Dakota Gold (DC) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Document Information [Line Items]
Registrant Name	Dakota Gold Corp.
Registrant CIK	0001852353
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-41349
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		86,740,272
Common Stock [Member]
Document Information [Line Items]
Title of 12(g) Security	Common stock, par value $0.001 per share
Trading Symbol	DC
Security Exchange Name	NYSE
Warrants, each warrant exercisable for one share of the Registrant's common stock at an exercise price of $2.08 [Member]
Document Information [Line Items]
Title of 12(g) Security	Warrants, each warrant exercisable for one share of the Registrant's common stock at an exercise price of $2.08
Trading Symbol	DC.WS
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 12,755,451	$ 23,911,722
Receivable	128,988	107,356
Prepaid expenses and other current assets	539,470	618,913
Total current assets	13,423,909	24,637,991
Non-current assets
Mineral rights and properties	79,149,401	78,737,287
Property and equipment	2,001,872	1,266,790
Other assets	391,650	380,651
Total assets	94,966,832	105,022,719
Current liabilities
Accounts payable and accrued liabilities	2,069,911	2,514,863
Lease liabilities - current	133,150	0
Total current liabilities	2,203,061	2,514,863
Non-current liabilities
Lease liabilities	127,315	0
Deferred tax liability	458,141	1,332,118
Total liabilities	2,788,517	3,846,981
Commitments and contingencies	0	0
Stockholders' equity
Capital stock, par value $0.001; 300,000,000 shares of common stock authorized, 79,073,605 and 73,341,001 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	79,074	73,341
Additional paid-in capital	125,946,271	107,317,974
Accumulated deficit	(33,847,030)	(6,215,577)
Total stockholders' equity	92,178,315	101,175,738
Total liabilities and stockholders' equity	$ 94,966,832	$ 105,022,719

CONDENSED CONSOLIDATED INTERI_2

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	79,073,605	73,341,001
Common stock, shares outstanding	79,073,605	73,341,001

CONDENSED CONSOLIDATED INTERI_3

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating expenses
Exploration expenses	$ 6,944,976	$ 4,677,900	$ 21,381,844	$ 9,666,629
General and administrative expenses	1,915,041	2,396,284	7,231,744	12,125,899
Loss from operations	(8,860,017)	(7,074,184)	(28,613,588)	(21,792,528)
Other income (expenses)
Foreign exchange loss	(8,402)	(113,171)	(28,089)	(19,513)
Interest income	66,465	70,213	161,839	169,412
Total other income (expenses), net	58,063	(42,958)	133,750	149,899
Loss before income taxes	(8,801,954)	(7,117,142)	(28,479,838)	(21,642,629)
Income tax expense - current	(25,592)	0	(25,592)	0
Deferred income tax benefit	284,884	541,187	873,977	7,063,654
Net loss	(8,542,662)	(6,575,955)	(27,631,453)	(14,578,975)
Less: Net loss attributable to non-controlling interest	0	0	0	(3,453,900)
Net loss attributable to Dakota Gold Corp.	$ (8,542,662)	$ (6,575,955)	$ (27,631,453)	$ (11,125,075)
Basic loss per share	$ (0.11)	$ (0.09)	$ (0.36)	$ (0.16)
Diluted loss per share	$ (0.11)	$ (0.09)	$ (0.36)	$ (0.16)
Weighted average number of basic shares of common stock outstanding	78,076,879	72,030,959	75,971,667	71,414,721
Weighted average number of diluted shares of common stock outstanding	78,076,879	72,030,959	75,971,667	71,414,721

CONDENSED CONSOLIDATED INTERI_4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net loss	$ (27,631,453)	$ (14,578,975)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	237,349	132,243
Stock-based compensation expense	3,450,101	5,850,211
Deferred income tax benefit	(873,977)	(7,063,654)
Changes in assets and liabilities:
Receivable	(21,632)	(90,554)
Prepaid expenses and other current assets	79,443	(412,658)
Accounts payable and accrued liabilities	(444,952)	1,067,327
Net cash used in operating activities	(25,205,121)	(15,096,060)
Investing activities
Purchases of mineral rights and properties	(412,114)	(3,325,143)
Purchases of property and equipment	(711,966)	(300,285)
Reclamation deposit paid	0	(20,000)
Security deposits paid	(95,747)	0
Cash used in investing activities	(1,219,827)	(3,645,428)
Financing activities
Net proceeds from sale of common stock on at-the market ("ATM") program	15,441,134	0
Proceeds from exercise of stock options	72,000	12,000
Proceeds from exercise of warrants	18,757	7,503
Payments of income taxes on restricted stock units ("RSUs") and performance stock units ("PSUs")	(263,214)	0
Cash provided by financing activities	15,268,677	19,503
Net change in cash and cash equivalents	(11,156,271)	(18,721,985)
Cash and cash equivalents, beginning of period	23,911,722	46,790,482
Cash and cash equivalents, end of period	12,755,451	28,068,497
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Amortization of deferred ATM offering costs offset against additional paid-in capital	(153,637)	0
Common stock issued for purchase of mineral properties	0	2,275,000
Common stock issued for acquisition of non-controlling interest	$ 0	$ 48,799,274

