Dakota Gold (DC) 10-K 28 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 28, 2024	Jun. 30, 2023
Cover [Abstract]
Registrant Name	Dakota Gold Corp.
Registrant CIK	0001852353
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Annual Report	true
Entity File Number	000-41349
Document Financial Statement Error Correction [Flag]	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
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			$ 230,894,927
Entity Common Stock, Shares Outstanding		87,703,942
Amendment Flag	false
Document Transition Report	false
Entity Ex Transition Period	false
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Denver, Colorado, USA

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 25,548,373	$ 23,911,722
Prepaid expenses and other current assets	676,020	726,269
Total current assets	26,224,393	24,637,991
Non-current assets
Mineral rights and properties	79,344,304	78,737,287
Property and equipment, net	2,261,979	1,266,790
Other assets	371,864	380,651
Total assets	108,202,540	105,022,719
Current liabilities
Accounts payable and accrued liabilities	4,351,145	2,514,863
Lease liabilities - current	135,097	0
Total current liabilities	4,486,242	2,514,863
Non-current liabilities
Lease liabilities	94,515	0
Deferred tax liability	85,332	1,332,118
Total liabilities	4,666,089	3,846,981
Stockholders' equity
Common stock, par value $0.001; 300,000,000 authorized, 86,740,272 and 73,341,001 shares outstanding, respectively	86,740	73,341
Additional paid-in capital	146,114,487	107,317,974
Accumulated deficit	(42,664,776)	(6,215,577)
Total stockholders' equity	103,536,451	101,175,738
Total liabilities and stockholders' equity	$ 108,202,540	$ 105,022,719

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	86,740,272	73,341,001
Common Stock, Shares, Outstanding	86,740,272	73,341,001

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Operating expenses
Exploration expenses	$ 13,749,359	$ 28,345,452
General and administrative expenses	7,929,819	9,690,940
Loss from operations	(21,679,178)	(38,036,392)
Other income (expenses)
Foreign exchange loss	(87,070)	(44,304)
Interest income	159,615	414,168
Total other income	72,545	369,864
Loss before income taxes	(21,606,633)	(37,666,528)
Income tax (expense) - current	(55,749)	(29,457)
Deferred income tax benefit	2,380,905	1,246,786
Net loss and comprehensive loss	$ (19,281,477)	$ (36,449,199)
Basic loss per share	$ (0.27)	$ (0.47)
Diluted loss per share	$ (0.27)	$ (0.47)
Weighted average number of basic shares of common stock outstanding	72,090,163	78,251,025
Weighted average number of diluted shares of common stock outstanding	72,090,163	78,251,025

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Operating activities
Net loss	$ (19,281,477)	$ (36,449,199)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	159,421	302,078
Stock-based compensation expense	3,464,400	4,322,995
Deferred income tax benefit	(2,380,905)	(1,246,786)
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(254,773)	50,249
Accounts payable and accrued liabilities	(122,290)	1,822,947
Net cash used in operating activities	(18,415,624)	(31,197,716)
Investing activities
Purchases of property and equipment	(197,199)	(1,054,320)
Purchases of mineral properties	(1,099,329)	(607,017)
Security deposits paid	0	(98,574)
Net cash used in investing activities	(1,296,528)	(1,759,911)
Financing activities
Net proceeds from sale of common stock on at-the market ("ATM") program	2,761,260	17,946,505
Net proceeds from Orion Equity Investment	0	16,820,227
Proceeds from exercise of stock options	12,000	72,000
Proceeds from exercise of warrants	7,503	18,757
Withholding of employee tax payments on restricted stock units	(558,005)	(263,211)
Net cash provided by financing activities	2,222,758	34,594,278
Net change in cash and cash equivalents	(17,489,394)	1,636,651
Cash and cash equivalents, beginning of year	41,401,116	23,911,722
Cash and cash equivalents, end of year	23,911,722	25,548,373
Non-cash investing and financing activities
Common stock issued for purchase of mineral properties	675,000	0
Deferred ATM offering costs offset against additional paid-in capital	78,088	176,250
Accrual of ATM issuance costs	$ 100,000	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Total
Beginning Balance at Mar. 31, 2022	$ 70,850	$ 100,697,655	$ 13,065,900	$ 113,834,405
Beginning Balance (Shares) at Mar. 31, 2022	70,850,395
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
Common stock issued for ATM program, net of amortized issuance costs	$ 6,667	16,813,560		$ 16,820,227
Common stock issued for ATM program, net of amortized issuance costs (Shares)	6,666,667
Common stock issued for Orion Equity Investment, net of issuance costs	$ 6,470	17,832,674		17,839,144
Common stock issued for Orion Equity Investment, net of issuance costs (Shares)	6,470,564
Common stock issued for restricted stock units ("PSUs")	$ 18	(18)
Common stock issued for restricted stock units ("PSUs") (Shares)	18,609
Common stock issued for restricted stock units ("RSUs")	$ 166	(166)
Common stock issued for restricted stock units ("RSUs") (Shares)	165,663
Common stock issued for exercise of options	$ 69	71,931		$ 72,000
Common stock issued for exercise of options (Shares)	68,750			68,750
Common stock issued for exercise of warrants	$ 9	18,748		$ 18,757
Common stock issued for exercise of warrants (Shares)	9,018
Stock-based compensation expense		4,322,995		4,322,995
Payment of income taxes remitted on RSUs and PSUs		(263,211)		(263,211)
Net loss			(36,449,199)	(36,449,199)
Ending Balance at Dec. 31, 2023	$ 86,740	$ 146,114,487	$ (42,664,776)	$ 103,536,451
Ending Balance (Shares) at Dec. 31, 2023	86,740,272			86,740,272

Organization and Nature of Busi

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2023
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. On March 31, 2022, the Company completed a merger with Dakota Territory Resource Corp., a Nevada corporation ("Dakota Territory" or "DTRC"), pursuant to which Dakota Territory stockholders, other than Dakota Gold, were entitled to receive one share of Dakota Gold common stock for each share of Dakota Territory common stock (the "DTRC Merger"). As a result of the DTRC Merger, Dakota Gold delivered 35,209,316 shares of the Company's common stock to former holders of Dakota Territory common stock. The Company currently operates in one segment, mineral exploration, in the United States. 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. 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 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, 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 $25.5 million as of December 31, 2023, its working capital of approximately $21.7 million, the anticipated ability to utilize the ATM program during the year, and the ability to scale down the exploration program alleviate the doubt as to the Company's ability to continue as a going concern for 12 months beyond the date of these financial statements.

