivalents, end of period	99,296,041	41,971,015
Non-cash investing and financing activities and supplemental cash flow information
Amortization and expiration of deferred ATM Program costs offset against additional paid-in capital	(25,727)	(37,293)
Addition of right-of-use asset classified as finance lease in exchange for lease liability	988,422
Interest paid on finance lease liability	9,507
Common stock issued for accrued bonuses		113,958
ATM Program
Financing activities
Proceeds from sale of common stock, net of issuance costs	3,487,919	7,316,230
Public offering
Financing activities
Proceeds from sale of common stock, net of issuance costs	$ 71,711,027	$ 32,684,881

Condensed Consolidated Interim Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 99,296,041	$ 29,686,451
Prepaid expenses and other current assets	981,222	667,330
Total current assets	100,277,263	30,353,781
Non-current assets
Mineral rights and properties	83,390,889	82,898,617
Property and equipment, net	3,069,943	2,149,961
Other assets	1,100,297	455,591
Total assets	187,838,392	115,857,950
Current liabilities
Accounts payable and accrued liabilities	2,881,761	2,873,987
Finance lease liabilities - current	6,303
Operating lease liabilities - current	105,495	124,785
Total current liabilities	2,993,559	2,998,772
Non-current liabilities
Finance lease liabilities	981,626
Operating lease liabilities	26,747	80,881
Other non-current liability		257,758
Total liabilities	4,001,932	3,337,411
Commitments and contingencies (Note 9)
Stockholders' equity
Common stock, par value $0.001; 300,000,000 authorized, 134,069,582 and 114,068,842 shares outstanding, respectively	134,069	114,067
Additional paid-in capital	306,602,651	218,494,483
Accumulated deficit	(122,900,260)	(106,088,011)
Total stockholders' equity	183,836,460	112,520,539
Total liabilities and stockholders' equity	$ 187,838,392	$ 115,857,950