Dakota Territory Resource (DTRC) 10-Q 12 Aug 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2021	Aug. 12, 2021
Cover [Abstract]
Registrant Name	Dakota Territory Resource Corp.
Registrant CIK	0001182737
Fiscal Year End	--03-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Entity File Number	000-501191
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	80-0942566
Entity Address, Address Line One	141 Glendale Drive
Entity Address, City or Town	Lead
Entity Address, State or Province	SD
Entity Address, Postal Zip Code	57754
City Area Code	605
Local Phone Number	717-2540
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		69,182,109
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Document Transition Report	false

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2021	Mar. 31, 2021
CURRENT ASSETS
Cash	$ 24,852,299	$ 10,392,940
Prepaid expenses and other current assets	67,460	75,608
Total current assets	24,919,759	10,468,548
Mineral properties, net	7,357,741	5,337,072
Property and equipment, net	983,701	870,744
TOTAL ASSETS	33,261,201	16,676,364
CURRENT LIABILITIES
Accounts payable and accrued liabilities	514,760	162,024
Accounts payable - related party	81,250	3,000
Current portion of notes payable - related party	872,578	906,768
Total current liabilities	1,468,588	1,071,792
Notes payable - related party, net of current portion and discount	0	473,325
Total liabilities	1,468,588	1,545,117
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY (DEFICIT)
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2021 and March 31, 2021, respectively	0	0
Common stock, par value $0.001; 75,000,000 shares authorized, 60,227,899 and 56,197,331 shares issued and outstanding as of June 30, 2021 and March 31, 2021, respectively	60,228	56,197
Additional paid-in capital	52,456,311	23,617,834
Accumulated deficit	(20,723,926)	(8,542,784)
Total shareholders' equity (deficit)	31,792,613	15,131,247
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 33,261,201	$ 16,676,364

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	60,227,899	56,197,331
Common Stock, Shares, Outstanding	60,227,899	56,197,331

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
OPERATING EXPENSES
Exploration costs	$ 2,183,641	$ 126,461
General and administrative expenses	9,905,592	151,530
Total operating expenses	12,089,233	277,991
LOSS FROM OPERATIONS	(12,089,233)	(277,991)
OTHER INCOME (EXPENSE)
Loss on settlement of debt	(92,045)	0
Interest income	237	2,000
Interest expense	(101)	(69,744)
Total other income (expense)	(91,909)	(67,744)
NET LOSS	$ (12,181,142)	$ (345,735)
Net loss per share:
Basic and diluted net loss per share (in dollars per share)	$ (0.21)	$ (0.02)
Weighted average shares outstanding:
Basic and diluted (in shares)	56,900,553	16,410,868

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (12,181,142)	$ (345,735)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense	10,604,248	0
Loss on settlement of debt	54,169	0
Depreciation expense	27,661	0
Amortization of debt discount	37,876	67,037
Changes in current assets and liabilities:
Prepaid expenses and other assets	8,148	(4,244)
Accounts payable and accrued expenses	352,986	3,490
Accounts payable - related party	78,250	9,405
Net cash used in operating activities	(1,017,804)	(270,047)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(140,618)	0
Purchases of mineral properties	(901,203)	(57,213)
Net cash used in investing activities	(1,041,821)	(57,213)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of note payable	0	1,150,000
Proceeds from issuance of common stock	10,399,500	330,000
Deposits received	6,496,034	0
Repayment of note payable - related party	(376,550)	(40,145)
Repayment of line of credit, net	0	(1,472)
Net cash provided by financing activities	16,518,984	1,438,383
NET CHANGE IN CASH AND CASH EQUIVALENTS	14,459,359	1,111,123
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	10,392,940	146,425
CASH AND CASH EQUIVALENTS, END OF PERIOD	24,852,299	1,257,548
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	0	0
Taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for investment in mineral property	1,119,466	0
Common stock issued for payment of note payable	$ 223,259	$ 0

STATEMENTS OF CHANGES SHAREHOLD

STATEMENTS OF CHANGES SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Mar. 31, 2020	$ 16,354	$ 2,783,193	$ (5,377,743)	$ (2,578,196)
Beginning Balance (Shares) at Mar. 31, 2020	16,354,197
Cashless exercise of stock options and warrants	$ 375	(375)	0	0
Cashless exercise of stock options and warrants (Shares)	374,544
Cash received for unissued shares	$ 0	330,000	0	330,000
Debt discount assigned to purchase option	0	1,305,000	0	1,305,000
Net loss	0	0	(345,735)	(345,735)
Ending Balance at Jun. 30, 2020	$ 16,729	4,417,818	(5,723,478)	(1,288,931)
Ending Balance (Shares) at Jun. 30, 2020	16,728,741
Beginning Balance at Mar. 31, 2021	$ 56,197	23,617,834	(8,542,784)	$ 15,131,247
Beginning Balance (Shares) at Mar. 31, 2021	56,197,331			56,197,331
Common stock issued for cash	$ 2,311,000	2,311	10,397,189	$ 10,399,500
Cashless exercise of stock options and warrants (Shares)				374,544
Cash received for unissued shares	0	6,496,034	0	$ 6,496,034
Common stock issued for investment in mineral properties	$ 224	1,119,243	0	$ 1,119,467
Common stock issued for investment in mineral properties (Shares)	224,005			224,005
Common stock issued upon conversion of debt	$ 46	223,213	0	$ 223,259
Common stock issued upon conversion of debt (Shares)	45,563			45,563
Stock-based compensation expense	$ 1,450	10,602,798	0	$ 10,604,248
Stock-based compensation expense (Shares)	1,450,000
Net loss	$ 0	0	(12,181,142)	(12,181,142)
Ending Balance at Jun. 30, 2021	$ 60,228	$ 52,456,311	$ (20,723,926)	$ 31,792,613
Ending Balance (Shares) at Jun. 30, 2021	60,227,899			60,227,899

