DC · 10-K filed 25 Mar 2026 · year to 31 Dec 2025

Dakota Gold

18 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Partners and platforms

ATM Program (BMO Capital Markets, Canaccord Genuity, H.C. Wainwright)

depends on · up to $50 million

Under the ATM Program, the Company may offer and sell shares of its common stock having an aggregate offering price of up to $50 million, from time to time through any of the Sales Agents, acting as agent.Business (Item 1)

Also named by BMNR

Barrick Gold

depends on · annual payment of $510,000

On February 6, 2025, the Company announced that Barrick Gold agreed to extend the option period for both the Richmond Hill option and the Homestake option agreements until December 31, 2028, in return for additional annual cash payments of $170,000 and $340,000, respectively, combined as an annual payment of $510,000 on each of March 1, 2026 (paid), March 1, 2027 and March 1, 2028.Business (Item 1)

Orion

depends on · $6 million with the potential to increase to $9 million

On June 26, 2024, the Company announced an additional investment by Orion of $6 million with the potential to increase to $9 million subject to future market conditions (the “2024 Orion Equity Investment”).Business (Item 1)

NYSE American

named as a risk

Our common stock is currently listed on the NYSE American LLC (“NYSE American”).Risk factors (Item 1A)

Also named by BMNR

Places

Homestake District, South Dakota

concentrated in · 2,147 unpatented claims and a combination of surface leases and/or ownership covering a total of over 49,500 acres

The Company maintains 100% ownership of mineral properties in the Homestake District comprised of 2,147 unpatented claims and a combination of surface leases and/or ownership covering a total of over 49,500 acres located in the Homestake Mining District of South Dakota, including Maitland, the Barrick Option, Richmond Hill and other properties, all of which are located in the heart of the Homestake District.Business (Item 1)

Black Hills Property

operates innamed as a risk

Our potential revenue and profitability based upon our exploitation and development of the Black Hills Property may be contingent upon our gaining additional access to the properties through ingress and egress routes that are owned by private landowners.Risk factors (Item 1A)

Hazards

Severe weather and seismic events

operates innamed as a risk

Earthquakes, heavy rains, snowstorms, hailstorms, windstorms, tornadoes, wildfires and floods could result in serious damage to or the destruction of facilities, equipment or means of access to our property, or may otherwise prevent us from conducting exploration activities on our property.Risk factors (Item 1A)

Commodities and inputs

Gold

exposed to its pricenamed as a risk

The value of our assets, our ability to raise capital and any future economic returns are substantially dependent on the prices of gold and silver.Risk factors (Item 1A)

Also named by AMKR, APH, BLK, CDE, EZPW, FCFS, FCX, HL and 10 more

Silver

exposed to its pricenamed as a risk

The value of our assets, our ability to raise capital and any future economic returns are substantially dependent on the prices of gold and silver.Risk factors (Item 1A)

Also named by CDE, EZPW, HL, LECO, LFUS, LULU, NEM, RGLD and 2 more

Regulators

South Dakota Department of Agriculture and Natural Resources (DANR)

subject to · maximum new disturbance of 320 acres for each mining permitnamed as a risk

In South Dakota, each new mine permit is limited to a maximum new disturbance of 320 acres for each mining permit.Risk factors (Item 1A)

Bureau of Land Management (BLM)

subject tonamed as a risk

For example, exploration drilling on unpatented mineral claims requires a permit to be obtained from the United States BLM, which may take several months or longer to grant the requested permit.Risk factors (Item 1A)

Also named by AESI, BTU, CHRD, CRC, CRGY, DMLP, DVN, EOG and 7 more

Laws and programs

Richmond Hill Permit No. 445

subject to · 260 acresnamed as a risk

Richmond Hill Permit No. 445 currently authorizes disturbance of 260 acres at Richmond Hill.Risk factors (Item 1A)

CERCLA

subject tonamed as a risk

CERCLA imposes clean-up liability and natural resource damages on certain classes of parties, including current or former owners and operators.Business (Item 1)

Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more

Endangered Species Act

subject tonamed as a risk

Compliance with the ESA can cause delays in project implementation and can increase costs of development.Business (Item 1)

Also named by CHRD, CNX, CRGY, CTVA, FANG, KGS, LB, NEE and 4 more

Clean Water Act

subject tonamed as a risk

The Federal Clean Water Act and implementing state statutes are the principal environmental protection laws regulating mining operations in the United States as it pertains to water quality.Business (Item 1)

Also named by CLH, CNX, CTAS, ELS, EQT, HL, STLD, WTTR and 2 more

National Environmental Policy Act (NEPA)

subject tonamed as a risk

The NEPA process can cause delays in project development and can impact the feasibility of a project.Business (Item 1)

Also named by CCI, CRC

General Mining Law of 1872

subject tonamed as a risk

Some of our properties are unpatented mining claims created and maintained in accordance with the federal General Mining Law of 1872.Risk factors (Item 1A)

South Dakota surface rights law

subject tonamed as a risk

South Dakota law provides a process for holders of mineral rights to explore and develop their mineral rights without ownership of surface rights, but the mineral right holder must negotiate access and compensation.Risk factors (Item 1A)