Dakota Gold (DC) 10-Q 8 Nov 22 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2022	Nov. 08, 2022
Cover [Abstract]
Registrant Name	Dakota Gold Corp.
Registrant CIK	0001852353
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Entity File Number	000-41349
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	85-3475290
Entity Address, Address Line One	106 Glendale Drive
Entity Address, City or Town	Suite A, Lead
Entity Address, State or Province	SD
Entity Address, Postal Zip Code	57754
City Area Code	605
Local Phone Number	717-2540
Title of 12(g) Security	Common Stock, par value $0.001
Trading Symbol	DC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		73,178,251
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Document Transition Report	false

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Current assets
Cash and cash equivalents	$ 28,068,497	$ 41,401,116
Receivables	100,121	94,807
Prepaid expenses and other current assets	771,249	376,689
Total current assets	28,939,867	41,872,612
Non-current assets
Mineral rights and properties	78,492,274	76,962,958
Property and equipment, net	1,290,036	1,229,012
Other assets	20,000	20,000
Total assets	108,742,177	120,084,582
Current liabilities
Accounts payable and accrued liabilities	2,033,968	2,537,154
Total current liabilities	2,033,968	2,537,154
Non-current liabilities
Deferred tax liability	1,953,112	3,713,023
Total liabilities	3,987,080	6,250,177
Stockholders' equity
Common stock, par value $0.001; 144,302,330 shares authorized, 72,178,251 and 70,850,395 shares issued and outstanding as of September 30, 2022 and March 31, 2022, respectively	72,178	70,850
Additional paid-in capital	104,001,699	100,697,655
Retained earnings	681,220	13,065,900
Total stockholders' equity	104,755,097	113,834,405
Total liabilities and stockholders' equity	$ 108,742,177	$ 120,084,582

CONDENSED CONSOLIDATED INTERI_2

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	144,302,330	144,302,330
Common Stock, Shares, Issued	72,178,251	70,850,395
Common Stock, Shares, Outstanding	72,178,251	70,850,395

CONDENSED CONSOLIDATED INTERI_3

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating expenses
Exploration expenses	$ 4,677,900	$ 1,875,085	$ 8,449,417	$ 4,058,726
General and administrative expenses	2,396,284	3,298,785	5,704,945	14,027,533
Loss from operations	(7,074,184)	(5,173,870)	(14,154,362)	(18,086,259)
Other income (expenses)
Foreign exchange gain (loss)	(113,171)	22,189	(80,299)	8,783
Loss on settlement of debt	0	(32,476)	0	(124,521)
Interest income	70,213	6,097	90,070	6,334
Interest expense	0	0	0	(101)
Total other income (expenses)	(42,958)	(4,190)	9,771	(109,505)
Loss before income taxes	(7,117,142)	(5,178,060)	(14,144,591)	(18,195,764)
Deferred tax benefit	541,187	174,980	1,759,911	349,960
Net loss	(6,575,955)	(5,003,080)	(12,384,680)	(17,845,804)
Less: Net loss attributable to non-controlling interest	0	(2,364,318)	0	(6,912,365)
Net loss attributable to owners of the Company	$ (6,575,955)	$ (2,638,762)	$ (12,384,680)	$ (10,933,439)
Basic loss per share	$ (0.09)	$ (0.05)	$ (0.17)	$ (0.22)
Diluted loss per share	$ (0.09)	$ (0.05)	$ (0.17)	$ (0.22)
Weighted average number of basic shares of common stock outstanding	72,030,959	49,398,602	71,702,551	49,232,345
Weighted average number of diluted shares of common stock outstanding	72,030,959	49,398,602	71,702,551	49,232,345

CONDENSED CONSOLIDATED INTERI_4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (12,384,680)	$ (17,845,804)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	101,650	58,261
Loss on settlement of debt	0	124,521
Stock-based compensation expense	2,610,869	13,314,963
Deferred tax benefit	(1,759,911)	(349,960)
Changes in current assets and liabilities:
Receivables	(5,314)	(17,055)
Prepaid expenses and other current assets	(394,560)	(66,652)
Accounts payable and accrued liabilities	(503,186)	341,948
Accounts payable - related party	0	(3,000)
Net cash used in operating activities	(12,335,132)	(4,442,778)
Cash flows from investing activities
Purchases of property and equipment	(162,674)	(262,880)
Purchases of mineral rights and properties	(854,316)	(3,285,316)
Cash used in investing activities	(1,016,990)	(3,548,196)
Cash flows from financing activities
Issuance of common stock, net of issuance costs	0	351,075
Proceeds from sale of DTRC common stock	0	49,515,626
Proceeds from exercise of stock options	12,000	0
Proceeds from exercise of warrants	7,503	0
Payments on notes payable - related parties	0	(801,715)
Cash provided by financing activities	19,503	49,064,986
Net change in cash and cash equivalents	(13,332,619)	41,074,012
Cash and cash equivalents, beginning of period	41,401,116	11,444,668
Cash and cash equivalents, end of period	28,068,497	52,518,680
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for purchase of mineral properties	675,000	12,341,028
Common stock issued for settlement of notes payable	$ 0	$ 703,647