Summary of Accounting Policies

Summary of Accounting Policies	12 Months Ended
	Dec. 31, 2023
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"). In August 2022, the Company changed its fiscal year from March to December 31. As a result, in addition to the full calendar year ended December 31, 2023, the Company is reporting financial information for the transition period from April 1 to December 31, 2022, and unaudited financial information for the nine months ended December 31, 2021 (Note 11). Basis of Consolidation As of December 31, 2023 and 2022, these consolidated financial statements include the accounts of the Company and the following wholly-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. 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. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected. 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 less depreciation and depletion and accumulated impairment losses, if any. 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. The cost of self-constructed assets includes the cost of materials and direct labor. Depreciation is computed using the straight-line method over an asset's estimated useful life as follows: Category Useful Life Building 39 years Furniture and equipment 3 to 5 years Operating lease assets 2 to 5 years Leases The Company determines if a contractual arrangement represents or contains a lease at inception. Right-of-use ("ROU") assets associated with operating leases are grouped with property and equipment on the consolidated balance sheet. The Company currently has no finance leases. ROU assets and lease liabilities that extend beyond one year at inception are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, an incremental borrowing rate is estimated in determining the present value of the future lease payments. The incremental borrowing rate is derived from information available at the lease commencement date and represents the rate of interest that a lessee would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term in a similar economic environment. Operating lease ROU assets and liabilities also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We have elected not to recognize ROU assets and lease liability for short-term leases that have a lease term of 12 months or less. Mineral Rights and Properties 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 will be capitalized once proven and probable reserves exist and the property is a commercially mineable property. There has been no mine development to date. 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. There were no impairments recorded for the twelve months ended December 31, 2023 or nine months ended December 31, 2022. Fair Value Measurements Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs used to measure fair value are described below: ● Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. ● Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value. The Company's financial instruments consist principally of cash and cash equivalents 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. Concentration of Credit Risk The financial instrument which potentially subjects the Company to credit risk is cash and cash equivalents. The Company holds its cash in US and Canadian banks and United States treasury bills with a Canadian financial institution and the risk of default is considered to be remote. As part of its cash management process, the Company regularly monitors the relative credit standing of this institution. Environmental Costs Environmental expenditures that relate to current operations are expensed as incurred. 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 liability method. Under this method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax basis of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 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 Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the diluted weighted average number of shares of common stock during the period. The diluted weighted average number of shares of common stock outstanding is the basic weighted number of shares adjusted for the dilutive effect of potential future issuances of common stock related to outstanding options and warrants, if any. 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 fiscal year ended December 31, 2023 and the nine months ended December 31, 2022, because they were anti-dilutive (Note 9). Stock-Based Compensation The Company estimates the fair value of stock-based compensation using Black-Scholes and Monte Carlos valuation models. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of our stock, the risk-free rate, and dividend yield. Estimates of fair value are not intended to predict actual future events, or the value ultimately realized by the option holders, and subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Company. The Company recognizes forfeitures when incurred. The Company estimates the expected term for all options using the simplified method permitted. This method was used as the Company does not have sufficient historical share option exercise experience to provide a more reliable estimate of expected term. The simplified method calculates the expected term as the average of the vesting period and the original contractual term. 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 fiscal year ended December 31, 2023 and nine months ended December 31, 2022, ATM program-related legal and consulting fees totaling $68,889 and $438,740, respectively, had been incurred. During the fiscal year ended December 31, 2023 and the nine months ended December 31, 2022, offering costs totaling $176,250 and $78,088, respectively, were offset against proceeds from the ATM program in additional paid-in capital. As of December 31, 2023 and 2022, there was $253,291 and $360,652, respectively, of such costs deferred and included in prepaid expenses and other current assets on the consolidated balance sheets. Recently issued Accounting Standards In December 2023, the Financial Standards Accounting Board ("FASB") issued Accounting Standards Update ("ASU") 2023- 09 "Income Taxes (Topics 740): Improvements to Income Tax Disclosures" to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating the potential effect that the updated standard will have on the financial statement disclosures. In November 2023, the FASB issued ASU 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for our annual periods beginning January 1, 2024, and for interim periods beginning January 1, 2025, with early adoption permitted. The adoption is not expected to have a material impact on the Company's Consolidated Financial Statements or disclosures.

DTRC Acquisition

DTRC Acquisition	12 Months Ended
	Dec. 31, 2023
Business Combinations [Abstract]
DTRC Acquisition [Text Block]	NOTE 3 - DTRC Acquisition On March 31, 2022, the Company completed the DTRC Merger and DTRC became a wholly owned subsidiary of the Company (Note 1).

Mineral Rights and Properties

Mineral Rights and Properties	12 Months Ended
	Dec. 31, 2023
Mineral Industries Disclosures [Abstract]
Mineral Rights and Properties [Text Block]	NOTE 4 - Mineral Rights and Properties As of December 31, 2023 and 2022, the carrying cost of Company's mineral properties totaled $79,344,304 and $78,737,287, respectively. As of December 31, 2023, the Company is in the exploration stage and has not commenced amortization of its properties.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	NOTE 5 - Property and Equipment As of December 31, 2023 and 2022, the Company's property and equipment consists of the following: Estimated Useful Life (Years) December 31, 2023 December 31, $ $ Land 418,884 70,000 Building 39 1,366,682 768,338 Furniture and equipment 3 to 5 875,397 754,969 ROU assets 2 to 5 229,611 - 2,890,574 1,593,307 Less accumulated depreciation (628,595 ) (326,517 ) Property and equipment, net 2,261,979 1,266,790 Depreciation expense for the fiscal year ended December 31, 2023 and the nine months ended December 31, 2022 was $302,078 and $159,421, respectively, and is included in general and administrative expenses. ROU assets are amortized on a straight-line basis for the remaining lives of their respective lease terms. At December 31, 2023, the Company has three lease agreements for office and building space in Vancouver, British Columbia, Canada and Rapid City, South Dakota which have been determined to be operating leases. The lease agreements do not contain extension options. For measurement of the original lease liability and ROU asset, the Company assumed a discount rate of 11.66% based on the Company's estimated incremental borrowing rate. During the years ended December 31, 2023 and 2022, the Company recognized approximately $136,000 and $111,000, respectively, in rent expense which is included in general and administration and exploration expense on the consolidated statements of operations. The weighted average remaining lease term for operating leases as of December 31, 2023 was 2.1 years. At December 31, 2023, the remaining undiscounted lease payments under these lease agreements totaled approximately $287,000.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities [Text Block]	NOTE 6 - Accounts Payable and Accrued Liabilities As of December 31, 2023 and 2022, the Company's accounts payable and accrued liabilities consists of the following: December 31, 2023 December 31, $ $ Trade payables 2,705,316 1,752,312 Accrued bonuses 1,326,986 634,953 Other 318,843 127,598 4,351,145 2,514,863

