Dakota Gold Prices 12.3M Shares for $75M Offering with $86.25M Upsize Option
Dakota Gold priced a public offering of 12,336,000 common shares to raise $75 million, with an overallotment option for 1,850,400 additional shares lifting potential proceeds to $86.25 million before expenses. Proceeds will fund working capital and general corporate purposes, with closing expected on or about February 11, 2026.
1. Offering Details
Dakota Gold announced the pricing of 12,336,000 common shares, generating $75 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 1,850,400 additional shares, potentially increasing total gross proceeds to $86.25 million, with closing expected on or about February 11, 2026.
2. Use of Proceeds
Net proceeds from the offering will support working capital requirements and general corporate purposes, bolstering ongoing exploration and development initiatives at the Homestake District projects in South Dakota.
3. Underwriting and Managers
BMO Capital Markets and Scotiabank serve as lead book-running managers, while Canaccord Genuity, CIBC Capital Markets, Agentis Capital Markets, H.C. Wainwright & Co., RBC Capital Markets and D. Boral Capital act as co-managers for the offering.