Summary of Accounting Policies

Summary of Accounting Policies	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Accounting Policies [Text Block]	Note 1-Summary of Accounting Policies Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements ("interim financial statements") of Dakota Territory Resource Corp. ("we", "us", "our", the "Company", "Dakota Territory") have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") and the rules of the Securities and Exchange Commission ("SEC") for interim statements, and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report on Form 10-K, for the year ended March 31, 2021 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended March 31, 2021 as reported in our Annual Report on Form 10-K, have been omitted. The year-end balance sheet data was derived from the audited financial statements. Unless otherwise noted, there have been no material changes to the footnotes from those accompanying the audited consolidated financial statements contained in the Company's Annual Report on Form 10-K. Uncertainties and Economic Development In March 2020, the World Health Organization designated the new coronavirus ("COVID-19") as a global pandemic. Federal, state and local governments have mandated orders to slow the transmission of the virus, including but not limited to shelter-in-place orders, quarantines, restrictions on travel, and work restrictions that prohibit many employees from going to work. Uncertainty with respect to the economic effects of the pandemic has resulted in significant volatility in the financial markets. The restrictions put in place by federal, state and local governments could delay our exploratory programs on our mineral properties. Furthermore, the impact of the pandemic on the global economy could also negatively impact the availability and cost of future borrowings should the need arise. It is unknown how long the adverse conditions associated with the pandemic will last and what the complete financial effect will be to the Company. The Company continues to monitor the impact that the pandemic, including relief bills enacted in response thereto, may have on operations. Currently, the Company is unable to determine the impact that the pandemic will have on its financial condition, results of operations, or liquidity. Reverse Stock Split On May 13, 2021, the Board of Directors of the Company approved a reverse stock split of the Company's common stock at a ratio of 1-for-4. The reverse stock split was made effective on May 25, 2021 and all share numbers and common stock prices presented give effect to the reverse split. Merger Agreement Pursuant to the Merger Agreement, JR Resources Corp. ("JR") and the Company have incorporated a new company ("NewCo") that will acquire all of the outstanding securities of JR and of the Company in exchange for securities of NewCo (the "Merger"). Shareholders of JR will receive a number of NewCo shares of common stock equal to their percentage shareholding in JR multiplied by the 35,641,667 Dakota Territory shares that JR owns. Shareholders of the Company other than JR will receive one share of common stock of NewCo for each share of common stock of the Company. In addition, at the closing of the Merger, (i) each outstanding option to purchase the Company's common stock, whether vested or unvested, will be assumed and converted into an option with respect to a number of shares of NewCo common stock in the manner set forth in the Merger Agreement, (ii) each outstanding warrant to purchase JR common stock, whether or not exercisable, will be assumed and converted into a warrant with respect to a number of shares of NewCo common stock in the manner set forth in the Merger Agreement, (iii) any outstanding awards of restricted stock units with respect to shares of the Company's common stock will be assumed and converted into the right to receive an award of restricted stock units representing a right to receive a number of shares of NewCo common stock in the manner set forth in the Merger Agreement and (iv) NewCo will change its name to "Dakota Gold Corp." The completion of the Merger is subject to customary closing conditions for a transaction of this nature, including securities law compliance, the approval of JR shareholders and the approval of the Company's shareholders. In addition, in connection with the Merger, the Company and JR intend to cause NewCo to prepare and file a registration statement on Form S-4 with the US Securities and Exchange Commission ("SEC"). On April 30, 2021, the Company incorporated Dakota Gold Services (Canada) Corp. ("Dakota Canada") under the British Columbia Business Corporations Act. These financial statements consolidate Dakota Canada, a wholly-owned subsidiary.

Related Party Transactions

Related Party Transactions	1 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	Note 2-Related Party Transactions The Company engages in related party transactions that involve its officers and directors and/or companies controlled by the officers and directors. Following is an analysis of related party transactions: Mr. Gerald Aberle is the Company's former President, Chief Executive Officer and is currently Chief Operating Officer of the Company. He is also a director and significant shareholder of the Company and the owner of Jerikodie, Inc. ("Jerikodie"). Under a February 2012 agreement, Jerikodie Inc. earns a fixed consulting fee of $9,000 per month, plus approved expenses. In October 2020, the Company paid Jerikodie, Inc, $200,000 of the approximate $729,500 owed to it for consulting fees and issued a note payable to Jerikodie for the remaining balance of approximately $529,500 bearing interest at 0.25% per year. On June 1, 2021 the Company and Jerikodie settled debt of $529,500 through the payment of $376,550 and the issuance of 45,563 shares of common stock. Upon settlement, the Company recognized all unamortized debt discount on the note totaling $37,876 as interest expense. The fair value of the consideration paid to settle the note exceeded the carrying amount of the note resulting in a loss on settlement of $54,169 which was recognized as a general and administrative expense. During the three months ended June 30, 2021, the Company engaged a Company controlled by a family member of Mr. Aberle, for the purpose of providing general labor and incurred approximately $20,734 in costs. During the three months ended June 30, 2021, the Company paid Jerikodie $39,238 for consulting fees. Mr. Richard Bachman is the Company's former Chief Geological Officer ("CGO"). He is also a significant shareholder of the Company and the owner of Minera Teles Pires Inc. ("Minera Teles"). Under an October 2005 agreement that expired in March 2020, Minera Teles earned a $10,000 monthly consulting fee and received $1,500 per month for office rent and expenses. The consulting fee was divided between a $5,000 per month cash payment and a $5,000 per month deferred amount. The Company also owed Mr. Bachman, individually, $305,145 in unsecured loans. These unsecured loans bear interest at rates ranging from 3% to 4% per year and are due on demand. In June 2020, the Company repaid $40,145 of unsecured loans, plus accrued interest totaling $6,095. In October 2020, the Company paid Minera Teles $200,000 for amounts owed for prior services and combined the remaining amount owed of approximately $795,500 with amounts owed under the unsecured loans, including unpaid interest, into a new note in the amount of $1,055,310, bearing interest at 0.25% per year. A payment of $145,000 was made in December 2020. As of June 30, 2021, the unpaid principal balance totalled $872,578. In July 2021, the Company and Mr. Bachman settled debt of $872,578 through the payment of $425,165 in cash and the issuance of 99,049 shares of common stock. During the three months ended June 30, 2021, the Company paid $6,000 for consulting fees to WCM Associates, LP, an entity controlled by the Company's former CFO. In connection with the notes payable issued in 2020, as discussed above, the Company determined that the 0.25% contractual rate represented a below-market interest rate. Interest was imputed on the notes payable at 5.00% interest resulting in a discount at issuance of $86,024. During three months ended June 30, 2021, the Company recognized amortization of the debt discount of $Nil in interest expense. Messrs. Aberle and Bachman own a 5% net smelter return royalty on the original 84 unpatented mining claims that comprised the Blind Gold Property. An agreement to extinguish the royalty for $25,000 each has been executed. The remuneration of directors and other members of key management personnel during the three months ended June 30, 2021 and 2020 was as follows: June 30, 2021 June 30, 2020 Directors fees $ 27,000 $ - Salaries 71,133 - Consulting fees 126,613 37,215 Share-based compensation 6,391,544 - $ 6,616,290 $ 37,215

