Dakota Gold (DC) risk factors, FY2025 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 fail74% rewritten
4. 04We have had negative cash flows from operations and if we are not able to obtain further financing our business operations may fail72% rewritten
5. 05The values of our properties are subject to volatility in the price of gold, silver and any other deposits we may seek or locate25% rewritten
6. 06We may not be able to obtain all required permits and licenses to place any of our properties into future potential production36% rewritten
7. 07Our 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
8. 08Our property titles may be challenged, and we are not insured against any challenges, impairments or defects to our mineral claims or property titles
9. 09Competition in the mining industry is intense, and we have limited financial and personnel resources with which to compete
10. 10We will be subject to operating hazards and risks that may adversely affect our financial condition
11. 11Uncertainty of agreements to secure access to property from adjacent landowners may affect our ability to remain in business
12. 12Increased 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
13. 13Possible future amendments to the General Mining Law and other regulations could make it more difficult or impossible for us to execute our business plan
14. 14We do not know if our properties contain any gold, silver or other minerals that can be mined at a profit30% rewritten
15. 15We have released an estimate of mineral resources for our Richmond Hill Gold Project; however, estimates of mineral resources are uncertain
16. 16Our properties are in the exploration stage
17. 17Our exploration and extraction activities may not be commercially successful26% rewritten
18. 18The nature of mineral exploration and production activities involves a high degree of risk and the possibility of uninsured losses24% rewritten
19. 19Market forces or unforeseen developments may prevent us from obtaining the supplies and equipment necessary to explore for gold, silver and other minerals
20. 20We may be denied the government licenses and permits that we need to explore or mine on our properties
21. 21We may not be able to maintain the infrastructure necessary to conduct exploration and development activities
22. 22Our 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
23. 23We 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
24. 24Our business may be disrupted, and its financial results may be materially adversely affected, by any future pandemic
25. 25Global and regional political and economic conditions could adversely impact our business and operations
26. 26Investors’ 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 securities23% rewritten
27. 27Trading in our common stock is volatile
28. 28Because of the early stage of exploration and the nature of our business, our securities are considered highly speculative
29. 29Our officers and directors own a significant portion of our common stock, which could limit your ability to influence the outcome of any stockholder vote