Dakota Territory Resource (DTRC) 10-Q 10 Feb 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2021	Feb. 09, 2022
Cover [Abstract]
Registrant Name	Dakota Territory Resource Corp.
Registrant CIK	0001182737
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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		70,828,204
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Document Transition Report	false

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Current assets
Cash and cash equivalents	$ 46,637,914	$ 10,392,940
Prepaid expenses and other current assets	173,604	75,608
Total current assets	46,811,518	10,468,548
Mineral properties	20,297,409	5,337,072
Property and equipment	1,341,109	870,744
Total assets	68,450,036	16,676,364
Current liabilities
Accounts payable and accrued liabilities	619,598	165,024
Current portion of notes payable - related party	0	906,768
Total current liabilities	619,598	1,071,792
Notes payable - related party	0	473,325
Total liabilities	619,598	1,545,117
Commitments and contingencies
Shareholders' equity
Common stock, par value $0.001; 75,000,000 shares authorized, 70,828,204 and 56,197,331 shares issued and outstanding as of December 31, 2021 and March 31, 2021, respectively	70,828	56,197
Additional paid-in capital	98,956,100	23,617,834
Accumulated deficit	(31,196,490)	(8,542,784)
Total shareholders' equity	67,830,438	15,131,247
Total liabilities and shareholders' equity	$ 68,450,036	$ 16,676,364

CONDENSED CONSOLIDATED INTERI_2

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
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	70,828,204	56,197,331
Common Stock, Shares, Outstanding	70,828,204	56,197,331

CONDENSED CONSOLIDATED INTERI_3

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Operating expenses
Exploration costs	$ 2,058,521	$ 94,071	$ 6,117,247	$ 576,260
General and administrative expenses	3,391,952	158,364	16,427,931	524,266
Total operating expenses	5,450,473	252,435	22,545,178	1,100,526
Loss from operations	(5,450,473)	(252,435)	(22,545,178)	(1,100,526)
Other income (expense)
Loss on debt settlement	0	0	(124,521)	0
Interest income	9,760	140	16,094	2,140
Interest expense	0	(1,048,735)	(101)	(1,322,244)
Other income	0	5,000	0	5,000
Total other income (expense)	9,760	(1,043,595)	(108,528)	(1,315,104)
Net loss	$ (5,440,713)	$ (1,296,030)	$ (22,653,706)	$ (2,415,630)
Net loss per share:
Basic and diluted net loss per share	$ (0.08)	$ (0.04)	$ (0.35)	$ (0.11)
Weighted average number of shares outstanding
Basic and diluted	70,541,658	31,374,130	65,079,372	21,174,813

CONDENSED CONSOLIDATED INTERI_4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (22,653,706)	$ (2,415,630)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense	16,353,160	0
Loss on settlement of debt	124,521	0
Depreciation expense	103,411	868
Amortization of debt discount	0	1,315,644
Changes in current assets and liabilities
Prepaid expenses and other current assets	(97,996)	(87,604)
Accounts payable and accrued expenses	455,322	(100,104)
Accounts payable - related party	0	(329,621)
Net cash used in operating activities	(5,715,288)	(1,616,447)
Cash flow from investing activities
Purchases of property and equipment	(573,776)	(20,789)
Purchases of mineral properties	(6,179,873)	(3,751,012)
Net cash used in investing activities	(6,753,649)	(3,771,801)
Cash flow from financing activities
Proceeds from sale of common stock	50,270,224	9,380,000
Share issuance costs	(754,598)	0
Repayment of note payable - related party	(801,715)	0
Proceeds from exercise of options	0	631,000
Proceeds from the issuance of note payable - related party	0	(210,645)
Proceeds from note payable	0	1,150,000
Repayment of line of credit, net	0	(5,194)
Net cash provided by financing activities	48,713,911	10,945,161
Net change in cash and cash equivalents	36,244,974	5,556,913
Cash and cash equivalents, beginning of period	10,392,940	146,425
Cash and cash equivalents, end of period	46,637,914	5,703,338
Supplemental cash flow information:
Interest paid	0	6,865
Non-cash investing and financing activities:
Common stock issued for investments in mineral properties	8,780,464	1,320,000
Common stock issued for settlement of notes payable	703,647	0
Common stock issued upon conversion of note payable	0	1,450,000
Related party accounts payable converted to related party note	$ 0	$ 1,447,997