Mineral Properties

Mineral Properties	3 Months Ended
	Jun. 30, 2021
Mineral Industries Disclosures [Abstract]
Mineral Properties [Text Block]	Note 3-Mineral Properties On September 26, 2012, the Company was re-organized with North Homestake Mining Company. With this re-organization, the Company acquired 84 unpatented lode mining claims covering approximately 1,600 acres known as the Blind Gold Property located in the Black Hills of South Dakota. On December 28, 2012, the Company acquired 57 unpatented lode mining claims covering approximately 853 acres known as the West False Bottom Creek and Paradise Gulch Claim Group, the City Creek Claims Group, and the Homestake Paleoplacer Claims Group, all located in the Black Hills of South Dakota. The West False Bottom Creek and Paradise Gulch Claims were contiguous to the Blind Gold Property and have been consolidated into the Blind Gold Property. The purchase price was 250,000 restricted common shares valued at $0.60 per share, or $150,000. On February 24, 2014, the Company acquired surface and mineral title to the 26.16 acres of the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706 in the Black Hills of South Dakota. The Company is required to make annual lease payments of $8,000 for a period of 5 years, of which $8,000 was due upon execution of the agreement. On May 7, 2019, the Company extended the lease with an option to purchase agreement for Mineral Survey 1706 for an additional 5-year period. The property is part of the Homestake Paleoplacer Property, and the Company has maintained the option to purchase the mineral property for $150,000. On March 3, 2014, the Company completed the acquisition of approximately 565.24 mineral acres in the Northern Black Hills of South Dakota. The acquisition increased our mineral interests in the Homestake District by nearly 23%, to over 3,057 acres. As part of the property acquisition, the Company purchased an additional 64.39 mineral acres located immediately southwest and contiguous to our Paleoplacer Property, including mineral title to the historic Gustin, Minerva and Deadbroke Gold Mines. The purchase price of the mineral interests was $33,335. On April 5, 2017, the Company acquired options to purchase a combination of surface and mineral titles to approximately 293 acres in the Homestake District of the Northern Black Hills of South Dakota. The acquisition included 61 acres located immediately south and contiguous with our City Creek Property; 82 acres located approximately one half mile south of our Blind Gold Property at the western fringe of the historic Maitland Gold Mine; and 141 acres located immediately north and contiguous to our Homestake Paleoplacer Property. The Company is required to make annual lease payments totaling $20,000 for a period of 5 years, of which $20,000 was due upon execution of the agreement. The Company has an option to purchase the mineral properties for total price of $626,392. As of June 30, 2021, the Company is current on all required annual lease payments. In November 2018, we acquired 42 unpatented lode mining claims covering approximately 718 acres located immediately to the north and adjacent to the Company's City Creek Property. Through this staking, the City Creek project area was expanded from approximately 449 acres to 1,106 acres. In September 2019, the Company completed the acquisition of 106 unpatented lode mining claims covering approximately 1,167 acres in close proximity to the historic Tinton Gold Camp. The Tinton area was the site of placer mining activity between 1876 and the turn of the century. On March 6, 2020, the Company completed the acquisition of 65 unpatented lode mining claims covering approximately 1,152 acres in the Homestake District of the Black Hills of South Dakota. The new property is contiguous to the Company's Blind Gold Property. In May 2020, the Company acquired 67 unpatented lode mining claims covering approximately 1,045 acres located on the western margin of the structural corridor that extends north of the Homestake Gold Mine. The West Corridor property is located just south of the mineral property Dakota Territory acquired from Deadbroke Mining Company in March of 2014, just north of the producing Wharf Mine (Coeur Mining) and just to the south and east of the former Richmond Hill Mine (Barrick Gold). In July 2020, the Company staked 166 unpatented lode mining claims covering approximately 3,152 acres located immediately north and adjacent to the Company's City Creek Property. Through this staking, the City Creek project area was expanded from approximately 1,176 acres to 4,319 acres. The City Creek Property is comprised of a combination of patented and unpatented mining claims covering the continuous extension of the iron-formation gold host northeast of the Homestake Mine. The City Creek geology is dominated by the Homestake, Ellison and Poorman stratigraphic sequence that has been delineated by more than 40,000 ft of core drilling across the property. The historic drilling also documents the occurrence of gold mineralization in the classic quartz vein, chlorite-arsenopyrite style of the Homestake Mine. On September 15, 2020, we completed the acquisition of 50 unpatented lode mining claims covering approximately 840 acres at the historic Ragged Top Gold Camp of the Black Hills of South Dakota. Tertiary-aged gold mineralization in the Ragged Top area is hosted primarily in the Paha Sapa Limestone formation and has been mined from both vertical fissures called "Verticals" and from collapsed breccias. The Ragged Top acquisition is located just