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	NOTE 7 - Related Party Transactions During the fiscal year ended December 31, 2023, our CEO was compensated for his salary and short-term incentive through payments made to JCTA Management ("JCTA"), a company owned by our CEO. During the fiscal year ended December 31, 2023, $491,833 was paid to JCTA solely for base salary and 2022 approved short-term incentive (nine months ended December 31, 2022 - $360,810). No other payments were made to JCTA during the year.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	NOTE 8 - Income Taxes The following table sets forth a reconciliation of the statutory federal income tax for the fiscal year ended December 31, 2023 and nine months ended December 31, 2022: Year Ended December 31, 2023 Nine Months $ $ Income tax benefit computed at federal statutory rates (7,909,971 ) (4,516,175 ) Non-deductible expenses 4,910 20,911 Non-deductible stock-based compensation (25,887 ) 209,213 Change in valuation allowance 6,741,327 1,704,445 Other (27,708 ) 256,450 Total Tax Benefit (1,217,329 ) (2,325,156 ) 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. Balance at Charged to Balance at $ $ $ Reserves and allowances deducted from asset accounts: Valuation allowance for deferred tax assets Year ended December 31, 2023 3,514,894 6,741,327 (a) 10,256,221 Nine months ended December 31, 2022 1,810,449 1,704,445 (a) 3,514,894 (a) Significant components of our deferred tax assets and liabilities as of December 31, 2023 and 2022 are as follows: December 31, 2023 December 31, Deferred tax assets: $ $ Net operating losses 8,287,041 7,123,439 Stock-based compensation 2,896,753 2,147,387 Total 11,183,794 9,270,826 Less: valuation allowance (10,256,221 ) (3,514,894 ) Total deferred tax assets 927,573 5,755,932 Deferred tax liability: Property and equipment 5,942 (25,460 ) Mineral properties (1,043,466 ) (7,079,154 ) Other 24,619 16,564 Total deferred tax liabilities (1,012,905 ) (7,088,050 ) Net deferred tax liability (85,332 ) (1,332,118 ) The Company maintains gross federal net operating loss ("NOL") carry forwards of approximately $39.3 million ($8.3 million tax-effected). Of the total gross amount, approximately $8.5 million ($1.8 million tax-effected) will begin to expire in 2027, as they were incurred prior to 2018. The NOLs generated in 2018 - 2023 can be carried forward indefinitely under the provisions of the Tax Cuts and Jobs Act. There are no unrecognized tax benefits as of December 31, 2023 and 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	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity [Text Block]	=50% 200% Equals 100% negative 50% 50% NOTE 9 - 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. On March 8, 2022, the Company completed a reverse split of its common stock on a 1 for 35,641,667 / 49,398,602 basis. All share numbers and common stock prices presented give effect to the reverse split. 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. Stock Issuances during the fiscal year ended December 31, 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 fiscal year ended December 31, 2023, the Company utilized its ATM program to raise net proceeds of approximately $17.95 million by issuing 6,470,564 shares of common stock. 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. The Company paid a total of $179,774 in stock issuance costs related to the Orion Equity Investment. 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. In addition, the Company issued: 68,750 shares of common stock pursuant to an exercise of stock options for proceeds of $72,000; 9,018 shares of common stock pursuant to an exercise of warrants for proceeds of $18,757; 18,609 shares of common stock to employees of the Company for the settlement of PSUs; and 165,663 shares of common stock to employees and directors of the Company for the settlement of RSUs. Stock Issuances during the nine months ended December 31, 2022 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. 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 of 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 4), (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. The total intrinsic value of stock options exercised during the year ended December 31, 2023 and nine months ended December 31, 2022 was $44,586 and $Nil, respectively. 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 consolidated statement of operations: Year Ended December 31, 2023 Nine Months $ $ Exploration 726,159 713,307 General and administrative 3,596,836 2,751,093 Total stock-based compensation expense 4,322,995 3,464,400 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 RSU or a PSU. As of December 31, 2023, a total of 3,517,132 units relating to the 2022 Stock Incentive Plan remained available for future grants. Stock Options Outstanding stock options under the 2022 Stock Incentive Plan have a term of five years. During the fiscal year ended December 31, 2023, the Company issued 333,588 stock options at an exercise price of $2.81 per share, exercisable for up to five years, 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 fiscal year ended December 31, 2023. The assumptions used in the Black-Scholes option-pricing model are as follows for the stock options granted in 2023: risk-free interest rate of 3.99%, estimated volatility of 65%, dividend yield of 0% and expected life of 3, 3.5 and 4 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, to certain executive officers, where vesting commences over a one-to-three-year period based on a time-of-service vesting condition. The weighted-average grant date fair value of the options was $1.54 per share for the options issued during the nine months ended December 31, 2022. The assumptions used in the Black-Scholes option-pricing model are as follows for the stock options granted in the nine months ended December 31, 2022: risk-free interest rate ranging from 3.15% to 3.77%, estimated volatility of 65%, dividend yield of 0%, and expected life of 2.74 to 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. The Company recognized stock-based compensation related to issuance of stock options totaling $1,589,576 during the fiscal year ended December 31, 2023 compared to $1,868,637 during the nine months ended December 31, 2022, of which $265,924 was allocated to exploration expenses compared to $448,992 during the nine months ended December 31, 2022 and $1,323,652 was allocated to administrative expenses based upon the primary activities of the grantees compared to $1,419,645 during the nine months ended December 31, 2022. 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 December 31, 2023, the unrecognized compensation cost related to unvested options was $588,396, which will be recognized over a weighted average period of 1.27 years. A summary of the Company's stock option activity and related information for the fiscal year ended December 31, 2023 and the nine months ended December 31, 2022 is as follows: Number Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value # $ Outstanding as of March 31, 2022 3,349,375 4.06 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 3.89 Options granted 333,588 2.81 Options forfeited/cancelled (62,500 ) 3.34 Options exercised (68,750 ) 1.05 Outstanding as of December 31, 2023 4,201,910 3.86 2.83 459,375 Options exercisable as of December 31, 2023 3,287,357 4.07 2.53 459,375 The total intrinsic value and fair value of stock options that vested in the year ended December 31, 2023 and the nine months ended December 31, 2022 was $1,147,565 and $1,607,083, respectively. A summary of the Company's options outstanding at December 31, 2023 follows: Expiry Date Number of Options Exercise Price Remaining Life (Years) # $ March 15, 2026 656,250 1.92 2.21 May 17, 2026 1,840,625 4.76 2.38 September 13, 2026 200,000 5.09 2.71 October 18, 2026 300,000 4.64 2.80 September 2, 2027 571,447 3.01 3.67 November 18, 2027 300,000 3.74 3.89 March 1, 2028 333,588 2.81 4.17 4,201,910 Warrants During the fiscal year ended December 31, 2023, the Company issued no warrants. A summary of the Company's warrant activity is as follows: Warrants Weighted Average Exercise Price $ Balance, March 31, 2022 7,615,718 2.08 Exercised (3,607 ) 2.08 Balance, December 31, 2022 7,612,111 2.08 Exercised (9,018 ) 2.08 Balance, December 31, 2023 7,603,093 2.08 As of December 31, 2023, all 7,603,093 warrants, all with a remaining life of 2.21 years, expire on March 15, 2026. RSUs The Company's 2022 Stock Incentive Plan provides for the issuance of RSUs in amounts as approved by the Company's board of directors. During the fiscal year ended December 31, 2023, the Company granted 635,567 RSUs with an average fair value of $2.83 to executive officers, directors and employees. During the nine months ended December 31, 2022, the Company granted 545,258 RSUs with an average fair value of $3.17, to executive officers, directors and employees. The total grant date fair value of the RSUs in the fiscal year ended December 31, 2023 was calculated to be $1,796,473 (nine months ended December 31, 2022 - $1,729,977). Each RSU represents the right to receive one share of the Company's common stock. The fair value of RSUs granted during the fiscal year ended December 31, 2023 was measured at the grant-date price of the Company's shares and vest over a three-year period. The stock-based compensation expense related to RSUs will continue to be amortized over the vesting period. The Company recognized stock-based compensation expense related to the vesting of RSUs totaling $1,826,869 for the fiscal year ended December 31, 2023, compared to $1,505,872 for the nine months ended December 31, 2022, of which $265,799 was allocated to exploration expenses compared to $241,010 for the nine months ended December 31, 2022 and $1,561,070 was allocated to administrative expenses compared to $1,264,862 for the nine months ended December 31, 2022. Allocations are based upon the primary activities of the grantees. As of December 31, 2023, there was $1,261,887 of total unrecognized compensation cost related to unvested RSUs, which will be recognized over a weighted average period of 1.40 years. During the fiscal year ended December 31, 2023, 226,050 RSUs settled through the issuance of 165,663 shares and payment of approximately $225,000 for related income taxes. PSUs The Company's 2022 Stock Incentive Plan provides for the issuance of PSUs in amounts as approved by the Company's board of directors. During the fiscal year ended December 31, 2023, the Company granted 329,182 PSUs with an average fair value of $3.72, to executive officers. During the nine months ended December 31, 2022, the Company granted 112,842 PSUs with an average fair value of $2.99, to executive officers. The total grant date fair value of the PSUs granted in the fiscal year ended December 31, 2023 was calculated to be $1,223,460 (nine months ended December 31, 2022 - $337,527). The PSUs granted in the fiscal year ended December 31, 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 fiscal year ended December 31, 2023 are as follows: a risk-free interest rate of 4.65%, an estimated volatility of 73.3%, an expected dividend yield of 0%, and an expected term of 1.83 years. The stock-based compensation expense related to PSUs will be attributed separately for each vesting tranche of the award. The stock-based compensation for each vesting tranche will be recognized ratably from the service inception date to the vesting date for each tranche. The Company recognized stock-based compensation expense related to the vesting of PSUs totaling $906,550 for the fiscal year ended December 31, 2023, compared to $89,891 for the nine months ended December 31, 2022, of which $194,436 was allocated to exploration expenses compared to $23,305 for the nine months ended December 31, 2022 and $712,114 was allocated to administrative expenses compared to $66,586 for the nine months ended December 31, 2022. Allocations are based upon the primary activities of the grantees. As of December 31, 2023, there was $564,552 of total unrecognized compensation cost related to unvested PSUs, which will be recognized over a weighted average period of 1.52 years. During the fiscal year ended December 31, 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. A summary of the status and activity of the Company's non-vested RSUs and PSUs for the year ended December 31, 2023 is as follows : Number of RSU Awards Weighted- average Grant Date Fair Value per Award Number of PSU Awards Weighted- average Grant Date Fair Value per Award # $ # $ Non-vested, January 1, 2023 545,259 3.17 112,842 2.99 Granted 635,567 2.83 329,182 3.72 Vested (226,048 ) 3.14 (37,615 ) 2.95 Non-vested, December 31, 2023 954,778 2.95 404,409 3.59 The total intrinsic value and fair value of RSUs that vested in the year ended December 31, 2023 and the nine months ended December 31, 2022 was $709,988 and $5,777,500, respectively. The total intrinsic value and fair value of PSUs that vested in the year ended December 31, 2023 and the nine months ended December 31, 2022 was $512,611 and $111,094, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	NOTE 10 - Commitments and Contingencies The Company may become party to various legal actions that arise in the ordinary course of its business. The Company is 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.

