Dakota Gold (DC) 10-KT 22 Mar 23 2022 FY Annual report (with FYE transition) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Dec. 31, 2022	Mar. 22, 2023	Sep. 30, 2022
Cover [Abstract]
Registrant Name	Dakota Gold Corp.
Registrant CIK	0001852353
Current Fiscal Year End Date	--12-31
Document Type	10-KT
Document Annual Report	false
Entity File Number	000-41349
Document Period Start Date	Apr. 01, 2022
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
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 per share
Trading Symbol	DC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Shell Company	false
Entity Public Float			$ 142,047,616.5
Entity Common Stock, Shares Outstanding		75,292,928
Amendment Flag	false
Document Transition Report	true
Entity Ex Transition Period	false
Auditor Firm ID	298
Auditor Name	Ham, Langston & Brezina, L.L.P.
Auditor Location	Houston, Texas, USA

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Mar. 31, 2022
Current assets
Cash and cash equivalents	$ 23,911,722	$ 41,401,116
Receivable	107,356	94,807
Prepaid expenses and other current assets	618,913	376,689
Total current assets	24,637,991	41,872,612
Non-current assets
Mineral rights and properties	78,737,287	76,962,958
Property and equipment, net	1,266,790	1,229,012
Other assets	380,651	20,000
Total assets	105,022,719	120,084,582
Current liabilities
Accounts payable and accrued liabilities	2,514,863	2,537,154
Total current liabilities	2,514,863	2,537,154
Non-current liabilities
Deferred tax liability	1,332,118	3,713,023
Total liabilities	3,846,981	6,250,177
Commitments and contingent liabilities	0	0
Stockholders' equity
Capital stock, par value $0.001; 144,302,330 common shares authorized, 73,341,001 and 70,850,395 shares issued and outstanding as of December 31, 2022 and March 31, 2022, respectively	73,341	70,850
Additional paid-in capital	107,317,974	100,697,655
Retained earnings (deficit)	(6,215,577)	13,065,900
Total stockholders' equity	101,175,738	113,834,405
Total liabilities and stockholders' equity	$ 105,022,719	$ 120,084,582

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 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	73,341,001	70,850,395
Common Stock, Shares, Outstanding	73,341,001	70,850,395

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Operating expenses
Exploration expenses	$ 13,749,359	$ 6,117,247	$ 7,334,459
General and administrative expenses	7,929,819	17,521,662	23,942,616
Loss from operations	(21,679,178)	(23,638,909)	(31,277,075)
Other income (expenses)
Foreign exchange gain (loss)	(87,070)	(49,543)	11,243
Loss on settlement of debt	0	(124,521)	(124,521)
Interest income	159,615	16,094	24,582
Interest expense	0	(70,854)	0
Total other income (expenses)	72,545	(228,824)	(88,696)
Loss before income taxes	(21,606,633)	(23,867,733)	(31,365,771)
Income tax expense - current	(55,749)	0	0
Deferred income tax benefit	2,380,905	381,692	5,685,435
Net loss	(19,281,477)	(23,486,041)	(25,680,336)
Less: Net loss attributable to non-controlling interest	0	(9,612,875)	(13,066,775)
Net loss attributable to Dakota Gold Corp.	$ (19,281,477)	$ (13,873,166)	$ (12,613,561)
Basic loss per share	$ (0.27)	$ (0.28)	$ (0.35)
Diluted loss per share	$ (0.27)	$ (0.28)	$ (0.35)
Weighted average number of basic shares of common stock outstanding	72,090,163	49,287,966	35,580,142
Weighted average number of diluted shares of common stock outstanding	72,090,163	49,287,966	35,580,142

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Cash flows from operating activities
Net loss	$ (19,281,477)	$ (23,486,041)	$ (25,680,336)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expense	159,421	103,411	134,004
Loss on settlement of debt	0	124,521	124,521
Stock-based compensation expense	3,464,400	16,353,160	19,592,502
Deferred tax benefit	(2,380,905)	(381,692)	(5,685,435)
Changes in current assets and liabilities:
Receivable	(12,549)	(9,567)	(94,807)
Prepaid expenses and other current assets	(242,224)	26,306	8,208
Accounts payable and accrued liabilities	(122,290)	339,881	1,691,280
Accounts payable - related party	0	(3,000)	(3,000)
Net cash used in operating activities	(18,415,624)	(6,933,021)	(9,913,063)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(197,199)	(573,775)	(492,272)
Purchases of mineral properties	(1,099,329)	(6,179,873)	(8,650,700)
Other assets	0	0	(20,000)
Net cash used in investing activities	(1,296,528)	(6,753,648)	(9,162,972)
Financing activities
Proceeds from sale of common stock on at-the market ("ATM") program	3,100,000	0	0
Payment of ATM issuance costs	(338,740)	0	0
Proceeds from exercise of stock options	12,000	0	0
Proceeds from exercise of warrants	7,503	0	0
Withholding of employee tax payments on restricted stock units	(558,005)	0	0
Proceeds from sale of DTRC common stock	0	49,515,626	49,515,626
Issuance of share capital, net of issuance costs	0	318,572	318,572
Payments on notes payable - related parties	0	(801,715)	(801,715)
Cash provided by financing activities	2,222,758	49,032,483	49,032,483
Net change in cash and cash equivalents	(17,489,394)	35,345,814	29,956,448
Cash and cash equivalents, beginning of period	41,401,116	11,444,668	11,444,668
Cash and cash equivalents, end of period	23,911,722	46,790,482	41,401,116
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for purchase of mineral properties	675,000	0	10,380,464
Deferred ATM offering costs offset against additional paid-in capital	78,088	0	0
Accrual of ATM issuance costs	100,000	0	0
Conversion of note receivable as consideration for mineral properties	0	8,780,464	0
Common stock issued for settlement of notes payable	0	0	703,647
Common stock issued for acquisition of non-controlling interest	$ 0	$ 0	$ 48,799,274

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES SHAREHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Non-Controlling Interest [Member]	Total
Beginning Balance at Mar. 31, 2021	$ 35,136	$ 12,105,720	$ 25,679,461	$ 21,183,613	$ 59,003,930
Beginning Balance (Shares) at Mar. 31, 2021	35,136,617
Common stock issued for cash, net of issuance costs	$ 505	318,067			318,572
Common stock issued for cash, net of issuance costs (Shares)	505,050
DTRC common stock issued				49,515,626	49,515,626
DTRC common stock issued for purchase of mineral property				10,380,464	10,380,464
DTRC common stock issued upon conversion of debt				703,647	703,647
Stock-based compensation expense				19,592,502	19,592,502
Change in non-controlling interest		34,185,108		(34,185,108)
Issuance of stock for acquisition of non-controlling interest	$ 35,209	48,764,065		(48,799,274)
Issuance of stock for acquisition of non-controlling interest (Shares)	35,208,728
Elimination of non-controlling interest on acquisition		5,324,695		(5,324,695)
Net loss			(12,613,561)	$ (13,066,775)	(25,680,336)
Ending Balance at Mar. 31, 2022	$ 70,850	100,697,655	13,065,900		$ 113,834,405
Ending Balance (Shares) at Mar. 31, 2022	70,850,395				70,850,395
Common stock issued for ATM program, net of amortized issuance costs	$ 1,000	3,020,912			$ 3,021,912
Common stock issued for ATM program, net of amortized issuance costs (Shares)	1,000,000
Common stock issued for restricted stock units ("RSUs")	$ 963	(963)
Common stock issued for restricted stock units ("RSUs") (Shares)	962,750
Common stock issued for exercise of options	$ 37	11,963			$ 12,000
Common stock issued for exercise of options (Shares)	37,500				37,500
Common stock issued for exercise of warrants	$ 4	7,499			$ 7,503
Common stock issued for exercise of warrants (Shares)	3,607
DTRC common stock issued for purchase of mineral property	$ 487	674,513			675,000
DTRC common stock issued for purchase of mineral property (Shares)	486,749
Stock-based compensation expense		3,464,400			3,464,400
Withholding of employee tax payment on RSUs		(558,005)			(558,005)
Net loss			(19,281,477)		(19,281,477)
Ending Balance at Dec. 31, 2022	$ 73,341	$ 107,317,974	$ (6,215,577)		$ 101,175,738
Ending Balance (Shares) at Dec. 31, 2022	73,341,001				73,341,001

