10-K Filing

DAKOTA GOLD CORP. CIK: 1852353 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001062993-24-007319`
Period End Date	20231231
Filing Date	20240328
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	form10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 28 Cash Flow Statement 48 Stockholders Equity 26

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	86.74M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.55M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	73.34M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$726.27K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	73.34M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	86.74M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$676.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.64M	USD	Point-in-time
Mineral rights and properties	`MineralPropertiesNet`	$78.74M	USD	Point-in-time
Mineral rights and properties	`MineralPropertiesNet`	$78.74M	USD	Point-in-time
Mineral rights and properties	`MineralPropertiesNet`	$79.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$371.86K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$380.65K	USD	Point-in-time
Total assets	`Assets`	$108.20M	USD	Point-in-time
Total assets	`Assets`	$105.02M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.35M	USD	Point-in-time
Lease liabilities - current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$135.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.51M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$94.52K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$1.33M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$85.33K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.85M	USD	Point-in-time
Common stock, par value $0.001; 300,000,000 authorized, 86,740,272 and 73,341,001 shares outstanding, respectively	`CommonStockValue`	$86.74K	USD	Point-in-time
Common stock, par value $0.001; 300,000,000 authorized, 86,740,272 and 73,341,001 shares outstanding, respectively	`CommonStockValue`	$73.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$107.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$146.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$101.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$103.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$113.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$105.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$108.20M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Exploration expenses	`ExplorationCosts`	$28.35M	USD	Annual
Exploration expenses	`ExplorationCosts`	$13.75M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.69M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.93M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-38.04M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-21.68M	USD	3 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-87.07K	USD	3 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-44.30K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$414.17K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$159.62K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$72.55K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$369.86K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.61M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-37.67M	USD	Annual
Income tax (expense) - current	`CurrentIncomeTaxExpenseBenefit`	$55.75K	USD	3 Qtrs
Income tax (expense) - current	`CurrentIncomeTaxExpenseBenefit`	$29.46K	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.25M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-2.38M	USD	3 Qtrs
Net loss and comprehensive loss	`ProfitLoss`	$-19.28M	USD	3 Qtrs
Net loss and comprehensive loss	`ProfitLoss`	$-36.45M	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-0.47	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-0.27	USD	3 Qtrs
Diluted loss per share	`EarningsPerShareDiluted`	$-0.47	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-0.27	USD	3 Qtrs
Weighted average number of basic shares of common stock outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	78.25M	shares	Annual
Weighted average number of basic shares of common stock outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	72.09M	shares	3 Qtrs
Weighted average number of diluted shares of common stock outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.09M	shares	3 Qtrs
Weighted average number of diluted shares of common stock outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.25M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-19.28M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-36.45M	USD	Annual
Depreciation expense	`Depreciation`	$159.42K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$302.08K	USD	Annual
Stock-based compensation expense	`EmployeeBenefitsAndShareBasedCompensation`	$3.46M	USD	3 Qtrs
Stock-based compensation expense	`EmployeeBenefitsAndShareBasedCompensation`	$4.32M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.25M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-2.38M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-50.25K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$254.77K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-122.29K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.82M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.42M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.20M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.05M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.20K	USD	3 Qtrs
Purchases of mineral properties	`PaymentsToAcquireMineralRights`	$607.02K	USD	Annual
Purchases of mineral properties	`PaymentsToAcquireMineralRights`	$1.10M	USD	3 Qtrs
Security deposits paid	`PaymentsForOtherDeposits`	$98.57K	USD	Annual
Security deposits paid	`PaymentsForOtherDeposits`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.76M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.30M	USD	3 Qtrs
Net proceeds from sale of common stock on at-the market ("ATM") program	`ProceedsFromSaleOfCommonStockOnAtMarketProgram`	$17.95M	USD	Annual
Net proceeds from sale of common stock on at-the market ("ATM") program	`ProceedsFromSaleOfCommonStockOnAtMarketProgram`	$2.76M	USD	3 Qtrs
Net proceeds from Orion Equity Investment	`ProceedsFromOrionEquityInvestment`	$16.82M	USD	Annual
Net proceeds from Orion Equity Investment	`ProceedsFromOrionEquityInvestment`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$12.00K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$18.76K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$7.50K	USD	3 Qtrs
Withholding of employee tax payments on restricted stock units	`WithholdingOfEmployeeTaxPaymentsOnRestrictedStockUnits`	$558.00K	USD	3 Qtrs
Withholding of employee tax payments on restricted stock units	`WithholdingOfEmployeeTaxPaymentsOnRestrictedStockUnits`	$263.21K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.59M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.22M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-17.49M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.64M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.55M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.40M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.55M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.91M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.40M	USD	Point-in-time
Common stock issued for purchase of mineral properties	`StockIssued1`	$675.00K	USD	3 Qtrs
Common stock issued for purchase of mineral properties	`StockIssued1`	-	USD	Annual
Deferred ATM offering costs offset against additional paid-in capital	`DeferredAtmOfferingCostsOffsetAgainstAdditionalPaidInCapital`	$176.25K	USD	Annual
Deferred ATM offering costs offset against additional paid-in capital	`DeferredAtmOfferingCostsOffsetAgainstAdditionalPaidInCapital`	$78.09K	USD	3 Qtrs
Accrual of ATM issuance costs	`AccrualOfAtmIssuanceCosts`	-	USD	Annual
Accrual of ATM issuance costs	`AccrualOfAtmIssuanceCosts`	$100.00K	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$101.18M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$103.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$113.83M	USD	Point-in-time
Beginning Balance (Shares)	`CommonStockSharesOutstanding`	73.34M	shares	Point-in-time
Beginning Balance (Shares)	`CommonStockSharesOutstanding`	86.74M	shares	Point-in-time
Common stock issued for ATM program, net of amortized issuance costs	`StockIssuedDuringPeriodValueCommonStockIssuedForAmortizedIssuanceCosts`	$16.82M	USD	Annual
Common stock issued for ATM program, net of amortized issuance costs	`StockIssuedDuringPeriodValueCommonStockIssuedForAmortizedIssuanceCosts`	$3.02M	USD	3 Qtrs
Common stock issued for Orion Equity Investment, net of issuance costs	`StockIssuedDuringPeriodValueCommonStockIssuedForOrionEquityInvestmentNetOfIssuanceCosts`	$17.84M	USD	Annual
Common stock issued for exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$72.00K	USD	Annual
Common stock issued for exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$12.00K	USD	3 Qtrs
Common stock issued for exercise of options (Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	37,500.00	shares	3 Qtrs
Common stock issued for exercise of options (Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	68,750.00	shares	Annual
Common stock issued for exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$18.76K	USD	Annual
Common stock issued for exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$7.50K	USD	3 Qtrs
DTRC common stock issued for purchase of mineral property	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$675.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.46M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.32M	USD	Annual
Payment of income taxes remitted on RSUs and PSUs	`StockIssuedDuringPeriodValueForPaymentOfIncomeTaxesRemittedOnRsusAndPsus`	$-263.21K	USD	Annual
Withholding of employee tax payment on RSUs	`WithholdingOfEmployeeTaxPaymentOnRsu`	$558.00K	USD	3 Qtrs
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-19.28M	USD	3 Qtrs
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-36.45M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$101.18M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$103.54M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$113.83M	USD	Point-in-time
Ending Balance (Shares)	`CommonStockSharesOutstanding`	73.34M	shares	Point-in-time
Ending Balance (Shares)	`CommonStockSharesOutstanding`	86.74M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.