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Dakota Gold Corp.

Dakota Gold Corp. was incorporated as JR Resources Corp. (“JR”) on November 15, 2017 under the Business Corporations Act (British Columbia, Canada).⁴ From its latest annual report

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Last updated Oct 19, 2026.

Overview

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TickerDC on NYSE²
IndustryMetal Mining²
HeadquartersReno, United States²
Incorporated inDE³
Business address106 Glendale Drive, Suite A, Lead, Sd 57754³
Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company³
Legal formProfit Corporation²
LEI549300XIS1CNFUXUAU81²
StatusActive²
LEI statusLapsed (not renewed)²
Registered addressC/O Laughlin Associates, Inc., 89521 Reno, United States²

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Dakota Gold Corp. was incorporated as JR Resources Corp. (“JR”) on November 15, 2017 under the Business Corporations Act (British Columbia, Canada). The Company focuses its business efforts on the acquisition, exploration, and development of mineral properties in the United States of America (“U.S.”). On May 22, 2020, the Company completed the domestication process and changed its registration from the Province of British Columbia, Canada to the State of Nevada, including a name change to “Dakota Gold Corp.” On March 31, 2022, the Company completed a merger with Dakota Territory Resource Corp., a Nevada corporation (“Dakota Territory” or “DTRC”). On May 14, 2024, following the receipt of approval by its shareholders, the Company changed its state of incorporation from the State of Nevada to the State of Delaware. The Company currently operates in one segment, mineral exploration and eval…⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income⁵⁶⁷-$30.8M in 2025+1370% since 2021

Net income⁵⁶⁷-$29.5M in 2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31
Exploration expenses	$21.0M	$23.7M
General and administrative expenses	$9.8M	$10.6M
Loss from operations	-$30.8M	-$34.3M
Foreign exchange loss	-$23.5K	-$32.4K
Interest expense		-$137.5K
Interest income	$1.2M	$609.8K
Total other income	$1.2M	$439.9K
Loss before income taxes	-$29.6M	-$33.9M
Income tax benefit	$63.0K	$7.8K
Net loss	-$29.5M	-$33.9M
Comprehensive loss	-$29.5M	-$33.9M
Basic loss per share	-$0.27	-$0.37
Diluted loss per share	-$0.27	-$0.37
Weighted average number of basic shares of common stock outstanding	108.9M shares	90.9M shares
Weighted average number of diluted shares of common stock outstanding	108.9M shares	90.9M shares

Total assets⁵¹⁰⁶⁷$115.9M in 2025+64% since 2021

Total liabilities⁵¹⁰⁶⁷$3.3M in 2025−71% since 2021

Shareholders’ equity⁵⁶⁷$112.5M in 2025+14673% since 2020

Cash⁵¹⁰⁶⁷$29.7M in 2025+20840% since 2020

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$29.7M	$9.4M
Prepaid expenses and other current assets	$667.3K	$523.9K
Total current assets	$30.4M	$9.9M
Mineral rights and properties	$82.9M	$82.7M
Property and equipment, net	$2.1M	$2.2M
Other assets	$455.6K	$460.4K
Total assets	$115.9M	$95.4M
Accounts payable and accrued liabilities	$2.9M	$2.6M
Lease liabilities - current	$124.8K	$129.4K
Total current liabilities	$3.0M	$2.7M
Lease liabilities	$80.9K	$197.5K
Other non-current liability	$257.8K	$257.8K
Total liabilities	$3.3M	$3.2M
Common stock, par value $0.001; 300,000,000 authorized, 114,068,842 and 95,570,483 shares outstanding, respectively	$114.1K	$95.6K
Additional paid-in capital	$218.5M	$168.6M
Accumulated deficit	-$106.1M	-$76.5M
Total stockholders' equity	$112.5M	$92.2M	$103.5M
Total liabilities and stockholders' equity	$115.9M	$95.4M
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	300.0M shares	300.0M shares
Common Stock, shares, issued (in shares)	114.1M shares	95.6M shares
Common Stock, shares, outstanding (in shares)	114.1M shares	95.6M shares