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Dec. 31, 2022
Organization And Nature Of Business [Abstract]
Organization and Nature of Business [Text Block]	NOTE 1 - Organization and Nature of Business Dakota Gold Corp., (the "Company" or "Dakota Gold") was incorporated as JR Resources Corp. ("JR") on November 15, 2017 under the Business Corporations Act (British Columbia, Canada). The Company focuses its business efforts on the acquisition, exploration, and development of mineral properties in the United States of America ("U.S."). On May 22, 2020, the Company completed the domestication process and changed its registration from the Province of British Columbia, Canada to the State of Nevada, U.S. On March 31, 2022, pursuant to the U.S. Securities and Exchange Commission ("SEC") approval of the DTRC Merger (defined below) and acquisition of the remaining shares of Dakota Territory Resource Corp. ("DTRC") by the Company, DTRC was merged into a subsidiary of the Company and prior to completion of the DTRC Merger, JR changed its name to Dakota Gold Corp. (see DTRC Merger Transaction below). Liquidity The Company's mineral properties are at the exploration stage and are without a known body of commercial ore and therefore have not generated revenues. The business of exploring for minerals involves a high degree of risk. Few properties that are explored are ultimately developed into producing mines. Major expenditures may be required to establish ore reserves, to develop metallurgical processes, to acquire construction and operating permits and to construct mining and processing facilities. The amounts shown as exploration and evaluation assets cost represent acquisition and holding costs and do not necessarily represent present or future recoverable values. The recoverability of the amounts shown for mineral properties is dependent upon the Company obtaining the necessary financing to complete the exploration and development of the properties, the discovery of economically recoverable reserves and future profitable operations or through sale of the assets. These consolidated financial statements have been prepared on the assumption that the Company and its subsidiaries will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. Different bases of measurement may be appropriate if the Company is not expected to continue operations for the foreseeable future. As of December 31, 2022, the Company had not advanced its properties to commercial production and is not able to finance day-to-day activities through operations. The Company's management believes its cash balance of approximately $23.9 million as at December 31, 2022, its working capital of approximately $22.1 million, the anticipated ability to utilize the ATM program during the year, and the ability to scale down the exploration program in order to maintain greater than 12 months of funding as of December 31, 2023 alleviate the doubt as to the Company's ability to continue as a going concern. Subsequent to December 31, 2022, the Company utilized its ATM to raise gross proceeds of approximately $5 million. Reverse Stock Split On March 8, 2022, the Company completed a reverse split of its common stock on a 1 for 0.721512 share basis, par value $0.001 per share (the "Reverse Stock Split"). As a result of the Reverse Stock Split, each share of common stock issued and outstanding was automatically decreased to approximately 0.721512 of a share of issued and outstanding common stock, without any change in the par value per share. All information related to the Company's common stock, warrants and earnings or loss per share were retroactively adjusted to give effect to the Reverse Stock Split for all periods presented. To effect the Reverse Stock Split, on March 8, 2022, the Company filed a certificate of change with the Nevada Secretary of State to decrease the number of authorized shares from 200,000,000 to 144,302,330 shares of common stock, par value of $0.001 per share. 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.

Summary of Accounting Policies

Summary of Accounting Policies	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Accounting Policies [Text Block]	NOTE 2 - Summary of Accounting Policies Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Change in Fiscal Year In August 2022, the Board of Directors of the Company, pursuant to the bylaws and based upon the recommendation of its Audit Committee, approved a change in the Company’s fiscal year end from March 31 to December 31. The Company’s fiscal year now begins on January 1 and ends on December 31 of each year, starting on January 1, 2023. The required transition period of April 1, 2022 to December 31, 2022 is included in the consolidated financial statements. For comparative purposes, the unaudited consolidated statements of operations and consolidated statements of cash flows for the nine months ended December 31, 2021 are also presented. Basis of Consolidation As at March 31 and December 31, 2022, these consolidated financial statements include the accounts of the Company and the following 100%-owned subsidiaries: DTRC, LLC (incorporated in USA), JR Resources (Canada) Services Corp. (incorporated in Canada), Dakota Gold Holdings LLC (incorporated in USA) and Dakota Gold (Canada) Services Corp. (incorporated in Canada). All intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation. Non-controlling Interest Non-controlling interest ("NCI") represents the portion of a subsidiary's earnings and losses and net assets that are not owned by the Company. If losses in a subsidiary applicable to a non-controlling interest exceed the non-controlling interest in the subsidiary's equity, the excess is allocated to the non-controlling interest except to the extent that the majority interest holder has a binding obligation and is able to cover the losses. The Company initially recognizes a non-controlling interest in an asset acquisition on the date of acquisition at its fair value. Subsequent to initial recognition and measurement a non-controlling interest is allocated its share of net income or loss, and its respective share of each component of other comprehensive income of the consolidated subsidiary. Use of Estimates The preparation of the Company's financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Significant items subject to such estimates include, valuation of stock-based compensation and impairment of long-lived assets. Actual results could differ from the amounts recorded in these consolidated financial statements. Functional Currency The financial position and results of operations of the Company's Canadian subsidiaries are measured using the U.S. dollar as the functional currency. Accordingly, there is no translation gain or loss associated with these operations. Transaction gains and losses related to foreign currency monetary assets and liabilities where the functional currency is the U.S. dollar are remeasured at current exchange rates and the resulting adjustments are included in the accompanying consolidated statements of operations. Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company is exposed to credit risk from its deposits of cash in excess of amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses on its deposits of cash. Property and Equipment Property and equipment consist primarily of land, buildings, office furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life which ranges from 3-39 years depending upon asset type. Mineral Rights and Properties The Company has been in the exploration stage since inception and has not yet realized any revenues. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. There has been no mine development to date. If the Company determines it will no longer continue with exploration in an area where costs have been capitalized, the directly associated costs will be reviewed for impairment. Costs of abandoned projects are expensed, including related property and equipment costs. Impairment or Disposal of Long-Lived Assets The Company assesses the possibility of impairment in the carrying value of its long-lived assets (property and equipment and mineral rights and properties) whenever events or circumstances indicate that the carrying amounts of the asset or assets group may not be recoverable. The Company calculates the estimated recoverable amount of the asset or assets based upon expected future undiscounted cash flows. When the carrying value of an asset exceeds the related undiscounted cash flows, the asset is written down to its estimated fair value, which is usually determined using discounted future cash flows or estimated sale value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets Fair Value Measurements The Company accounts for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures ● ● ● The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable and accounts payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature or the underlying terms are consistent with market terms. The Company follows the provisions of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 820-10 for nonfinancial assets and liabilities measured at fair value on a nonrecurring basis. As it relates to the Company, this applies to certain nonfinancial assets and liabilities acquired in business combinations. Environmental Costs Environmental expenditures that relate to current operations are expensed as appropriate. Expenditures that relate to an existing condition caused by past operations, and which do not contribute to current or future revenue, generally are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable, and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of the completion of a feasibility study or the Company's commitment to a plan of action based on the then known facts. Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes The Company recognizes and measures a tax benefit from uncertain tax positions when it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company adjusts these liabilities when its judgement changes as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate or future recognition of an unrecognized tax benefit. These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined. The Company recognizes interest and penalties related to unrecognized tax positions within the income tax expense line in the statements of operations. Basic and Diluted Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share amounts pursuant to the provisions of ASC 260, Earnings per Share The dilutive effect of outstanding options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The effect of the Company's outstanding options and warrants were excluded for both the nine months ended December 31, 2022 and the year ended March 31, 2022, because they were anti-dilutive (Note 10). Stock-Based Compensation The Company estimates the fair value of stock-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Compensation - Stock Compensation Deferred Offering Costs The Company capitalizes costs directly associated with equity financings until such financings are consummated, at which time such costs are recorded in additional paid-in capital against the gross proceeds of the equity financings. Costs associated with the shelf registration statement on Form S-3 (the “ATM program”), filed with the SEC on July 15, 2022, have been capitalized and will be reclassified to additional paid-in capital on a pro rata basis when the Company completes offerings under the shelf registration. Any remaining unamortized costs will be expensed immediately should the Company terminate the ATM program prior to raising the full $50 million. During the nine months ended December 31, 2022 and year ended March 31, 2022, ATM program-related legal and consulting fees totaling $438,740 and $0, respectively, had been incurred. As of December 31, 2022 and March 31, 2022, there was $360,651 and $0, respectively, of such costs deferred and included in prepaid expenses and other current assets on the consolidated balance sheets. During the nine months ended December 31, 2022 and the year ended March 31, 2022, offering costs totaling $78,088 and $0, respectively, were offset against proceeds from the ATM program in additional paid-in capital. Recent Accounting Pronouncements Pronouncements between December 31, 2022 and the date of this filing are not expected to have a significant impact on the Company's operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