CONDENSED CONSOLIDATED INTERI_5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - 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
Issuance of previously unissued shares	$ 413	(413)	0	0
Issuance of previously unissued shares (Shares)	412,500
Cash received for unissued shares	$ 0	380,000	0	380,000
Common stock issued for cash	$ 15,000	8,985,000	0	9,000,000
Common stock issued for cash (Shares)	15,000,000
Common stock issued for investment in mineral properties	$ 750	1,319,250	0	1,320,000
Common stock issued for investment in mineral properties (Shares)	750,000
Common stock issued upon conversion of debt	$ 2,417	1,447,583	0	$ 1,450,000
Common stock issued upon conversion of debt (Shares)	2,416,667			2,416,667
Common stock issued upon exercise of options and warrants	$ 1,988	629,012	0	$ 631,000
Common stock issued upon exercise of options and warrants (Shares)	1,987,500
Common stock issued upon cashless exercise of options				631,000
Common stock issued upon cashless exercise of options (Shares)	1,987,500
Common stock issued upon cashless exercise of warrants	$ 1,052	(1,052)	0	0
Common stock issued upon cashless exercise of warrants (Shares)	1,051,467
Debt discount assigned to purchase option	$ 0	1,305,000	0	1,305,000
Debt discount on notes payable, related party	0	86,024	0	86,024
Cash dividend	0	(4,357,246)	0	(4,357,246)
Net loss for the Period	0	0	(2,415,630)	(2,415,630)
Ending Balance at Dec. 31, 2020	$ 37,974	12,576,351	(7,793,373)	4,820,952
Ending Balance (Shares) at Dec. 31, 2020	37,972,331
Beginning Balance at Sep. 30, 2020	$ 17,629	4,490,918	(6,497,343)	(1,988,796)
Beginning Balance (Shares) at Sep. 30, 2020	17,628,741
Issuance of previously unissued shares	$ 138	(138)	0	0
Issuance of previously unissued shares (Shares)	137,500
Common stock issued for cash	$ 15,000	8,985,000	0	9,000,000
Common stock issued for cash (Shares)	15,000,000
Common stock issued for investment in mineral properties	$ 750	1,319,250	0	1,320,000
Common stock issued for investment in mineral properties (Shares)	750,000
Common stock issued upon conversion of debt	$ 2,417	1,447,583	0	1,450,000
Common stock issued upon conversion of debt (Shares)	2,416,667
Common stock issued upon exercise of options and warrants	$ 1,913	605,087	0	(607,000)
Common stock issued upon exercise of options and warrants (Shares)	1,912,500
Common stock issued upon cashless exercise of options	$ 127	(127)	0	0
Common stock issued upon cashless exercise of options (Shares)	126,923
Debt discount on notes payable, related party	$ 0	86,024	0	86,024
Cash dividend	0	(4,357,246)	0	(4,357,246)
Net loss for the Period	0	0	(1,296,030)	(1,296,030)
Ending Balance at Dec. 31, 2020	$ 37,974	12,576,351	(7,793,373)	4,820,952
Ending Balance (Shares) at Dec. 31, 2020	37,972,331
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
Private placement	$ 11,203	50,259,021	0	$ 50,270,224
Private placement (Shares)	11,203,661
Common stock issued for cash				$ 22,500
Common stock issued for cash (Shares)				37,500
Common stock issued for investment in mineral properties	$ 1,833	8,778,631	0	$ 8,780,464
Common stock issued for investment in mineral properties (Shares)	1,832,600			1,832,600
Common stock issued upon conversion of debt				$ 703,647
Common stock issued upon conversion of debt (Shares)				144,612
Common stock issue upon settlement of debt	$ 145	703,502	0	$ 703,647
Common stock issue upon settlement of debt (Shares)	144,612
Share issuance costs	$ 0	(754,598)	0	(754,598)
Stock based compensation expense	$ 1,450	16,351,710	0	16,353,160
Stock based compensation expense (Shares)	1,450,000
Net loss for the Period	$ 0	0	(22,653,706)	(22,653,706)
Ending Balance at Dec. 31, 2021	$ 70,828	98,956,100	(31,196,490)	$ 67,830,438
Ending Balance (Shares) at Dec. 31, 2021	70,828,204			70,828,204
Beginning Balance at Sep. 30, 2021	$ 70,428	94,102,303	(25,755,777)	$ 68,416,954
Beginning Balance (Shares) at Sep. 30, 2021	70,428,204
Common stock issued for investment in mineral properties	$ 400	1,815,600	0	1,816,000
Common stock issued for investment in mineral properties (Shares)	400,000
Stock based compensation expense	$ 0	3,038,197	0	3,038,197
Net loss for the Period	0	0	(5,440,713)	(5,440,713)
Ending Balance at Dec. 31, 2021	$ 70,828	$ 98,956,100	$ (31,196,490)	$ 67,830,438
Ending Balance (Shares) at Dec. 31, 2021	70,828,204			70,828,204