Transition Period Comparative D

Transition Period Comparative Data	12 Months Ended
	Dec. 31, 2023
Transition Period Comparative Data Disclosure [Abstract]
Transition Period Comparative Data [Text Block]	NOTE 11 - Transition Period Comparative Data The following table presents certain comparative financial information for the nine months ended December 31, 2022 and 2021 (unaudited), respectively: Consolidated Statements Of Operations And Comprehensive Loss Nine Months Ended December 31, 2022 2021 (unaudited) $ $ Operating expenses Exploration expenses 13,749,359 6,117,247 General and administrative expenses 7,929,819 17,521,662 Loss from operations (21,679,178 ) (23,638,909 ) Other income (expenses) Foreign exchange loss (87,070 ) (49,543 ) Loss on settlement of debt - (124,521 ) Interest income 159,615 16,094 Interest expense - (70,854 ) Total other income (expenses) 72,545 (228,824 ) Loss before income taxes (21,606,633 ) (23,867,733 ) Income tax expense - current (55,749 ) - Deferred income tax benefit 2,380,905 381,692 Net loss (19,281,477 ) (23,486,041 ) Less: Net loss attributable to non-controlling interest - (9,612,875 ) Net loss and comprehensive loss attributable to Dakota Gold Corp. (19,281,477 ) (13,873,166 ) Basic and diluted loss per share (0.27 ) (0.28 ) Weighted average number of basic and diluted shares of common stock outstanding 72,090,163 49,287,966 Consolidated statements of cash flows Nine Months Ended December 31, 2022 2021 (unaudited) $ $ Operating activities Net loss (19,281,477) (23,486,041) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense 159,421 103,411 Stock-based compensation expense 3,464,400 16,353,160 Deferred income tax benefit (2,380,905 ) (381,692 ) Loss on settlement of debt - 124,521 Changes in current assets and liabilities: Prepaid expenses and other current assets (254,773 ) 16,739 Accounts payable and accrued liabilities (122,290 ) 339,881 Accounts payable - related party - (3,000 ) Net cash used in operating activities (18,415,624 ) (6,933,021 ) Investing activities Purchases of property and equipment (197,199 ) (573,775 ) Purchases of mineral properties (1,099,329 ) (6,179,873 ) Net cash used in investing activities (1,296,528 ) (6,753,648 ) Financing activities Net proceeds from sale of common stock on at the market ("ATM") program 2,761,260 - Proceeds from exercise of stock options 12,000 - Proceeds from exercise of warrants 7,503 - Withholding of employee tax payments on restricted stock units (558,005 ) - Proceeds from sale of DTRC common stock - 49,515,626 Issuance of share capital, net of issuance costs - 318,572 Payments on notes payable - related parties - (801,715 ) Net cash provided by financing activities 2,222,758 49,032,483 Net change in cash and cash equivalents (17,489,394 ) 35,345,814 Cash and cash equivalents, beginning of year 41,401,116 11,444,668 Cash and cash equivalents, end of year 23,911,722 46,790,482 Non-cash investing and financing activities Common stock issued for purchase of mineral properties 675,000 - Deferred ATM offering costs offset against additional paid-in capital 78,088 - Accrual of ATM issuance costs 100,000 - Conversion of note receivable as consideration for mineral properties - 8,780,464