CONDENSED CONSOLIDATED INTERI_5

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Non-Controlling Interest [Member]	Total
Beginning Balance at Dec. 31, 2021	$ 35,641	$ 44,001,171	$ 11,806,295	$ 55,346,251	$ 111,189,358
Beginning Balance (in shares) at Dec. 31, 2021	35,641,667
Dakota Territory Resource Corp. ("DTRC") common stock issued for purchase of mineral properties				1,600,000	1,600,000
Stock-based compensation expense				3,239,342	3,239,342
Change in non-controlling interest		2,607,724		(2,607,724)
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 (in shares)	35,208,728
Elimination of non-controlling interest on acquisition		5,324,695		(5,324,695)
Net earnings (loss)			1,259,605	(3,453,900)	(2,194,295)
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
Beginning Balance at Dec. 31, 2021	$ 35,641	44,001,171	11,806,295	55,346,251	$ 111,189,358
Beginning Balance (in shares) at Dec. 31, 2021	35,641,667
Common stock issued for RSUs (in shares)	800,000
Common stock issued for exercise of options (in shares)					37,500
Ending Balance at Sep. 30, 2022	$ 72,178	104,001,699	681,220		$ 104,755,097
Ending Balance (Shares) at Sep. 30, 2022	72,178,251
Beginning Balance at Mar. 31, 2022	$ 70,850	100,697,655	13,065,900		113,834,405
Beginning Balance (in shares) at Mar. 31, 2022	70,850,395
Dakota Territory Resource Corp. ("DTRC") common stock issued for purchase of mineral properties	$ 307	(307)
Dakota Territory Resource Corp. ("DTRC") common stock issued for purchase of mineral properties (in shares)	306,749
Common stock issued for RSUs	$ 800	(800)
Common stock issued for RSUs (in shares)	800,000
Common stock issued for exercise of options	$ 37	11,963			12,000
Common stock issued for exercise of options (in shares)	37,500
Stock-based compensation expense		1,922,517			1,922,517
Net earnings (loss)				$ (5,808,725)	(5,808,725)
Ending Balance at Jun. 30, 2022	$ 71,994	102,631,028	7,257,175		109,960,197
Ending Balance (Shares) at Jun. 30, 2022	71,994,644
Dakota Territory Resource Corp. ("DTRC") common stock issued for purchase of mineral properties	$ 180	674,820			675,000
Dakota Territory Resource Corp. ("DTRC") common stock issued for purchase of mineral properties (in shares)	180,000
Common stock issued for exercise of warrants	$ 4	7,499			7,503
Common stock issued for exercise of warrants (in shares)	3,607
Stock-based compensation expense		688,352			688,352
Net earnings (loss)			(6,575,955)		(6,575,955)
Ending Balance at Sep. 30, 2022	$ 72,178	104,001,699	681,220		104,755,097
Ending Balance (Shares) at Sep. 30, 2022	72,178,251
Beginning Balance at Dec. 31, 2022	$ 73,341	107,317,974	(6,215,577)		$ 101,175,738
Beginning Balance (in shares) at Dec. 31, 2022	73,341,001				73,341,001
Common stock issued for ATM program, net of amortized issuance costs	$ 1,887	4,860,987			$ 4,862,874
Common stock issued for ATM program, net of amortized issuance costs (in shares)	1,886,800
Common stock issued for PSUs	$ 19	(19)
Common stock issued for PSUs (in shares)	18,609
Payments of income taxes on PSUs		38,000			(38,000)
Common stock issued for exercise of options	$ 37	11,963			12,000
Common stock issued for exercise of options (in shares)	37,500
Common stock issued for exercise of warrants	$ 9	18,748			18,757
Common stock issued for exercise of warrants (in shares)	9,018
Stock-based compensation expense		1,292,734			1,292,734
Net earnings (loss)			(9,266,031)		(9,266,031)
Ending Balance at Mar. 31, 2023	$ 75,293	113,464,387	(15,481,608)		98,058,072
Ending Balance (Shares) at Mar. 31, 2023	75,292,928
Beginning Balance at Dec. 31, 2022	$ 73,341	107,317,974	(6,215,577)		$ 101,175,738
Beginning Balance (in shares) at Dec. 31, 2022	73,341,001				73,341,001
Common stock issued for PSUs (in shares)	18,609
Common stock issued for RSUs (in shares)	165,663
Common stock issued for exercise of options (in shares)					68,750
Ending Balance at Sep. 30, 2023	$ 79,074	125,946,271	(33,847,030)		$ 92,178,315
Ending Balance (Shares) at Sep. 30, 2023	79,073,605				79,073,605
Beginning Balance at Mar. 31, 2023	$ 75,293	113,464,387	(15,481,608)		$ 98,058,072
Beginning Balance (in shares) at Mar. 31, 2023	75,292,928
Common stock issued for ATM program, net of amortized issuance costs	$ 1,397	4,482,708			4,484,105
Common stock issued for ATM program, net of amortized issuance costs (in shares)	1,397,264
Common stock issued for RSUs	$ 166	(166)
Common stock issued for RSUs (in shares)	165,663
Payments of income taxes on RSUs		(225,214)			(225,214)
Stock-based compensation expense		1,256,498			1,256,498
Net earnings (loss)			(9,822,760)		(9,822,760)
Ending Balance at Jun. 30, 2023	$ 76,856	118,978,213	(25,304,368)		93,750,701
Ending Balance (Shares) at Jun. 30, 2023	76,855,855
Common stock issued for ATM program, net of amortized issuance costs	$ 2,187	6,007,220			6,009,407
Common stock issued for ATM program, net of amortized issuance costs (in shares)	2,186,500
Common stock issued for exercise of options	$ 31	59,969			60,000
Common stock issued for exercise of options (in shares)	31,250
Stock-based compensation expense		900,869			900,869
Net earnings (loss)			(8,542,662)		(8,542,662)
Ending Balance at Sep. 30, 2023	$ 79,074	$ 125,946,271	$ (33,847,030)		$ 92,178,315
Ending Balance (Shares) at Sep. 30, 2023	79,073,605				79,073,605