DTRC Acquisition

DTRC Acquisition	9 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
DTRC Acquisition [Text Block]	NOTE 3 - DTRC Acquisition In May 2020, the Company entered into an agreement with DTRC (the "Agreement") which granted the Company the right to purchase approximately 64% of DTRC. The Company closed the acquisition in two tranches, one in October 2020 and then in March 2021. The Company determined that the acquisition of control of DTRC took place on October 15, 2020. For accounting purposes, the acquisition of DTRC has been treated as an acquisition of mineral properties and because of the acquisition $53,035,706 was allocated to mineral properties and the Company recorded a deferred tax liability of $9,811,882. DTRC Merger and Acquisition of Non-Controlling Interest Pursuant to the DTRC Merger agreement, (Note 4) the Company completed the acquisition of the remaining shares of DTRC (Notes 1 and 4) and DTRC became a wholly-owned subsidiary of the Company.

Non-Controlling Interest

Non-Controlling Interest	9 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Non-Controlling Interest [Text Block]	NOTE 4 - Non-Controlling Interest Non- Balance, March 31, 2021 $ 21,183,613 DTRC common stock issued 49,515,626 DTRC common stock issued for investment in mineral property 10,380,464 DTRC common stock issued upon conversion of debt 703,647 Stock-based compensation expense 19,592,502 Change in non-controlling interest (34,185,108 ) Net loss attributable to non-controlling interest (13,066,775 ) Issuance of stock for acquisition of NCI (48,799,274 ) Elimination of NCI on acquisition (5,324,695 ) Balance, March 31, 2022 $ - On March 31, 2022, pursuant to the DTRC Transaction, the Company acquired the remaining outstanding shares of DTRC (the "acquisition of NCI"), whereby the Company issued 35,209,316 shares to DTRC’s stockholders for the acquisition of 35,209,316 DTRC shares not previously owned by the Company resulting in the Company owning 100% of DTRC upon the closing of the transaction. The Company determined that each share issued pursuant to the DTRC Transaction had a fair value of $1.39, resulting in a $48,799,273 fair value of consideration, of which $35,209 was attributable to share capital and $48,764,065 attributable to additional paid-in capital. The purchase consideration was offset against the $54,123,969 NCI balance with $5,324,695 recorded to additional paid-in capital, being the difference between the fair value of the consideration paid and the carrying amount of the NCI on closing.

Mineral Rights and Properties

Mineral Rights and Properties	9 Months Ended
	Dec. 31, 2022
Mineral Industries Disclosures [Abstract]
Mineral Rights and Properties [Text Block]	NOTE 5 - 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, valued at $675,000, 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. 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), the Richmond Hill Option Area (2,615 patented acres) and additional lands and mineral rights throughout the district (6,364 patented acres) for a combination of surface and mineral lease rights covering a total of 46,226 acres. The Company has not established that any of its projects or properties contain proven or probable gold reserves under S-K 1300. As of December 31, 2022, and March 31, 2022, the carrying cost of Company's mineral properties totaled $78,737,287 and $76,962,958, respectively. As of December 31, 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 expenses are not allocated to specific properties.

Property and Equipment

Property and Equipment	9 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	NOTE 6 - Property and Equipment As of December 31, 2022, and March 31, 2022, the Company's property and equipment consists of the following: Estimated Useful Life (Years) December 31, 2022 March 31, 2022 Land $ 70,000 $ 70,000 Building 39 768,338 699,975 Furniture and equipment 3 to 5 754,969 626,133 1,593,307 1,396,108 Less accumulated depreciation (326,517 ) (167,096 ) Property and equipment, net $ 1,266,790 $ 1,229,012 Depreciation expense for the nine months ended December 31, 2022 and year ended March 31, 2022, was $159,421 and $134,004 respectively.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities [Text Block]	NOTE 7 - Accounts Payable and Accrued Liabilities As of December 31, 2022, and March 31, 2022, the Company's accounts payable and accrued liabilities consists of the following: December 31, 2022 March 31, 2022 Trade payables $ 1,752,312 $ 2,051,569 Accrued liabilities 634,953 467,965 Other 127,598 17,620 $ 2,514,863 $ 2,537,154

