Dakota Gold Corp 美国股市招股说明书（2026年2月10日版）

Dakota Gold Corp. $75,002,880 Common Stock We are offering 12,336,000 shares of our common stock, par value $0.001 per share (our “common stock”), pursuant to thisprospectus supplement and the accompanying prospectus. Our shares of common stock are listed on the NYSE American under the symbol “DC.” On February9, 2026, the lastreported sale price of our common stock on the NYSE American was $6.59 per share. The Company has applied to the NYSE (2)After deducting underwriting discounts and commissions, but before deducting estimated expenses of the offering of $750,000, which will be paid fromthe proceeds of the offering. We have granted the underwriters a 30-day option to purchase up to an additional 1,850,400 shares of our common stockfrom us on the same terms and conditions set forth above. Investing in our common stock involves a high degree of risk. Before buying any shares of our common stock, you should reviewcarefully the risks and uncertainties described under the heading “Risk Factors” beginning on pageS-3of this prospectus Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of thesesecurities or determined if this prospectus supplement or the accompanying prospectus to which it relates is truthful orcomplete. Any representation to the contrary is a criminal offense. The underwriters expect to deliver the shares of our common stock on or about February 11, 2026. ScotiabankAgentis Capital (First NationsFinancial Markets LP)H.C. Wainwright & Co.D. Boral Capital BMO Capital MarketsCanaccord GenuityCIBC Capital Markets RBC Capital Markets Prospectus Supplement dated February 9, 2026. ABOUT THIS PROSPECTUS SUPPLEMENT This prospectus supplement is a part of a registration statement on FormS-3 (FileNo.333-288922)that we filed with the Securities and Exchange Commission (“SEC”) using a shelf registration process.Under this shelf registration process, we may offer and sell from time to time an unspecified amount of anycombination of securities described in the accompanying prospectus in one or more offers such as this This prospectus supplement provides you with specific information about the shares of our commonstock that we are offering. Both this prospectus supplement and the accompanying prospectus includeimportant information about us and other information you should know before investing. Generally, when Thisprospectus supplement also adds to,updates and changes information contained in theaccompanying prospectus. To the extent the information in this prospectus supplement is different from thatin the accompanying prospectus, you should rely on the information in this prospectus supplement. It isimportant for you to read and consider all information contained in this prospectus supplement and the We have not, and the underwriters have not, authorized anyone to provide you with any information, ormake any representation, other than that contained or incorporated by reference in this prospectus supplementor in any free writing prospectus prepared by or on behalf of us or to which we have referred you. If anyoneprovides you with different or inconsistent information, you should not rely on it. We take no responsibility for,and can provide no assurance as to the reliability of, any other information that others may give you. Thisprospectus supplement does not constitute an offer to sell or the solicitation of an offer to buy any securitiesother than the securities described in this prospectus supplement or an offer to sell or the solicitation of an offer Youshould read this prospectus supplement and the accompanying prospectus,including thedocuments incorporated by reference herein and therein, when making your investment decision. Thedistribution of this prospectus supplement and the accompanying prospectus and the offering of ourcommon stock in certain jurisdictions may be restricted by law. Persons outside the United States, or theU.S.,who come into possession of the prospectus must inform themselves about,and observe anyrestrictions relating to, the offering of our common stock and the distribution of this prospectus supplement Unless the context otherwise requires, throughout this prospectus supplement, the words “we,” “us,”“the Company,” or “Dakota” refer to Dakota Gold Corp., a Delaware corporation, and its consolidatedsubsidiaries taken as a whole. Unless otherwise indicated, all references to “dollar” or “$” refer to U.S. WHERE YOU CAN FIND MORE INFORMATION We file annual, quarterly and current reports, proxy statements and other information with the SEC.Our SEC filings, including the documents incorporated by reference in this prospectus supplement, areavailable on the Internet at the SEC’s website at www.sec.gov. Our filings with the SEC are also availablefree of charge at our website at www.dakotagoldcorp.com. The information on or otherwise accessible DOCUMENTS INCORPORATED BY REFERENCE The SEC allows us to “inco