Summary of Accounting Policies

Summary of Accounting Policies	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Accounting Policies [Text Block]	Note 1-Summary of Accounting Policies Basis of Presentation and Going Concern 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 the Company's 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 the Company's 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 the Company's exploratory programs on its mineral properties. Furthermore, the impact of the pandemic on the global economy could also negatively impact the availability and cost of future borrowings or equity financing 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 On September 10, 2021, the Company and JR Resources Corp. ("JR") entered into an Amended and Restated Agreement and Plan of Merger (as may be amended from time to time, the "merger agreement") providing for a business combination of the Company and JR. Prior to the completion of the transactions, JR will change its name to Dakota Gold Corp. ("Dakota Gold"). Under the terms of the merger agreement, after the completion of the transactions, Dakota Gold will be the parent company. In the transactions, the Company's stockholders will receive one share of Dakota Gold common stock for each share of the Company's common stock that they own at the time of the closing of the transactions. It is anticipated that, upon the closing of the transactions, the Company's former stockholders will own approximately 49% and JR's existing stockholders will own approximately 51% of the outstanding shares of Dakota Gold Corp. common stock. On February 1, 2022, the Company announced the United State Securities and Exchange Commission (the "SEC") declared effective the Company and JR's registration statement on Form S-4, filed in connection with their merger (the "Merger") pursuant to the merger agreement. The parties contemplate that, effective at, or around the time of, the completion of the transactions, Dakota Gold's common stock will be traded on the NYSE American stock exchange (the "NYSE American") under the symbol "DGC" through the "uplisting" of the Company's common stock, which currently trades on the OTCQB under the symbol "DTRC." Although the Company's has applied for listing of Dakota Gold's common stock on the NYSE American, no assurance can be given that the Company's listing application will be approved. The Company will hold a special meeting of its stockholders to consider and vote on matters necessary to complete the transactions contemplated by the merger agreement. The completion of the Merger is subject to customary closing conditions for a transaction of this nature, including securities law compliance and the approval of the Company's shareholders. Please see the Company's Management's Discussion and Analysis for further details on the merger agreement. Consolidation 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. All significant intercompany transactions and accounts have been eliminated on consolidation. Going Concern The accompanying financial statements have been prepared in conformity with U.S. GAAP which contemplates continuation of the Company as a going-concern basis. The going-concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts disclosed in the financial statements. At March 31, 2021, the Company had not generated any revenues since inception and had suffered recurring losses from operations which raised substantial doubt about its ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or obtain the necessary financing, in the form of equity or debt financing, to meet its obligations when they become due. During the period June through August 2021, the Company raised approximately $50 million in a non-brokered private placement. Management believes the proceeds are sufficient to meet its obligations as they become due for the twelve months following the filing date of these financial statements and, accordingly, substantial doubt about the Company's ability to continue as a going concern has been alleviated.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2021
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 its 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 earned a fixed consulting fee of $9,000 per month, plus approved expenses. In October 2020, the Company paid Jerikodie $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 $529,500 bearing interest at 0.25% per year. On June 1, 2021, the Company and Jerikodie settled debt of $529,544 through the payment of $376,550 and the issuance of 45,563 shares of common stock. 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 $92,045. During the three and nine months ended December 31, 2021, the Company paid Jerikodie $0 and $66,178, respectively (2020 - $27,000 and $81,000, respectively) for consulting fees, in addition to $25,000 in the nine months ended December 31, 2021, for the extinguishment of a net smelter royalty disclosed below. Effective April 15, 2021, the agreement with Jerikodie was terminated. The Company engaged a Company controlled by a family member of Mr. Aberle, for the purpose of providing general labor and during the three and nine months ended December 31, 2021, incurred approximately $23,000 and $43,000 in costs, respectively (2020 - $0). Mr. Richard Bachman was the Company's former Chief Geological Officer. 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 bore interest rates ranging from 3% to 4% per year and were 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. 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. 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 $32,476. 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 the three months ended December 31, 2020, the Company recognized amortization of the debt discount of $10,644 in interest expense, with the remaining unamortized discount to be recognized into interest expense over the remaining life of the notes using the effective interest method. The notes payable were extinguished in July 2021. During the three and nine months ended December 31, 2021, the Company incurred $0 and $6,000, respectively (2020 - $9,000 and $27,000, respectively) for consulting fees to WCM Associates, LP, an entity controlled by the Company's former CFO. Messrs. Aberle and Bachman owned a 5% net smelter return royalty on the original 84 unpatented mining claims that comprised the Blind Gold Property. In August 2021, the Company extinguished the royalty by paying Messrs. Aberle and Bachman $25,000 each. In March 2021, Jonathan Awde was appointed Chief Executive Officer and Gerald Aberle resigned as Chief Executive Officer and was appointed Chief Operating Officer. Mr. Awde is also a director and significant shareholder of the Company.