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	NOTE 8 - Related Party Transactions The Company has engaged in related party transactions that involve its officers and directors and/or companies controlled by the officers and directors. Following is an analysis of related party transactions: Mr. Gerald Aberle was DTRC's former President and Chief Executive Officer and is currently Chief Operating Officer of the Company. He is also a director and significant stockholder 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. The accrued consulting fee was not paid from the inception of the agreement through October 2020. In October 2020, DTRC paid Jerikodie $200,000 of the $729,500 owed to it for accrued 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, DTRC and Jerikodie settled the outstanding 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 nine months ended December 31, 2022 and year ended March 31, 2022, DTRC paid Jerikodie approximately $0 and $66,000, respectively, for consulting fees, in addition to $25,000 in the year ended March 31, 2022, for the extinguishment of a net smelter royalty on the Blind Gold Property disclosed below. Effective April 15, 2021, the agreement with Jerikodie was terminated. DTRC engaged a company controlled by a family member of Mr. Aberle, for the purpose of providing general labor and during the nine months ended December 31, 2022 and year ended March 31, 2022, incurred approximately $19,000 and $56,000 in costs, respectively. Mr. Richard Bachman was DTRC's former Chief Geological Officer. He is also a significant stockholder 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. DTRC 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, DTRC repaid $40,145 of the unsecured loans, plus accrued interest of $6,095. In October 2020, DTRC 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, DTRC and Mr. Bachman settled the outstanding 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 October 2020, DTRC issued a note payable to WCM Associates, LP ("WCM"), an entity controlled by DTRC's former CFO, in the amount of $123,000, bearing interest at 0.25% per year, for amounts owed for consulting fees. The note was paid in full. During the nine months ended December 31, 2022 and year ended March 31, 2022, DTRC incurred $0 and $6,000, respectively, for consulting fees with WCM. WCM's services were discontinued at the end of May 2021. 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, DTRC extinguished the royalty by paying Messrs. Aberle and Bachman $25,000 each.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	NOTE 9 - Income Taxes The following table sets forth a reconciliation of the statutory federal income tax for the nine months ended December 31, 2022 and year ended March 31, 2022: December 31, 2022 March 31, 2022 Income tax benefit computed at federal statutory rates $ (4,516,175 ) $ (6,579,200 ) Non-deductible expenses 20,911 28,794 Non-deductible stock-based compensation 209,213 - Change in valuation allowance 1,704,445 1,810,449 Other 256,450 (945,478 ) Total current income tax expense and deferred tax benefit - net $ (2,325,156 ) $ (5,685,435 ) 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. Management has established a valuation allowance on certain deferred tax assets because of the underlying the deferred tax benefit may not be realized. Significant components of our deferred tax assets and liabilities as of December 31, 2022, and March 31, 2022 are as follows: December 31, 2022 March 31, 2022 Deferred tax assets: Net operating losses $ 7,123,439 $ 5,228,305 Net capital losses - 36,685 Stock-based compensation 2,147,387 2,607,150 Total 9,270,826 7,872,140 Less: valuation allowance (3,514,894 ) (1,810,449 ) Total deferred tax assets 5,755,932 6,061,691 Deferred tax liability: Property and equipment (25,460 ) (47,384 ) Mineral properties (7,079,154 ) (9,727,330 ) Other 16,562 - Total deferred tax liabilities (7,088,050 ) (9,774,714 ) Net deferred tax liability $ (1,332,118 ) $ (3,713,023 ) Of a total of approximately $34 million of net operating loss carry forward, approximately $8.5 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 December 31, 2022, and March 31, 2022. We file income tax returns in the United States federally and in one state jurisdiction and in Canada. 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.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity [Text Block]	NOTE 10 - 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 shares represented at a meeting, and other general stockholder action (other than an amendment to our Articles of Incorporation) requires the affirmative vote of a 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 nine months ended December 31, 2022 During the nine months ended December 31, 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 5), (iii) 3,607 shares of common stock pursuant to an exercise of warrants for proceeds of $7,503 and (iv) 962,750 shares of common stock (see "RSU" below) to employees of the Company for the settlement of RSUs which vested on June 4, 2022. 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 ATM Program. Under the ATM Program, the Company may offer and sell shares of common stock having aggregate proceeds of up to $50 million, from time to time, through any of the Sales Agents. On November 1, 2022, following establishment of the ATM program, the Company issued 1,000,000 shares from the ATM program at an average price of $3.10 for gross proceeds of $3.1 million. Subsequent to December 31, 2022, the Company utilized its ATM to raise gross proceeds of approximately $5 million. Share Issuances during the year ended March 31, 2022 During the year ended March 31, 2022, 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) and one-half of one 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 year ended March 31, 2022 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 year ended March 31, 2022, DTRC also issued (i) 2,160,239 shares of DTRC common stock valued at $10,380,464 for investment in mineral properties (Note 5), (ii) 144,612 shares of DTRC common stock valued at $703,647 for settlements of debt (Note 8), and (iii) 1,450,000 shares of DTRC common stock valued at $7,177,500 (see "Restricted Stock Units" below) to directors, employees and consultants of the Company pursuant to the Company's RSU plan. All common stock issued was valued at the closing price on the dates of issuance. Stock Options Issued by DTRC On March 11, 2021, DTRC's board of directors adopted a plan entitled the "2021 Stock Incentive Plan." The 2021 Stock Incentive Plan had a total of 6,250,000 common stock purchase options available for award to DTRC's directors, executive officers and consultants. As of March 31, 2022, just prior to the DTRC Merger, a total of 1,750,625 shares of DTRC's common stock remained available for future grants under the 2021 Stock Incentive Plan. Pursuant to the DTRC Merger (Note 3), on March 31, 2022, Company cancelled DTRCs outstanding stock options and replaced them with options of Dakota Gold Corp. ("DGC") with the same terms and provisions. In March 2022, the Company's Board of Directors adopted the "2022 Stock Incentive Plan". 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, a Restricted Stock Unit ("RSU") or a Performance Stock Unit ("PSU"). As of December 31, 2022, a total of 4,720,453 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 nine months ended December 31, 2022, the Company issued a total of 871,447 stock options with a weighted average exercise price of $3.26, exercisable for up to five years. The Company recognized stock-based compensation related to issuance of stock options totaling $1,868,636 during the nine months ended December 31, 2022, of which $448,991 was allocated to exploration expenses and $1,419,645 was allocated to administrative expenses, based upon the primary activities of the grantees. The assumptions used to calculate the grant date fair value were as follows: risk-free interest rate ranging from 3.15% - 3.77%, estimated volatility of 65%, dividend yield of 0%, and expected life of 2.74 - 3.85 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. During the year ended March 31, 2022, DTRC granted a total of 2,571,250 stock options with a weighted average exercise price of $4.77, exercisable for up to five years. DTRC recognized stock-based compensation related to issuance of stock options totaling $7,829,425 during the year ended March 31, 2022, of which $1,444,497 was allocated to exploration expenses and $6,384,928 was allocated to administrative expenses. During the year ended March 31, 2022, the Company estimated the fair value of each stock option to have a weighted average grant date fair value of $2.90 per share using a Black Scholes valuation model. The assumptions used to calculate the grant date fair value were as follows: risk-free interest rate ranging from 0.82% - 1.28%, estimated volatility of 100%, dividend yield of 0%, and expected life of 4.5 years. The stock-based compensation expense related to the options has been recognized in the consolidated financial statements since the grant date and the fair value, determined at the initial grant date using Black-Scholes, will continue to be amortized over the vesting period. A Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.86 $ 285,000 Options granted 2,571,250 4.77 - - Options expired (5,208 ) - - - Options forfeited/cancelled (41,667 ) 2.63 - - Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 3,166,100 Canceled on acquisition of NCI (3,349,375 ) $ - - $ - Outstanding as of March 31, 2022 - $ - - $ - A Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Value Outstanding as of March 31, 2021 - $ - - $ Options issued upon acquisition of non-controlling interest 3,349,375 4.06 4.12 Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 1,141,438 Options granted 871,447 3.26 Options forfeited/cancelled (183,750 ) 4.76 Options exercised (37,500 ) 0.32 Outstanding as of December 31, 2022 3,999,572 $ 3.93 3.68 $ 937,420 Options exercisable as of December 31, 2022 2,337,500 $ 3.87 3.36 $ 914,563 As $1.6 A summary of the Company's options outstanding at December 31, 2022 follows: Number of options Exercise price Remaining life Expiry date (years) 37,500 $ 0.32 2.01 January 1, 2025 718,750 $ 1.92 3.21 March 15, 2026 1,871,875 $ 4.76 3.38 May 17, 2026 200,000 $ 5.09 3.71 September 13, 2026 300,000 $ 4.64 3.80 October 18, 2026 571,447 $ 3.01 4.67 September 1, 2027 300,000 $ 3.74 4.89 November 18, 2027 3,999,572 Warrants During the nine months ended December 31, 2022 the Company issued no warrants. During the year ended March 31, 2022, the Company issued 252,525 warrants with an exercise price of $2.08 per warrant in connection with various private placements. ASC 480, Distinguishing Liabilities from Equity A summary of changes of warrant activities is as follows: Warrants Weighted exercise price Balance, March 31, 2021 7,363,193 $ 2.08 Issued 252,525 2.08 Balance, March 31, 2022 7,615,718 $ 2.08 Exercised (3,607 ) 2.08 Balance, December 31, 2022 7,612,111 $ 2.08 As of December 31, 2022, all 7,612,111 warrants, all with a remaining life of 3.20 years, expire on March 15, 2026. 