CONDENSED CONSOLIDATED INTERI_5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Non-Controlling Interest [Member]	Total
Beginning Balance at Mar. 31, 2021	$ 48,699	$ 12,092,157	$ 25,679,461	$ 21,183,613	$ 59,003,930
Beginning Balance (Shares) at Mar. 31, 2021	48,698,602
Common stock issued for cash, net of issuance costs	$ 700	350,375			351,075
Common stock issued for cash, net of issuance costs (Shares)	700,000
DTRC common stock issued				10,399,500	10,399,500
Cash received for unissued DTRC shares of common stock				6,496,031	6,496,031
Common stock issued for purchase of mineral properties				1,119,467	1,119,467
DTRC common stock issued upon conversion of debt				223,259	223,259
Stock-based compensation expense				10,604,248	10,604,248
Change in non-controlling interest		14,794,682		(14,794,682)
Net loss for the period			(8,294,677)	(4,548,047)	(12,842,724)
Ending Balance at Jun. 30, 2021	$ 49,399	27,237,214	17,384,784	30,683,389	75,354,786
Ending Balance (Shares) at Jun. 30, 2021	49,398,602
Beginning Balance at Mar. 31, 2021	$ 48,699	12,092,157	25,679,461	21,183,613	59,003,930
Beginning Balance (Shares) at Mar. 31, 2021	48,698,602
Ending Balance at Sep. 30, 2021	$ 49,399	41,910,612	14,746,022	55,301,898	112,007,931
Ending Balance (Shares) at Sep. 30, 2021	49,398,602
Beginning Balance at Jun. 30, 2021	$ 49,399	27,237,214	17,384,784	30,683,389	75,354,786
Beginning Balance (Shares) at Jun. 30, 2021	49,398,602
DTRC common stock issued				32,620,125	32,620,125
Common stock issued for purchase of mineral properties				5,844,997	5,844,997
DTRC common stock issued upon conversion of debt				480,388	480,388
Stock-based compensation expense				2,710,715	2,710,715
Change in non-controlling interest		14,673,398		(14,673,399)
Net loss for the period			(2,638,762)	(2,364,318)	(5,003,080)
Ending Balance at Sep. 30, 2021	$ 49,399	41,910,612	14,746,022	$ 55,301,898	112,007,931
Ending Balance (Shares) at Sep. 30, 2021	49,398,602
Beginning Balance at Mar. 31, 2022	$ 70,850	100,697,655	13,065,900		$ 113,834,405
Beginning Balance (Shares) at Mar. 31, 2022	70,850,395				70,850,395
Common stock issued for restricted stock units ("RSUs")	$ 800	(800)
Common stock issued for restricted stock units ("RSUs") (Shares)	800,000
Common stock issued for exercise of options	$ 37	11,963			$ 12,000
Common stock issued for exercise of options (Shares)	37,500
Common stock issued for purchase of mineral properties	$ 307	(307)
Common stock issued for purchase of mineral properties (Shares)	306,749
Stock-based compensation expense		1,922,517			1,922,517
Net loss for the period			(5,808,725)		(5,808,725)
Ending Balance at Jun. 30, 2022	$ 71,994	102,631,028	7,257,175		109,960,197
Ending Balance (Shares) at Jun. 30, 2022	71,994,644
Beginning Balance at Mar. 31, 2022	$ 70,850	100,697,655	13,065,900		$ 113,834,405
Beginning Balance (Shares) at Mar. 31, 2022	70,850,395				70,850,395
Common stock issued for restricted stock units ("RSUs") (Shares)	800,000
Common stock issued for exercise of options (Shares)	37,500				37,500
Common stock issued for exercise of warrants (Shares)	3,607
Common stock issued for purchase of mineral properties		1,500,000			$ 675,000
Common stock issued for purchase of mineral properties (Shares)	306,749				180,000
Ending Balance at Sep. 30, 2022	$ 72,178	104,001,699	681,220		$ 104,755,097
Ending Balance (Shares) at Sep. 30, 2022	72,178,251				72,178,251
Beginning Balance at Jun. 30, 2022	$ 71,994	102,631,028	7,257,175		$ 109,960,197
Beginning Balance (Shares) at Jun. 30, 2022	71,994,644
Common stock issued for exercise of warrants	$ 4	7,499			7,503
Common stock issued for exercise of warrants (Shares)	3,607
Common stock issued for purchase of mineral properties	$ 180	674,820			675,000
Common stock issued for purchase of mineral properties (Shares)	180,000
Stock-based compensation expense		688,352			688,352
Net loss for the period			(6,575,955)		(6,575,955)
Ending Balance at Sep. 30, 2022	$ 72,178	$ 104,001,699	$ 681,220		$ 104,755,097
Ending Balance (Shares) at Sep. 30, 2022	72,178,251				72,178,251

Summary of Accounting Policies

Summary of Accounting Policies	6 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Accounting Policies [Text Block]	Note 1-Summary of Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements ("interim financial statements") of Dakota Gold Corp. ("we", "us", "our", the "Company", "Dakota Gold") 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, 2022, as filed with the SEC on June 28, 2022. 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, 2022, 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. DTRC Merger Transaction On September 10, 2021, the Company and Dakota Territory Resource Corp. ("DTRC") entered into an Amended and Restated Agreement and Plan of Merger (the "merger agreement") providing for the acquisition of the non-controlling interest of DTRC where the Company would acquire the remaining shares (not previously owned) of DTRC for an equal number of shares of the Company and DTRC would merge into a subsidiary of the Company (the "DTRC Merger" or the "DTRC Transaction"). The DTRC Merger was approved by the stockholders of DTRC at a Special Meeting of Stockholders and closed with an effective date of March 31, 2022. Pursuant to the merger agreement, the DTRC stockholders received one share of Dakota Gold common stock for each share of DTRC's common stock owned at the time of the closing. After the closing, the former stockholders of DTRC and the Company owned approximately 49% and 51%, respectively, of the combined entity. Basis of Consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries at the end of the reporting periods as follows: Incorporation Percentage owned 2022 2021 DTRC LLC USA 100% 63% JR Resources (Canada) Services Corp. Canada 100% 100% Dakota Gold Holdings LLC USA 100% N/A Dakota Gold (Canada) Services Corp. Canada 100% N/A All significant intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation.