northwest of the producing Wharf Mine (Coeur Mining) and approximately 3 miles southwest of the former Richmond Hill Mine (Barrick Gold). On October 26, 2020, the Company completed the purchase of the Maitland Gold Property from Homestake Mining Company of California, a wholly owned subsidiary of Barrick Gold Corporation ("Barrick"). At closing, the Company paid Barrick $3.5 million cash and issued 750,000 shares of its common stock valued at $1.76 per share, for total consideration of $4.82 million. Additionally, Barrick retained a 2.5% net smelter returns royalty on the property. The 2,112 mineral-acre Maitland acquisition is an important component of the Company's exploration and development strategy for the structural corridor that extends from the Homestake Gold Mine to the Company's Blind Gold Property at the northern end of the Homestake District. On November 25, 2020, the Company acquired 64 unpatented lode mining claims covering approximately 1,092 acres located south and to the west of the former Homestake Gold Mine at Lead, South Dakota. The Poorman Anticline geological structure is the southwestern-most known extension of the Homestake iron-formation host in the district. Gold mineralization was discovered underground on the 2,600 and 4,100 foot levels in the far western extents of the Homestake Mine in the 1950's and 60's with little historic follow-up exploration in the Poorman Anticline closer to surface. Dakota Territory's targeting in the Poorman Anticline is based on the presence of the Homestake iron-formation host and projected intersections with important shear fabric that is known to have conducted fluids necessary to the deposition of gold mineralization in the northern extents of the structural corridor. On January 26, 2021, the Company acquired 143 unpatented lode mining claims covering approximately 2,468 acres. The acquisition was based on continuing analysis of the Company's historic data sets coupled with new insights derived from the Company's district-scale airborne geophysical survey flown during the summer of 2020 and increased the acreage covered by three of the Company's existing project areas. At the west side of the Homestake District, the Tinton property was extended to the north and northwest adding approximately 1,966 acres to the original claim block. In the central region of the District, the West Corridor property was extended west to Cleopatra Creek covering approximately 242 additional acres between Richmond Hill and Wharf gold mines, and the Blind Gold Property was expanded west adding approximately 260 acres immediately north of the Richmond Hill Mine. On March 8, 2021, the Company acquired 39 unpatented lode mining claims covering approximately 806.5 acres at the eastern boundary of the Company's Tinton Property. Tinton was the site of placer mining activity between 1876 and the turn of the century, the lode source for which has not been discovered. Our original Tinton claim block was located based on historic research and exploration conducted by members of our technical team at Homestake Mining Company in the 1980's and 1990's, which suggested a Pre-Cambrian lode source at depth. The latest property acquisition is focussed on additional younger Tertiary-aged gold mineralization in the younger sedimentary and igneous rocks covering the property. On March 9, 2021, Dakota Territory acquired, by option, 25 patented mining claims covering approximately 307 acres at the eastern boundary of the northern segment of the Company's Ragged Top Property. Two additional unpatented lode claims covering approximately 29 acres were also acquired by staking and added at the north end of the property. The Ragged Top Property has been subject to historic mining operations producing Tertiary-aged gold and silver mineralization primarily from vertical fissures and collapsed breccias within the Paha Sapa limestone unit. The Ragged Top property is located just northwest of the producing Wharf Mine (Coeur Mining) and approximately 3 miles southwest of the former Richmond Hill Mine (Barrick Gold). On May 21, 2021, the Company purchased surface and mineral title to approximately 213 acres located contiguous to the northwest boundary of the Company's West Corridor Property. The property is located just south of the mineral property Dakota Territory acquired from Deadbroke Mining Company in the Maitland Area in March of 2014, just north of the producing Wharf Mine (Coeur Mining) and just to the south and east of the former Richmond Hill Mine (Barrick Gold). The purchased property is subject to a 2% NSR Royalty held by Homestake Mining Company of California and a buyback right for 51% interest in the property subject to, among other provisions, the establishment of a 1,000,000-ounce reserve and/or inferred resource from one or more deposits located within a one-kilometer area of influence surrounding the property. During the quarter ended June 30, 2021, the Company purchased an additional 334 acres of patented mining claims. In total, the Company currently holds eight brownfield project areas in the district comprised of 976 unpatented claims and a combination of surface and mineral leases covering a total of approximately 19,937 acres. We have not established that any of our projects or properties contain any proven or probable reserves under SEC Industry Guide 7. As of June 30, 2021 and March 31, 2021, the Company's mineral properties totaled $7,357,741 and $5,337,072, respectively. As of June 30, 2021, the Company is in the exploration stage and has not commenced amortization of its properties.