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 nine months ended December 31, 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 Company recognized stock-based compensation expense related to the vesting of RSUs and PSUs totaling $1,595,763 for the nine months ended December 31, 2022, of which $264,315 was allocated to exploration expenses and $1,331,448 allocated to administrative expenses. As of December 31, 2022, there was $1,539,887 of total unrecognized compensation cost related to unvested RSUs and PSUs, which will be recognized over a weighted average period of 1.42 years. Allocations are based upon the primary activities of the grantees. During the year ended March 31, 2022, DTRC issued 1,150,000 RSUs with a fair value of $4.95 per share, vesting on June 4, 2022, to certain directors, employees and consultants to the Company. The stock-based compensation expense related to the RSUs is recognized in 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 fair value was determined at the grant date based on the closing price of the underlying securities. DTRC recognized stock-based compensation related to the issuance of RSUs totaling $4,585,577 during the year ended March 31, 2022, of which $415,371 was allocated to exploration expenses and $4,170,206 was allocated to administrative expenses based upon the primary activities of the grantees. On June 6, 2022, 800,000 of DTRC’s RSUs were settled and on December 16, 2022, the remaining 350,000 RSUs were net settled. A summary of RSU and PSU awards outstanding and activity during the nine months ended December 31, 2022 are as follows: Number of RSU Awards Weighted- average grant date fair value per award Number of PSU Awards Weighted- average date fair value per award Outstanding at March 31, 2022 1,150,000 $ 4.95 - $ - Settled (1,150,000 ) 4.95 - - Granted 545,260 3.17 112,840 2.99 Outstanding at December 31, 2022 545,260 $ 3.17 112,840 $ 2.99 Bonus Shares Issued by DTRC During the year ended March 31, 2022, 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 expenses and $5,940,000 to general and administrative expenses based upon the primary activities of the grantees.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	NOTE 11 - 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.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Change in Fiscal Year [Policy Text Block]	Change in Fiscal Year In August 2022, the Board of Directors of the Company, pursuant to the bylaws and based upon the recommendation of its Audit Committee, approved a change in the Company’s fiscal year end from March 31 to December 31. The Company’s fiscal year now begins on January 1 and ends on December 31 of each year, starting on January 1, 2023. The required transition period of April 1, 2022 to December 31, 2022 is included in the consolidated financial statements. For comparative purposes, the unaudited consolidated statements of operations and consolidated statements of cash flows for the nine months ended December 31, 2021 are also presented.
Basis of Consolidation [Policy Text Block]	Basis of Consolidation As at March 31 and December 31, 2022, these consolidated financial statements include the accounts of the Company and the following 100%-owned subsidiaries: DTRC, LLC (incorporated in USA), JR Resources (Canada) Services Corp. (incorporated in Canada), Dakota Gold Holdings LLC (incorporated in USA) and Dakota Gold (Canada) Services Corp. (incorporated in Canada). All intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation.
Non-controlling Interest [Policy Text Block]	Non-controlling Interest Non-controlling interest ("NCI") represents the portion of a subsidiary's earnings and losses and net assets that are not owned by the Company. If losses in a subsidiary applicable to a non-controlling interest exceed the non-controlling interest in the subsidiary's equity, the excess is allocated to the non-controlling interest except to the extent that the majority interest holder has a binding obligation and is able to cover the losses. The Company initially recognizes a non-controlling interest in an asset acquisition on the date of acquisition at its fair value. Subsequent to initial recognition and measurement a non-controlling interest is allocated its share of net income or loss, and its respective share of each component of other comprehensive income of the consolidated subsidiary.
Use of Estimates [Policy Text Block]	Use of Estimates The preparation of the Company's financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Significant items subject to such estimates include, valuation of stock-based compensation and impairment of long-lived assets. Actual results could differ from the amounts recorded in these consolidated financial statements.
Foreign Currency [Policy Text Block]	Functional Currency The financial position and results of operations of the Company's Canadian subsidiaries are measured using the U.S. dollar as the functional currency. Accordingly, there is no translation gain or loss associated with these operations. Transaction gains and losses related to foreign currency monetary assets and liabilities where the functional currency is the U.S. dollar are remeasured at current exchange rates and the resulting adjustments are included in the accompanying consolidated statements of operations.
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company is exposed to credit risk from its deposits of cash in excess of amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses on its deposits of cash.
Property and Equipment [Policy Text Block]	Property and Equipment Property and equipment consist primarily of land, buildings, office furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life which ranges from 3-39 years depending upon asset type.
Mineral Rights and Properties [Policy Text Block]	Mineral Rights and Properties The Company has been in the exploration stage since inception and has not yet realized any revenues. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. There has been no mine development to date. If the Company determines it will no longer continue with exploration in an area where costs have been capitalized, the directly associated costs will be reviewed for impairment. Costs of abandoned projects are expensed, including related property and equipment costs. Impairment or Disposal of Long-Lived Assets The Company assesses the possibility of impairment in the carrying value of its long-lived assets (property and equipment and mineral rights and properties) whenever events or circumstances indicate that the carrying amounts of the asset or assets group may not be recoverable. The Company calculates the estimated recoverable amount of the asset or assets based upon expected future undiscounted cash flows. When the carrying value of an asset exceeds the related undiscounted cash flows, the asset is written down to its estimated fair value, which is usually determined using discounted future cash flows or estimated sale value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets
Fair Value Measurements [Policy Text Block]	Fair Value Measurements The Company accounts for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures ● ● ● The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable and accounts payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature or the underlying terms are consistent with market terms. The Company follows the provisions of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 820-10 for nonfinancial assets and liabilities measured at fair value on a nonrecurring basis. As it relates to the Company, this applies to certain nonfinancial assets and liabilities acquired in business combinations.
Environmental Costs [Policy Text Block]	Environmental Costs Environmental expenditures that relate to current operations are expensed as appropriate. Expenditures that relate to an existing condition caused by past operations, and which do not contribute to current or future revenue, generally are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable, and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of the completion of a feasibility study or the Company's commitment to a plan of action based on the then known facts.
Income Taxes [Policy Text Block]	Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes The Company recognizes and measures a tax benefit from uncertain tax positions when it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company adjusts these liabilities when its judgement changes as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate or future recognition of an unrecognized tax benefit. These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined. The Company recognizes interest and penalties related to unrecognized tax positions within the income tax expense line in the statements of operations.
Basic and Diluted Earnings (Loss) Per Share [Policy Text Block]	Basic and Diluted Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share amounts pursuant to the provisions of ASC 260, Earnings per Share The dilutive effect of outstanding options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The effect of the Company's outstanding options and warrants were excluded for both the nine months ended December 31, 2022 and the year ended March 31, 2022, because they were anti-dilutive (Note 10).
Stock-Based Compensation [Policy Text Block]	Stock-Based Compensation The Company estimates the fair value of stock-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Compensation - Stock Compensation
Deferred Offering Costs [Policy Text Block]	Deferred Offering Costs The Company capitalizes costs directly associated with equity financings until such financings are consummated, at which time such costs are recorded in additional paid-in capital against the gross proceeds of the equity financings. Costs associated with the shelf registration statement on Form S-3 (the “ATM program”), filed with the SEC on July 15, 2022, have been capitalized and will be reclassified to additional paid-in capital on a pro rata basis when the Company completes offerings under the shelf registration. Any remaining unamortized costs will be expensed immediately should the Company terminate the ATM program prior to raising the full $50 million. During the nine months ended December 31, 2022 and year ended March 31, 2022, ATM program-related legal and consulting fees totaling $438,740 and $0, respectively, had been incurred. As of December 31, 2022 and March 31, 2022, there was $360,651 and $0, respectively, of such costs deferred and included in prepaid expenses and other current assets on the consolidated balance sheets. During the nine months ended December 31, 2022 and the year ended March 31, 2022, offering costs totaling $78,088 and $0, respectively, were offset against proceeds from the ATM program in additional paid-in capital.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements Pronouncements between December 31, 2022 and the date of this filing are not expected to have a significant impact on the Company's operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

