WHY INVEST
District contained the Homestake Mine, a 40-million-ounce gold producer.
Over 145 years of continuous mining in the district.
A safe, low-cost jurisdiction.
+48-thousand-acre property position.
Leveraging Homestake’s $70 million exploration investment during the 1980-1990s.
Several targets to be drilled in the next 12 months.
Local leadership with Homestake Mine and district exploration experience.
Track record of finding district-scale projects.
Alignment through ~25% management ownership.
Strong cash balance.
Well capitalized to provide years of catalyst with no dilution.
Exclusive access to historical data from 145-years of exploration.
Potential to re-purpose existing disturbed mineral property.
Corporate Structure
| Capital Structure (Mar 31, 2024) | (in millions) |
|---|---|
| Shares Outstanding | 87.7 |
| Stock Options | 4.6 |
| Restricted Share Units | 1.7 |
| Performance Share Units | 0.7 |
| Warrants Outstanding | 7.6 |
| Fully Diluted | 102.3 |
| Cash* | $28.1 |
| * Cash as at Mar 31, 2024. Adjusted by $6m for the Orion financing announced on Jun 26, 2024 and $7m raised through a series of ATM transactions on Jun 27 through Jul 1, 2024. |
| Shareholder (Jul 3, 2024) | % Ownership* of Dakota Gold Corp. |
|---|---|
| Orion Mine Finance | 9.9% |
| Robert Quartermain | 8.4% |
| Jonathan Awde | 6.8% |
| Fourth Sail Capital | 5.3% |
| Gerald Aberle | 4.8% |
| Marin Katusa + KCR LLC | 4.1% |
| Van Eck Associates | 4.1% |
| BlackRock Fund | 3.7% |
| Vanguard Group | 3.2% |
| Fidelity Management | 2.7% |
| CI Investments | 2.6% |
| Barrick Gold Corporation | 2.5% |
| Geode Capital Management | 1.5% |
ANALYST COVERAGE
| Firm | Analyst | ||
|---|---|---|---|
| Canaccord Genuity | Peter Bell | moc.fgc@llebp | |
| Agentis Capital | Michael Gray | moc.latipacsitnega@yarg.leahcim | |
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