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 12 - Subsequent Event On December 29, 2023, Dakota Gold entered into a property purchase agreement with VMC, LLC ("VMC") for total consideration of $3.3 million. Dakota Gold acquired various databases, mining permits and real properties in Lawrence County, South Dakota. The deal closed on January 12, 2024 and the Company issued a total of 640,638 shares based on a volume weighted average price ("VWAP") of $2.57 per share for the first tranche of payment. The Company, at their discretion, may issue at any time during the next nine-month period following the close either cash or shares for the remaining purchase price of $1.65 million to be paid. If the Company elects to issue shares, the value of any Dakota Gold shares issued will be based upon the VWAP of the shares for the twenty (20) day period immediately prior to the date of issuance of the Dakota Gold Shares on or before nine months following the closing date.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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"). In August 2022, the Company changed its fiscal year from March to December 31. As a result, in addition to the full calendar year ended December 31, 2023, the Company is reporting financial information for the transition period from April 1 to December 31, 2022, and unaudited financial information for the nine months ended December 31, 2021 (Note 11).
Basis of Consolidation [Policy Text Block]	Basis of Consolidation As of December 31, 2023 and 2022, these consolidated financial statements include the accounts of the Company and the following wholly-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.
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. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.
Functional 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 less depreciation and depletion and accumulated impairment losses, if any. 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. The cost of self-constructed assets includes the cost of materials and direct labor. Depreciation is computed using the straight-line method over an asset's estimated useful life as follows: Category Useful Life Building 39 years Furniture and equipment 3 to 5 years Operating lease assets 2 to 5 years
Leases [Policy Text Block]	Leases The Company determines if a contractual arrangement represents or contains a lease at inception. Right-of-use ("ROU") assets associated with operating leases are grouped with property and equipment on the consolidated balance sheet. The Company currently has no finance leases. ROU assets and lease liabilities that extend beyond one year at inception are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, an incremental borrowing rate is estimated in determining the present value of the future lease payments. The incremental borrowing rate is derived from information available at the lease commencement date and represents the rate of interest that a lessee would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term in a similar economic environment. Operating lease ROU assets and liabilities also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We have elected not to recognize ROU assets and lease liability for short-term leases that have a lease term of 12 months or less.
Mineral Rights and Properties [Policy Text Block]	Mineral Rights and Properties 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 will be capitalized once proven and probable reserves exist and the property is a commercially mineable property. There has been no mine development to date. 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. There were no impairments recorded for the twelve months ended December 31, 2023 or nine months ended December 31, 2022.
Fair Value Measurements [Policy Text Block]	Fair Value Measurements Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs used to measure fair value are described below: ● Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. ● Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value. The Company's financial instruments consist principally of cash and cash equivalents 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.
Concentration of Credit Risk [Policy Text Block]	Concentration of Credit Risk The financial instrument which potentially subjects the Company to credit risk is cash and cash equivalents. The Company holds its cash in US and Canadian banks and United States treasury bills with a Canadian financial institution and the risk of default is considered to be remote. As part of its cash management process, the Company regularly monitors the relative credit standing of this institution.
Environmental Costs [Policy Text Block]	Environmental Costs Environmental expenditures that relate to current operations are expensed as incurred. 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 liability method. Under this method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax basis of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 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 Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the diluted weighted average number of shares of common stock during the period. The diluted weighted average number of shares of common stock outstanding is the basic weighted number of shares adjusted for the dilutive effect of potential future issuances of common stock related to outstanding options and warrants, if any. 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 fiscal year ended December 31, 2023 and the nine months ended December 31, 2022, because they were anti-dilutive (Note 9).
Stock-Based Compensation [Policy Text Block]	Stock-Based Compensation The Company estimates the fair value of stock-based compensation using Black-Scholes and Monte Carlos valuation models. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of our stock, the risk-free rate, and dividend yield. Estimates of fair value are not intended to predict actual future events, or the value ultimately realized by the option holders, and subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Company. The Company recognizes forfeitures when incurred. The Company estimates the expected term for all options using the simplified method permitted. This method was used as the Company does not have sufficient historical share option exercise experience to provide a more reliable estimate of expected term. The simplified method calculates the expected term as the average of the vesting period and the original contractual term.
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 fiscal year ended December 31, 2023 and nine months ended December 31, 2022, ATM program-related legal and consulting fees totaling $68,889 and $438,740, respectively, had been incurred. During the fiscal year ended December 31, 2023 and the nine months ended December 31, 2022, offering costs totaling $176,250 and $78,088, respectively, were offset against proceeds from the ATM program in additional paid-in capital. As of December 31, 2023 and 2022, there was $253,291 and $360,652, respectively, of such costs deferred and included in prepaid expenses and other current assets on the consolidated balance sheets.
Recently issued Accounting Standards [Policy Text Block]	Recently issued Accounting Standards In December 2023, the Financial Standards Accounting Board ("FASB") issued Accounting Standards Update ("ASU") 2023- 09 "Income Taxes (Topics 740): Improvements to Income Tax Disclosures" to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. The Company is currently evaluating the potential effect that the updated standard will have on the financial statement disclosures. In November 2023, the FASB issued ASU 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for our annual periods beginning January 1, 2024, and for interim periods beginning January 1, 2025, with early adoption permitted. The adoption is not expected to have a material impact on the Company's Consolidated Financial Statements or disclosures.

Summary of Accounting Policie_2

Summary of Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of asset's estimated useful life [Table Text Block]	Category Useful Life Building 39 years Furniture and equipment 3 to 5 years Operating lease assets 2 to 5 years

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	Estimated Useful Life (Years) December 31, 2023 December 31, $ $ Land 418,884 70,000 Building 39 1,366,682 768,338 Furniture and equipment 3 to 5 875,397 754,969 ROU assets 2 to 5 229,611 - 2,890,574 1,593,307 Less accumulated depreciation (628,595 ) (326,517 ) Property and equipment, net 2,261,979 1,266,790

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of accounts payable and accrued liabilities [Table Text Block]	December 31, 2023 December 31, $ $ Trade payables 2,705,316 1,752,312 Accrued bonuses 1,326,986 634,953 Other 318,843 127,598 4,351,145 2,514,863

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit) [Table Text Block]	Year Ended December 31, 2023 Nine Months $ $ Income tax benefit computed at federal statutory rates (7,909,971 ) (4,516,175 ) Non-deductible expenses 4,910 20,911 Non-deductible stock-based compensation (25,887 ) 209,213 Change in valuation allowance 6,741,327 1,704,445 Other (27,708 ) 256,450 Total Tax Benefit (1,217,329 ) (2,325,156 )
Schedule of valuation allowance on certain deferred tax assets	Balance at Charged to Balance at $ $ $ Reserves and allowances deducted from asset accounts: Valuation allowance for deferred tax assets Year ended December 31, 2023 3,514,894 6,741,327 (a) 10,256,221 Nine months ended December 31, 2022 1,810,449 1,704,445 (a) 3,514,894
Schedule of deferred tax assets and liabilities [Table Text Block]	December 31, 2023 December 31, Deferred tax assets: $ $ Net operating losses 8,287,041 7,123,439 Stock-based compensation 2,896,753 2,147,387 Total 11,183,794 9,270,826 Less: valuation allowance (10,256,221 ) (3,514,894 ) Total deferred tax assets 927,573 5,755,932 Deferred tax liability: Property and equipment 5,942 (25,460 ) Mineral properties (1,043,466 ) (7,079,154 ) Other 24,619 16,564 Total deferred tax liabilities (1,012,905 ) (7,088,050 ) Net deferred tax liability (85,332 ) (1,332,118 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Stock-based compensation expense, general and administrative expenses [Table Text Block]	Year Ended December 31, 2023 Nine Months $ $ Exploration 726,159 713,307 General and administrative 3,596,836 2,751,093 Total stock-based compensation expense 4,322,995 3,464,400
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 March 31, 2022 3,349,375 4.06 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 3.89 Options granted 333,588 2.81 Options forfeited/cancelled (62,500 ) 3.34 Options exercised (68,750 ) 1.05 Outstanding as of December 31, 2023 4,201,910 3.86 2.83 459,375 Options exercisable as of December 31, 2023 3,287,357 4.07 2.53 459,375
Schedule of options outstanding [Table Text Block]	Expiry Date Number of Options Exercise Price Remaining Life (Years) # $ March 15, 2026 656,250 1.92 2.21 May 17, 2026 1,840,625 4.76 2.38 September 13, 2026 200,000 5.09 2.71 October 18, 2026 300,000 4.64 2.80 September 2, 2027 571,447 3.01 3.67 November 18, 2027 300,000 3.74 3.89 March 1, 2028 333,588 2.81 4.17 4,201,910
Schedule of changes of warrant activity [Table Text Block]	Warrants Weighted Average Exercise Price $ Balance, March 31, 2022 7,615,718 2.08 Exercised (3,607 ) 2.08 Balance, December 31, 2022 7,612,111 2.08 Exercised (9,018 ) 2.08 Balance, December 31, 2023 7,603,093 2.08
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 Awards Weighted- average Grant Date Fair Value per Award Number of PSU Awards Weighted- average Grant Date Fair Value per Award # $ # $ Non-vested, January 1, 2023 545,259 3.17 112,842 2.99 Granted 635,567 2.83 329,182 3.72 Vested (226,048 ) 3.14 (37,615 ) 2.95 Non-vested, December 31, 2023 954,778 2.95 404,409 3.59