Non-Controlling Interest (Table

Non-Controlling Interest (Tables)	9 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Schedule of non-controlling interest [Table Text Block]	Balance, March 31, 2021 $ 21,183,613 DTRC common stock issued 49,515,626 DTRC common stock issued for investment in mineral property 10,380,464 DTRC common stock issued upon conversion of debt 703,647 Stock-based compensation expense 19,592,502 Change in non-controlling interest (34,185,108 ) Net loss attributable to non-controlling interest (13,066,775 ) Issuance of stock for acquisition of NCI (48,799,274 ) Elimination of NCI on acquisition (5,324,695 ) Balance, March 31, 2022 $ -

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated Useful Life (Years) December 31, 2022 March 31, 2022 Land $ 70,000 $ 70,000 Building 39 768,338 699,975 Furniture and equipment 3 to 5 754,969 626,133 1,593,307 1,396,108 Less accumulated depreciation (326,517 ) (167,096 ) Property and equipment, net $ 1,266,790 $ 1,229,012

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of accounts payable and accrued liabilities [Table Text Block]	December 31, 2022 March 31, 2022 Trade payables $ 1,752,312 $ 2,051,569 Accrued liabilities 634,953 467,965 Other 127,598 17,620 $ 2,514,863 $ 2,537,154

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit) [Table Text Block]	December 31, 2022 March 31, 2022 Income tax benefit computed at federal statutory rates $ (4,516,175 ) $ (6,579,200 ) Non-deductible expenses 20,911 28,794 Non-deductible stock-based compensation 209,213 - Change in valuation allowance 1,704,445 1,810,449 Other 256,450 (945,478 ) Total current income tax expense and deferred tax benefit - net $ (2,325,156 ) $ (5,685,435 )
Schedule of deferred tax assets and liabilities [Table Text Block]	December 31, 2022 March 31, 2022 Deferred tax assets: Net operating losses $ 7,123,439 $ 5,228,305 Net capital losses - 36,685 Stock-based compensation 2,147,387 2,607,150 Total 9,270,826 7,872,140 Less: valuation allowance (3,514,894 ) (1,810,449 ) Total deferred tax assets 5,755,932 6,061,691 Deferred tax liability: Property and equipment (25,460 ) (47,384 ) Mineral properties (7,079,154 ) (9,727,330 ) Other 16,562 - Total deferred tax liabilities (7,088,050 ) (9,774,714 ) Net deferred tax liability $ (1,332,118 ) $ (3,713,023 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of stock option activity and related information [Table Text Block]	Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Value Outstanding as of March 31, 2021 - $ - - $ Options issued upon acquisition of non-controlling interest 3,349,375 4.06 4.12 Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 1,141,438 Options granted 871,447 3.26 Options forfeited/cancelled (183,750 ) 4.76 Options exercised (37,500 ) 0.32 Outstanding as of December 31, 2022 3,999,572 $ 3.93 3.68 $ 937,420 Options exercisable as of December 31, 2022 2,337,500 $ 3.87 3.36 $ 914,563
Schedule of options outstanding [Table Text Block]	Number of options Exercise price Remaining life Expiry date (years) 37,500 $ 0.32 2.01 January 1, 2025 718,750 $ 1.92 3.21 March 15, 2026 1,871,875 $ 4.76 3.38 May 17, 2026 200,000 $ 5.09 3.71 September 13, 2026 300,000 $ 4.64 3.80 October 18, 2026 571,447 $ 3.01 4.67 September 1, 2027 300,000 $ 3.74 4.89 November 18, 2027 3,999,572
Schedule of changes of warrant activity [Table Text Block]	Warrants Weighted exercise price Balance, March 31, 2021 7,363,193 $ 2.08 Issued 252,525 2.08 Balance, March 31, 2022 7,615,718 $ 2.08 Exercised (3,607 ) 2.08 Balance, December 31, 2022 7,612,111 $ 2.08
Schedule of RSU and PSU awards activity [Table Text Block]	Number of RSU Awards Weighted- average grant date fair value per award Number of PSU Awards Weighted- average date fair value per award Outstanding at March 31, 2022 1,150,000 $ 4.95 - $ - Settled (1,150,000 ) 4.95 - - Granted 545,260 3.17 112,840 2.99 Outstanding at December 31, 2022 545,260 $ 3.17 112,840 $ 2.99
DTRC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of stock option activity and related information [Table Text Block]	Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Value Outstanding as of March 31, 2021 825,000 $ 1.77 4.86 $ 285,000 Options granted 2,571,250 4.77 - - Options expired (5,208 ) - - - Options forfeited/cancelled (41,667 ) 2.63 - - Outstanding as of March 31, 2022 3,349,375 $ 4.06 4.12 $ 3,166,100 Canceled on acquisition of NCI (3,349,375 ) $ - - $ - Outstanding as of March 31, 2022 - $ - - $ -

Organization and Nature of Bu_2

Organization and Nature of Business (Narrative) (Details) - USD ($)		9 Months Ended		12 Months Ended
	Mar. 08, 2022	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 07, 2022	Sep. 10, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Entity incorporation, date of incorporation		Nov. 15, 2017
Cash		$ 23,900,000
Working capital		22,100,000
Proceeds from sale of common stock on at-the market ("ATM") program		$ 3,100,000	$ 0	$ 0
Description of reverse stock split	On March 8, 2022, the Company completed a reverse split of its common stock on a 1 for 0.721512 share basis, par value $0.001 per share (the "Reverse Stock Split"). As a result of the Reverse Stock Split, each share of common stock issued and outstanding was automatically decreased to approximately 0.721512 of a share of issued and outstanding common stock, without any change in the par value per share. All information related to the Company's common stock, warrants and earnings or loss per share were retroactively adjusted to give effect to the Reverse Stock Split for all periods presented. To effect the Reverse Stock Split, on March 8, 2022, the Company filed a certificate of change with the Nevada Secretary of State to decrease the number of authorized shares from 200,000,000 to 144,302,330 shares of common stock, par value of $0.001 per share.
Common stock, shares authorized	144,302,330	144,302,330		144,302,330	200,000,000
Common stock, par or stated value per share	$ 0.001	$ 0.001		$ 0.001
Percentage of outstanding shares of common stock		100%				51%
ATM Program - Subsequent event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from sale of common stock on at-the market ("ATM") program		$ 5,000,000
DTRC's former stockholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of outstanding shares of common stock						49%

Summary of Accounting Policie_2

Summary of Accounting Policies (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended		12 Months Ended
	Oct. 21, 2022	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Sep. 10, 2021
Financing Receivable, Impaired [Line Items]
Percentage owned		100%			51%
Property, plant and equipment, estimated useful lives		3-39 years
Deferred ATM offering costs offset against additional paid-in capital		$ 78,088	$ 0	$ 0
ATM Program [Member]
Financing Receivable, Impaired [Line Items]
Maximum proceeds from sale of common stock on at-the market ("ATM") program	$ 50,000,000	50,000,000
Legal and consulting costs		438,740		0
Deferred costs included in prepaid expenses and other current assets		360,651		0
Deferred ATM offering costs offset against additional paid-in capital		$ 78,088		$ 0

DTRC Acquisition (Narrative) (D

DTRC Acquisition (Narrative) (Details) - DTRC [Member] - USD ($)	Oct. 31, 2020	May 31, 2020
Business Acquisition [Line Items]
Percentage of voting interests acquired		64%
Mineral properties	$ 53,035,706
Deferred tax liability	$ 9,811,882

Non-Controlling Interest (Narra

Non-Controlling Interest (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2022	Sep. 10, 2021
Noncontrolling Interest [Line Items]
Percentage owned		100%	51%
DTRC [Member]
Noncontrolling Interest [Line Items]
Percentage owned	100%
Number of acquisition shares issued	35,209,316
Purchase price, per share	$ 1.39
Fair value of consideration	$ 48,799,273
Share Capital [Member]
Noncontrolling Interest [Line Items]
Issuance of stock for acquisition of non-controlling interest	35,209
Additional Paid-in Capital [Member]
Noncontrolling Interest [Line Items]
Issuance of stock for acquisition of non-controlling interest	48,764,065
Elimination of non-controlling interest on acquisition	5,324,695
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Fair value of consideration	54,123,969
Issuance of stock for acquisition of non-controlling interest	(48,799,274)
Elimination of non-controlling interest on acquisition	$ (5,324,695)

Non-Controlling Interest - Sche

Non-Controlling Interest - Schedule of non-controlling interest (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Noncontrolling Interest [Line Items]
DTRC common stock issued			$ 49,515,626
DTRC common stock issued for purchase of mineral property	$ 675,000		10,380,464
DTRC common stock issued upon conversion of debt			703,647
Stock-based compensation expense	3,464,400		19,592,502
Common stock issued upon exercise of stock options	12,000
Less: Net loss attributable to non-controlling interest	0	$ (9,612,875)	(13,066,775)
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Opening balance	$ 0	$ 21,183,613	21,183,613
DTRC common stock issued			49,515,626
DTRC common stock issued for purchase of mineral property			10,380,464
DTRC common stock issued upon conversion of debt			703,647
Stock-based compensation expense			19,592,502
Change in non-controlling interest			(34,185,108)
Less: Net loss attributable to non-controlling interest			(13,066,775)
Issuance of stock for acquisition of NCI			(48,799,274)
Elimination of NCI on acquisition			(5,324,695)
Ending balance			$ 0