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$29.7M	$9.4M
Prepaid expenses and other current assets	$667.3K	$523.9K
Total current assets	$30.4M	$9.9M
Mineral rights and properties	$82.9M	$82.7M
Property and equipment, net	$2.1M	$2.2M
Other assets	$455.6K	$460.4K
Total assets	$115.9M	$95.4M
Accounts payable and accrued liabilities	$2.9M	$2.6M
Lease liabilities - current	$124.8K	$129.4K
Total current liabilities	$3.0M	$2.7M
Lease liabilities	$80.9K	$197.5K
Other non-current liability	$257.8K	$257.8K
Total liabilities	$3.3M	$3.2M
Common stock, par value $0.001; 300,000,000 authorized, 114,068,842 and 95,570,483 shares outstanding, respectively	$114.1K	$95.6K
Additional paid-in capital	$218.5M	$168.6M
Accumulated deficit	-$106.1M	-$76.5M
Total stockholders' equity	$112.5M	$92.2M	$103.5M
Total liabilities and stockholders' equity	$115.9M	$95.4M
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	300.0M shares	300.0M shares
Common Stock, shares, issued (in shares)	114.1M shares	95.6M shares
Common Stock, shares, outstanding (in shares)	114.1M shares	95.6M shares

Cash from operations⁵⁶⁷-$25.4M in 2025+1074% since 2021

Capital spending⁵⁶⁷$196.4K in 2025−78% since 2021

Free cash flow⁵⁶⁷-$25.6M in 2025+742% since 2021

Dividends paid⁵$0 in 2022

Every line of the cash flow as filed: the last 2 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31
Net loss	-$29.5M	-$33.9M
Depreciation expense	$198.8K	$255.0K
Stock-based compensation expense	$3.5M	$3.8M
Interest expense		$137.5K
Deferred income tax benefit		-$85.3K
Prepaid expenses and other current assets	-$143.4K	$152.1K
Accounts payable and accrued liabilities	$584.6K	-$1.7M
Other assets		-$103.1K
Net cash used in operating activities	-$25.4M	-$31.5M
Purchases of property and equipment	-$196.4K	-$143.4K
Purchases of mineral rights and properties	-$185.4K	-$430.2K
Net cash used in investing activities	-$381.8K	-$573.6K
Proceeds from exercise of stock options	$230.9K	$158.4K
Proceeds from exercise of warrants	$4.2M	$208
Payments of income taxes on PSUs, restricted stock units RSUs and shares issued for compensation	-$821.6K
Proceeds from sale of royalty interest		$182.8K
Net cash provided by financing activities	$46.1M	$15.9M
Net change in cash and cash equivalents	$20.3M	-$16.1M
Amortization and expiration of deferred ATM offering costs offset against additional paid-in capital	-$261.1K	-$253.6K
Common stock issued for accrued bonuses, net of withholding taxes paid	$114.0K
Common stock issued for purchase of mineral rights and properties		$3.0M
Income taxes paid	-$63.0K	-$85.3K

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Leadership

Who has led Dakota Gold Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Shawn Campbell2022–now

Chief operating officer

2025

Chief executive officerJohn William Henris Jun 12, 2025 to now¹¹
Chief executive officerRobert Quartermain Nov 6, 2024 to Jun 12, 2025¹²
Chief executive officerJonathan T. Awde Apr 4, 2022 to Oct 30, 2024¹³
PresidentJohn William Henris Jun 12, 2025 to now¹¹
PresidentRobert Quartermain Nov 6, 2024 to Jun 12, 2025¹²
PresidentJonathan T. Awde Apr 4, 2022 to Oct 30, 2024¹³
Chief financial officerShawn Campbell Apr 4, 2022 to now¹⁴
Chief operating officerJohn William Henris Apr 3, 2026 to now¹⁵
Chief operating officerGerald Michael Aberle Apr 4, 2022 to Apr 3, 2026¹⁶

Board members and other officers (16)

CHIEF DEVELOPMENT OFFICERShawn Campbell Sep 11, 2026 to now¹⁷
Chief Sustainability OfficerPatrick Shay Malone Nov 21, 2022 to Jul 15, 2024¹⁸
Board memberBrian Iverson Mar 2, 2026 to now¹⁹
Board memberJohn William Henris Aug 20, 2026 to now²⁰
Board memberKevin Puil Jun 10, 2025 to now²¹
Board memberTodd J. Kenner Jun 12, 2025 to now²²
Board memberAlex G. Morrison Apr 4, 2022 to Apr 4, 2022²³
Board memberAmy Koenig Apr 4, 2022 to Mar 5, 2025²⁴
Board memberGerald Michael Aberle Apr 4, 2022 to Nov 22, 2024¹⁶
Board memberJennifer S. Grafton Apr 4, 2022 to now²⁵
Board memberJonathan T. Awde Apr 4, 2022 to Oct 30, 2024¹³
Board memberRobert Quartermain Apr 4, 2022 to now²⁶
Board memberStephen T. O'Rourke Apr 4, 2022 to now²⁷
Board memberAlice D. Schroeder Aug 23, 2022 to now²⁸
General counselPatrick Shay Malone Mar 5, 2025 to Mar 5, 2025²⁹
General counselAmy Koenig Jun 3, 2025 to now³⁰

