Dakota Gold Corp. (NYSE American: DC) announced the pricing of its public offering of 12,336,000 shares of common stock, with expected gross proceeds of approximately $75 million before expenses. The offering could reach approximately $86.25 million if underwriters exercise their 30-day option to purchase up to an additional 1,850,400 shares in full. The transaction is expected to close on or about Feb. 11, 2026, subject to customary closing conditions.
Net proceeds from the offering are intended for working capital and general corporate purposes, supporting the company's operations in South Dakota. Dakota Gold is focused on revitalizing the Homestake District in Lead, South Dakota, where it holds high-caliber gold mineral properties covering over 49 thousand acres surrounding the historic Homestake Mine. This capital raise represents a substantial investment in one of North America's most historically significant gold regions.
BMO Capital Markets and Scotiabank are acting as lead book-running managers for the offering. Canaccord Genuity, CIBC Capital Markets, Agentis Capital Markets (Financial Markets LP), H.C. Wainwright & Co., RBC Capital Markets and D. Boral Capital are serving as co-managers. The involvement of multiple financial institutions underscores the significance of this capital raise for the mining sector.
The offering comes as Dakota Gold continues its exploration and development activities in the Homestake District, an area with a rich mining history. The company describes itself as a responsible gold exploration and development company with specific focus on this region. For more information about Dakota Gold Corp., visit https://dakotagoldcorp.com/.
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