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2023
Organization And Nature Of Business [Abstract]
Organization and Nature of Business [Text Block]	Note 1 - Organization and Nature of Business Organization Dakota Gold Corp. ("we", "us", "our", 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, the DTRC Merger (defined below) and the acquisition of the remaining shares of Dakota Territory Resource Corp. ("DTRC") by the Company was completed. DTRC was merged with and into a subsidiary of the Company, with the subsidiary continuing as the surviving 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 declared mineral reserve or resource 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 (see Risk Factors in the Company's 10-KT for the 9-months ended December 31, 2022). Major expenditures are 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 Mineral rights and properties represent acquisition and holding costs and do not necessarily represent present or future recoverable values. The recoverability of the amounts shown for Mineral rights and properties is dependent upon the Company obtaining the necessary financing to complete the necessary exploration of the properties, the discovery of economically recoverable reserves, development of the properties and future profitable operations or through sale of the assets. These condensed consolidated interim financial statements for the three and nine months ended September 30, 2023 and 2022 ("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 September 30, 2023, 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 $12.76 million as at September 30, 2023, the Company's working capital of approximately $11.22 million, the anticipated ability to utilize the at-the market ("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 the date of filing of these financial statements, are factors demonstrating the Company's ability to continue as a going concern. Subsequent to September 30, 2023, the Company raised gross proceeds of $19.55 million through additional financing. On October 11, 2023, the Company entered into a binding agreement with OMF Fund IV SPV C LLC, an entity managed by Orion Mine Finance ("Orion"), for an investment of $17 million in the Company and a commitment from Orion for future financing support. On October 20, 2023, Orion purchased 6,666,667 shares of common stock of the Company at a price of $2.55 per share for aggregate gross proceeds of $17 million in a registered direct offering (the "Orion Equity Investment"). Following the closing of the Orion Equity Investment, Orion owns approximately 7.8% of the Company's issued and outstanding shares of common stock. Concurrent with the consummation of the Orion Equity Investment, the Company sold to Orion a 1% net smelter return royalty interest on certain properties held by the Company for total consideration of up to $1 million, with $75,000 paid at closing and the remaining $925,000 payable by Orion upon the achievement of certain development milestones. In connection with the Orion Equity Investment, Orion has been granted a right to match the terms of future financings of the Company (the "Matching Right"). Orion's Matching Right does not include any equity or convertible debt offering conducted by the Company on a non-brokered basis or conducted by banks or brokers with aggregate proceeds of up to $200 million (of which no more than $50 million may be in the form of unsecured convertible debt), including equity issuances from the Company's ATM offering program. Both the Orion Equity Investment and the Matching Right will expire on the earlier of (i) October 11, 2033, (ii) the date that is 24 months after the date the Company obtains all permits and planning approvals necessary for construction on one of its material properties, and (iii) the closing of a financing by the Company in the aggregate amount of at least $300 million, so long as the Company complied with its obligation to permit Orion to exercise its Matching Right. DTRC Merger Transaction On September 10, 2021, the Company and 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 with and 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 of the DTRC Merger, the former stockholders of DTRC and the Company owned approximately 49% and 51%, respectively, of the combined entity. 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.

Summary of Accounting Policies

Summary of Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Accounting Policies [Text Block]	Note 2 - Summary of Accounting Policies Basis of Presentation The interim Condensed Consolidated Financial Statements ("interim statements") of Dakota Gold Corp. have been prepared, without audit, in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and the rules of the U.S. Securities and Exchange Commission ("SEC") for interim statements, and should be read in conjunction with the Company's audited financial statements and the notes thereto for the nine-month transition period ended December 31, 2022 included in its Transition Report on Form 10-KT, as filed with the SEC on March 22, 2023. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent transition period ended December 31, 2022, as reported in the Company's Transition Report on Form 10-KT, have been omitted. The condensed consolidated balance sheet as of December 31, 2022 was derived from the audited financial statements of the Company and in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted. Basis of Consolidation The interim financial statements for the nine months ended September 30, 2023 and 2022 include the accounts of the Company and the following 100%-owned subsidiaries: DTRC, LLC (incorporated in the U.S.), JR Resources (Canada) Services Corp. (incorporated in Canada), Dakota Gold Holdings LLC (incorporated in the U.S.) 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.

Mineral Rights and Properties

Mineral Rights and Properties	9 Months Ended
	Sep. 30, 2023
Mineral Industries Disclosures [Abstract]
Mineral Rights and Properties [Text Block]	Note 3 - Mineral Rights and Properties Dakota Gold has 100% ownership of the interests in the Blind Gold, City Creek, Cambrian Unconformity, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, and South Lead / Whistler Gulch properties. In addition, we have 100% ownership in the properties covered by the Barrick Option and Richmond Hill Option projects upon exercise of the underlying option. The individual claims, properties, options, and leases are aggregated into a single unit mining property, hereinafter referred to as the Black Hills Property and are all in the heart of the Homestake District of South Dakota, USA. In total, the Black Hills Property consists of 1,950 unpatented mining claims (33,596 unpatented acres), the Homestake Option area (4,261 patented acres), the Richmond Hill Option area (2,126 patented acres), and additional lands and mineral rights throughout the district (6,401 patented acres) for a combination of surface and mineral lease rights covering a total of 46,384 acres. The Company has not established that any of its projects or properties contain proven or probable gold reserves under Subpart 1300 of Regulation S-K promulgated by the SEC S-K 1300. The carrying cost of the Company's mineral properties totaled $79,149,401 and $78,737,287 as of September 30, 2023 and December 31, 2022, respectively. The Company has not commenced amortization of its mineral 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
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	Note 4 - Property and Equipment A summary of the Company's property and equipment is as follows: Estimated Useful Life (Years) September 30, 2023 December 31, 2022 Land $ 418,884 $ 70,000 Building 39 1,087,089 768,338 Furniture and equipment 3 to 5 799,300 754,969 Operating lease assets 2 to 5 260,465 - 2,565,738 1,593,307 Less accumulated depreciation (563,866 ) (326,517 ) Property and equipment, net $ 2,001,872 $ 1,266,790 Depreciation expense for the three and nine months ended September 30, 2023 was $113,364 and $237,349, respectively (three and nine months ended September 30, 2022 - $53,432 and $132,243, respectively) and is included in general and administrative expenses. Operating lease assets are amortized on a straight-line basis for the remaining lives of their respective lease terms.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities [Text Block]	Note 5 - Accounts Payable and Accrued Liabilities A summary of the Company's accounts payable and accrued liabilities is as follows: September 30, 2023 December 31, 2022 Trade payables $ 983,863 $ 1,752,312 Accrued liabilities 1,051,005 634,953 Other 35,043 127,598 $ 2,069,911 $ 2,514,863

