---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109664"
form_type: "8-K"
ticker: "DC"
cik: "0001852353"
company_name: "Dakota Gold Corp."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:48:42.798557+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dakota Gold raises $17M from Orion Mine Finance; secures up to $300M future financing support

## Summary
- Orion to purchase 6,666,667 shares at $2.55/share for gross proceeds of $17M; closing expected ~Oct 20, 2023.
- Post-closing Orion will own ~7.78% of Dakota Gold's outstanding common stock.
- Orion provides non-binding commitment for up to $300M financing for asset construction/development or acquisitions.
- Orion granted right to match future financings, excluding certain small offerings (up to $200M equity, $50M convertible debt).
- Dakota Gold sells Orion a 1% NSR royalty on public land for $1M ($75K at close, $925K on milestones).

## SEC filing metadata
- accession: 0001104659-23-109664
- form_type: 8-K
- ticker: DC
- cik: 0001852353
- company_name: Dakota Gold Corp.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852353/000110465923109664/0001104659-23-109664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852353/000110465923109664/tm2328454d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109664
- JSON: https://secwatch.observer/filing/0001104659-23-109664.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109664.txt

## Key facts
- Material Agreements
  Dakota Gold Corp. entered into Subscription Agreement with OMF Fund IV SPV C LLC valued at 6,666,667 shares of common stock at $2.55 per share for gross proceeds of $17 million (effective 2023-10-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: OMF Fund IV SPV C LLC
  - Value: 6,666,667 shares of common stock at $2.55 per share for gross proceeds of $17 million
  - Effective: 2023-10-11
  source text: On October 11, 2023, Dakota Gold Corp. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with OMF Fund IV SPV C LLC (“Orion”) pursuant to which the Company agreed to issue and sell to Orion, in a registered direct offering, 6,666,667 shares of common stock at an offering price per share of $2.55 for gross proceeds of $17 million (the “Offering”) pursuant to the Company’s effective shelf registration statement on Form S-3 (333-266155) filed with the Securities and Exchange Commission and declared effective on July 27, 2022, and a prospectus supplement thereto dated October 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852353/000110465923109664/0001104659-23-109664-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.