Transition Period Comparative_2

Transition Period Comparative Data (Tables)	12 Months Ended
	Dec. 31, 2023
Transition Period Comparative Data Disclosure [Abstract]
Schedule of transition period comparative data [Table Text Block]	Consolidated Statements Of Operations And Comprehensive Loss Nine Months Ended December 31, 2022 2021 (unaudited) $ $ Operating expenses Exploration expenses 13,749,359 6,117,247 General and administrative expenses 7,929,819 17,521,662 Loss from operations (21,679,178 ) (23,638,909 ) Other income (expenses) Foreign exchange loss (87,070 ) (49,543 ) Loss on settlement of debt - (124,521 ) Interest income 159,615 16,094 Interest expense - (70,854 ) Total other income (expenses) 72,545 (228,824 ) Loss before income taxes (21,606,633 ) (23,867,733 ) Income tax expense - current (55,749 ) - Deferred income tax benefit 2,380,905 381,692 Net loss (19,281,477 ) (23,486,041 ) Less: Net loss attributable to non-controlling interest - (9,612,875 ) Net loss and comprehensive loss attributable to Dakota Gold Corp. (19,281,477 ) (13,873,166 ) Basic and diluted loss per share (0.27 ) (0.28 ) Weighted average number of basic and diluted shares of common stock outstanding 72,090,163 49,287,966 Consolidated statements of cash flows Nine Months Ended December 31, 2022 2021 (unaudited) $ $ Operating activities Net loss (19,281,477) (23,486,041) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense 159,421 103,411 Stock-based compensation expense 3,464,400 16,353,160 Deferred income tax benefit (2,380,905 ) (381,692 ) Loss on settlement of debt - 124,521 Changes in current assets and liabilities: Prepaid expenses and other current assets (254,773 ) 16,739 Accounts payable and accrued liabilities (122,290 ) 339,881 Accounts payable - related party - (3,000 ) Net cash used in operating activities (18,415,624 ) (6,933,021 ) Investing activities Purchases of property and equipment (197,199 ) (573,775 ) Purchases of mineral properties (1,099,329 ) (6,179,873 ) Net cash used in investing activities (1,296,528 ) (6,753,648 ) Financing activities Net proceeds from sale of common stock on at the market ("ATM") program 2,761,260 - Proceeds from exercise of stock options 12,000 - Proceeds from exercise of warrants 7,503 - Withholding of employee tax payments on restricted stock units (558,005 ) - Proceeds from sale of DTRC common stock - 49,515,626 Issuance of share capital, net of issuance costs - 318,572 Payments on notes payable - related parties - (801,715 ) Net cash provided by financing activities 2,222,758 49,032,483 Net change in cash and cash equivalents (17,489,394 ) 35,345,814 Cash and cash equivalents, beginning of year 41,401,116 11,444,668 Cash and cash equivalents, end of year 23,911,722 46,790,482 Non-cash investing and financing activities Common stock issued for purchase of mineral properties 675,000 - Deferred ATM offering costs offset against additional paid-in capital 78,088 - Accrual of ATM issuance costs 100,000 - Conversion of note receivable as consideration for mineral properties - 8,780,464

Organization and Nature of Bu_2

Organization and Nature of Business (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Entity incorporation, date of incorporation	Nov. 15, 2017
Common stock	$ 86,740	$ 73,341
Cash	25,500,000
Working capital	$ 21,700,000
Description of reverse stock split	On March 31, 2022, the Company completed a merger with Dakota Territory Resource Corp., a Nevada corporation ("Dakota Territory" or "DTRC"), pursuant to which Dakota Territory stockholders, other than Dakota Gold, were entitled to receive one share of Dakota Gold common stock for each share of Dakota Territory common stock (the "DTRC Merger").
DTRC's former stockholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock	$ 35,209,316

Summary of Accounting Policie_3

Summary of Accounting Policies (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Oct. 21, 2022	Dec. 31, 2022	Dec. 31, 2023
Financing Receivable, Impaired [Line Items]
Deferred ATM offering costs offset against additional paid-in capital		$ 78,088	$ 176,250
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	68,889
Deferred costs included in prepaid expenses and other current assets		360,652	253,291
Deferred ATM offering costs offset against additional paid-in capital		$ 78,088	$ 176,250

Summary of Accounting Policie_4

Summary of Accounting Policies - Property and Equipment (Details)	Dec. 31, 2023
Building [Member]
Property, Plant and Equipment [Line Items]
Assets estimated useful life	39 years
Furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Assets estimated useful life	3 years
Furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Assets estimated useful life	5 years
Operating lease assets [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Assets estimated useful life	2 years
Operating lease assets [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Assets estimated useful life	5 years

Mineral Rights and Properties (

Mineral Rights and Properties (Narrative) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Mineral Industries Disclosures [Abstract]
Mineral properties	$ 79,344,304	$ 78,737,287	$ 78,737,287

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 159,421	$ 302,078
Lease liability and ROU asset discount rate		11.66%
Rent expense		$ 136,000	$ 111,000
Weighted average remaining lease term for operating leases		2 years 1 month 6 days
Remaining undiscounted lease payments		$ 287,000

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,890,574	$ 1,593,307
Less accumulated depreciation	(628,595)	(326,517)
Property and equipment, net	2,261,979	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	$ 1,366,682	768,338
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 875,397	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
Right of use assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 229,611	$ 0
Right of use assets [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	2 years
Right of use 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 ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 2,705,316	$ 1,752,312
Accrued liabilities	1,326,986	634,953
Other	318,843	127,598
Accounts Payable and Accrued Liabilities	$ 4,351,145	$ 2,514,863

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
CEO [Member] | JCTA Management [Member]
Related Party Transaction [Line Items]
Salary and short-term incentive	$ 360,810	$ 491,833

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	Dec. 31, 2023 USD ($)
Period Of Operating Loss Carry Forward [Line Items]
Net operating loss carry forward	$ 39.3
Total gross amount	8.5
Expire in 2027 [Member]
Period Of Operating Loss Carry Forward [Line Items]
Net operating loss carry forward	8.3
Total gross amount	$ 1.8

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	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit computed at federal statutory rates	$ (4,516,175)	$ (7,909,971)
Non-deductible expenses	20,911	4,910
Non-deductible stock-based compensation	209,213	(25,887)
Change in valuation allowance	1,704,445	6,741,327	$ 1,704,445
Other	256,450	(27,708)
Total Tax Benefit	$ (2,325,156)	$ (1,217,329)

Income Taxes - Schedule of valu

Income Taxes - Schedule of valuation allowance on deferred tax assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Balance at Beginning of Fiscal Year		$ 3,514,894
Charged to Costs and Expense	$ 1,704,445	6,741,327	$ 1,704,445
Balance at End of Fiscal Year	$ 3,514,894	$ 10,256,221	$ 3,514,894

Income Taxes - Schedule of defe

Income Taxes - Schedule of deferred tax assets and liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2021
Deferred tax assets:
Net operating losses	$ 8,287,041	$ 7,123,439
Stock-based compensation	2,896,753	2,147,387
Total	11,183,794	9,270,826
Less: valuation allowance	(10,256,221)	(3,514,894)	$ (1,810,449)
Total deferred tax assets	927,573	5,755,932
Deferred tax liability:
Property and equipment	5,942	(25,460)
Mineral properties	(1,043,466)	(7,079,154)
Other	24,619	16,564
Total deferred tax liabilities	(1,012,905)	(7,088,050)
Net deferred tax liability	$ (85,332)	$ (1,332,118)