Mineral Rights and Properties

Mineral Rights and Properties	6 Months Ended
	Sep. 30, 2022
Mineral Industries Disclosures [Abstract]
Mineral Rights and Properties [Text Block]	Note 2 - Mineral Rights and 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, DTRC acquired additional acreage associated with DTRC's City Creek Property and the Tinton Gold Property. In 2020 and 2021, DTRC increased the size of the DTRC's Blind Gold Property, the Tinton Property, the Poorman Anticline Property, the Ragged Top Gold Project, the West Corridor Property, the City Creek Property and added the South Lead/Whistler Gulch Property through a combination of 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, DTRC paid Barrick $3.5 million in cash and issued 750,000 shares of DTRC's common stock valued at $1.76 per share, for total consideration of $4.82 million. Additionally, Barrick retained a 2.5% net smelter return ("NSR") 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, DTRC 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, DTRC made a cash payment of $1.3 million and issued 1 million shares of DTRC common stock valued at $4,850,000 to Barrick and is making annual option payments of $300,000 during the option period. DTRC 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, the Company will issue Barrick 3 million shares of common stock and grant a 2.5% NSR to Barrick with respect to any gold that may be recovered only from the Grizzly Gulch property. On October 14, 2021, the Company entered into an option agreement to acquire Barrick's interest in the Richmond Hill Property in the Homestake District, South Dakota from LAC Minerals (USA) LLC and HMCC. Under the terms of the agreement, the Company has an option to acquire 2,126 acres of surface and mineral rights with attendant facilities. The Company issued 400,000 DTRC shares of common stock valued at $1,816,000 to Barrick and will make annual option payments of $100,000 during the option period. The option period was originally through September 7, 2024, but in September 2022, the Company amended the option agreement to extend the period during which the Company may exercise the option. As amended, the Company may exercise the option on or before March 7, 2026, by assuming all the liabilities and bonds associated with the Richmond Hill Property. The Company issued 180,000 shares of common stock in consideration for the amendment to the option term. In addition, on exercise of the option, the Company will issue Barrick an additional 400,000 shares of common stock and grant a 1% NSR to Barrick with respect to any gold that may be recovered from the Richmond Hill Property. On September 8, 2022, the Company and i ts wholly-owned subsidiary DTRC LLC, entered into a first amendment (the "amended option agreement") to the option agreement for purchase and sale of real property dated October 14, 2021 to acquire LAC Minerals (USA) LLC ("LAC") and HMCC's Richmond Hill Property in the Homestake District, South Dakota. The extension gives the Company further optionality in its exploration at the Richmond Hill Property. Other terms and obligation within the original option agreement will remain unchanged. In total, the Company currently holds eleven brownfield project areas in the district comprised of 1,931 unpatented mining claims (33,475 unpatented acres), the Homestake Option Area (4,261 patented acres), Barrick's interest in the Richmond Hill Option Area (2,615 patented acres) and additional lands and mineral rights throughout the district (5,859 patented acres) for a combination of surface and mineral lease rights covering a total of 46,210 acres. The Company has not established that any of its projects or properties contain proven or probable mineral reserves under Regulation S-K Subpart 1300 ("S-K 1300"). During the six-month period ending September 30, 2022 the company acquired additional mineral properties totaling $1,529,316, which consisted of payments of $ 854,316 in cash and the issuance of 180,000 shares of common stock with a value of $675,000. As of September 30, 2022 and March 31, 2022, the carrying cost of the Company's mineral properties totaled $78,492,274 and $76,962,958, respectively. As of September 30, 2022, the Company is in the exploration stage and has not commenced amortization of its properties. The Company will capitalize certain costs to its projects when the costs can be specifically attributable to a project, or when it is reasonable to allocate those costs. General regional exploration costs are not allocated to specific properties.

Property and Equipment

Property and Equipment	6 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	Note 3 - Property and Equipment As of September 30, 2022 and March 31, 2022, the Company's property and equipment consists of the following: Estimated September 30, March 31, Land $ 70,000 $ 70,000 Building 39 739,122 699,975 Furniture and equipment 3 to 5 749,660 626,133 1,558,782 1,396,108 Less accumulated depreciation (268,746 ) (167,096 ) $ 1,290,036 $ 1,229,012 Depreciation expense for the three and six months ended September 30, 2022 was $53,622 and $101,650, respectively (three and six months ended September 30, 2021 - $30,600 and $58,261, respectively).

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Sep. 30, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities [Text Block]	Note 4 - Accounts Payable and Accrued Liabilities As of September 30, 2022 and March 31, 2022, the Company's accounts payable and accrued liabilities consists of the following: September 30, March 31, 2022 Trade payables $ 1,402,849 $ 2,051,569 Accrued liabilities 606,215 467,965 Other 24,904 17,620 $ 2,033,968 $ 2,537,154