Mineral Properties

Mineral Properties	9 Months Ended
	Dec. 31, 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 and acquired the Blind Gold Property located in the Homestake District of South Dakota. In 2018 and 2019, the Company acquired additional acreage associated with the Company's City Creek Property and the Tinton Gold Camp. In 2020 and 2021, the Company increased the size of the Company's Blind Gold Property, the Tinton Property, the Poorman Anticline Property, the Ragged Top Gold Camp, the West Corridor Property, the City Creek Property and added the South Lead/Whistler Gulch Property through both acquisitions and claim staking. On October 26, 2020, the Company completed the purchase of the Maitland Gold Property from Homestake Mining Company of California ("HMCC"), 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 September 7, 2021, the Company entered into an option agreement to acquire surface rights and certain facilities in the Homestake District, South Dakota from HMCC. The agreement provides for exclusive access to three extensive historic data sets which chronicle its 145-year exploration and mining history throughout South Dakota. Under the terms of the agreement, the Company has a three-year option to acquire 4,261 acres of surface rights with attendant facilities and data held by HMCC. In consideration for the option, the Company made a cash payment of $1.3 million and issued 1 million shares of common stock to Barrick and will make annual option payments of $300,000 during the option period. The Company may exercise the option on or before September 7, 2024, by assuming all of the liabilities and bonds currently held by HMCC in the Homestake District. In addition, on exercise of the option, Dakota Territory will issue Barrick 3 million shares and grant a 2.5% NSR to Barrick with respect to any gold that may be recovered from the Grizzly Gulch property. On October 14, 2021, the Company entered into an option agreement to acquire the Richmond Hill Property in the Homestake District, South Dakota from LAC Minerals (USA) LLC and HMCC. Under the terms of the agreement, Dakota Territory has a three-year option to acquire 2,126 acres of surface and mineral rights with attendant facilities. The Company issued 400,000 shares to Barrick and will make annual option payments of $100,000 during the option period. The Company may exercise the option on or before September 7, 2024, by assuming all of the liabilities and bonds associated with the Richmond Hill Property. In addition, on exercise of the option, the Company will issue Barrick an additional 400,000 shares and grant a 1% NSR to Barrick with respect to any gold that may be recovered from the Richmond Hill Property. In total, the Company currently holds eleven brownfield project areas in the District comprised of 1,905 unpatented mining claims (32,256 unpatented acres), the Homestake Option Area (4,261 patented acres), the Richmond Hill Option Area (2,126 patented acres) and additional lands and mineral rights throughout the District (3,201 patented acres, for a combination of surface and mineral lease rights covering a total of 41,844 acres. The Company has not established that any of its projects or properties contain any proven or probable reserves under SEC S-K 1300 . As of December 31, 2021, and March 31, 2021, the cost of the Company's mineral properties totaled $20,297,409 and $5,337,072, respectively. As of December 31, 2021, the Company is in the exploration stage and has not commenced amortization of its properties.

Notes Payable

Notes Payable	9 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Notes Payable [Text Block]	Note 4-Notes Payable JR Resources Corp. In February 2020, the Company 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 included 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 bore interest at 0.25% per year, compounded annually, and was converted into shares of the Company's common stock in October 2020, as further described below. In October 2020, JR acquired 2,416,667 shares of the Company's common stock for aggregate consideration of $10,450,000, consisting of $9,000,000 in cash and $1,450,000 upon conversion of the principal amount of the promissory note issued in May 2020. In connection with the conversion, the Company recognized the remaining $1,036,849 of unamortized debt discount as interest expense. For the three and nine months ended December 31, 2020, the Company recognized additional interest expense of approximately $1,047,000 and $1,316,000, respectively, related to amortization of debt discount. On January 20, 2021, the Company borrowed $300,000 from JR on an unsecured basis. On the occurrence of the final closing of the proposed merger, the unpaid principal of the loan was 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 the Company's common stock for aggregate consideration of $10,935,000, consisting of $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 increased JR's common stock ownership above 50%.

