Dakota Gold Says Feasibility Study for Richmond Hill Project Fully Funded After Close of $35 Million Offering

MT Newswires Live

Mar 25

Dakota Gold (DC) said Tuesday its feasibility study for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota is fully funded through completion after raising $35 million from a shares offering.

The company said its total cash position now stood at more than $47 million before expenses.

Due to its "strong" cash position, the company is suspending its at-the-market equity program which it previously used for common stock offering, it added.

Dakota Gold said it anticipates launching the permitting process for the Richmond Hill project once it completes the study, which is expected in mid-2026.

The gold miner also said it intends to mobilize drills to Richmond Hill on April 1 and "could see potential" production in 2029.

Shares of the company were up 1.1% in recent Tuesday premarket activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2522071371"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522071371\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522071371?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-25 21:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522071371","market":"nz","top_or_hot":-1,"title":"Dakota Gold Says Feasibility Study for Richmond Hill Project Fully Funded After Close of $35 Million Offering","media":"MT Newswires Live","content":"<html><body><p> Dakota Gold (DC) said Tuesday its feasibility study for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota is fully funded through completion after raising $35 million from a shares offering.</p><p>The company said its total cash position now stood at more than $47 million before expenses.</p><p>Due to its \"strong\" cash position, the company is suspending its at-the-market equity program which it previously used for common stock offering, it added.</p><p>Dakota Gold said it anticipates launching the permitting process for the Richmond Hill project once it completes the study, which is expected in mid-2026.</p><p>The gold miner also said it intends to mobilize drills to Richmond Hill on April 1 and \"could see potential\" production in 2029.</p><p>Shares of the company were up 1.1% in recent Tuesday premarket activity.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dakota Gold Says Feasibility Study for Richmond Hill Project Fully Funded After Close of $35 Million Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDakota Gold Says Feasibility Study for Richmond Hill Project Fully Funded After Close of $35 Million Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-25 21:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Dakota Gold (DC) said Tuesday its feasibility study for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota is fully funded through completion after raising $35 million from a shares offering.</p><p>The company said its total cash position now stood at more than $47 million before expenses.</p><p>Due to its \"strong\" cash position, the company is suspending its at-the-market equity program which it previously used for common stock offering, it added.</p><p>Dakota Gold said it anticipates launching the permitting process for the Richmond Hill project once it completes the study, which is expected in mid-2026.</p><p>The gold miner also said it intends to mobilize drills to Richmond Hill on April 1 and \"could see potential\" production in 2029.</p><p>Shares of the company were up 1.1% in recent Tuesday premarket activity.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4017","symbol_name":"黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522071371","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522071371","pubTimestamp":1742908746,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Dakota Gold  said Tuesday its feasibility study for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota is fully funded through completion after raising $35 million from a shares offering.The company said its total cash position now stood at more than $47 million before expenses.Due to its \"strong\" cash position, the company is suspending its at-the-market equity program which it previously used for common stock offering, it added.Dakota Gold said it anticipates launching the permitting process for the Richmond Hill project once it completes the study, which is expected in mid-2026.The gold miner also said it intends to mobilize drills to Richmond Hill on April 1 and \"could see potential\" production in 2029.Shares of the company were up 1.1% in recent Tuesday premarket activity.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4017":"黄金","DC":"Dakota Gold Corp"},"translate_title":"Dakota Gold表示，里士满山项目的可行性研究在完成3500万美元的发行后已获得全额资助","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DC":0.9},"content_text":"Dakota Gold (DC) said Tuesday its feasibility study for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota is fully funded through completion after raising $35 million from a shares offering.The company said its total cash position now stood at more than $47 million before expenses.Due to its \"strong\" cash position, the company is suspending its at-the-market equity program which it previously used for common stock offering, it added.Dakota Gold said it anticipates launching the permitting process for the Richmond Hill project once it completes the study, which is expected in mid-2026.The gold miner also said it intends to mobilize drills to Richmond Hill on April 1 and \"could see potential\" production in 2029.Shares of the company were up 1.1% in recent Tuesday premarket activity.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}