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity [Text Block]	Note 5 - Stockholders' Equity Common Stock The holders of common stock are entitled to one vote per share with respect to all matters required by law to be submitted to stockholders. The holders of common stock have the sole right to vote. The common stock does not have any cumulative voting, pre-emptive, subscription or conversion rights. Election of directors requires the affirmative vote of a plurality of common stock represented at a meeting, and other general stockholder action (other than an amendment to our Articles of Incorporation) requires the affirmative vote of the majority of shares represented at a meeting in which a quorum is represented. The outstanding shares of common stock are validly issued, fully paid and non-assessable. In connection with the domestication process on May 22, 2020, the Company changed its share capital structure from unlimited authorized shares of common stock without par value to 144,302,330 authorized shares of common stock, with a par value of $0.001 per share. Share Issuances during the six months ended September 30, 2022 During the six months ended September 30, 2022, the Company issued (i) 37,500 shares of common stock pursuant to an exercise of stock options for proceeds of $12,000, (ii) 306,749 shares of common stock valued at $1,500,000 (included in additional paid-in capital as at March 31, 2022) and 180,000 shares of common stock valued at $675,000, in connection with the amendment to the Richmond Hill Option agreement (Note 2), (iii) 3,607 shares of common stock pursuant to an exercise of warrants for proceeds of $7,503 and (iv) 800,000 shares of common stock (see "RSU" below) to employees of the Company for the settlement of RSUs which vested on June 4, 2022. An additional 350,000 RSUs vested on the same date, but the related shares of common stock have not been issued as at November 8, 2022. Share Issuances during the six months ended September 30, 2021 During the six months ended September 30, 2021, the Company issued 505,050 units at a weighted average price of $1.39 per unit for proceeds of $700,000 through various private placements. Each unit consists of one share of the Company's common stock (505,050 total shares of common stock) and one-half warrant (252,525 total warrants). Each whole warrant entitles the holder thereof to purchase, upon exercise, one share of the Company's common stock for $2.08 per share for a period expiring on March 15, 2026. In connection with the private placements, the Company incurred aggregate expenses of $381,428. DTRC Share Issuances during the six months ended September 30, 2021 On June 23, 2021, DTRC issued 2,311,000 shares of common stock at a price of $4.50 per share of common stock, 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, DTRC issued 8,734,611 shares of common stock at a price of $4.50 per share, for gross proceeds of $39,305,750 in connection with the second tranche of the non-brokered Private Placement. On August 2, 2021, DTRC entered into a series of substantially similar subscription agreements, pursuant to which DTRC issued and sold to certain investors, in the final tranche of the Private Placement, an aggregate of 120,550 shares of common stock at a price of $4.50 per share, for gross proceeds of $542,475. In aggregate, DTRC issued a total of 11,166,161 shares of common stock for total gross proceeds of $50,247,725. Robert Quartermain, a director and Co-Chair of the Company, purchased 50,000 shares in the Private Placement. DTRC paid a total of $732,099 in stock issuance costs related to the Private Placement. During the six months ended September 30, 2021, DTRC also issued (i) 1,432,600 shares of DTRC common stock valued at $6,964,463 for investment in mineral properties, (ii) 144,612 shares of DTRC common stock valued at $703,646 for a settlement of debt, (iii) 1,450,000 shares of DTRC common stock valued at $7,177,500 as bonus shares to directors, employees and consultants to DTRC and (iv) 37,500 shares of common stock for cash consideration of $37,500. For the six months ended September 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. Of the 1,450,000 shares of common stock issued as bonus shares, 400,000 shares vested on June 4, 2021 and the remaining 1,050,000 vested on June 4, 2022. The share-based compensation expense for the bonus shares were allocated as $1,237,500 to exploration costs and $5,940,000 to general and administrative expenses based upon the primary activities of the grantees. Stock Options Issued Pursuant to the DTRC Merger on March 31, 2022, the Company cancelled DTRCs outstanding stock options and replaced them with options of Dakota Gold Corp. ("DGC") under the "2022 Stock Incentive Plan" with the same terms and provisions. The 2022 Stock Incentive Plan had a total of 6,250,000 units available to award to the Company's directors, executive officers and consultants. A unit can be a common stock purchase option, an RSU or a Performance Stock Unit ("PSU"). As of September 30, 2022, a total of 5,145,453 units relating to the 2022 Stock Incentive Plan remained available for future grants. Outstanding stock options under the 2022 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. During the six months ended September 30, 2022, the Company issued a total of 571,447 stock options with an exercise price of $3.01, exercisable for up to five years. The Company recognized stock-based compensation related to issuance of stock options totaling $1,430,152 during the six months ended September 30, 2022, of which $333,964 was allocated to exploration expenses and $1,096,188 was allocated to administrative expenses, based upon the primary activities of the grantees. During the six months ended September 30, 2022, the Company estimated the fair value of each stock option granted to have a weighted average grant date fair value of $1.43 per share using a Black Scholes valuation model. The weighted-average assumptions used to calculate the grant date fair value were as follows: risk-free interest rate of 3.15%, estimated volatility of 65%, dividend yield of 0%, and expected life of 3.35 years. During the six months ended September 30, 2021, DTRC granted a total of 2,271,250 stock options with a weighted average exercise price of $4.79, exercisable for up to five years. DTRC recognized stock-based compensation related to the vesting of stock options totaling $2,710,715 for the six months ended September 30, 2021, of which $699,887 was allocated to exploration costs and $2,010,828 was allocated to administrative expenses, based upon the primary activities of the grantees. During the six months ended September 30, 2021, DTRC estimated the fair value of each stock option granted to have a weighted average grant date fair value of $3.39 per share using a Black Scholes valuation model. The weighted- average assumptions used to calculate the grant date fair value were as follows: risk-free interest rate ranging from 0.39% - 1.02%, estimated volatility of between 83% and 96%, dividend yield of 0%, and expected life ranging from 4.08 to 5.0 years. Estimated volatility is calculated based on average volatility of the Company's peer group because the Company does not have sufficient historical data and will continue to use peer group volatility information until historical volatility of the Company is available to measure expected volatility for future grants. Peers are companies at similar stages of mine development and operating jurisdictions who have granted options with similar terms recently. The stock-based compensation expense is recognized as the fair value determined at the initial grant date using Black-Scholes which is amortized over the vesting period. A summary of the Company's stock option activity and related information for the period ended September 30, 2022 is as