Notes Payable

Notes Payable	3 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Notes Payable [Text Block]	Note 4-Notes Payable JR Resources Corp. In February 2020, we entered into a $300,000 unsecured promissory note agreement with JR. The note bore interest at 3.0% per year and was due on May 5, 2020. In May 2020, JR and the Company entered into an amended and restated promissory note in the amount of $1,450,000, which includes the $300,000 that was advanced in February 2020 and an additional $1,150,000 that was advanced in May 2020. The amended and restated unsecured note bears interest at 0.25% per year, compounded annually, and matures on December 31, 2021. On October 15, 2020, and as a part of the first closing of our agreement with JR, the promissory note of $1,450,000 was converted into 2,416,667 shares of the Company's common stock, pursuant to its terms. In connection with the conversion, the Company recognized the remaining $1,036,849 of unamortized debt discount as interest expense. For the year ended March 31, 2021, the Company recognized additional interest expense of $1,305,000 related to amortization of the debt discount. On January 20, 2021 JR lent the Company $300,000, on an unsecured basis. On the occurrence of the final closing, the unpaid principal of the loan would be applied to the consideration relating to the final close. In March 2021, the Company and JR effected the second and final closing under the option, whereby JR acquired 18,225,000 shares of Company common stock for aggregate consideration of $10,935,000, $10,635,000 in cash and $300,000 upon conversion of the principal amount of the promissory note issued in January 2021. The final closing resulted in a change in control of the Company to JR.

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	Note 5-Property and Equipment As of June 30, 2021 and March 31, 2021, the Company's property and equipment consists of the following: Estimated Useful Life (Years) June 30, 2021 March 31, 2021 Land $ 70,000 $ 70,000 Building 39 543,549 503,711 Furniture and equipment 3 - 5 398,006 330,125 Vehicle 5 32,899 - 1,044,454 903,836 Less accumulated depreciation (60,753 ) (33,092 ) Property and equipment, net $ 983,701 $ 870,744 Depreciation expense for the three months ended June 30, 2021 and 2020, was $27,661 and $0, respectively.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity [Text Block]	Note 6-Shareholders' Equity Common Stock Our authorized capital stock consists of 75,000,000 shares of common stock, with a par value of $0.001 per share, and 10,000,000 preferred shares with a par value of $0.001 per share. On June 23, 2021, the Company issued 2,311,000 shares of common stock at a price of $4.50 per Common Share, for gross proceeds of $10,399,500, in connection with the initial tranche of a non-brokered private placement (“Private Placement”). As of June 30, 2021, the Company had received $6,496,034 in connection with the second tranche of the Private Placement, as further discussed in Note 7. The related 1,443,563 shares of common stock were not issued until July 2021. During the three months ended June 30, 2021, the Company also issued (i) 224,005 shares of common stock valued at $1,119,467 for investment in mineral properties (see Note 3 for further discussion), (ii) 45,563 shares of common stock valued at $223,259 for a settlement of debt (see Note 2 for further discussion), and (iii) 1,450,000 shares of common stock valued at $7,177,500 as bonus shares to directors, employees and consultants to the Company. For the three months ending June 30, 2021, the share-based compensation expense for the bonus shares was allocated $1,361,250 to exploration costs and $5,816,250 to general and administrative expenses. During the three months ended June 30, 2020, the Company issued 374,544 shares of common stock upon cashless exercise of stock options and warrants. At June 30, 2021, there were 60,227,899 shares of our common stock outstanding. Common Stock Options, Restricted Stock Units and Warrants On March 11, 2021, the Company's board of directors adopted a plan entitled the "2021 Stock Incentive Plan." The 2021 Stock Incentive Plan has a total of 6,250,000 Common Shares available to award to the Company's directors, executive officers and consultants. As of June 30, 2021, a total of 2,378,750 shares of our common stock remained available for future grants under the 2021 Stock Incentive Plan. On January 25, 2015, the Company's board of directors adopted a plan entitled the "2015 Omnibus Incentive Plan." The 2015 Omnibus Incentive Plan is no longer in effect and no further securities will be issued under the 2015 Omnibus Incentive Plan, other than in respect of 75,000 common stock purchase options that remain outstanding. Outstanding stock options under the 2021 Stock Incentive Plan have a term of five years. Outstanding stock options granted to third-party service providers generally vest over the period of the contract, which is typically one year. The Company recognized stock-based compensation related to issuance of stock options totaling $3,056,515 ($501,890 being allocated to exploration costs and $2,554,625 and being allocated to administrative expenses) during the three months ended June 30, 2021. No stock-based compensation was recognized by the Company during the three months ended June 30, 2020. On May 17, 2021, the Company granted 2,071,250 options to officer, directors and consultants. A summary of the Company's stock option activity and related information for the period ended June 30, 2021 is as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.61 $ 2,661,000 Options granted 2,071,250 4.76 4.88 497,100 Outstanding as of June 30, 2021 2,896,250 $ 3.91 4.80 $ 3,158,100 Options exercisable as of June 30, 2021 765,417 $ 4.32 3.84 During the three months ended June 30, 2021, we estimated the fair value of each stock option to have a weighted average grant date fair value of $3.39 per share on the date of grant using a Black Scholes valuation model. The weighted-average assumptions used to calculate the grant date fair value were as follows: exercise price of $4.76, risk-free interest rate of 0.95%, estimated volatility of 90%, dividend yield of 0%, and expected life of 5 years. As at June 30, 2021 the unrecognized compensation cost related to unvested options was $4,963,034. On June 4, 2021 the Company issued 1,050,000 restricted stock units ("RSU's") with a grant date fair value of $4.95 per share to certain directors, officers, employees and consultants vesting on June 4, 2022. The share-based compensation expense for the RSU's will be amortized monthly and allocated to exploration costs and general and administrative expenses. For the three months ending June 30, 2021, $52,890 and $317,343 were allocated to exploration costs and general and administrative expenses, respectively. There were no warrants outstanding as of June 30, 2021 and March 31, 2021.