Dakota Gold Corp. has announced the completion of a $17 million investment by Orion Mine Finance. Orion acquired 6,666,667 shares of Dakota Gold’s common stock at a price of $2.55 per share, resulting in Orion owning around 7.78% of the company’s issued and outstanding shares. The investment will support Dakota Gold’s efforts to revitalize the Homestake District in Lead, South Dakota, where it is focused on gold exploration and development.
Dakota Gold Corp. is a responsible gold exploration and development company based in South Dakota. With a specific focus on revitalizing the Homestake District, the company holds gold mineral properties covering over 46 thousand acres surrounding the historic Homestake Mine. The investment from Orion Mine Finance will provide financial support for the company’s mission of discovering new gold opportunities in the area and building on the legacy of the district’s 145 years of gold mining history.
This investment from Orion Mine Finance represents a significant vote of confidence in Dakota Gold Corp. and its potential for growth in the Homestake District. With the additional funding, Dakota Gold will be able to further pursue its exploration and development efforts in the area, potentially leading to new gold discoveries. By leveraging the company’s expertise and the rich mining history of the Homestake District, Dakota Gold aims to unlock the full potential of the region and establish itself as a leading player in responsible gold mining.