follows: Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 1,141,438 Options granted 571,447 3.01 Options exercised (37,500 ) 0.32 Outstanding as of September 30, 2022 3,883,322 $ 3.94 3.83 $ 937,420 Options exercisable as of September 30, 2022 2,360,000 $ 3.84 3.59 $ 914,563 As of September 30, 2022, the unrecognized compensation cost related to unvested options was $1,811,466, which will be expensed through June 2025. Allocations are based upon the primary activities of the grantees. Warrants As of September 30, 2022, there were 7,612,111 warrants outstanding, all with an exercise price of $2.08 and expiring on March 15, 2026. During the three-month period ended September 30, 2022, 3,607 shares of common stock were issued pursuant to an exercise of warrants for proceeds of $7,503. RSUS and PSUs The Company has an RSU plan that provides for the issuance of RSUs and PSUs in amounts as approved by the Company's board of directors. During the quarter ended September 30, 2022, the Company issued PSUs to certain members of management and other select employees. RSUs and PSUs generally vest in one-third increments over a three-year period, and compensation cost is recognized over the respective service periods based on the grant date fair value. Each RSU represents the right to receive one share of the Company's common stock. Each PSU award entitles the participant to receive a variable number of shares of the Company's common stock at the end of a specified period. The total number of shares that would vest under the PSUs will be determined at the end of each of the next three-year performance periods based on the Company's performance against the index for the relevant performance periods. The total number of shares that may be earned for PSUs is based on performance over the performance period and ranges from 0% to 200% of the target number of shares. The fair value of RSUs is measured at the grant-date price of the Company’s shares. The fair value of PSUs is measured at the grant-date fair value. The compensation expense related to the RSUs and PSUs has been recognized in the consolidated financial statements since the grant date and the fair value determined at the initial grant date will continue to be amortized over the vesting period. The Company recognized compensation expense related to the vesting of RSUs and PSUs totaling $112,544 for the three and six months ended September 30, 2022, of which $27,289 was allocated to exploration expenses and $85,255 allocated to administrative expenses. As of September 30, 2022, there was $1,489,933 of total unrecognized compensation cost related to unvested RSUs and PSUs. Allocations are based upon the primary activities of the grantees. The fair value of RSUs is measured at the grant-date price of the Company’s shares. The fair value of PSUs is measured at the grant-date fair value. A summary of RSU and PSU awards outstanding and activity during the three and six months ended September 30, 2022 are as follows: Number of Weighted- Number of Weighted- Outstanding at March 31, 2022 1,150,000 $ 4.95 - $ - Vested (1,150,000 ) 4.95 - - Outstanding at June 30, 2022 - - - - Granted 420,260 3.01 112,840 2.99 Outstanding at September 30, 2022 420,260 $ 3.01 112,840 $ 2.99 During the three months ended June 30, 2022, the Company recognized stock-based compensation related to the vesting of RSUs totaling $1,068,173, of which $164,629 was allocated to exploration costs and $903,544 allocated to administrative expenses, for the RSUs that were granted in June 2021 and that vested on June 4, 2022. As of June 30, 2022, there was no unrecognized compensation cost related to unvested RSUs granted in June 2021 , therefore there was no stock-based compensation related to these RSUs for the three months ended September 30, 2022 . Bonus Shares of Common Stock Issued by DTRC during the six months ended September 30, 2021 During the six months ended September 30, 2021, DTRC issued 1,450,000 shares of common stock valued at $7,177,500 as bonus shares to directors, employees and consultants of DTRC, with the stock-based compensation expense for the bonus shares being allocated as $1,237,500 to exploration costs and $5,940,000 to general and administrative expenses.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	Note 6 - Commitments and Contingencies The Company may become party to various legal actions that arise in the ordinary course of its business. The Company is also subject to audit by tax and other authorities for varying periods in various federal, state and local jurisdictions, and disputes may arise during the course of these audits. It is impossible to determine the ultimate liabilities that the Company may incur resulting from any of these lawsuits, claims, proceedings, audits, commitments, contingencies and related matters or the timing of these liabilities, if any. If these matters were to ultimately be resolved unfavorably, it is possible that such an outcome could have a material adverse effect upon the Company's consolidated financial position, results of operations, or liquidity. The Company does not, however, anticipate such an outcome and it believes the ultimate resolution of these matters will not have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	Note 7 - Income Taxes The following table sets forth a reconciliation of the statutory federal income tax for the : Six months ended September 30, 2022 Six months ended Income tax expense (benefit) computed at federal statutory rates $ (2,970,364 ) $ (3,821,110 ) Non-deductible expenses - 14,397 Change in valuation allowance 953,413 3,456,753 Other 257,040 - Deferred tax benefit $ (1,759,911 ) $ (349,960 ) The effective tax rate for the three and six months ended September 30, 2022 was 7.6% and 12.4%, respectively. The effective tax rate is less than the expected statutory rate as the Company does not expect to realize a benefit from a portion of the losses incurred. Management has established a valuation allowance on certain deferred tax assets because the underlying the deferred tax benefit may not be realized. The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets or liabilities. Significant components of the deferred tax assets and the related valuation allowance are set out below: September 30, 2022 March 31, Deferred tax assets: Net operating losses $ 6,552,604 $ 5,228,304 Net capital losses 36,685 36,685 Stock-based compensation 2,332,232 2,607,150 Deferred exploration costs 2,981,504 1,317,562 Total 11,903,025 9,189,701 Less: valuation allowance (2,763,862 ) (1,810,449 ) Total deferred tax assets 9,139,163 7,379,252 Deferred tax liability: Property and equipment (47,383 ) (47,383 ) Mineral properties (11,044,892 ) (11,044,892 ) Total deferred tax liabilities (11,092,275 ) (11,092,275 ) Total deferred taxes $ (1,953,112 ) $ (3,713,023 ) Of a total of approximately $39 million of net operating loss carry forward (including approximately $9 million of DTRC's unrecognized deferred tax asset), the net operating loss carry forward of approximately $9.7 million will begin to expire in 2027, as they were incurred prior to 2018. As a result of the merger, DTRC's net operating losses prior to the merger date may be, by law, partially or entirely unavailable to offset future taxable income. We follow the provisions of ASC 740 relating to uncertain tax provisions and have commenced analyzing filing positions in all of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. There are no unrecognized tax benefits as of September 30 or March 31, 2022. We file income tax returns in the United States federally and in one state jurisdiction. The Company has not been subjected to tax examinations for any year and the statute of limitations has not expired. The Company's tax returns remain open for examination by the applicable authorities, generally 3 years for federal and 4 years for state.