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 7-Subsequent Events On August 2, 2021, the Company entered into a series of substantially similar subscription agreements pursuant to which the Company issued and sold to certain investors, in the final tranche of the Private Placement, an aggregate of 120,550 common shares at a price of $4.50 per share, for gross proceeds of $542,475. In aggregate with the first tranche issuance of 2,311,000 common shares for gross proceeds of $10,399,500, and the second tranche issuance of 8,734,611 common shares for $39,305,749.50, the Company issued a total of 11,166,161 common shares for total gross proceeds of $50,247,724.50. Robert Quartermain, a director and Co-Chair of the Company, purchased 50,000 common shares in the Private Placement.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements ("interim financial statements") of Dakota Territory Resource Corp. ("we", "us", "our", the "Company", "Dakota Territory") have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") and the rules of the Securities and Exchange Commission ("SEC") for interim statements, and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report on Form 10-K, for the year ended March 31, 2021 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended March 31, 2021 as reported in our Annual Report on Form 10-K, have been omitted. The year-end balance sheet data was derived from the audited financial statements. Unless otherwise noted, there have been no material changes to the footnotes from those accompanying the audited consolidated financial statements contained in the Company's Annual Report on Form 10-K. Uncertainties and Economic Development In March 2020, the World Health Organization designated the new coronavirus ("COVID-19") as a global pandemic. Federal, state and local governments have mandated orders to slow the transmission of the virus, including but not limited to shelter-in-place orders, quarantines, restrictions on travel, and work restrictions that prohibit many employees from going to work. Uncertainty with respect to the economic effects of the pandemic has resulted in significant volatility in the financial markets. The restrictions put in place by federal, state and local governments could delay our exploratory programs on our mineral properties. Furthermore, the impact of the pandemic on the global economy could also negatively impact the availability and cost of future borrowings should the need arise. It is unknown how long the adverse conditions associated with the pandemic will last and what the complete financial effect will be to the Company. The Company continues to monitor the impact that the pandemic, including relief bills enacted in response thereto, may have on operations. Currently, the Company is unable to determine the impact that the pandemic will have on its financial condition, results of operations, or liquidity. Reverse Stock Split On May 13, 2021, the Board of Directors of the Company approved a reverse stock split of the Company's common stock at a ratio of 1-for-4. The reverse stock split was made effective on May 25, 2021 and all share numbers and common stock prices presented give effect to the reverse split. Merger Agreement Pursuant to the Merger Agreement, JR Resources Corp. ("JR") and the Company have incorporated a new company ("NewCo") that will acquire all of the outstanding securities of JR and of the Company in exchange for securities of NewCo (the "Merger"). Shareholders of JR will receive a number of NewCo shares of common stock equal to their percentage shareholding in JR multiplied by the 35,641,667 Dakota Territory shares that JR owns. Shareholders of the Company other than JR will receive one share of common stock of NewCo for each share of common stock of the Company. In addition, at the closing of the Merger, (i) each outstanding option to purchase the Company's common stock, whether vested or unvested, will be assumed and converted into an option with respect to a number of shares of NewCo common stock in the manner set forth in the Merger Agreement, (ii) each outstanding warrant to purchase JR common stock, whether or not exercisable, will be assumed and converted into a warrant with respect to a number of shares of NewCo common stock in the manner set forth in the Merger Agreement, (iii) any outstanding awards of restricted stock units with respect to shares of the Company's common stock will be assumed and converted into the right to receive an award of restricted stock units representing a right to receive a number of shares of NewCo common stock in the manner set forth in the Merger Agreement and (iv) NewCo will change its name to "Dakota Gold Corp." The completion of the Merger is subject to customary closing conditions for a transaction of this nature, including securities law compliance, the approval of JR shareholders and the approval of the Company's shareholders. In addition, in connection with the Merger, the Company and JR intend to cause NewCo to prepare and file a registration statement on Form S-4 with the US Securities and Exchange Commission ("SEC"). On April 30, 2021, the Company incorporated Dakota Gold Services (Canada) Corp. ("Dakota Canada") under the British Columbia Business Corporations Act. These financial statements consolidate Dakota Canada, a wholly-owned subsidiary.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of key management personnel [Table Text Block]	June 30, 2021 June 30, 2020 Directors fees $ 27,000 $ - Salaries 71,133 - Consulting fees 126,613 37,215 Share-based compensation 6,391,544 - $ 6,616,290 $ 37,215