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity [Text Block]	=50% 200% Equals 100% negative 50% 50% Note 6 - Stockholders' Equity Common Stock The holders of common stock are entitled to one vote per share with respect to all matters required by law to be submitted to stockholders. The holders of common stock have the sole right to vote. The common stock does not have any cumulative voting, pre-emptive, subscription or conversion rights. Election of directors requires the affirmative vote of a plurality of common stock represented at a meeting, and other general stockholder action (other than an amendment to our Articles of Incorporation) requires the affirmative vote of the majority of shares represented at a meeting in which a quorum is represented. The outstanding shares of common stock are validly issued, fully paid and non-assessable. In connection with the domestication process on May 22, 2020, the Company changed its share capital structure from unlimited authorized shares of common stock without par value to 144,302,330 authorized shares of common stock, with a par value of $0.001 per share. On May 18, 2023, pursuant to the authorization and approval provided by the stockholders at the Company's Annual General Meeting, the Company increased its authorized shares of common stock to 300,000,000 shares. Share Issuances During the Nine Months Ended September 30, 2023 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. During the nine months ended September 30, 2023, the Company utilized its ATM program to raise gross proceeds of approximately $15.79 million by issuing 5,470,564 shares of common stock. In addition, the Company issued: (i) (ii) (iii) (iv) Share Issuances During the Nine Months Ended September 30, 2022 (i) (ii) (iii) (iv) (v) (vi) The Company issued 3,607 shares of common stock pursuant to an exercise of warrants for proceeds of $7,503. Stock-based Compensation Stock-based compensation expense is included in exploration as well as general and administrative expenses, based upon the primary activities of the grantees, as follows in the accompanying condensed consolidated interim statement of operations: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Exploration $ 162,042 $ 188,816 $ 572,886 $ 1,039,628 General and administrative 738,827 499,536 2,877,215 4,810,583 Total stock-based compensation expense $ 900,869 $ 688,352 $ 3,450,101 $ 5,850,211 Equity Awards Pursuant to the DTRC Merger on March 31, 2022, the Company cancelled DTRCs outstanding stock options and replaced them with options of the Company under the "2022 Stock Incentive Plan" with the same terms and provisions. The 2022 Stock Incentive Plan had a total of 6,250,000 units available to award to the Company's directors, executive officers, employees and consultants. A unit can be a common stock purchase option ("stock option"), an RSU or a PSU. Outstanding stock options under the 2022 Stock Incentive Plan have a term of five years and RSUs and PSUs have terms up to three years. As of September 30, 2023, a total of 3,517,132 units relating to the Company's 2022 Stock Incentive Plan remained available for future grants. During the nine months ended September 30, 2023, under the 2022 Stock Incentive Plan, the Company issued 333,588 stock options at an exercise price of $2.81 per share to certain executive officers, where vesting commences over a one-to-three-year period based on a time-of-service vesting condition. The grant date fair value of the options was $1.39 per share for those issued during the nine months ended September 30, 2023. During the nine months ended September 30, 2023, the Company granted 635,567 RSUs with an average fair value of $2.83 and 329,182 PSUs with an average fair value of $3.72, to executive officers, directors and employees. During the nine months ended September 30, 2022, under the 2022 Stock Incentive Plan, the Company issued 571,447 stock options at an exercise price of $3.01 per share to certain executive officers, where vesting commences over a one-to-three-year period based on a time-of-service vesting condition. The grant date fair value of the options was $1.43 per share for those issued during the nine months ended September 30, 2022. During the nine months ended September 30, 2022, the Company granted 420,260 RSUs with an average fair value of $3.01 and 112,840 PSUs with an average fair value of $2.99, to executive officers, directors and employees. Stock Options The weighted-average assumptions used in the Black-Scholes option-pricing model are as follows for the stock options granted during the nine months ended September 30, 2022: risk-free interest rate of 3.15%, estimated volatility of 65%, dividend yield of 0% and expected life of 3.35 years. Estimated volatility is calculated based on average volatility of the Company's peer group, because the Company does not have sufficient historical data. The Company will continue to use peer group volatility information until sufficient 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 recently granted options with similar terms. The stock-based compensation expense related to the options has been recognized in the Company's financial statements since the grant date and the fair value, estimated at the initial grant date using the Black-Scholes option pricing model, will continue to be amortized over the vesting period. As of September 30, 2023, the unrecognized compensation cost related to unvested options was $783,284, which will be recognized over a weighted average period of 1.39 years. A summary of the Company's stock option activity for the nine months ended September 30, 2023 and related information is as follows: Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 3,999,572 $ 3.89 3.68 $ 937,420 Options granted 333,588 2.81 Options forfeited/cancelled (62,500 ) 3.34 Options exercised (68,750 ) 1.05 Outstanding as of September 30, 2023 4,201,910 $ 3.86 3.08 $ 570,938 Exercisable as of September 30, 2023 3,187,565 $ 4.05 2.77 $ 570,938 A summary of the Company's options outstanding as at September 30, 2023 is as follows: Expiry Date Number of Options Exercise Price Remaining Life (Years) March 15, 2026 656,250 $ 1.92 2.46 May 17, 2026 1,840,625 $ 4.76 2.63 September 13, 2026 200,000 $ 5.09 2.96 October 18, 2026 300,000 $ 4.64 3.05 September 1, 2027 571,447 $ 3.01 3.93 November 18, 2027 300,000 $ 3.74 4.14 March 1, 2028 333,588 $ 2.81 4.42 4,201,910 RSUs and PSUs The PSUs granted in the nine months ended September 30, 2023 vest over a three-year period. Each PSU award entitles the participant to receive a variable number of shares of the Company's common stock based on the Company's performance against the MVIS Global Junior Gold Miners 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, based on the table below: Company Stock Price Performance Relative to Index Performance by: