We advised the representatives of the underwriters on the SEC-registered offering

Davis Polk advised the representatives of the underwriters in connection with the $75 million SEC-registered offering of 12,336,000 shares of common stock by Dakota Gold Corp., on a bought-deal basis. The proceeds from the offering will be used for working capital and other general corporate purposes. The underwriters have a 30-day option to purchase up to an additional 1,850,400 shares of common stock from Dakota Gold. The offering included a public offering in the United States and a private placement in Canada. Dakota Gold’s shares are listed on the NYSE American under the symbol “DC.”

Dakota Gold is a South Dakota-based responsible gold exploration and development company, with a specific focus on revitalizing the Homestake District in Lead, South Dakota. The company has high-caliber gold mineral properties covering over 49,000 acres surrounding the historic Homestake Mine.

The Davis Polk capital markets team included partner Marcel Fausten and associates Sakiko Nishida and Julian Armando Galaz Martinez. Counsel Dustin Plotnick and associate Carter Ballentine Allison provided tax advice. Counsel Michael Comstock and associate David Sacasa-Ospina provided environmental advice. All members of the Davis Polk team are based in the New York office.

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