Mineral Rights and Properties (

Mineral Rights and Properties (Narrative) (Details)			1 Months Ended	9 Months Ended		12 Months Ended
	Oct. 14, 2021 USD ($) a shares	Sep. 07, 2021 USD ($) a shares	Oct. 26, 2020 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Area of land | a				46,226
Payment to purchase mineral property				$ 1,099,329	$ 6,179,873	$ 8,650,700
DTRC common stock issued for purchase of mineral property				675,000		10,380,464
Mineral properties				$ 78,737,287		$ 76,962,958
Richmond Hill Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a				2,615
DTRC common stock issued for purchase of mineral property	$ 675,000
Common stock issued for investment in mineral properties (Shares) | shares	180,000
Surface Rights And Certain Residual Facilities [Member]
Property, Plant and Equipment [Line Items]
Area of land | a				6,364
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				$ 1,931
Area of land | a				33,475
Barrick Gold Corporation [Member] | Maitland Gold Property [Member]
Property, Plant and Equipment [Line Items]
DTRC common stock issued for purchase of 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
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
DTRC common stock issued for purchase of mineral property	$ 1,816,000
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%
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
DTRC common stock issued for purchase of mineral property		$ 4,850,000
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%

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 159,421	$ 103,411	$ 134,004

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	9 Months Ended
	Dec. 31, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,593,307	$ 1,396,108
Less accumulated depreciation	(326,517)	(167,096)
Property and equipment, net	1,266,790	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	$ 768,338	699,975
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 754,969	$ 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 accounts payable and accrued liabilities (Details) - USD ($)	Dec. 31, 2022	Mar. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 1,752,312	$ 2,051,569
Accrued liabilities	634,953	467,965
Other	127,598	17,620
Accounts Payable and Accrued Liabilities	$ 2,514,863	$ 2,537,154

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)		1 Months Ended						9 Months Ended		12 Months Ended
	Jun. 01, 2020	Aug. 31, 2021	Jul. 31, 2021	Dec. 31, 2020	Oct. 31, 2020	Jun. 30, 2020	Oct. 31, 2005	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Feb. 29, 2012
Related Party Transaction [Line Items]
Weighted average exercise price of share options, granted								$ 3.26
Proceeds from stock options exercised								$ 12,000	$ 0	$ 0
Loss on settlement of debt								0	$ 124,521	124,521
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
Interest rate					0.25%
Repayments of debt	$ 376,550
Number of shares issued	45,563
Settled debt amount	$ 529,544
Loss on settlement of debt	$ 92,045
Consulting fees								0		66,000
Related party costs								$ 19,000		56,000
Net smelter royalty										25,000
Mr. Richard Bachman [Member]
Related Party Transaction [Line Items]
Payment to related party					$ 200,000
Note payable issued					$ 1,055,310
Interest rate					0.25%
Repayments of debt				$ 145,000
Unsecured loans					$ 795,500		$ 305,145
Accrued interest						$ 6,095
Repayments of unsecured debt						$ 40,145
Mr. Richard Bachman [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Interest rate								3%
Mr. Richard Bachman [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Interest rate								4%
Mr. Richard Bachman [Member] | Minera Teles Pires Inc [Member]
Related Party Transaction [Line Items]
Consulting fee per month							10,000
Repayments of debt			$ 425,165
Number of shares issued			99,049
Office rent and expenses							1,500
Consulting fee cash payment							5,000
Consulting fee deferred amount							$ 5,000
Note payable			$ 872,578
Loss on settlement of debt			$ 32,476
WCM Associates, LP [Member]
Related Party Transaction [Line Items]
Note payable issued					$ 123,000
Interest rate					0.25%
Consulting fees								$ 0		$ 6,000
Messrs. Aberle and Bachman [Member]
Related Party Transaction [Line Items]
Percentage of net smelter return royalty owned								5%
Extinguishment of royalty		$ 25,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Period Of Operating Loss Carry Forward [Line Items]
Net operating loss carry forward	$ 34
Expire in 2027 [Member]
Period Of Operating Loss Carry Forward [Line Items]
Net operating loss carry forward	$ 8.5

Income Taxes - Schedule of comp

Income Taxes - Schedule of components of income tax expense (benefit) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit computed at federal statutory rates	$ (4,516,175)	$ (6,579,200)
Non-deductible expenses	20,911	28,794
Non-deductible stock-based compensation	209,213	0
Change in valuation allowance	1,704,445	1,810,449
Other	256,450	(945,478)
Total current income tax expense and deferred tax benefit - net	$ (2,325,156)	$ (5,685,435)

Income Taxes - Schedule of defe

Income Taxes - Schedule of deferred tax assets and liabilities (Details) - USD ($)	Dec. 31, 2022	Mar. 31, 2022
Deferred tax assets:
Net operating losses	$ 7,123,439	$ 5,228,305
Net capital losses	0	36,685
Stock-based compensation	2,147,387	2,607,150
Total	9,270,826	7,872,140
Less: valuation allowance	(3,514,894)	(1,810,449)
Total deferred tax assets	5,755,932	6,061,691
Deferred tax liability:
Property and equipment	(25,460)	(47,384)
Mineral properties	(7,079,154)	(9,727,330)
Other	16,562	0
Total deferred tax liabilities	(7,088,050)	(9,774,714)
Net deferred tax liability	$ (1,332,118)	$ (3,713,023)

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)		1 Months Ended				9 Months Ended		12 Months Ended
	Aug. 02, 2021	Dec. 16, 2022	Oct. 21, 2022	Jul. 21, 2021	Jun. 23, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 08, 2022	Mar. 07, 2022	Mar. 31, 2021	Mar. 11, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized						144,302,330		144,302,330	144,302,330	200,000,000
Common stock, par or stated value per share						$ 0.001		$ 0.001	$ 0.001
Common stock issued for exercise of options (Shares)						37,500
Common stock issued upon exercise of stock options						$ 12,000
Proceeds from exercise of warrants						7,503	$ 0	$ 0
Proceeds from sale of common stock on at-the market ("ATM") program						3,100,000	0	0
Common stock issued for cash								318,572
Proceeds from sale of common stock						0	49,515,626	49,515,626
Common stock issuance costs						338,740	0	0
Cash received from issuance of shares						0	318,572	318,572
Proceeds from stock options exercised						$ 12,000	$ 0	$ 0
Number of share options granted						871,447
Weighted average exercise price of share options, granted						$ 3.26
Stock-based compensation expense						$ 1,868,636
Risk-free interest rate, minimum						3.15%
Risk-free interest rate, maximum						3.77%
Estimated volatility						65%
Dividend yield						0%
Unrecognized compensation cost related to unvested options						$ 1,600,000
Vesting period						1 year 1 month 24 days
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for exercise of options (Shares)						37,500
Common stock issued upon exercise of stock options						$ 37
Common stock issued for investment in mineral properties (Shares)						306,749
Common stock issued for exercise of warrants (Shares)						3,607
Common stock issued for restricted stock units ("RSUs") (Shares)						962,750
Number of common shares issued (Shares)								505,050
Common stock issued for cash								$ 505
Additional Paid-in Capital [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued upon exercise of stock options						$ 11,963
Common stock issued for investment in mineral properties						$ 1,500,000
Common stock issued for cash								318,067
Richmond Hill Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for investment in mineral properties (Shares)						180,000
Common stock issued for investment in mineral properties						$ 675,000
ATM Program [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Maximum proceeds from sale of common stock on at-the market ("ATM") program			$ 50,000,000			50,000,000
Number of common shares issued (Shares)			1,000,000
Weighted average price of common stock issued			$ 3.1
Proceeds from sale of common stock on at-the market ("ATM") program			$ 3,100,000
Legal and consulting costs						438,740		$ 0
ATM Program - Subsequent event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Proceeds from sale of common stock on at-the market ("ATM") program						$ 5,000,000
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
Units issuance costs								$ 381,428
Number of common stock purchased						50,000
Warrants issued, weighted average exercise price								$ 2.08
Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 448,991
General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 1,419,645
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life						2 years 8 months 26 days
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life						3 years 10 months 6 days
DTRC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for investment in mineral properties (Shares)								2,160,239
Common stock issued for investment in mineral properties								$ 10,380,464
Number of common shares issued (Shares)	120,550			8,734,611	2,311,000	11,166,161
Weighted average price of common stock issued	$ 4.5			$ 4.5	$ 4.5
Proceeds from sale of common stock	$ 542,475			$ 39,305,750	$ 10,399,500	$ 50,247,725
Common stock issuance costs						$ 732,099
Number of common shares issued in settlement of debt								144,612
Value of common shares issued in settlement of debt								$ 703,647
Number of common shares issued pursuant to RSU plan								1,450,000
Value of common shares issued pursuant to RSU plan								$ 7,177,500
Number of share options granted								2,571,250
Weighted average exercise price of share options, granted								$ 4.77
Stock-based compensation expense								$ 7,829,425
Weighted average grant date fair value of options								$ 2.9
Risk-free interest rate, minimum								0.82%
Risk-free interest rate, maximum								1.28%
Estimated volatility								100%
Dividend yield								0%
Expected life								4 years 6 months
Issuance of stock based compensation restricted stock units								$ 4,585,577
DTRC [Member] | 2021 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock purchase options available for award												6,250,000
Shares remaining available for future grants								1,750,625
Number of share options granted								2,571,250
Weighted average exercise price of share options, granted								$ 4.77
DTRC [Member] | 2022 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock purchase options available for award								6,250,000
Shares remaining available for future grants						4,720,453
Term of options						5 years
Vesting period						2 years
DTRC [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								$ 1,444,497
DTRC [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								$ 6,384,928
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] | Directors, employees and consultants [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								1,237,500
DTRC [Member] | Directors, employees and consultants [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								$ 5,940,000
Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants issued							252,525	252,525
Warrants issued, weighted average exercise price								$ 2.08
Number of warrants outstanding						7,612,111		7,615,718			7,363,193
Class of warrant, outstanding remaining life						3 years 2 months 12 days
Class of warrants, outstanding expiry date						Mar. 15, 2026
RSUs and PSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 1,595,763
Total unrecognized compensation cost related to unvested RSUs and PSUs						$ 1,539,887
Vesting period						1 year 5 months 1 day
RSUs and PSUs [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 264,315
RSUs and PSUs [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 1,331,448
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average grant date fair value of options								$ 4.95
Number of Restricted stock units issued								1,150,000
Fair value of units granted						$ 3.17
Vesting period of restricted stock units								Jun. 04, 2022
Number of restricted stock unit exercised		800,000
Number of restricted stock unit unexercised		350,000
Restricted Stock Units ("RSU") [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								$ 415,371
Restricted Stock Units ("RSU") [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense								$ 4,170,206

