Dakota Gold receives $6 million investment from Orion

Dakota Gold has received further backing from mining financier Orion in the form of a $5.9 million equity investment. The funding will support the company’s gold exploration in the Homestake district of South Dakota.

The stock traded at $2.51 by 11:30 a.m. ET Thursday, giving the US gold exploration company a market capitalization of $220.1 million. Furthermore, the parties have entered into a royalty agreement, under which Orion will make a $182,758 payment to obtain a 1% net smelter return on certain properties held by Dakota Gold.

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