Dakota Gold Corp. Prices $75 Million Public Offering to Fund Homestake District Exploration

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 the underwriters exercise their 30-day option in full to purchase up to an additional 1,850,400 shares. This capital raise is significant for the company's operations in the Homestake District, where it holds high-caliber gold mineral properties covering over 49 thousand acres surrounding the historic Homestake Mine. The offering is expected to close on or about Feb. 11, 2026, subject to customary closing conditions.

The net proceeds from this offering are intended for working capital and general corporate purposes, which will support Dakota Gold's exploration and development activities in South Dakota. The company describes itself as a responsible gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. This funding comes at a crucial time as the company seeks to advance its projects in this historically significant mining region. For more information about the company's operations, visit https://dakotagoldcorp.com/.

BMO Capital Markets and Scotiabank are acting as lead book-running managers for the offering, with Canaccord Genuity, CIBC Capital Markets, Agentis Capital Markets (Financial Markets LP), H.C. Wainwright & Co., RBC Capital Markets and D. Boral Capital serving as co-managers. The involvement of these financial institutions underscores the significance of this capital raise in the mining sector. The full details of the offering can be found in the company's press release available at https://ibn.fm/roULn.

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