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of DTRC's stock option activity and related information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding, beginning of period	3,349,375	0
Weighted average exercise price at beginning of period	$ 4.06	$ 0
Aggregate intrinsic value, beginning balance	$ 1,141,438
Options granted	871,447
Weighted average exercise price of share options, granted	$ 3.26
Options exercised	(37,500)
Weighted average exercise price of share options exercised	$ 0.32
Options forfeited/cancelled	(183,750)
Weighted average exercise price of share options, forfeited/cancelled	$ 4.76
Options outstanding, end of period	3,999,572	3,349,375	0
Weighted average exercise price at end of period	$ 3.93	$ 4.06	$ 0
Options outstanding, weighted average remaining contractual life (in years)	3 years 8 months 4 days	4 years 1 month 13 days
Options outstanding, aggregate intrinsic value, ending balance	$ 937,420	$ 1,141,438
DTRC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted		2,571,250
Weighted average exercise price of share options, granted		$ 4.77
DTRC [Member] | 2021 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding, beginning of period	3,349,375	825,000
Weighted average exercise price at beginning of period	$ 4.06	$ 1.77
Aggregate intrinsic value, beginning balance	$ 3,166,100	$ 285,000
Options granted		2,571,250
Weighted average exercise price of share options, granted		$ 4.77
Options expired		(5,208)
Options forfeited/cancelled		(41,667)
Weighted average exercise price of share options, forfeited/cancelled		$ 2.63
Canceled on acquisition of NCI		(3,349,375)
Options outstanding, end of period		3,349,375	825,000
Weighted average exercise price at end of period		$ 4.06	$ 1.77
Options outstanding, weighted average remaining contractual life (in years)		4 years 1 month 13 days	4 years 10 months 9 days
Options outstanding, aggregate intrinsic value, ending balance		$ 3,166,100	$ 285,000

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of stock option activity and related information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Options outstanding, beginning of period	3,349,375	0
Weighted average exercise price at beginning of period	$ 4.06	$ 0
Options outstanding, weighted average remaining contractual life (in years)	3 years 8 months 4 days	4 years 1 month 13 days
Aggregate intrinsic value, beginning balance	$ 1,141,438
Options issued upon acquisition of non-controlling interest		3,349,375
Weighted average exercise price of options issued upon acquisition of non-controlling interest		$ 4.06
Remaining contractual life options issued upon acquisition of non-controlling interest		4 years 1 month 13 days
Options granted	871,447
Weighted average exercise price of share options, granted	$ 3.26
Options forfeited/cancelled	(183,750)
Weighted average exercise price of share options, forfeited/cancelled	$ 4.76
Options exercised	(37,500)
Weighted average exercise price of share options, exercised	$ 0.32
Options outstanding, end of period	3,999,572	3,349,375
Weighted average exercise price at end of period	$ 3.93	$ 4.06
Options outstanding, aggregate intrinsic value, ending balance	$ 937,420	$ 1,141,438
Number of options exercisable	2,337,500
Weighted average exercise price of options exercisable	$ 3.87
Options exercisable, weighted average remaining contractual life (in years)	3 years 4 months 9 days
Options exercisable, aggregate intrinsic value, ending balance	$ 914,563

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of options outstanding (Details) - $ / shares	9 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	3,999,572	3,349,375	0
Exercise price	$ 3.93	$ 4.06	$ 0
Options Outstanding 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	37,500
Exercise price	$ 0.32
Remaining life (years)	2 years 3 days
Expiry date	Jan. 01, 2025
Options Outstanding 2 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	718,750
Exercise price	$ 1.92
Remaining life (years)	3 years 2 months 15 days
Expiry date	Mar. 15, 2026
Options Outstanding 3 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	1,871,875
Exercise price	$ 4.76
Remaining life (years)	3 years 4 months 17 days
Expiry date	May 17, 2026
Options Outstanding 4 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	200,000
Exercise price	$ 5.09
Remaining life (years)	3 years 8 months 15 days
Expiry date	Sep. 13, 2026
Options Outstanding 5 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	300,000
Exercise price	$ 4.64
Remaining life (years)	3 years 9 months 18 days
Expiry date	Oct. 18, 2026
Options Outstanding 6 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	571,447
Exercise price	$ 3.01
Remaining life (years)	4 years 8 months 1 day
Expiry date	Sep. 01, 2027
Options Outstanding 7 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	300,000
Exercise price	$ 3.74
Remaining life (years)	4 years 10 months 20 days
Expiry date	Nov. 18, 2027

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of warrant activity (Details) - Warrants [Member] - $ / shares	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning of period	7,615,718	7,363,193	7,363,193
Warrants outstanding, weighted average exercise price, beginning of period	$ 2.08	$ 2.08	$ 2.08
Warrants issued		252,525	252,525
Warrants issued, weighted average exercise price			$ 2.08
Warrants exercised	(3,607)
Warrants exercised, weighted average exercise price	$ 2.08
Warrants outstanding, end of period	7,612,111		7,615,718
Warrants outstanding, weighted average exercise price, end of period	$ 2.08		$ 2.08

Stockholders' Equity - (Schedul

Stockholders' Equity - (Schedule of RSU and PSU awards activity) (Details)	9 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning | shares	1,150,000
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 4.95
Number of Awards, Settled | shares	(1,150,000)
Weighted-average grant date fair value per award, Settled | $ / shares	$ 4.95
Number of Awards, Granted | shares	545,260
Weighted-average grant date fair value per award, Granted | $ / shares	$ 3.17
Number of Awards Outstanding, Ending | shares	545,260
Weighted-average grant date fair value per award, Ending | $ / shares	$ 3.17
Performance Share Units "PSU" [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning | shares	0
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 0
Number of Awards, Settled | shares	0
Weighted-average grant date fair value per award, Settled | $ / shares	$ 0
Number of Awards, Granted | shares	112,840
Weighted-average grant date fair value per award, Granted | $ / shares	$ 2.99
Number of Awards Outstanding, Ending | shares	112,840
Weighted-average grant date fair value per award, Ending | $ / shares	$ 2.99