Index Multiplier >=50% 200% Equals 100% negative 50% 50% <negative 50% 0% The fair value of the PSUs was determined using a Monte Carlo simulation, and the weighted average assumptions of the PSUs granted during the three and nine months ended September 30, 2023 are as follows: a risk-free interest rate of 4.70%, an estimated volatility of 74%, an expected dividend yield of 0%, and an expected term of 1.83 years. The fair value of RSUs granted during the three and nine months ended September 30, 2023 was measured at the grant-date price of the Company's shares. The RSUs and PSUs granted in the three and nine months ended September 30, 2023, vest over a three-year period. The stock-based compensation expense related to RSUs and PSUs has been recognized in the consolidated financial statements since the grant dates and the fair values determined at the initial grant date will continue to be amortized over the vesting period. The total grant date fair value of the RSUs and PSUs granted in the three and nine months ended September 30, 2023 was calculated to be $47,060 and $3,019,933, respectively. The total grant date fair value of the RSUs and PSUs granted in the three and nine months ended September 30, 2022 was calculated to be $1,602,479 and $1,602,479, respectively. As of September 30, 2023, there was $2,504,433 of total unrecognized compensation cost related to unvested RSUs and PSUs, which will be recognized over a weighted average period of 1.50 years. A summary of the Company's RSU awards outstanding and activity during the nine months ended September 30, 2023 is as follows: Number of RSU Weighted- Average Date Fair Value per Award Number of PSU Weighted- Average Date Fair Value per Award Outstanding as of December 31, 2022 545,258 $ 3.17 112,842 $ 2.99 Granted 635,567 2.83 329,182 3.72 Settled (226,050 ) 3.14 (37,615 ) 2.95 Outstanding as of September 30, 2023 954,775 $ 2.95 404,409 $ 3.59 During the nine months ended September 30, 2023, 37,615 PSUs settled at 86% of performance target through the issuance of 18,609 shares and payment of approximately $38,000 for related income taxes and 226,050 RSUs settled through the issuance of 165,663 shares and payment of approximately $225,000 for related income taxes. Warrants A summary of the Company's warrant activity for the nine months ended September 30, 2023 is as follows: Warrants Weighted Average Exercise Price Balance, December 31, 2022 7,612,111 $ 2.08 Exercised (9,018 ) 2.08 Balance, September 30, 2023 7,603,093 $ 2.08 As of September 30, 2023, the 7,603,093 warrants, all with a remaining life of 2.46 years, expire on March 15, 2026.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	Note 7 - Commitments and Contingencies The Company may become party to various legal actions that arise in the ordinary course of its business. The Company is also subject to audit by tax and other authorities for varying periods in various federal, state and local jurisdictions, and disputes may arise during the course of these audits. It is impossible to determine the ultimate liabilities that the Company may incur resulting from any of these lawsuits, claims, proceedings, audits, commitments, contingencies and related matters or the timing of these liabilities, if any. If these matters were to ultimately be resolved unfavorably, it is possible that such an outcome could have a material adverse effect upon the Company's consolidated financial position, results of operations, or liquidity. The Company does not, however, anticipate such an outcome and it believes the ultimate resolution of these matters will not have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	Note 8 - Income Taxes A summary of the reconciliation of the income tax benefit based on the statutory federal income tax rate of 21% to the deferred income tax benefit reported in these interim financial statements for the three and nine months ended September 30, 2023 and 2022 is as follows: Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Income tax benefit computed at federal statutory rates $ (1,848,405 ) $ (1,475,764 ) $ (5,980,761 ) $ (3,050,352 ) Non-deductible expenses - - - (14,397 ) Change in valuation allowance 1,563,521 257,040 5,106,784 (3,457,718 ) Deferred income tax benefit $ (284,884 ) $ (1,218,724 ) $ (873,977 ) $ (6,522,467 ) The effective tax rates for the three and nine months ended September 30, 2023 were 3.24% and 3.07%, respectively. The effective tax rate for the nine months ended September 30, 2023 is less than the expected statutory rate as the Company does not expect to realize a benefit from a portion of the losses incurred.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 9 - Subsequent Events Subsequent to September 30, 2023S, the Company utilized its ATM to raise gross proceeds of $2.55 million. On October 20, 2023, the Company and Orion consummated the Orion Equity Investment (see Note 1). Following the closing of the Orion Equity Investment, Orion owns approximately 7.78% of the Company's issued and outstanding shares of common stock.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation The interim Condensed Consolidated Financial Statements ("interim statements") of Dakota Gold Corp. have been prepared, without audit, in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and the rules of the U.S. Securities and Exchange Commission ("SEC") for interim statements, and should be read in conjunction with the Company's audited financial statements and the notes thereto for the nine-month transition period ended December 31, 2022 included in its Transition Report on Form 10-KT, as filed with the SEC on March 22, 2023. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent transition period ended December 31, 2022, as reported in the Company's Transition Report on Form 10-KT, have been omitted. The condensed consolidated balance sheet as of December 31, 2022 was derived from the audited financial statements of the Company and in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by GAAP have been condensed or omitted.
Basis of Consolidation [Policy Text Block]	Basis of Consolidation The interim financial statements for the nine months ended September 30, 2023 and 2022 include the accounts of the Company and the following 100%-owned subsidiaries: DTRC, LLC (incorporated in the U.S.), JR Resources (Canada) Services Corp. (incorporated in Canada), Dakota Gold Holdings LLC (incorporated in the U.S.) 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.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated Useful Life (Years) September 30, 2023 December 31, 2022 Land $ 418,884 $ 70,000 Building 39 1,087,089 768,338 Furniture and equipment 3 to 5 799,300 754,969 Operating lease assets 2 to 5 260,465 - 2,565,738 1,593,307 Less accumulated depreciation (563,866 ) (326,517 ) Property and equipment, net $ 2,001,872 $ 1,266,790