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated Useful Life (Years) June 30, 2021 March 31, 2021 Land $ 70,000 $ 70,000 Building 39 543,549 503,711 Furniture and equipment 3 - 5 398,006 330,125 Vehicle 5 32,899 - 1,044,454 903,836 Less accumulated depreciation (60,753 ) (33,092 ) Property and equipment, net $ 983,701 $ 870,744

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of share-based compensation, stock options, activity [Table Text Block]	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.61 $ 2,661,000 Options granted 2,071,250 4.76 4.88 497,100 Outstanding as of June 30, 2021 2,896,250 $ 3.91 4.80 $ 3,158,100 Options exercisable as of June 30, 2021 765,417 $ 4.32 3.84

Summary of Accounting Policie_2

Summary of Accounting Policies (Narrative) (Details)	3 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Reverse stock split description	On May 13, 2021, the Board of Directors of the Company approved a reverse stock split of the Company's common stock at a ratio of 1-for-4.

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	Jun. 01, 2021	Jul. 31, 2021	Dec. 31, 2020	Oct. 31, 2020	Jun. 30, 2020	Oct. 31, 2005	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Feb. 29, 2012
Related Party Transaction [Line Items]
Loss on settlement							$ 92,045	$ 0
Percentage of net smelter return royalty owned							5.00%
Extinguishment of royalty							$ 25,000
Mr. Gerald Aberle [Member] | Jerikodie Inc. [Member]
Related Party Transaction [Line Items]
Consulting fee per month										$ 9,000
Payment to related party				$ 200,000
Owed to related party				729,500
Note payable issued				$ 529,500
Consulting fees							39,238
Interest rate				0.25%
Repayments of debt	$ 376,550
Settled debt amount	529,500
Loss on settlement	$ 54,169
Number of shares issued	45,563
Interest expense	$ 37,876
Related party costs							20,734
Mr. Richard Bachman [Member]
Related Party Transaction [Line Items]
Unsecured loans									$ 305,145
Mr. Richard Bachman [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Interest rate									3.00%
Mr. Richard Bachman [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Interest rate									4.00%
Mr. Richard Bachman [Member] | Minera Teles Pires Inc [Member]
Related Party Transaction [Line Items]
Consulting fee per month						$ 10,000
Payment to related party				$ 200,000
Note payable issued				$ 1,055,310
Interest rate				0.25%
Settlement of debt		$ 872,578
Repayments of debt		$ 425,165	$ 145,000
Number of shares issued		99,049
Unsecured loans				$ 795,500
Repayments of unsecured debt					$ 40,145
Accrued interest					$ 6,095			$ 6,095
Office rent and expenses						1,500
Consulting fee cash payment						5,000
Consulting fee deferred amount						$ 5,000
Note payable							872,578
WCM Associates, LP [Member]
Related Party Transaction [Line Items]
Consulting fees							$ 6,000
Interest rate				0.25%
Imputed interest rate on note payable				5.00%
Discount at issuance				$ 86,024

Related Party Transactions - Sc

Related Party Transactions - Schedule of key management personnel (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Related Party Transaction [Line Items]
Key management personnel compensation	$ 6,616,290	$ 37,215
Directors Fees [Member]
Related Party Transaction [Line Items]
Key management personnel compensation	27,000	0
Salaries [Member]
Related Party Transaction [Line Items]
Key management personnel compensation	71,133	0
Consulting Fees [Member]
Related Party Transaction [Line Items]
Key management personnel compensation	126,613	37,215
Share-based compensation [Member]
Related Party Transaction [Line Items]
Key management personnel compensation	$ 6,391,544	$ 0

Mineral Properties (Narrative)

Mineral Properties (Narrative) (Details)

Mar. 09, 2021aMining_claim

Mar. 08, 2021aMining_claim

Mar. 06, 2020aMining_claim

May 07, 2019USD ($)

Apr. 05, 2017USD ($)a

Mar. 03, 2014USD ($)a

May 21, 2021a

Jan. 26, 2021aMining_claim

Nov. 25, 2020aMining_claim

Oct. 26, 2020USD ($)$ / sharesshares

Sep. 15, 2020aMining_claim

Jul. 31, 2020aMining_claim

May 31, 2020aMining_claim

Sep. 30, 2019aMining_claim

Nov. 30, 2018aMining_claim

Feb. 24, 2014USD ($)a

Dec. 28, 2012USD ($)aMining_claim$ / sharesshares

Sep. 26, 2012aMining_claim

Jun. 30, 2021USD ($)aMining_claim

Jun. 30, 2020USD ($)

Mar. 31, 2021USD ($)

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

143

Area of land

2,468

334

Payment to purchase the mineral property | $

$ 901,203

$ 57,213

Percentage of net smelter return royalty owned

5.00%

Mineral properties | $

$ 7,357,741

$ 5,337,072

Blind Gold Property [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

84

Area of land

82

260

1,600

West False Bottom Creek And Paradise Gulch Claim Group, City Creek Claims Group, And Homestake Paleoplacer Claims Group [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

57

Area of land

853

Purchase of restricted common shares | shares

250,000

Restricted common shares purchased price per share | $ / shares

$ 0.60

Purchase price of restricted common shares | $

$ 150,000

Squaw And Rubber Neck Lodes [Member]

Property, Plant and Equipment [Line Items]

Area of land

26.16

Annual lease payments | $

$ 8,000

Operating lease term

5 years

Northern Black Hills [Member]

Property, Plant and Equipment [Line Items]

Area of land

293

565.24

Percentage of acquisition mineral interests

23.00%

City Creek Property [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

166

Area of land

61

3,152

Paleoplacer Property [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

42

Area of land

141

64.39

718

Annual lease payments | $

$ 20,000

Operating lease term

5 years

5 years

Payment to purchase the mineral property | $

$ 150,000

$ 626,392

$ 33,335

Tinton Gold Camp [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

106

Area of land

1,167

Homestake District Of Black Hills Of South Dakota [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

65

Area of land

1,152

Western Margin [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

67

Area of land

1,045

Top Gold Camp [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

50

Area of land

840

Homestake Gold Mine [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

64

Area of land

1,092

Tinton Property [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

39

Area of land

806.5

1,966

West Corridor Property [Member]

Property, Plant and Equipment [Line Items]

Area of land

213

242

Ragged Top Property [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

2

Area of land

307

Acquired patented lode mining claims | Mining_claim

25

Eight Brownfield Project Areas [Member]

Property, Plant and Equipment [Line Items]

Acquired unpatented lode mining claims | Mining_claim

976

Area of land

19,937

Barrick Gold Corporation [Member] | Maitland Gold Property [Member]

Property, Plant and Equipment [Line Items]

Stock issued during period, value, purchase of assets | $

$ 3,500,000

Stock issued during period, shares, purchase of assets | shares

750,000

Issued price per share | $ / shares

$ 1.76

Asset acquisition, consideration transferred | $

$ 4,820,000

Percentage of net smelter return royalty owned

2.50%

Homestake Mining Company [Member]

Property, Plant and Equipment [Line Items]