Property and Equipment

Property and Equipment	9 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	Note 5-Property and Equipment As of December 31, 2021, and March 31, 2021, the Company's property and equipment consists of the following: Estimated December 31, 2021 March 31, 2021 Land $ 70,000 $ 70,000 Building 39 630,798 503,711 Furniture and equipment 3 - 5 621,862 330,125 Vehicles 5 154,952 - 1,477,612 903,836 Less accumulated depreciation (136,503 ) (33,092 ) Property and equipment, net $ 1,341,109 $ 870,744 Depreciation expense for the three and nine months ended December 31, 2021, was $45,136 and $103,411, respectively. Depreciation expense for the three and nine months ended December 31, 2020, was $744 and $868, respectively.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity [Text Block]	Note 6-Shareholders' Equity Common Stock The Company's 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"). On July 21, 2021, the Company issued 8,734,611 shares of common stock at a price of $4.50 per common share, for gross proceeds of $39,305,750 in connection with the second tranche of the non-brokered Private Placement. 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, the Company issued a total of 11,166,161 common shares for total gross proceeds of $50,247,725. Robert Quartermain, a director and Co-Chair of the Company, purchased 50,000 common shares in the Private Placement. The Company paid a total of $754,598 in share issuance costs related to the Private Placement. During the nine months ended December 31, 2021, the Company also issued (i) 1,832,600 shares of common stock valued at $8,780,464 for investment in mineral properties (see Note 3 for additional discussion), (ii) 144,612 shares of common stock valued at $703,647 for settlements of debt (see Note 2 for additional discussion), and (iii) 1,450,000 shares of common stock valued at $7,177,500 to directors, employees and consultants to the Company and (iv) 37,500 shares of common stock for cash consideration of $22,500. During the nine months ended December 31, 2021, the Company recognized $7,177,500 of stock-based compensation ($1,361,250 being allocated to exploration costs and $5,816,250 being allocated to general and administrative expenses). Of the 1,450,000 shares of common stock issued as share-based compensation, 400,000 shares vested on June 4, 2021, and the remaining 1,050,000 shares will vest on June 4, 2022. The share-based compensation expense on the unvested bonus shares is being amortized on a straight-line basis until the vest date. During the nine months ended December 31, 2020, the Company issued (i)) 15,412,500 shares of common stock for $9,000,000; (ii) 1,987,500 shares of common stock for $631,000 upon the exercise of stock options and warrants; (iii) 1,051,467 shares upon cashless exercise of stock options and warrants; (iv) 750,000 shares of common stock valued at $1,320,000 for investment in mineral properties (see Note 4 for further discussion); and (v) 2,416,667 shares of common stock upon conversion of notes payable balances totaling $1,450,000 (See Note 2 for further discussion). On November 13, 2020, the Company declared a special cash dividend of $0.22 per common share, totaling $4,357,246, to holders of record of 19,805,664 shares of common stock. Such dividend was paid in January 2021. As of December 31, 2021, there were 70,828,204 shares of the Company's common stock outstanding. Common Stock Options, Restricted Stock Units and Warrants 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. 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 December 31, 2021, a total of 2,103,750 shares of the Company's common stock remained available for future grants under the 2021 Stock Incentive Plan. 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 a period of up to two years. A summary of the Company's stock option activity and related information for the period ended December 31, 2021, is as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Aggregate Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.86 $ 285,000 Options granted 2,571,250 4.77 4.46 Options forfeited/cancelled (41,667 ) 2.63 Outstanding as of December 31, 2021 3,354,583 $ 4.06 4.37 $ 2,088,500 Options exercisable as of December 31, 2021 932,083 $ 4.41 4.35 During the nine months ended December 31, 2021, the Company estimated the fair value of each stock option to have a weighted average grant date fair value of $2.90 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: (i) risk-free interest rate ranging from 0.39% - 1.28%, (ii) estimated volatility between 82.61% and 95.82%, (iii) dividend yield of 0%, and (iv) expected life of 4.08 to 5 years. On October 18, 2021, the Company granted 300,000 stock options to an employee at an exercise price of $4.64 per option, with a grant date fair value of $3.31 per share and vesting over a period of 24 months. The share-based compensation expense for the stock options will be allocated to exploration expenses. On September 13, 2021, the Company granted 200,000 stock options to certain directors at an exercise price of $5.09 per option, with a grant date fair value of $3.71 per share and vesting over a period of 24 months. The share-based compensation expense for the stock options will be allocated to general and administrative expenses. On May 17, 2021, the Company granted 2,071,500 stock options to officers, directors and consultants at an exercise price of $4.76 per option, with a grant date fair value of $3.39 per share and vesting over a period of 24 months. The share-based compensation expense for the stock options will be allocated to general and administrative and exploration expenses. The Company recognized stock-based compensation related to issuance of stock options totaling $6,025,440 ($1,574,372 being allocated to exploration costs and $4,451,068 being allocated to administrative expenses) during the nine months ended December 31, 2021. As of December 31, 2021, the unrecognized compensation cost related to unvested options was $3,608,802. No stock-based compensation was recognized by the Company during the nine months ended December 31, 2020. On June 4, 2021, the Company issued 1,050,000 restricted stock units ("RSU's") with a grant date fair value of $5.01 per share to certain directors, officers, employees and consultants and vesting on June 4, 2022. On October 18, 2021, the Company issued 125,000 RSUs with a grant date fair value of $4.64 per share and vesting on June 4, 2022. The share-based compensation expense for the RSUs will be allocated to exploration expenses. For the three months ended December 31, 2021, $187,424 was allocated to exploration expenses pursuant to these grants. There were no warrants outstanding as of December 31, 2021, and March 31, 2021.