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of accounts payable and accrued liabilities [Table Text Block]	September 30, 2023 December 31, 2022 Trade payables $ 983,863 $ 1,752,312 Accrued liabilities 1,051,005 634,953 Other 35,043 127,598 $ 2,069,911 $ 2,514,863

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of stock-based compensation expense [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Exploration $ 162,042 $ 188,816 $ 572,886 $ 1,039,628 General and administrative 738,827 499,536 2,877,215 4,810,583 Total stock-based compensation expense $ 900,869 $ 688,352 $ 3,450,101 $ 5,850,211
Schedule of stock option activity and related information [Table Text Block]	Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 3,999,572 $ 3.89 3.68 $ 937,420 Options granted 333,588 2.81 Options forfeited/cancelled (62,500 ) 3.34 Options exercised (68,750 ) 1.05 Outstanding as of September 30, 2023 4,201,910 $ 3.86 3.08 $ 570,938 Exercisable as of September 30, 2023 3,187,565 $ 4.05 2.77 $ 570,938
Schedule of options outstanding [Table Text Block]	Expiry Date Number of Options Exercise Price Remaining Life (Years) March 15, 2026 656,250 $ 1.92 2.46 May 17, 2026 1,840,625 $ 4.76 2.63 September 13, 2026 200,000 $ 5.09 2.96 October 18, 2026 300,000 $ 4.64 3.05 September 1, 2027 571,447 $ 3.01 3.93 November 18, 2027 300,000 $ 3.74 4.14 March 1, 2028 333,588 $ 2.81 4.42 4,201,910
Schedule of company stock price performance relative to index performance [Table Text Block]	Company Stock Price Performance Relative to Index Performance by: Index Multiplier >=50% 200% Equals 100% negative 50% 50% <negative 50% 0%
Schedule of RSU and PSU awards activity [Table Text Block]	Number of RSU Weighted- Average Date Fair Value per Award Number of PSU Weighted- Average Date Fair Value per Award Outstanding as of December 31, 2022 545,258 $ 3.17 112,842 $ 2.99 Granted 635,567 2.83 329,182 3.72 Settled (226,050 ) 3.14 (37,615 ) 2.95 Outstanding as of September 30, 2023 954,775 $ 2.95 404,409 $ 3.59
Schedule of changes of warrant activity [Table Text Block]	Warrants Weighted Average Exercise Price Balance, December 31, 2022 7,612,111 $ 2.08 Exercised (9,018 ) 2.08 Balance, September 30, 2023 7,603,093 $ 2.08

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit) [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 Income tax benefit computed at federal statutory rates $ (1,848,405 ) $ (1,475,764 ) $ (5,980,761 ) $ (3,050,352 ) Non-deductible expenses - - - (14,397 ) Change in valuation allowance 1,563,521 257,040 5,106,784 (3,457,718 ) Deferred income tax benefit $ (284,884 ) $ (1,218,724 ) $ (873,977 ) $ (6,522,467 )

Organization and Nature of Bu_2

Organization and Nature of Business (Narrative) (Details) - USD ($)		9 Months Ended
	Oct. 20, 2023	Sep. 30, 2023	Sep. 30, 2022	Oct. 11, 2023	Sep. 10, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Entity incorporation, date of incorporation		Nov. 15, 2017
Cash		$ 12,760,000
Working capital		11,220,000
Net proceeds from sale of common stock on at-the market ("ATM") program		15,441,134	$ 0
Orion Equity Investment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of outstanding shares of common stock					51%
Orion Equity Investment [Member] | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of outstanding shares of common stock	7.78%
DTRC's former stockholders [Member] | Dakota Territory Resource Corp [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Former stockholders of DTRC					49%
Binding Agreement [Member] | Orion Equity Investment [Member] | OMF Fund IV SPV C LLC | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Investment Received				$ 17,000,000
Option to purchase number of common shares	6,666,667
Issued price per share	$ 2.55
Aggregate gross proceeds from sale of stock	$ 17,000,000
Percentage of outstanding shares of common stock	7.80%
Royalty Interest	1%
Royalty Consideration	$ 1,000,000
Closing Consideration	75,000
Royalty consideration upon certain development milestones	$ 925,000
ATM Program - Subsequent event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net proceeds from sale of common stock on at-the market ("ATM") program		19,550,000
ATM Program - Subsequent event [Member] | Orion Equity Investment [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate proceeds by banks or brokers		200,000,000
ATM Program - Subsequent event [Member] | Orion Equity Investment [Member] | Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Closing financing aggregate amount		300,000,000
ATM Program - Subsequent event [Member] | Orion Equity Investment [Member] | Unsecured Debt [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate proceeds by banks or brokers		$ 50,000,000

Summary of Accounting Policie_2

Summary of Accounting Policies (Narrative) (Details)	Sep. 30, 2023	Sep. 30, 2022
Dakota Territory Resource Corp [Member]
Accounting Policies [Line Items]
Percentage owned	100%	100%