Percentage of net smelter return royalty owned

2.00%

Percentage of buy back right

51.00%

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details) - USD ($)	Oct. 15, 2020	Mar. 31, 2021	May 31, 2020	Feb. 29, 2020	Jun. 30, 2021
Debt Instrument [Line Items]
Number of shares of common stock converted for principal amount of a promissory note					45,563
Aggregate consideration					$ 223,259
JR Resources Corp [Member]
Debt Instrument [Line Items]
Conversion of principal amount of a promissory note		$ 300,000
Unsecured debt	$ 300,000
Number of shares of common stock converted for principal amount of a promissory note		18,225,000
Aggregate consideration		$ 10,935,000
Cash received from issuance of shares		$ 10,635,000
JR Resources Corp [Member] | Unsecured promissory note [Member]
Debt Instrument [Line Items]
Unsecured promissory note				$ 300,000
Percentage of interest rate on unsecured promissory note				3.00%
JR Resources Corp [Member] | Amended and restated promissory note [Member]
Debt Instrument [Line Items]
Unsecured promissory note			$ 1,450,000
Percentage of interest rate on unsecured promissory note			0.25%
Advance received on amended and restated promissory note			$ 1,150,000	$ 300,000
Conversion of principal amount of a promissory note	$ 1,450,000
Promissory note converted into number of shares	2,416,667
Unamortized debt discount as interest expense	$ 1,036,849
Interest expense related to amortization of debt discount					$ 1,305,000

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 27,661	$ 0

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,044,454	$ 903,836
Less accumulated depreciation	(60,753)	(33,092)
Property and equipment, net	983,701	870,744
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 70,000	70,000
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (years)	39 years
Property, plant and equipment, gross	$ 543,549	503,711
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 398,006	330,125
Furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (years)	3 years
Furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (years)	5 years
Vehicle [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (years)	5 years
Property, plant and equipment, gross	$ 32,899	$ 0

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended
	Jun. 23, 2021	May 17, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 04, 2021	Mar. 31, 2021	Mar. 11, 2021	Jan. 25, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized			75,000,000			75,000,000
Common Stock, Par or Stated Value Per Share			$ 0.001			$ 0.001
Preferred Stock, Shares Authorized			10,000,000			10,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001			$ 0.001
Common stock issued for cash			$ 10,399,500
Cash received for unissued shares			$ 6,496,034	$ 330,000
Unissued shares of common stock			1,443,563
Common stock issued for investment in mineral properties (Shares)			224,005
Common stock issued for investment in mineral properties			$ 1,119,467
Common stock issued upon conversion of debt (Shares)			45,563
Common stock issued upon conversion of debt			$ 223,259
Bonus shares issued to directors, employees and consultants			1,450,000
Value of bonus shares to directors, employees and consultants			$ 7,177,500
Cashless exercise of stock options and warrants (Shares)			374,544
Common stock issued upon exercise of options				$ 0
Stock-based compensation expense			$ 3,056,515
Common Stock, Shares, Outstanding			60,227,899			56,197,331
Weighted average grant date fair value of stock options			$ 3.39
Exercise price			$ 4.76
Risk-free interest rate			0.95%
Estimated volatility			90.00%
Dividend yield			0.00%
Expected life			5 years
Unrecognized compensation cost related to unvested options			$ 4,963,034
Non-brokered private placement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued for cash (Shares)	2,311,000
Issued price per share	$ 4.50
Common stock issued for cash	$ 10,399,500
Exploration costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense related to bonus			1,361,250
Stock-based compensation expense			501,890
General and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense related to bonus			5,816,250
Stock-based compensation expense			$ 2,554,625
Directors, employees and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted		2,071,250
2021 Stock Incentive Plan [Member] | Directors, employees and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Shares available to award							6,250,000
Common stock available for future grants			2,378,750
Omnibus Incentive plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding								75,000
Restricted stock units ("RSU's")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock units granted					1,050,000
Fair value of restricted stock units granted					$ 4.95
Restricted stock units ("RSU's") | Exploration costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense related to restricted stock units			$ 52,890
Restricted stock units ("RSU's") | General and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense related to restricted stock units			$ 317,343

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of share-based compensation, stock options, activity (Details) - Employee Stock Option [Member] - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding, beginning of period	825,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at beginning of period	$ 1.77
Weighted average remaining contractual life (in years), ending balance	4 years 9 months 18 days	4 years 7 months 9 days
Aggregate intrinsic value, beginning balance	$ 2,661,000
Number of share options granted in share-based payment arrangement	2,071,250
Weighted average exercise price of share options granted in share-based payment arrangement	$ 4.76
Options granted, weighted average remaining contractual life	4 years 10 months 17 days
Aggregate intrinsic value, options granted	$ 497,100
Number of share options outstanding in share-based payment arrangement at end of period	2,896,250	825,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period	$ 3.91	$ 1.77
Aggregate intrinsic value, ending balance	$ 3,158,100	$ 2,661,000
Options exercisable	765,417
Options exercisable, weighted average exercise price	$ 4.32
Options exercisable, weighted average remaining contractual term	3 years 10 months 2 days

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event [Member]	Aug. 02, 2021USD ($)$ / sharesshares
Subsequent Event [Line Items]
Number of shares issued in private placement	120,550
Shares issued, price per share | $ / shares	$ 4.50
Proceeds from private placement | $	$ 542,475
First tranche [Member]
Subsequent Event [Line Items]
Number of shares issued in private placement	2,311,000
Proceeds from private placement | $	$ 10,399,500
Second tranche [Member]
Subsequent Event [Line Items]
Number of shares issued in private placement	8,734,611
Proceeds from private placement | $	$ 39,305,749.50
Total of First and Second Tranche [Member]
Subsequent Event [Line Items]
Number of shares issued in private placement	11,166,161
Proceeds from private placement | $	$ 50,247,724.50
Robert Quartermain [Member]
Subsequent Event [Line Items]
Number of shares issued in private placement	50,000