Dakota Gold Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 10, 2026, reporting a net loss of $25,227,204 for the nine months ended September 30, 2026 and disclosing significant equity financing activity during the period.

Key Highlights

  • Net loss for the nine months ended September 30, 2026: $25,227,204, compared to $20,704,388 for the same period in 2025, according to the filing.
  • Cash and cash equivalents rose to $92,152,858 at September 30, 2026, from $29,686,451 at December 31, 2025, the company disclosed.
  • Net cash provided by financing activities totaled $87,144,790 for the nine months ended September 30, 2026, driven primarily by a common stock offering net of issuance costs of $71,711,027.
  • Shares outstanding increased to 134,197,781 as of November 10, 2026, from 114,068,842 at December 31, 2025, the filing stated.
  • Exploration expenses for the nine months ended September 30, 2026 were $19,318,401, up from $14,620,406 in the comparable 2025 period.
  • Total assets were reported at $181,837,148 at September 30, 2026, compared to $115,857,950 at December 31, 2025.

Dakota Gold's Third-Quarter 2026 Financial Position and Operating Results

Dakota Gold Corp. (NYSE American:DC), a non-accelerated filer and emerging growth company incorporated in Delaware, reported a net loss and comprehensive loss of $8,414,955 for the three months ended September 30, 2026, compared to a net loss of $10,492,837 in the three months ended September 30, 2025, according to the filing. Basic and diluted loss per share was $(0.06) for the third quarter of 2026, based on a weighted average of 134,127,330 shares outstanding. For the nine months ended September 30, 2026, basic and diluted loss per share was $(0.19), the same figure as the nine months ended September 30, 2025.

The company reported that exploration expenses for the three months ended September 30, 2026 were $6,295,597, down from $7,688,571 in the same period of 2025. General and administrative expenses for the three months were $2,759,593, compared to $3,171,629 a year earlier. Interest income of $772,772 was recorded in the third quarter of 2026, up from $397,814 in the prior-year quarter, the filing noted. For the nine-month period, interest income totaled $2,169,855.

Financing activities for the nine months ended September 30, 2026 included proceeds from a common stock offering, net of issuance costs, of $71,711,027; proceeds from the at-the-market program net of issuance costs of $3,539,373; proceeds from exercise of warrants of $10,898,838; and proceeds from exercise of stock options of $1,281,125. Net cash used in operating activities was $22,320,366 for the nine months ended September 30, 2026, compared to $18,361,783 in the same period of 2025. Mineral rights and properties were carried at $83,390,889 at September 30, 2026, versus $82,898,617 at December 31, 2025. Total stockholders' equity stood at $176,907,728 at September 30, 2026, against $112,520,539 at December 31, 2025, the filing disclosed.

What Was Disclosed

Dakota Gold Corp. disclosed its unaudited condensed consolidated interim financial statements for the quarterly period ended September 30, 2026, including balance sheet data, results of operations, cash flows, and changes in equity, as well as share counts and financing transactions completed during the nine-month period.