Subsequent Event(s)

Subsequent Event(s)	6 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Event(s) [Text Block]	Note 8 - Subsequent Event(s) On October 21, 2022, the Company entered into an Equity Distribution Agreement with BMO Capital Markets Corp. and Canaccord Genuity LLC (collectively, the "Sales Agents"), to establish an at-the-market equity program (the "ATM Program"). Under the ATM Program, the Company may offer and sell shares of common stock having aggregate proceeds of up to $50,000,000, from time to time, through any of the Sales Agents. Following establishment of the ATM program, the Company has issued 1,000,000 shares from the ATM program at an average price of $3.10 for gross proceeds of $3.1 million.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements ("interim financial statements") of Dakota Gold Corp. ("we", "us", "our", the "Company", "Dakota Gold") 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, 2022, as filed with the SEC on June 28, 2022. 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, 2022, 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.
DTRC Merger Transaction [Policy Text Block]	DTRC Merger Transaction On September 10, 2021, the Company and Dakota Territory Resource Corp. ("DTRC") entered into an Amended and Restated Agreement and Plan of Merger (the "merger agreement") providing for the acquisition of the non-controlling interest of DTRC where the Company would acquire the remaining shares (not previously owned) of DTRC for an equal number of shares of the Company and DTRC would merge into a subsidiary of the Company (the "DTRC Merger" or the "DTRC Transaction"). The DTRC Merger was approved by the stockholders of DTRC at a Special Meeting of Stockholders and closed with an effective date of March 31, 2022. Pursuant to the merger agreement, the DTRC stockholders received one share of Dakota Gold common stock for each share of DTRC's common stock owned at the time of the closing. After the closing, the former stockholders of DTRC and the Company owned approximately 49% and 51%, respectively, of the combined entity.
Basis of Consolidation [Policy Text Block]	Basis of Consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries at the end of the reporting periods as follows: Incorporation Percentage owned 2022 2021 DTRC LLC USA 100% 63% JR Resources (Canada) Services Corp. Canada 100% 100% Dakota Gold Holdings LLC USA 100% N/A Dakota Gold (Canada) Services Corp. Canada 100% N/A All significant intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation.

Summary of Accounting Policie_2

Summary of Accounting Policies (Tables)	6 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of subsidiaries ownership percentage [Table Text Block]	Incorporation Percentage owned 2022 2021 DTRC LLC USA 100% 63% JR Resources (Canada) Services Corp. Canada 100% 100% Dakota Gold Holdings LLC USA 100% N/A Dakota Gold (Canada) Services Corp. Canada 100% N/A

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated September 30, March 31, Land $ 70,000 $ 70,000 Building 39 739,122 699,975 Furniture and equipment 3 to 5 749,660 626,133 1,558,782 1,396,108 Less accumulated depreciation (268,746 ) (167,096 ) $ 1,290,036 $ 1,229,012

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	6 Months Ended
	Sep. 30, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of accounts payable and accrued labilities [Table Text Block]	September 30, March 31, 2022 Trade payables $ 1,402,849 $ 2,051,569 Accrued liabilities 606,215 467,965 Other 24,904 17,620 $ 2,033,968 $ 2,537,154

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of share-based compensation, stock options, activity [Table Text Block]	Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 1,141,438 Options granted 571,447 3.01 Options exercised (37,500 ) 0.32 Outstanding as of September 30, 2022 3,883,322 $ 3.94 3.83 $ 937,420 Options exercisable as of September 30, 2022 2,360,000 $ 3.84 3.59 $ 914,563
Schedule of RSU and PSU awards outstanding and activity [Table Text Block]	Number of Weighted- Number of Weighted- Outstanding at March 31, 2022 1,150,000 $ 4.95 - $ - Vested (1,150,000 ) 4.95 - - Outstanding at June 30, 2022 - - - - Granted 420,260 3.01 112,840 2.99 Outstanding at September 30, 2022 420,260 $ 3.01 112,840 $ 2.99

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit) [Table Text Block]	Six months ended September 30, 2022 Six months ended Income tax expense (benefit) computed at federal statutory rates $ (2,970,364 ) $ (3,821,110 ) Non-deductible expenses - 14,397 Change in valuation allowance 953,413 3,456,753 Other 257,040 - Deferred tax benefit $ (1,759,911 ) $ (349,960 )
Schedule of deferred tax assets and liabilities [Table Text Block]	September 30, 2022 March 31, Deferred tax assets: Net operating losses $ 6,552,604 $ 5,228,304 Net capital losses 36,685 36,685 Stock-based compensation 2,332,232 2,607,150 Deferred exploration costs 2,981,504 1,317,562 Total 11,903,025 9,189,701 Less: valuation allowance (2,763,862 ) (1,810,449 ) Total deferred tax assets 9,139,163 7,379,252 Deferred tax liability: Property and equipment (47,383 ) (47,383 ) Mineral properties (11,044,892 ) (11,044,892 ) Total deferred tax liabilities (11,092,275 ) (11,092,275 ) Total deferred taxes $ (1,953,112 ) $ (3,713,023 )

Summary of Accounting Policie_3

Summary of Accounting Policies (Narrative) (Details)	Sep. 10, 2021
DTRC LLC [Member]
Class of Stock [Line Items]
Percentage of outstanding shares of common stock	51%
DTRC LLC [Member]
Class of Stock [Line Items]
Former stockholders of DTRC	49%

Summary of Accounting Policie_4

Summary of Accounting Policies (Schedule of Ownership Percentage) (Details)	Sep. 30, 2022	Sep. 30, 2021	Sep. 10, 2021
DTRC LLC [Member]
Class of Stock [Line Items]
Percentage owned			51%
DTRC LLC [Member] | US [Member]
Class of Stock [Line Items]
Percentage owned	100%	63%
JR Resources (Canada) Services Corp. [Member] | Canada [Member]
Class of Stock [Line Items]
Percentage owned	100%	100%
Dakota Gold Holdings LLC [Member] | US [Member]
Class of Stock [Line Items]
Percentage owned	100%
Dakota Gold (Canada) Services Corp. [Member] | Canada [Member]
Class of Stock [Line Items]
Percentage owned	100%