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)				1 Months Ended		9 Months Ended	12 Months Ended
	Oct. 11, 2023	Nov. 01, 2022	Mar. 08, 2022	Oct. 20, 2023	Oct. 21, 2022	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	May 18, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse split			On March 8, 2022, the Company completed a reverse split of its common stock on a 1 for 35,641,667 / 49,398,602 basis.
Common stock, shares authorized						300,000,000	300,000,000	300,000,000	300,000,000
Common stock issued for exercise of options (Shares)						37,500	68,750
Common stock issued upon exercise of stock options						$ 12,000	$ 72,000
Proceeds from exercise of warrants						7,503	18,757
Aggregate intrinsic value of options exercised						0	44,586
Proceeds from sale of common stock on at-the market ("ATM") program						2,761,260	17,946,505
Proceeds from stock options exercised						$ 12,000	$ 72,000
Number of share options granted						871,447	333,588
Weighted average exercise price of share options, granted						$ 3.26	$ 2.81
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued for exercise of options (Shares)						37,500	68,750
Common stock issued upon exercise of stock options						$ 37	$ 69
Common stock issued for investment in mineral properties (Shares)						306,749
Common stock issued for exercise of warrants (Shares)						3,607	9,018
Common stock issued for restricted stock units ("PSUs") (Shares)							18,609
Common stock issued for restricted stock units ("RSUs") (Shares)						962,750	165,663
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	$ 71,931
Common stock issued for investment in mineral properties						1,500,000
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					6,470,564
Issued price per share		$ 3.1
Proceeds from sale of common stock on at-the market ("ATM") program		$ 3,100,000					$ 17,950,000
Legal and consulting costs						$ 438,740	$ 68,889
Orion Equity Investment [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares value of Investment In orion equity investment	$ 17,000,000			$ 17,000,000
Description of stock transaction	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.
Total consideration	$ 1,000,000
Total consideration paid	75,000
Total consideration remaining amount payable	925,000
Stock issuance costs related Orion Equity Investment.	179,774
Unsecured convertible debt	50,000,000
Orion purchased shares of common stock				6,666,667
Issued price per share				$ 2.55
Proceeds from sale of common stock	200,000,000
Cash received from issuance of shares	$ 300,000,000
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
Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants outstanding						7,612,111	7,603,093	7,612,111		7,615,718
Class of warrant, outstanding remaining life							2 years 2 months 15 days
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units granted in period							635,567
Fair value of units granted							$ 2.83
2022 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate intrinsic value of options exercised							$ 1,147,565	$ 1,607,083
Common stock purchase options available for award										6,250,000
Shares remaining available for future grants							3,517,132
Term of options							5 years
Number of share options granted						871,447	333,588
Weighted average exercise price of share options, granted						$ 3.26	$ 2.81
Stock-based compensation expense						$ 1,868,637	$ 1,589,576
Weighted average grant date fair value of options						$ 1.54	$ 1.39
Risk-free interest rate							3.99%
Estimated volatility						65%	65%
Dividend yield						0%	0%
Unrecognized compensation cost related to unvested options							$ 588,396
Vesting period							1 year 3 months 7 days
2022 Stock Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate						3.15%
Expected life						2 years 8 months 26 days	3 years
2022 Stock Incentive Plan [Member] | Average [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life							3 years 6 months
2022 Stock Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate						3.77%
Expected life						3 years 10 months 6 days	4 years
2022 Stock Incentive Plan [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 448,992	$ 265,924
2022 Stock Incentive Plan [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 1,419,645	1,323,652
2022 Stock Incentive Plan [Member] | Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate intrinsic value of options exercised							$ 709,988	5,777,500
Number of share options granted						545,258	635,567
Stock-based compensation expense						$ 1,505,872	$ 1,826,869
Weighted average grant date fair value of options						$ 3.17	$ 2.83
Grant date value fair of awards granted						$ 1,729,977	$ 1,796,473
Total unrecognized compensation cost related to unvested RSUs and PSUs							$ 1,261,887
Vesting period							1 year 4 months 24 days
Units granted in period							226,050
Shares issued in period							165,663
Payment tax withholding							$ 225,000
2022 Stock Incentive Plan [Member] | Restricted Stock Units ("RSU") [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						241,010	265,799
2022 Stock Incentive Plan [Member] | 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						1,264,862	1,561,070
2022 Stock Incentive Plan [Member] | Phantom Share Units (PSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate intrinsic value of options exercised							512,611	$ 111,094
Stock-based compensation expense						$ 89,891	$ 906,550
Weighted average grant date fair value of options						$ 2.99	$ 3.72
Grant date value fair of awards granted						$ 337,527	$ 1,223,460
Risk-free interest rate							4.65%
Estimated volatility							73.30%
Dividend yield							0%
Expected life							1 year 9 months 29 days
Total unrecognized compensation cost related to unvested RSUs and PSUs							$ 564,552
Vesting period							1 year 6 months 7 days
Units granted in period						112,842	329,182
Units vested in period							37,615
Percentage of performance target settled							86%
Shares issued in period							18,609
Payment tax withholding							$ 38,000
2022 Stock Incentive Plan [Member] | Phantom Share Units (PSUs) [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Index multiplier							0%
2022 Stock Incentive Plan [Member] | Phantom Share Units (PSUs) [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Index multiplier							200%
2022 Stock Incentive Plan [Member] | Phantom Share Units (PSUs) [Member] | Exploration Costs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 23,305	$ 194,436
2022 Stock Incentive Plan [Member] | Phantom Share Units (PSUs) [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense						$ 66,586	$ 712,114

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of stock-based compensation (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Exploration	$ 713,307	$ 726,159
General and administrative	2,751,093	3,596,836
Total stock-based compensation expense	$ 3,464,400	$ 4,322,995

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	Dec. 31, 2023
Share-based Payment Arrangement [Abstract]
Options outstanding, beginning of period	3,349,375	3,999,572
Weighted average exercise price at beginning of period	$ 4.06	$ 3.89
Options outstanding, weighted average remaining contractual life (in years)		2 years 9 months 29 days
Options granted	871,447	333,588
Weighted average exercise price of share options, granted	$ 3.26	$ 2.81
Options forfeited/cancelled	(183,750)	(62,500)
Weighted average exercise price of share options, forfeited/cancelled	$ 4.76	$ 3.34
Options exercised	(37,500)	(68,750)
Weighted average exercise price of share options, exercised	$ 0.32	$ 1.05
Options outstanding, end of period	3,999,572	4,201,910
Weighted average exercise price at end of period	$ 3.89	$ 3.86
Options outstanding, aggregate intrinsic value, ending balance		$ 459,375
Number of options exercisable		3,287,357
Weighted average exercise price of options exercisable		$ 4.07
Options exercisable, weighted average remaining contractual life (in years)		2 years 6 months 10 days
Options exercisable, aggregate intrinsic value, ending balance		$ 459,375

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of options outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	4,201,910	3,999,572	3,349,375
Exercise price	$ 3.86	$ 3.89	$ 4.06
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 2 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 4 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 8 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)	2 years 9 months 18 days
Options Outstanding 5 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiry date	Sep. 02, 2027
Number of options	571,447
Exercise price	$ 3.01
Remaining life (years)	3 years 8 months 1 day
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)	3 years 10 months 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 2 months 1 day