Former names

JR Resources Corp.Mar 24, 2021 to Mar 28, 2022³

Timeline

Jun 12, 2025New chief executive John William Henris becomes CEO¹¹
Nov 6, 2024New chief executive Robert Quartermain becomes CEO¹²
Apr 4, 2022New chief executive Jonathan T. Awde becomes CEO¹³

Filings

318 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 34 major events, 158 insider forms, 15 large holders, 93 other. The latest 20:

The 318 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

61 open-market trades by officers, directors and large owners since October 2021: 38 buys and 23 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 9, 2026	CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICER	Sale	1,906	$6.03	$11.5K	Form 4
Aug 10, 2026	Grafton Jennifer SDirector	Sale	100,000	$6.12	$612.0K	Form 4
May 28, 2026	KENNER TODD JDirector	Buy	17,921	$5.60	$100.4K	Form 4
May 18, 2026	Grafton Jennifer SDirector	Sale	15,511	$5.56	$86.2K	Form 4
Apr 15, 2026	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Sale	13,448	$5.61	$75.4K	Form 4
Feb 27, 2026	Berry James McCoyVICE PRESIDENT OF EXPLORATION	Sale	12,388	$7.02	$87.0K	Form 4
Feb 27, 2026	CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICER	Sale	21,207	$7.02	$148.9K	Form 4
Jan 23, 2026	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Sale	250,000	$6.88	$1.7M	Form 4
Jan 21, 2026	CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICER	Sale	55,000	$6.30	$346.5K	Form 4
Oct 20, 2025	O'Rourke Stephen T.Director	Sale	50,000	$4.66	$233.0K	Form 4
Oct 17, 2025	O'Rourke Stephen T.Director	Sale	50,000	$4.77	$238.5K	Form 4
Oct 16, 2025	O'Rourke Stephen T.Director	Sale	50,000	$5.34	$267.0K	Form 4
Sep 8, 2025	CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICER	Buy	11,261			Form 4
Apr 4, 2025	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	15,000	$2.50	$37.5K	Form 4
Apr 3, 2025	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	25,000	$2.61	$65.2K	Form 4
Apr 2, 2025	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	25,000	$2.62	$65.5K	Form 4
Nov 21, 2024	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	20,000	$2.21	$44.2K	Form 4
Nov 20, 2024	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	20,000	$2.21	$44.2K	Form 4
Nov 20, 2024	ABERLE GERALD MICHAELCHIEF OPERATING OFFICER	Buy	4,490	$2.17	$9.7K	Form 4
Nov 19, 2024	QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICER	Buy	35,000	$2.17	$75.8K	Form 4

All 61 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

State Street CorporationSCHEDULE 13G, 1 filing Aug 7, 2026³¹
BlackRockSCHEDULE 13G, 3 filings Oct 17, 2025 to Jul 28, 2026³²
ORION RESOURCE PARTNERS (USA) LPSCHEDULE 13G/A, 4 filings Feb 14, 2024 to Feb 17, 2026³³
Robert QuartermainSCHEDULE 13G/A, 3 filings Feb 13, 2024 to Feb 12, 2026³⁴
Gerald Michael AberleSCHEDULE 13G, 1 filing Feb 13, 2025³⁵
Jonathan T. AwdeSC 13G, 1 filing Feb 13, 2024³⁶
Fourth Sail Capital LPSC 13G/A, 2 filings Nov 13, 2023 to Feb 9, 2024³⁷