Fair Value Accounting

Fair Value Accounting	9 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Accounting [Text Block]	Note 7-Fair Value Accounting The carrying value of cash and accounts payable approximate fair value.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation and Going Concern 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 the Company's 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 the Company's 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 the Company's exploratory programs on its mineral properties. Furthermore, the impact of the pandemic on the global economy could also negatively impact the availability and cost of future borrowings or equity financing 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 On September 10, 2021, the Company and JR Resources Corp. ("JR") entered into an Amended and Restated Agreement and Plan of Merger (as may be amended from time to time, the "merger agreement") providing for a business combination of the Company and JR. Prior to the completion of the transactions, JR will change its name to Dakota Gold Corp. ("Dakota Gold"). Under the terms of the merger agreement, after the completion of the transactions, Dakota Gold will be the parent company. In the transactions, the Company's stockholders will receive one share of Dakota Gold common stock for each share of the Company's common stock that they own at the time of the closing of the transactions. It is anticipated that, upon the closing of the transactions, the Company's former stockholders will own approximately 49% and JR's existing stockholders will own approximately 51% of the outstanding shares of Dakota Gold Corp. common stock. On February 1, 2022, the Company announced the United State Securities and Exchange Commission (the "SEC") declared effective the Company and JR's registration statement on Form S-4, filed in connection with their merger (the "Merger") pursuant to the merger agreement. The parties contemplate that, effective at, or around the time of, the completion of the transactions, Dakota Gold's common stock will be traded on the NYSE American stock exchange (the "NYSE American") under the symbol "DGC" through the "uplisting" of the Company's common stock, which currently trades on the OTCQB under the symbol "DTRC." Although the Company's has applied for listing of Dakota Gold's common stock on the NYSE American, no assurance can be given that the Company's listing application will be approved. The Company will hold a special meeting of its stockholders to consider and vote on matters necessary to complete the transactions contemplated by the merger agreement. The completion of the Merger is subject to customary closing conditions for a transaction of this nature, including securities law compliance and the approval of the Company's shareholders. Please see the Company's Management's Discussion and Analysis for further details on the merger agreement. Consolidation 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. All significant intercompany transactions and accounts have been eliminated on consolidation. Going Concern The accompanying financial statements have been prepared in conformity with U.S. GAAP which contemplates continuation of the Company as a going-concern basis. The going-concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts disclosed in the financial statements. At March 31, 2021, the Company had not generated any revenues since inception and had suffered recurring losses from operations which raised substantial doubt about its ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or obtain the necessary financing, in the form of equity or debt financing, to meet its obligations when they become due. During the period June through August 2021, the Company raised approximately $50 million in a non-brokered private placement. Management believes the proceeds are sufficient to meet its obligations as they become due for the twelve months following the filing date of these financial statements and, accordingly, substantial doubt about the Company's ability to continue as a going concern has been alleviated.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated December 31, 2021 March 31, 2021 Land $ 70,000 $ 70,000 Building 39 630,798 503,711 Furniture and equipment 3 - 5 621,862 330,125 Vehicles 5 154,952 - 1,477,612 903,836 Less accumulated depreciation (136,503 ) (33,092 ) Property and equipment, net $ 1,341,109 $ 870,744

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Dec. 31, 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 Aggregate Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.86 $ 285,000 Options granted 2,571,250 4.77 4.46 Options forfeited/cancelled (41,667 ) 2.63 Outstanding as of December 31, 2021 3,354,583 $ 4.06 4.37 $ 2,088,500 Options exercisable as of December 31, 2021 932,083 $ 4.41 4.35

Summary of Accounting Policie_2

Summary of Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	May 13, 2021	Aug. 31, 2021	Sep. 10, 2021
Class of Stock [Line Items]
Proceeds from private placement		$ 50
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.
Percentage of outstanding shares of common stock			51.00%
JR Resources Corp [Member]
Class of Stock [Line Items]
Percentage of outstanding shares of common stock			49.00%

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	Jun. 01, 2021	Aug. 31, 2021	Jul. 31, 2021	Dec. 31, 2020	Oct. 31, 2020	Jun. 30, 2020	Oct. 31, 2005	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Feb. 29, 2012
Related Party Transaction [Line Items]
Interest rate					0.25%
Loss on settlement								$ 0	$ 0	$ 124,521	$ 0
Imputed interest rate on note payable					5.00%
Discount at issuance					$ 86,024
Amortization of the debt discount									10,644
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								0	27,000	66,178	81,000
Interest rate					0.25%
Settled debt amount	$ 529,544
Repayments of debt	$ 376,550
Number of shares issued	45,563
Loss on settlement	$ 92,045
Related party costs								23,000	0	43,000
Net smelter royalty										25,000
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%
Repayments of debt			$ 425,165	$ 145,000
Number of shares issued			99,049
Loss on settlement			$ 32,476
Unsecured loans					$ 795,500
Repayments of unsecured debt						$ 40,145
Accrued interest						$ 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								$ 0	$ 9,000	$ 6,000	$ 27,000

