Dakota Gold Corp. 8-K

What Happened Dakota Gold Corp. announced it entered into an underwriting agreement on February 9, 2026 with BMO Capital Markets Corp. and Scotia Capital Inc., and closed a public offering on February 11, 2026. The Company sold 12,336,000 shares of common stock at $6.08 per share and granted the underwriters a 30‑day option to purchase an additional 1,850,400 shares. The offering was made under the Company’s shelf registration (Form S-3) and a prospectus supplement dated February 9, 2026.

Key Details

• Shares sold: 12,336,000 common shares at $6.08 per share (gross proceeds ≈ $75.00M).
• Estimated net proceeds: approximately $70.55 million after underwriting discounts, commissions and offering expenses.
• Underwriter option: up to 1,850,400 additional shares exercisable within 30 days.
• Use of proceeds: working capital and other general corporate purposes.

Why It Matters The offering provides Dakota Gold with fresh capital to support operations and corporate needs, improving near-term liquidity. However, issuing 12.3 million new shares (and potentially more if the option is exercised) increases the number of shares outstanding and can dilute existing shareholders. Investors should note the net cash benefit (~$70.6M) and the potential for additional dilution if underwriters exercise their option.