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	8,755,572	$37.3M	0.0%	+2,425,107
State Street Corp	7,389,650	$31.5M	0.0%	+1,065,859
Vanguard Capital Management LLC	4,877,707	$20.8M	0.0%	+234,606
Orion Resource Partners LP	4,181,766	$17.8M	8.1%	No change
Franklin Resources Inc	4,079,295	$17.4M	0.0%	+43,776
Van Eck Associates Corp	3,711,362	$15.8M	0.0%	−35,008
Geode Capital Management, LLC	2,829,308	$12.1M	0.0%	+627,953
Amundi	2,225,000	$9.5M	0.0%	+75,000
Nokomis Capital, L.L.C.	1,622,729	$6.9M	2.5%	−382,698
Groupe la Francaise	1,400,000	$6.0M	0.1%	No change
Trek Financial, LLC	1,352,953	$5.8M	0.3%	+69,057
Sprott Inc.	1,276,713	$5.4M	0.2%	+43,797
Dimensional Fund Advisors LP	1,186,371	$5.1M	0.0%	+213,867
Algert Global LLC	1,137,899	$4.8M	0.1%	+615,058
Donald Smith & Co., Inc.	1,080,000	$4.6M	0.1%	No change
Ci Investments Inc.	1,011,683	$4.3M	0.0%	−111,000
Northern Trust Corp	995,709	$4.2M	0.0%	+296,349
Vanguard Portfolio Management LLC	963,297	$4.1M	0.0%	+279,997
Susquehanna International Group, Llp	788,485	$3.4M	0.0%	+152,651
Vanguard Fiduciary Trust Co	769,095	$3.3M	0.0%	+62,278
Marshall Wace, Llp	733,343	$3.1M	0.0%	+297,977
Connor, Clark & Lunn Investment Management Ltd.	662,173	$2.8M	0.0%	−99,196
Royal Bank Of Canada	592,685	$2.5M	0.0%	+18,580
Goldman Sachs Group Inc	517,160	$2.2M	0.0%	−12,119
Jump Financial, LLC	508,330	$2.2M	0.0%	+396,884

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARDakota Gold Corp. filings on SEC EDGAR
2
GLEIFDakota Gold Corp. LEI record (549300XIS1CNFUXUAU81)
3
SEC EDGARDakota Gold Corp. filings on SEC EDGAR
4
SEC EDGARDakota Gold Corp. annual report, Item 1 (Business)
5
SEC EDGARDakota Gold Corp. 10-K for fiscal 2021
6
SEC EDGARDakota Gold Corp. 10-K for fiscal 2023
7
SEC EDGARDakota Gold Corp. 10-K for fiscal 2024
8
SEC EDGARDakota Gold Corp. 10-Q for fiscal 2026
9
SEC EDGARDakota Gold Corp. 10-Q for fiscal 2026
10
SEC EDGARDakota Gold Corp. 10-K for fiscal 2022
11
SEC EDGARJohn William Henris, Chief executive officer
12
SEC EDGARRobert Quartermain, Chief executive officer
13
SEC EDGARJonathan T. Awde, Chief executive officer
14
SEC EDGARShawn Campbell, Chief financial officer
15
SEC EDGARJohn William Henris, Chief operating officer
16
SEC EDGARGerald Michael Aberle, Chief operating officer
17
SEC EDGARShawn Campbell, CHIEF DEVELOPMENT OFFICER
18
SEC EDGARPatrick Shay Malone, Chief Sustainability Officer
19
SEC EDGARBrian Iverson, Board member
20
SEC EDGARJohn William Henris, Board member
21
SEC EDGARKevin Puil, Board member
22
SEC EDGARTodd J. Kenner, Board member
23
SEC EDGARAlex G. Morrison, Board member
24
SEC EDGARAmy Koenig, Board member
25
SEC EDGARJennifer S. Grafton, Board member
26
SEC EDGARRobert Quartermain, Board member
27
SEC EDGARStephen T. O'Rourke, Board member
28
SEC EDGARAlice D. Schroeder, Board member
29
SEC EDGARPatrick Shay Malone, General counsel
30
SEC EDGARAmy Koenig, General counsel
31
SEC EDGARState Street Corporation SCHEDULE 13G on Dakota Gold Corp.
32
SEC EDGARBlackRock SCHEDULE 13G on Dakota Gold Corp.
33
SEC EDGARORION RESOURCE PARTNERS (USA) LP SCHEDULE 13G/A on Dakota Gold Corp.
34
SEC EDGARRobert Quartermain SCHEDULE 13G/A on Dakota Gold Corp.
35
SEC EDGARGerald Michael Aberle SCHEDULE 13G on Dakota Gold Corp.
36
SEC EDGARJonathan T. Awde SC 13G on Dakota Gold Corp.
37
SEC EDGARFourth Sail Capital LP SC 13G/A on Dakota Gold Corp.