Mineral Properties (Narrative)

Mineral Properties (Narrative) (Details)	Oct. 14, 2021USD ($)ashares	Sep. 07, 2021USD ($)ashares	Oct. 31, 2020	Oct. 26, 2020USD ($)$ / sharesshares	Dec. 31, 2021USD ($)a	Dec. 31, 2020USD ($)	Mar. 31, 2021USD ($)
Property, Plant and Equipment [Line Items]
Area of land | a					41,844
Payment to purchase mineral property					$ 6,179,873	$ 3,751,012
Percentage of net smelter return royalty owned			5.00%
Mineral properties					$ 20,297,409		$ 5,337,072
Richmond Hill Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a					2,126
Surface Rights And Certain Residual Facilities [Member]
Property, Plant and Equipment [Line Items]
Area of land | a					3,201
Homestake Gold Mine [Member]
Property, Plant and Equipment [Line Items]
Area of land | a					4,261
Nine Brownfield Project Areas [Member]
Property, Plant and Equipment [Line Items]
Unpatented claims held					$ 1,905
Area of land | a					32,256
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%
Barrick Gold Corporation [Member] | Richmond Hill Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	2,126
Stock issued during period, shares, purchase of assets | shares	400,000
Asset acquisition, consideration transferred	$ 100,000
Additional shares to be issued upon exercise of option | shares	400,000
Percentage of net smelter return royalty owned	1.00%
Barrick Gold Corporation [Member] | Surface Rights And Certain Residual Facilities [Member]
Property, Plant and Equipment [Line Items]
Area of land | a		4,261
Payment to purchase mineral property		$ 1,300,000
Stock issued during period, shares, purchase of assets | shares		1,000,000
Asset acquisition, consideration transferred		$ 300,000
Additional shares to be issued upon exercise of option | shares		3,000,000
Percentage of net smelter return royalty owned		2.50%

Notes Payable (Narrative) (Deta

Notes Payable (Narrative) (Details) - USD ($)	1 Months Ended				3 Months Ended		9 Months Ended
	Mar. 31, 2021	Oct. 31, 2020	May 31, 2020	Feb. 29, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jan. 20, 2021	Oct. 15, 2020
Debt Instrument [Line Items]
Percentage of interest rate on unsecured promissory note		0.25%
Unamortized debt discount as interest expense		$ 86,024
Interest expense related to amortization of debt discount						$ 10,644
Number of shares of common stock converted for principal amount of a promissory note							144,612	2,416,667
Aggregate consideration						$ 1,450,000	$ 703,647	$ 1,450,000
JR Resources Corp [Member]
Debt Instrument [Line Items]
Unamortized debt discount as interest expense										$ 1,036,849
Interest expense related to amortization of debt discount					$ 1,047,000		$ 1,316,000
Unsecured debt									$ 300,000
Number of shares of common stock converted for principal amount of a promissory note	18,225,000	2,416,667
Aggregate consideration	$ 10,935,000	$ 10,450,000
Cash received from issuance of shares	10,635,000	9,000,000
Conversion of principal amount of a promissory note	$ 300,000	$ 1,450,000
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

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 45,136	$ 744	$ 103,411	$ 868

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	9 Months Ended
	Dec. 31, 2021	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,477,612	$ 903,836
Less accumulated depreciation	(136,503)	(33,092)
Property and equipment, net	1,341,109	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	$ 630,798	503,711
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 621,862	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	$ 154,952	$ 0