Mineral Rights and Properties (

Mineral Rights and Properties (Narrative) (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) a Mining_claim	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Mineral rights and properties | $	$ 79,149,401	$ 78,737,287
Mining Properties and Mineral Rights [Member] | Blind Gold, City Creek, Cambrian Unconformity, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, And South Lead / Whistler Gulch [Member] | Dakota Gold [Member]
Property, Plant and Equipment [Line Items]
Percentage of voting interests acquired	100%
Mining Properties and Mineral Rights [Member] | Barrick Option And Richmond Hill Option [Member] | Dakota Gold [Member]
Property, Plant and Equipment [Line Items]
Percentage of voting interests acquired	100%
Black Hills [Member] | Unpatented Technology [Member]
Property, Plant and Equipment [Line Items]
Number of mining claims | Mining_claim	1,950
Area of land	33,596
Homestake [Member] | Unpatented Technology [Member]
Property, Plant and Equipment [Line Items]
Area of land	4,261
Richmond Hill [Member] | Unpatented Technology [Member]
Property, Plant and Equipment [Line Items]
Area of land	2,126
Additional Lands And Mineral Rights [Member] | Unpatented Technology [Member]
Property, Plant and Equipment [Line Items]
Area of land	6,401
Surface And Mineral Lease Rights [Member]
Property, Plant and Equipment [Line Items]
Area of land	46,384

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 113,364	$ 53,432	$ 237,349	$ 132,243

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,565,738	$ 1,593,307
Less accumulated depreciation	(563,866)	(326,517)
Property and equipment, net	2,001,872	1,266,790
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 418,884	70,000
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	39 years
Property, plant and equipment, gross	$ 1,087,089	768,338
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 799,300	754,969
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
Operating lease assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 260,465	$ 0
Operating lease assets [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	2 years
Operating lease assets [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 ($)	Sep. 30, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 983,863	$ 1,752,312
Accrued liabilities	1,051,005	634,953
Other	35,043	127,598
Accounts payable and accrued liabilities	$ 2,069,911	$ 2,514,863

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended					9 Months Ended
	Oct. 21, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	May 22, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized		300,000,000					300,000,000		300,000,000	144,302,330
Common stock, par value (in dollars per share)		$ 0.001					$ 0.001		$ 0.001	$ 0.001
Common stock issued for exercise of options (in shares)							68,750	37,500
Common stock issued upon exercise of stock options		$ 60,000		$ 12,000		$ 12,000
Proceeds from exercise of warrants							$ 18,757	$ 7,503
Net proceeds from sale of common stock on at-the market ("ATM") program							15,441,134	0
Proceeds from stock options exercised							$ 72,000	$ 12,000
Number of share options granted							333,588
Weighted average exercise price of share options, granted							$ 2.81
Unrecognized compensation cost to unvested RSUs							$ 783,284
Vesting period							1 year 4 months 20 days
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for exercise of options (in shares)		31,250		37,500		37,500
Common stock issued upon exercise of stock options		$ 31		$ 37		$ 37
Common stock issued for investment in mineral properties (Shares)								306,749
Common stock issued for investment in mineral properties								$ 1,500,000
Common stock issued for exercise of warrants (Shares)							9,018
Common stock issued for RSUs (in shares)			165,663			800,000	165,663	800,000
Common stock issued for PSUs (in shares)				18,609			18,609
Richmond Hill Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common shares issued (Shares)								180,000
Proceeds from sale of common stock								$ 675,000
2022 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of share options granted							333,588	571,447
Weighted average exercise price of share options, granted							$ 2.81	$ 3.01
Weighted average grant date fair value of options							$ 1.39	$ 1.43
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
Number of common shares issued (Shares)							5,470,564
Net proceeds from sale of common stock on at-the market ("ATM") program							$ 15,790,000
ATM Program - Subsequent event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Net proceeds from sale of common stock on at-the market ("ATM") program							$ 19,550,000
Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of common shares issued (Shares)								3,607
Proceeds from sale of common stock								$ 7,503
Number of warrants outstanding		7,603,093					7,603,093		7,612,111
Class of warrant, outstanding remaining life		2 years 5 months 15 days					2 years 5 months 15 days
Class of warrants, outstanding expiry date		Mar. 15, 2026					Mar. 15, 2026
RSUs and PSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized compensation cost related to unvested RSUs and PSUs		$ 2,504,433					$ 2,504,433
Vesting period							1 year 6 months
Number of awards granted		47,060			1,602,479		3,019,933	1,602,479
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of units granted							$ 2.83
Number of awards granted							635,567
Number of awards settled							226,050
Shares issued upon settlement of PSUs							165,663
Payments of income taxes on PSUs							$ 225,000
Restricted Stock Units ("RSU") [Member] | Executive officers, directors and employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of units granted							$ 2.83	$ 3.01
Number of awards granted							635,567	420,260
Performance Share Units "PSU" [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate							4.70%
Estimated volatility							74%
Dividend yield							0%
Expected life							1 year 9 months 29 days
Fair value of units granted							$ 3.72
Number of awards granted							329,182
Number of awards settled							37,615
Percentage of performance target settled							86%
Shares issued upon settlement of PSUs							18,609
Payments of income taxes on PSUs							$ 38,000
Performance Share Units "PSU" [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Index multiplier							0%
Performance Share Units "PSU" [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Index multiplier							200%
Performance Share Units "PSU" [Member] | Executive officers, directors and employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of units granted							$ 3.72	$ 2.99
Number of awards granted							329,182	112,840
Dakota Territory Resource Corp [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of units issued								35,208,728
Acquisition of DTRC common stock (Shares)								35,208,728
Percentage of ownership					100%			100%
Risk-free interest rate							3.15%
Estimated volatility							65%
Dividend yield							0%
Dakota Territory Resource Corp [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			6,250,000
Shares remaining available for future grants		3,517,132					3,517,132
Dakota Territory Resource Corp [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life							3 years 4 months 6 days