Mineral Rights and Properties (

Mineral Rights and Properties (Narrative) (Details)			1 Months Ended	3 Months Ended			6 Months Ended
	Oct. 14, 2021 USD ($) a shares	Sep. 07, 2021 USD ($) a shares	Oct. 26, 2020 USD ($) a $ / shares shares	Sep. 30, 2022 USD ($) a	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) a shares	Sep. 30, 2021 USD ($)	Mar. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Area of land | a				46,210			46,210
Additional mineral properties acquired							$ 1,529,316
Payment to purchase mineral property							$ 854,316	$ 3,285,316
Common stock issued for purchase of mineral properties (Shares) | shares							180,000
Common stock issued for purchase of mineral properties				$ 675,000	$ 5,844,997	$ 1,119,467	$ 675,000
Mineral rights and properties				$ 78,492,274			$ 78,492,274		$ 76,962,958
Maitland Gold Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a			2,112
Payment to purchase mineral property			$ 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
Net smelter return royalty			2.50%
Homestake District, South Dakota [Member]
Property, Plant and Equipment [Line Items]
Area of land | a		4,261		4,261			4,261
Payment to purchase mineral property		$ 1,300,000
Stock issued during period, shares, purchase of assets | shares		1,000,000
Stock issued during period, value, purchase of assets		$ 4,850,000
Asset acquisition, consideration transferred		$ 300,000
Additional shares to be issued upon exercise of option | shares		3,000,000
Net smelter return royalty		2.50%
Richmond Hill Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	2,126			2,615			2,615
Common stock issued for purchase of mineral properties (Shares) | shares	180,000
Stock issued during period, shares, purchase of assets | shares	400,000
Stock issued during period, value, purchase of assets	$ 1,816,000
Asset acquisition, consideration transferred	$ 100,000
Additional shares to be issued upon exercise of option | shares	400,000
Net smelter return royalty	1%
Eleven Brownfield Project Areas [Member]
Property, Plant and Equipment [Line Items]
Unpatented claims held				$ 1,931			$ 1,931
Area of land | a				33,475			33,475
Additional lands and mineral rights [Member]
Property, Plant and Equipment [Line Items]
Area of land | a				5,859			5,859

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 53,622	$ 30,600	$ 101,650	$ 58,261

Property and Equipment (Schedul

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,558,782	$ 1,396,108
Less accumulated depreciation	(268,746)	(167,096)
Property and equipment, net	1,290,036	1,229,012
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	$ 739,122	699,975
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 749,660	$ 626,133
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

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Schedule of Company's Accounts Payable and Accrued Liabilities) (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 1,402,849	$ 2,051,569
Accrued liabilities	606,215	467,965
Other	24,904	17,620
Accounts payable and accrued liabilities	$ 2,033,968	$ 2,537,154

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)				1 Months Ended		2 Months Ended	3 Months Ended				6 Months Ended
	Jun. 04, 2022	Aug. 02, 2021	Jun. 04, 2021	Jul. 21, 2021	Jun. 23, 2021	Aug. 02, 2021	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized							144,302,330				144,302,330		144,302,330
Common stock, par or stated value per share							$ 0.001				$ 0.001		$ 0.001
Common stock issued for exercise of options (Shares)											37,500
Proceeds from exercise of stock options											$ 12,000	$ 0
Common stock issued for purchase of mineral properties (Shares)											180,000
Common stock issued for purchase of mineral properties							$ 675,000		$ 5,844,997	$ 1,119,467	$ 675,000
Proceeds from exercise of warrants							$ 7,503				$ 7,503	0
Additional restricted stock units vested, common stock not yet issued							350,000				350,000
Proceeds from sale of common stock											$ 0	$ 351,075
Share-based compensation expense											$ 1,430,152
Stock options granted											571,447
Weighted average exercise price of share options granted											$ 3.01
Weighted average grant date fair value of options											$ 1.43
Risk-free interest rate											3.15%
Estimated volatility											65%
Dividend yield											0%
Expected life											3 years 4 months 6 days
Unrecognized compensation cost related to unvested options							$ 1,811,466				$ 1,811,466
Number of warrants outstanding							7,612,111				7,612,111
Exercise price of warrants							$ 2.08				$ 2.08
Class of warrants, outstanding expiry date							Mar. 15, 2026				Mar. 15, 2026
DTRC common stock issued upon conversion of debt									$ 480,388	$ 223,259
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for exercise of options (Shares)								37,500			37,500
Common stock issued for purchase of mineral properties (Shares)							180,000	306,749			306,749
Common stock issued for purchase of mineral properties							$ 180	$ 307
Common stock issued for exercise of warrants (Shares)							3,607				3,607
Common stock issued for restricted stock units ("RSUs") (Shares)								800,000			800,000
Additional Paid-in Capital [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for purchase of mineral properties							$ 674,820	$ (307)			$ 1,500,000
Richmond Hill Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for purchase of mineral properties (Shares)											180,000
Common stock issued for purchase of mineral properties											$ 675,000
2022 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units available for award													6,250,000
Units remaining available for future grants							5,145,453				5,145,453
Term of options											5 years
Vesting period											2 years
Private Placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of units issued												505,050
Weighted average price of units issued												$ 1.39
Proceeds from units issued												$ 700,000
Number of warrants issued												252,525
Warrants issued, weighted average exercise price												$ 2.08
Units issuance costs												$ 381,428
Private Placement [Member] | Director and Co-Chair [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued (Shares)						50,000
Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense											$ 333,964	1,237,500
General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense											1,096,188	$ 5,940,000
DTRC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for purchase of mineral properties (Shares)												1,432,600
Common stock issued for purchase of mineral properties												$ 6,964,463
Common stock issued (Shares)						11,166,161						37,500
Proceeds from sale of common stock						$ 50,247,725						$ 37,500
Number of common shares issued in settlement of debt												144,612
Value of common shares issued in settlement of debt												$ 703,646
Share-based compensation expense												$ 2,710,715
Number of bonus shares vested	1,050,000		400,000
Stock options granted												2,271,250
Weighted average exercise price of share options granted												$ 4.79
Weighted average grant date fair value of options												$ 3.39
Dividend yield												0%
DTRC [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate												0.39%
Estimated volatility												83%
Expected life												4 years 29 days
DTRC [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate												1.02%
Estimated volatility												96%
Expected life												5 years
DTRC [Member] | Directors, employees and consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Bonus shares issued to directors, employees and consultants (Shares)												1,450,000
Bonus shares issued to directors, employees and consultants												$ 7,177,500
DTRC [Member] | Private Placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issuance costs						$ 732,099
DTRC [Member] | Initial tranche of a non-brokered private placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued (Shares)					2,311,000
Shares issued, price per share					$ 4.5
Proceeds from sale of common stock					$ 10,399,500
DTRC [Member] | Second tranche of the non-brokered private placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued (Shares)				8,734,611
Shares issued, price per share				$ 4.5
Proceeds from sale of common stock				$ 39,305,750
DTRC [Member] | Final tranche of private placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued (Shares)		120,550
Shares issued, price per share		$ 4.5				$ 4.5
Proceeds from sale of common stock		$ 542,475
DTRC [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												1,361,250
DTRC [Member] | Exploration Costs [Member] | Directors, employees and consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												1,237,500
DTRC [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												5,816,250
DTRC [Member] | General and Administrative Expense [Member] | Directors, employees and consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												5,940,000
DTRC [Member] | Stock options [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												699,887
DTRC [Member] | Stock options [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense												$ 2,010,828
Performance Share Units "PSU" [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance shares percentage							0%
Performance Share Units "PSU" [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance shares percentage							200%
RSUs and PSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense							$ 112,544				112,544
Unrecognized compensation cost related to unvested awards							1,489,933				1,489,933
RSUs and PSUs [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense							27,289				27,289
RSUs and PSUs [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense							$ 85,255				$ 85,255
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense								1,068,173
Restricted Stock Units ("RSU") [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense								164,629
Restricted Stock Units ("RSU") [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense								$ 903,544