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, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning of period	7,615,718	7,612,111
Warrants outstanding, weighted average exercise price, beginning of period	$ 2.08	$ 2.08
Warrants exercised	(3,607)	(9,018)
Warrants exercised, weighted average exercise price	$ 2.08	$ 2.08
Warrants outstanding, end of period	7,612,111	7,603,093
Warrants outstanding, weighted average exercise price, end of period	$ 2.08	$ 2.08

Stockholders' Equity - Schedu_5

Stockholders' Equity - Schedule of Company Stock Price Performance Relative to Index Performance (Details) - Performance Share Units "PSU" [Member]	12 Months Ended
	Dec. 31, 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 - (Schedul

Stockholders' Equity - (Schedule of RSU and PSU awards activity) (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Restricted Stock Units ("RSU") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning	545,259
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 3.17
Number of Awards, Granted	635,567
Weighted-average grant date fair value per award, Granted | $ / shares	$ 2.83
Number of Awards Outstanding, Ending	954,778
Weighted-average grant date fair value per award, Ending | $ / shares	$ 2.95
Number of Awards, Vested	226,048
Weighted-average grant date fair value per award, Vested	3.14
Performance Share Units "PSU" [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Awards Outstanding, Beginning	112,842
Weighted-average grant date fair value per award, Beginning | $ / shares	$ 2.99
Number of Awards, Granted	329,182
Weighted-average grant date fair value per award, Granted | $ / shares	$ 3.72
Number of Awards Outstanding, Ending	404,409
Weighted-average grant date fair value per award, Ending | $ / shares	$ 3.59
Number of Awards, Vested	37,615
Weighted-average grant date fair value per award, Vested	2.95

Transition Period Comparative_3

Transition Period Comparative Data - (Schedule of comparative financial information of consolidated statements of loss and comprehensive loss) (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Operating expenses
Exploration expenses	$ 13,749,359		$ 28,345,452
General and administrative expenses	7,929,819		9,690,940
Loss from operations	(21,679,178)		(38,036,392)
Other income (expenses)
Foreign exchange loss	(87,070)		(44,304)
Interest income	159,615		414,168
Total other income (expenses)	72,545		369,864
Loss before income taxes	(21,606,633)		(37,666,528)
Income tax expense - current	(55,749)		(29,457)
Deferred income tax benefit	2,380,905		1,246,786
Net loss and comprehensive loss	$ (19,281,477)		$ (36,449,199)
Basic loss per share	$ (0.27)		$ (0.47)
Diluted loss per share	$ (0.27)		$ (0.47)
Weighted average number of basic shares of common stock outstanding	72,090,163		78,251,025
Weighted average number of diluted shares of common stock outstanding	72,090,163		78,251,025
Transition Period Of Consolidated Statements Of Loss And Comprehensive Loss [Member]
Operating expenses
Exploration expenses	$ 13,749,359	$ 6,117,247
General and administrative expenses	7,929,819	17,521,662
Loss from operations	(21,679,178)	(23,638,909)
Other income (expenses)
Foreign exchange loss	(87,070)	(49,543)
Loss on settlement of debt	0	(124,521)
Interest income	159,615	16,094
Interest expense	0	(70,854)
Total other income (expenses)	72,545	(228,824)
Loss before income taxes	(21,606,633)	(23,867,733)
Income tax expense - current	(55,749)	0
Deferred income tax benefit	2,380,905	381,692
Net loss and comprehensive loss	(19,281,477)	(23,486,041)
Less: Net loss attributable to non-controlling interest	0	(9,612,875)
Net loss attributable to Dakota Gold Corp	$ (19,281,477)	$ (13,873,166)
Basic loss per share	$ (0.27)	$ (0.28)
Diluted loss per share	$ (0.27)	$ (0.28)
Weighted average number of basic shares of common stock outstanding	72,090,163	49,287,966
Weighted average number of diluted shares of common stock outstanding	72,090,163	49,287,966

Transition Period Comparative_4

Transition Period Comparative Data - (Schedule of comparative financial information of consolidated statements of cash flows) (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Cash flows from operating activities
Net loss	$ (19,281,477)		$ (36,449,199)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	159,421		302,078
Stock-based compensation expense	3,464,400		4,322,995
Deferred income tax benefit	(2,380,905)		(1,246,786)
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(254,773)		50,249
Accounts payable and accrued liabilities	(122,290)		1,822,947
Net cash used in operating activities	(18,415,624)		(31,197,716)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(197,199)		(1,054,320)
Purchases of mineral properties	(1,099,329)		(607,017)
Net cash used in investing activities	(1,296,528)		(1,759,911)
Financing activities
Proceeds from exercise of stock options	12,000		72,000
Proceeds from exercise of warrants	7,503		18,757
Withholding of employee tax payments on restricted stock units	(558,005)		(263,211)
Net cash provided by financing activities	2,222,758		34,594,278
Net change in cash and cash equivalents	(17,489,394)		1,636,651
Cash and cash equivalents, beginning of year	41,401,116		23,911,722
Cash and cash equivalents, end of year	23,911,722		25,548,373
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for purchase of mineral properties	675,000		0
Deferred ATM offering costs offset against additional paid-in capital	78,088		176,250
Accrual of ATM issuance costs	100,000		0
Transition period information of consolidated statements of cash flow [Member]
Cash flows from operating activities
Net loss	(19,281,477)	$ (23,486,041)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	159,421	103,411
Stock-based compensation expense	3,464,400	16,353,160
Deferred income tax benefit	(2,380,905)	(381,692)
Loss on settlement of debt	0	124,521
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(254,773)	16,739
Accounts payable and accrued liabilities	(122,290)	339,881
Accounts payable - related party	0	(3,000)
Net cash used in operating activities	(18,415,624)	(6,933,021)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(197,199)	(573,775)
Purchases of mineral properties	(1,099,329)	(6,179,873)
Net cash used in investing activities	(1,296,528)	(6,753,648)
Financing activities
Net proceeds from sale of common stock on at the market (ATM) program	2,761,260	0
Proceeds from exercise of stock options	12,000	0
Proceeds from exercise of warrants	7,503	0
Withholding of employee tax payments on restricted stock units	(558,005)	0
Proceeds from sale of DTRC common stock	0	49,515,626
Issuance of share capital, net of issuance costs	0	318,572
Payments on notes payable - related parties	0	(801,715)
Net cash provided by financing activities	2,222,758	49,032,483
Net change in cash and cash equivalents	(17,489,394)	35,345,814
Cash and cash equivalents, beginning of year	41,401,116	11,444,668	$ 23,911,722
Cash and cash equivalents, end of year	23,911,722	46,790,482
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for purchase of mineral properties	675,000	0
Deferred ATM offering costs offset against additional paid-in capital	78,088	0
Accrual of ATM issuance costs	100,000	0
Conversion of note receivable as consideration for mineral properties	$ 0	$ 8,780,464

Subsequent Event (Narrative) (D

Subsequent Event (Narrative) (Details) - Subsequent Event [Member] - Property Purchase Agreement [Member] - VMC, LLC [Member] $ / shares in Units, $ in Thousands	Jan. 12, 2024 USD ($) $ / shares shares
Subsequent Event [Line Items]
Total consideration for acquisition of various databases, mining permits and real properties	$ 3,300
Shares issued upon acquisition | shares	640,638
Issued price per share | $ / shares	$ 2.57
Remaining purchase price to be paid	$ 1,650