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of stock-based compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Exploration	$ 162,042	$ 188,816	$ 572,886	$ 1,039,628
General and administrative	738,827	499,536	2,877,215	4,810,583
Total stock-based compensation expense	$ 900,869	$ 688,352	$ 3,450,101	$ 5,850,211

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of stock option activity and related information (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Options outstanding, beginning of period	3,999,572
Weighted average exercise price at beginning of period	$ 3.89
Options outstanding, weighted average remaining contractual life (in years)	3 years 29 days		3 years 8 months 4 days
Aggregate intrinsic value, beginning balance	$ 937,420
Options granted	333,588
Weighted average exercise price of share options, granted	$ 2.81
Options forfeited/cancelled	(62,500)
Weighted average exercise price of share options, forfeited/cancelled	$ 3.34
Options exercised	(68,750)	(37,500)
Weighted average exercise price of share options, exercised	$ 1.05
Options outstanding, end of period	4,201,910		3,999,572
Weighted average exercise price at end of period	$ 3.86		$ 3.89
Options outstanding, aggregate intrinsic value, ending balance	$ 570,938		$ 937,420
Number of options exercisable	3,187,565
Weighted average exercise price of options exercisable	$ 4.05
Options exercisable, weighted average remaining contractual life (in years)	2 years 9 months 7 days
Options exercisable, aggregate intrinsic value, ending balance	$ 570,938

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of options outstanding (Details) - $ / shares	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	4,201,910	3,999,572
Exercise price	$ 3.86	$ 3.89
Options Outstanding 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Mar. 15, 2026
Number of options	656,250
Exercise price	$ 1.92
Remaining life (years)	2 years 5 months 15 days
Options Outstanding 2 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	May 17, 2026
Number of options	1,840,625
Exercise price	$ 4.76
Remaining life (years)	2 years 7 months 17 days
Options Outstanding 3 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Sep. 13, 2026
Number of options	200,000
Exercise price	$ 5.09
Remaining life (years)	2 years 11 months 15 days
Options Outstanding 4 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Oct. 18, 2026
Number of options	300,000
Exercise price	$ 4.64
Remaining life (years)	3 years 18 days
Options Outstanding 5 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Sep. 01, 2027
Number of options	571,447
Exercise price	$ 3.01
Remaining life (years)	3 years 11 months 4 days
Options Outstanding 6 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Nov. 18, 2027
Number of options	300,000
Exercise price	$ 3.74
Remaining life (years)	4 years 1 month 20 days
Options Outstanding 7 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Mar. 01, 2028
Number of options	333,588
Exercise price	$ 2.81
Remaining life (years)	4 years 5 months 1 day

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of Company Stock Price Performance Relative to Index Performance (Details) - Performance Share Units "PSU" [Member]	9 Months Ended
	Sep. 30, 2023
>=50% [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price performance relative to index performance	>=50%
Index multiplier	200%
Equals [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price performance relative to index performance	Equals
Index multiplier	100%
negative 50% [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price performance relative to index performance	negative 50%
Index multiplier	50%
Less than negative 50% [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price performance relative to index performance	<negative 50%
Index multiplier	0%

Stockholders' Equity - Schedu_5

Stockholders' Equity - Schedule of RSU and PSU awards activity (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning | shares	545,258
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 3.17
Number of Awards, Granted | shares	635,567
Weighted-average grant date fair value per award, Granted | $ / shares	$ 2.83
Number of Awards, Settled | shares	(226,050)
Weighted-average grant date fair value per award, Settled | $ / shares	$ 3.14
Number of Awards Outstanding, Ending | shares	954,775
Weighted-average grant date fair value per award, Ending | $ / shares	$ 2.95
Performance Share Units "PSU" [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning | shares	112,842
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 2.99
Number of Awards, Granted | shares	329,182
Weighted-average grant date fair value per award, Granted | $ / shares	$ 3.72
Number of Awards, Settled | shares	(37,615)
Weighted-average grant date fair value per award, Settled | $ / shares	$ 2.95
Number of Awards Outstanding, Ending | shares	404,409
Weighted-average grant date fair value per award, Ending | $ / shares	$ 3.59

Stockholders' Equity - Schedu_6

Stockholders' Equity - Schedule of warrant activity (Details) - Warrants [Member]	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning of period | shares	7,612,111
Warrants outstanding, weighted average exercise price, beginning of period | $ / shares	$ 2.08
Warrants exercised | shares	(9,018)
Warrants exercised, weighted average exercise price | $ / shares	$ 2.08
Warrants outstanding, end of period | shares	7,603,093
Warrants outstanding, weighted average exercise price, end of period | $ / shares	$ 2.08

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Period Of Operating Loss Carry Forward [Line Items]
Effective tax rate	3.24%		3.07%
Income tax rate	21%	21%	21%	21%

Income Taxes - Schedule of comp

Income Taxes - Schedule of components of income tax expense (benefit) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income tax benefit computed at federal statutory rates	$ (1,848,405)	$ (1,475,764)	$ (5,980,761)	$ (3,050,352)
Non-deductible expenses	0	0	0	(14,397)
Change in valuation allowance	1,563,521	257,040	5,106,784	(3,457,718)
Deferred income tax benefit	$ (284,884)	$ (1,218,724)	$ (873,977)	$ (6,522,467)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 20, 2023	Sep. 10, 2021
Orion Equity Investment [Member]
Subsequent Event [Line Items]
Percentage owned			51%
ATM Program [Member]
Subsequent Event [Line Items]
Gross proceeds	$ 2,550
Subsequent Event [Member] | Orion Equity Investment [Member]
Subsequent Event [Line Items]
Percentage owned		7.78%