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($)	Sep. 13, 2021	Aug. 02, 2021	Jun. 04, 2021	Nov. 13, 2020	Oct. 18, 2021	Jul. 21, 2021	Jun. 23, 2021	May 17, 2021	Dec. 31, 2021	Aug. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Mar. 31, 2021	Mar. 11, 2021	Sep. 30, 2020	Mar. 31, 2020	Jan. 25, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized									75,000,000			75,000,000			75,000,000
Common Stock, Par or Stated Value Per Share									$ 0.001			$ 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
Proceeds from private placement										$ 50,000,000
Share issuance costs												$ 754,598	$ 0
Cash received for unissued shares													380,000
Common stock issued for investment in mineral properties (Shares)												1,832,600
Common stock issued for investment in mineral properties									$ 1,816,000		$ 1,320,000	$ 8,780,464	$ 1,320,000
Common stock issued upon conversion of debt (Shares)												144,612	2,416,667
Common stock issued upon conversion of debt											1,450,000	$ 703,647	$ 1,450,000
Special cash dividend, per common share				$ 0.22
Dividends, cash				$ 4,357,246
Common stock dividends, shares				19,805,664
Stock-based compensation expense related to bonus												$ 7,177,500
Bonus shares issued to directors, employees and consultants (Shares)												1,450,000
Bonus shares issued to directors, employees and consultants												$ 7,177,500
Common stock issued for cash (Shares)												37,500
Common stock issued for cash											9,000,000	$ 22,500	$ 9,000,000
Cashless exercise of stock options and warrants (Shares)													1,051,467
Common stock issued upon cashless exercise of options											$ 0		$ 631,000
Stock-based compensation expense related to issuance of stock options												$ 6,025,440
Common Stock, Shares, Outstanding									70,828,204			70,828,204			56,197,331
Weighted average grant date fair value of stock options									$ 2.90			$ 2.90
Dividend yield												0.00%
Unrecognized compensation cost related to unvested options									$ 3,608,802			$ 3,608,802
Exploration expense												$ 187,424
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received for unissued shares													$ 0
Common stock issued for investment in mineral properties (Shares)									400,000		750,000	1,832,600	750,000
Common stock issued for investment in mineral properties									$ 400		$ 750	$ 1,833	$ 750
Common stock issued upon conversion of debt (Shares)											2,416,667		2,416,667
Common stock issued upon conversion of debt											$ 2,417		$ 2,417
Common stock issued for cash (Shares)											15,000,000		15,000,000
Common stock issued for cash											$ 15,000		$ 15,000
Common stock issued upon cashless exercise of options (Shares)											126,923		1,987,500
Common stock issued upon cashless exercise of options											$ 127
Common Stock, Shares, Outstanding									70,828,204		37,972,331	70,828,204	37,972,331	70,428,204	56,197,331		17,628,741	16,354,197
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted	200,000
Weighted average exercise price of options granted	$ 5.09
Stock options, grants in period, grant date fair value	3.71
Officers, directors and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted								2,071,500
Weighted average exercise price of options granted								$ 4.76
Stock options, grants in period, grant date fair value								$ 3.39
June 4, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of bonus shares vested												400,000
June 4, 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of bonus shares vested												1,050,000
Non-brokered private placement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in private placement												11,166,161
Proceeds from private placement												$ 50,247,725
Share issuance costs												$ 754,598
Non-brokered private placement [Member] | First tranche [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued, price per share							$ 4.50
Proceeds from private placement							$ 10,399,500
Common stock issued for cash (Shares)							2,311,000
Non-brokered private placement [Member] | Second tranche [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in private placement						8,734,611
Shares issued, price per share						$ 4.50
Proceeds from private placement						$ 39,305,750
Non-brokered private placement [Member] | Final Tranche [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in private placement		120,550
Shares issued, price per share		$ 4.50
Proceeds from private placement		$ 542,475
Non-brokered private placement [Member] | Robert Quartermain [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued in private placement												50,000
Employee stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted					300,000
Stock options, grants in period, grant date fair value					$ 3.31
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 related to issuance of stock options												1,574,372
Weighted average exercise price of options granted	$ 4.64
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 related to issuance of stock options												$ 4,451,068
Omnibus Incentive plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding																			75,000
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																2,103,750
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		125,000
Stock options, grants in period, grant date fair value					$ 4.64
Restricted stock units ("RSU's") | Directors, employees and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, grants in period, grant date fair value			$ 5.01
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate												0.39%
Estimated volatility												82.61%
Expected life												4 years 29 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate												1.28%
Estimated volatility												95.82%
Expected life												5 years

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of share-based compensation, stock options, activity (Details) - Employee Stock Option [Member] - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 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 4 months 13 days	4 years 10 months 9 days
Aggregate Intrinsic Value, beginning balance	$ 285,000
Number of share options granted in share-based payment arrangement	2,571,250
Weighted average exercise price of share options granted in share-based payment arrangement	$ 4.77
Options granted, weighted average remaining contractual life	4 years 5 months 15 days
Number of share options forfeited/cancelled in share-based payment arrangement	(41,667)
Weighted average exercise price of share options forfeited/cancelled in share-based payment arrangement	$ 2.63
Number of share options outstanding in share-based payment arrangement at end of period	3,354,583	825,000
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period	$ 4.06	$ 1.77
Aggregate Intrinsic Value, Ending balance	$ 2,088,500	$ 285,000
Options exercisable	932,083
Options exercisable, weighted average exercise price	$ 4.41
Options exercisable, weighted average remaining contractual term	4 years 4 months 6 days