Dakota Gold (DC) Registration Filing summary

Company overview and business model

• Engaged in acquisition and exploration of mineral properties in the Homestake Gold District, South Dakota, with a strategy to advance projects from exploration to development and production as warranted by exploration results.

• Management and technical teams have significant experience in mining and exploration, particularly in the Homestake District.

• Incorporated in 2017, with several changes in jurisdiction and a merger completed in 2022; most recently reincorporated in Delaware in May 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, project development, exploration, and investments.

• Proceeds may be temporarily invested or used to repay short-term debt until allocated to stated purposes.

Risk factors and disclosures

• Faces risks such as lack of defined mineral reserves, limited operating history, potential for future losses, and uncertainties in exploration and development.

• Subject to regulatory, operational, environmental, and commodity price risks, as well as potential litigation and land reclamation requirements.

• Exposed to competition, market volatility, and challenges in attracting and retaining key personnel.

• Additional risks are detailed in incorporated filings, including the most recent Annual Report on Form 10-K.