Dakota Gold (DC) risk factors, FY2024 10-K

Other

1. 01Risks Associated with Our Financial Condition
2. 02We have a limited operating history, currently generate no revenue, and if we are not successful in continuing to advance our business to production, then we may have to scale back or even cease our ongoing business operations
3. 03We will require additional capital to develop any properties in which we establish the existence of commercially viable mineral resources in a commercially exploitable quantity into production. If we cannot raise this additional capital, we will not be able to exploit the resource, and our business could fail
4. 04Our business and operations are highly dependent on the market prices of our common stock and gold, and these prices can be volatile. Any prolonged decline in the price of our common stock or gold prices in general could affect our ability to raise further working capital and adversely impact our operations
5. 05forward sales by producers in hedging or similar transactions
6. 06We have had negative cash flows from operations and if we are not able to obtain further financing our business operations may fail
7. 07political climate and/or governmental regulation and control
8. 08The values of our properties are subject to volatility in the price of gold and any other deposits we may seek or locate
9. 09We may not be able to obtain all required permits and licenses to place any of our properties into future potential production
10. 10Our business is subject to extensive evolving environmental regulations, including ones involving climate change, that may make exploring, or related activities prohibitively expensive, which could have a material adverse effect on our business
11. 11Our property titles may be challenged, and we are not insured against any challenges, impairments or defects to our mineral claims or property titles
12. 12Competition in the mining industry is intense, and we have limited financial and personnel resources with which to compete
13. 13We will be subject to operating hazards and risks that may adversely affect our financial condition
14. 14Uncertainty of agreements to secure access to property from adjacent landowners may affect our ability to remain in business
15. 15Increased cybersecurity vulnerabilities and threats, and more sophisticated and targeted cyber-attacks and other security incidents, pose risks to our systems, data and business and our relationships with third parties
16. 16Possible future amendments to the General Mining Law and other regulations could make it more difficult or impossible for us to execute our business plan
17. 17We do not know if our properties contain any gold or other minerals that can be mined at a profit
18. 18We have released an estimate of mineral resources for our Richmond Hill Gold Project; however, estimates of mineral resources are uncertain
19. 19Our properties are in the exploration stage
20. 20Our exploration and extraction activities may not be commercially successful
21. 21the capital available for mining operations
22. 22The nature of mineral exploration and production activities involves a high degree of risk and the possibility of uninsured losses
23. 23decrease in the value of mineralized material due to lower gold, silver and metal prices
24. 24Market forces or unforeseen developments may prevent us from obtaining the supplies and equipment necessary to explore for gold and other minerals
25. 25We may be denied the government licenses and permits that we need to explore or mine on our properties
26. 26We may not be able to maintain the infrastructure necessary to conduct exploration and development activities
27. 27Our exploration activities may be adversely affected by the local climate or seismic events, which could prevent us from gaining access to our property year-round
28. 28We may acquire additional mining properties in the future and our business may be negatively impacted if mineral reserves are not located on acquired properties or if we are unable to successfully execute and/or integrate the acquisitions
29. 29Our business may be disrupted, and its financial results may be materially adversely affected, by any future pandemic
30. 30Global and regional political and economic conditions could adversely impact our business and operations
31. 31Investors’ interests in us will be diluted, and investors may suffer dilution in their earnings per share, if we issue additional shares or raise funds through the sale of equity securities
32. 32Trading in our common stock is volatile
33. 33Because of the early stage of exploration and the nature of our business, our securities are considered highly speculative
34. 34Our officers and directors own a significant portion of our common stock, which could limit your ability to influence the outcome of any stockholder vote