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Stock Option Activity and Related Information) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Options outstanding, beginning of period	3,349,375
Weighted average exercise price at beginning of period	$ 4.06
Options outstanding, Aggregate intrinsic value, beginning balance	$ 1,141,438
Number of options granted	571,447
Options granted, Weighted average exercise price	$ 3.01
Number of options exercised	(37,500)
Options exercised, weighted average exercise price	$ 0.32
Number of share options outstanding at end of period	3,883,322	3,349,375
Weighted average exercise price at end of period	$ 3.94	$ 4.06
Options outstanding, weighted average remaining contractual life (in years)	3 years 9 months 29 days	4 years 1 month 13 days
Options outstanding, aggregate intrinsic value, ending balance	$ 937,420	$ 1,141,438
Number of options exercisable	2,360,000
Weighted average exercise price of options exercisable	$ 3.84
Options exercisable, weighted average remaining contractual life (in years)	3 years 7 months 2 days
Options exercisable, aggregate intrinsic value, ending balance	$ 914,563

Stockholders' Equity - (Schedul

Stockholders' Equity - (Schedule of RSU and PSU Awards Outstanding and Activity) (Details) - $ / shares	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning	0	1,150,000
Weighted-average grant date fair value per award, Beginning	$ 0	$ 4.95
Number of Awards, Vested		(1,150,000)
Weighted-average grant date fair value per award, Vested		$ 4.95
Number of Awards, Granted	420,260
Weighted-average grant date fair value per award, Granted	$ 3.01
Number of Awards Outstanding, Ending	420,260	0
Weighted-average grant date fair value per award, Ending	$ 3.01	$ 0
Performance Share Units "PSU" [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning	0	0
Weighted-average grant date fair value per award, Beginning	$ 0	$ 0
Number of Awards, Vested		0
Weighted-average grant date fair value per award, Vested		$ 0
Number of Awards, Granted	112,840
Weighted-average grant date fair value per award, Granted	$ 2.99
Number of Awards Outstanding, Ending	112,840	0
Weighted-average grant date fair value per award, Ending	$ 2.99	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Period Of Operating Loss Carry Forward [Line Items]
Effective tax rate	7.60%	12.40%
Net operating loss carry forward	$ 39	$ 39
Unrecognized deferred tax asset	9	9
Expire in 2027 [Member]
Period Of Operating Loss Carry Forward [Line Items]
Net operating loss carry forward	$ 9.7	$ 9.7

Income Taxes - (Schedule of Com

Income Taxes - (Schedule of Components of Income Tax Expense (Benefit)) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit) computed at federal statutory rates			$ (2,970,364)	$ (3,821,110)
Non-deductible expenses			0	14,397
Change in valuation allowance			953,413	3,456,753
Other			257,040	0
Deferred tax benefit	$ (541,187)	$ (174,980)	$ (1,759,911)	$ (349,960)

Income Taxes - (Schedule of Def

Income Taxes - (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Deferred tax assets:
Net operating losses	$ 6,552,604	$ 5,228,304
Net capital losses	36,685	36,685
Stock-based compensation	2,332,232	2,607,150
Deferred exploration costs	2,981,504	1,317,562
Total	11,903,025	9,189,701
Less: valuation allowance	(2,763,862)	(1,810,449)
Total deferred tax assets	9,139,163	7,379,252
Deferred tax liability:
Property and equipment	(47,383)	(47,383)
Mineral properties	(11,044,892)	(11,044,892)
Total deferred tax liabilities	(11,092,275)	(11,092,275)
Total deferred taxes	$ (1,953,112)	$ (3,713,023)

Subsequent Event(s) (Narrative)

Subsequent Event(s) (Narrative) (Details) - USD ($)	1 Months Ended	6 Months Ended
	Oct. 21, 2022	Sep. 30, 2022	Sep. 30, 2021
Subsequent Event [Line Items]
Proceeds from issuance of common stock		$ 0	$ 351,075
Subsequent event [Member] | BMO Capital Markets Corp [Member] | ATM Program [Member]
Subsequent Event [Line Items]
Common stock issued (Shares)	1,000,000
Average price per shares	$ 3.1
Proceeds from issuance of common stock	$ 3,100,000
Subsequent event [Member] | BMO Capital Markets Corp [Member] | ATM Program [Member] | Maximum [Member]
Subsequent Event [Line Items]
Aggregate gross proceeds sale of common share	$ 50,000,000