Insider Trading January 23, 2026

Dakota Gold CFO Executes Significant Share Transactions and Company Announces Key Corporate Developments

CFO Shawn Campbell's sale of shares coincides with strategic shifts and analyst upgrades for Dakota Gold

By Jordan Park DC
Dakota Gold CFO Executes Significant Share Transactions and Company Announces Key Corporate Developments
DC

On January 21, 2026, Dakota Gold Corp.'s Chief Financial Officer, Shawn Campbell, sold 55,000 shares of the company's common stock, generating approximately $346,291 in proceeds. This transaction was conducted with share prices ranging between $6.225 and $6.44. Subsequently, Campbell's spouse retains indirect ownership of 296,736 shares while Campbell directly owns 204,115 shares. Shortly after, on January 23, Campbell exercised warrants acquired through his spouse to purchase 117,245 additional shares at an exercise price of $2.08, with the warrants set to expire on March 15, 2026. Meanwhile, Dakota Gold announced its appointment of Deloitte & Touche LLP as its new independent registered public accounting firm, replacing Ernst & Young LLP, effective immediately. In addition, CEO Dr. Robert Quartermain has entered into a new employment contract featuring an annual base salary of no less than CAD 312,000. Freedom Capital Markets initiated coverage on the company with a Buy rating and a price target of $8.40, highlighting the Richmond Hill Project as a strategic asset. These developments together mark a period of significant corporate and market positioning for Dakota Gold.

Key Points

  • CFO Shawn Campbell sold 55,000 shares valued at approximately $346,291 at prices between $6.225 and $6.44 per share on January 21, 2026.
  • Campbell exercised warrants held by his spouse to purchase 117,245 additional shares at a $2.08 exercise price; these warrants expire March 15, 2026.
  • Dakota Gold appointed Deloitte & Touche LLP as its new independent registered public accounting firm and secured a new employment contract with CEO Dr. Robert Quartermain with a base salary of at least CAD 312,000.
  • Freedom Capital Markets initiated coverage on Dakota Gold with a Buy rating and an $8.40 price target, highlighting the Richmond Hill Project as a key asset.

On January 21, 2026, Dakota Gold Corp. (EXCHANGE:DC) witnessed a noteworthy stock transaction by its Chief Financial Officer, Shawn Campbell, who sold 55,000 common shares for approximately $346,291. The execution of these sales occurred at trading prices fluctuating from $6.225 to $6.44 per share.

Despite this sale, the Campbell family maintains a substantial stake in Dakota Gold. Campbell's spouse holds an indirect position consisting of 296,736 common shares, and Campbell himself retains direct ownership of 204,115 shares of the company's stock. Moreover, on January 23, Campbell exercised warrants held by his spouse, acquiring an additional 117,245 shares at a fixed exercise price of $2.08. These warrants are set to expire on March 15, 2026, underscoring the time-sensitive nature of this acquisition.

Alongside insider transactions, Dakota Gold has recently experienced pivotal corporate changes. The company appointed Deloitte & Touche LLP as its independent registered public accounting firm, succeeding the previous firm Ernst & Young LLP. This change resulted from a competitive selection process and became effective immediately, signaling a strategic shift in the company’s audit arrangement.

Furthermore, Dakota Gold's executive leadership solidified its structure by entering into a formal employment agreement with CEO Dr. Robert Quartermain. This contract stipulates a minimum annual base salary of CAD 312,000, reflecting the company's commitment to retaining experienced leadership as it pursues its developmental goals.

On the financial markets front, Freedom Capital Markets commenced coverage on Dakota Gold with a Buy rating and established a price target of $8.40. The firm emphasized Dakota Gold’s Richmond Hill Project, positioning the company as an attractive investment prospect within the sector. These recent corporate developments, combined with insider trading activity, provide insights into Dakota Gold’s strategic trajectory and management’s confidence in the company’s future prospects.

Risks

  • Insider share sales by key executives such as the CFO could be perceived negatively by the market, affecting investor sentiment.
  • The expiration of warrants on March 15, 2026, creates a time constraint on equity dilution and capital structure changes.
  • Transitions in key service providers like auditors can introduce short-term operational risks or adjustments that may impact financial reporting.

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