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Dakota Gold Corp.

American metal mining company based in Reno, listed on NYSE (DC)2

In its 2026 annual report the company says: “The Company focuses its business efforts on the acquisition, exploration, and development of mineral properties in the United States of America. The Company currently operates in one segment, mineral exploration and evaluation in the United States. The Company has been in the exploration stage since its formation and has not realized any revenues from operations.”4

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Last updated Oct 21, 2026.

Overview

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  • TickerDC on NYSE2
  • IndustryMetal Mining2
  • HeadquartersReno, United States2
  • Incorporated inDE3
  • Business address106 Glendale Drive, Suite A, Lead, Sd 577543
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formProfit Corporation2
  • LEI549300XIS1CNFUXUAU812
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Laughlin Associates, Inc., 89521 Reno, United States2

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Dakota Gold Corp. was incorporated as JR Resources Corp. (“JR”) on November 15, 2017 under the Business Corporations Act (British Columbia, Canada). The Company focuses its business efforts on the acquisition, exploration, and development of mineral properties in the United States of America (“U.S.”). On May 22, 2020, the Company completed the domestication process and changed its registration from the Province of British Columbia, Canada to the State of Nevada, including a name change to “Dakota Gold Corp.” On March 31, 2022, the Company completed a merger with Dakota Territory Resource Corp., a Nevada corporation (“Dakota Territory” or “DTRC”). On May 14, 2024, following the receipt of approval by its shareholders, the Company changed its state of incorporation from the State of Nevada to the State of Delaware. The Company currently operates in one segment, mineral exploration and eval…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income567-$30.8M in 2025+1370% since 2021
-$40.0M-$30.0M-$20.0M-$10.0M02021: -$2.1M-$2.1M20212022: -$31.3M-$31.3M2022+1395%2023: -$38.0M-$38.0M2023+22%2024: -$34.3M-$34.3M2024−10%2025: -$30.8M-$30.8M2025−10%
Net income567-$29.5M in 2025
-$40.0M-$20.0M0$20.0M$40.0M2021: $26.0M$26.0M20212022: -$12.6M-$12.6M20222023: -$36.4M-$36.4M2023+189%2024: -$33.9M-$33.9M2024−7%2025: -$29.5M-$29.5M2025−13%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Exploration expenses$21.0M$23.7M
General and administrative expenses$9.8M$10.6M
Loss from operations-$30.8M-$34.3M
Foreign exchange loss-$23.5K-$32.4K
Interest expense-$137.5K
Interest income$1.2M$609.8K
Total other income$1.2M$439.9K
Loss before income taxes-$29.6M-$33.9M
Income tax benefit$63.0K$7.8K
Net loss-$29.5M-$33.9M
Comprehensive loss-$29.5M-$33.9M
Basic loss per share-$0.27-$0.37
Diluted loss per share-$0.27-$0.37
Weighted average number of basic shares of common stock outstanding108.9M shares90.9M shares
Weighted average number of diluted shares of common stock outstanding108.9M shares90.9M shares

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Corporate structure

Dakota Gold Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Dakota Gold Corp.

  • Dakota Gold Corp. Reno, Nevada, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Dakota Gold Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$3.1M6 Dec 31, 2024$2.9M6 Dec 31, 2023+8.3%
Accumulated depreciation$883.6K6 Dec 31, 2024$628.6K6 Dec 31, 2023+40.6%
Property and equipment, net$2.2M6 Dec 31, 2024$2.3M6 Dec 31, 2023−0.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$29.7M7 Dec 31, 2025$9.4M7 Dec 31, 2024+215.5%

Properties, in its own words

Dakota Gold has 100% ownership of 2,147 unpatented claims and a combination of surface leases and/or ownership covering a total of approximately 49,546 acres located in the Homestake District in Black Hills of South Dakota. These properties include Maitland, the Barrick Option property and the Richmond Hill Project upon exercise of each of their underlying option agreements.

As of December 31, 2025, Dakota Gold has not established mineral reserves within the meaning of S-K 1300 on any of its properties and the Company is therefore in the exploration stage and has not commenced amortization of its claims or leases. All exploration expenditures are expensed as incurred.

The rest of Item 2

The aggregated individual claims, properties, options, and leases are referred to herein as the “Black Hills Property”. The map shown below shows the location of the Black Hills Property.

Detail Map Showing Claims and Leases of the Black Hills Property

Prior to 2022, exploration by Dakota Gold on its properties has been limited to field sampling programs, field mapping programs, geophysical surveys, and a campaign to acquire historical data sets that were known to exist for its property and the balance of the greater Homestake District. In late January 2022, Dakota Gold started its first drilling program and has since expanded its drilling programs to key project areas.

A large portion of the important historical data has been acquired, digitized, and assembled into a new database in electronic form. In the case of historical geophysical data, the data has or is being digitized and reprocessed. Exploration data compilation is an ongoing activity as Homestake District-wide historical information is constantly being identified and incorporated from historical Homestake data acquired as part of land option agreements and from local public archival sources. This historical information is being augmented by active data collection in the field thru mapping, sampling and using remote geophysical methods.

Exploration plans and budgets have been prepared for the Richmond Hill and Maitland project areas. Maitland and Richmond Hill properties currently have permits that have been authorized by the South Dakota Division of Environment and Natural Resources (“SDDANR”). Current exploration plans may be modified pending the ongoing modeling and interpretation of the Company’s airborne magnetic and radiometric survey data acquired in 2020 and 2021 and an IP-Resistivity survey completed at Richmond Hill in 2022. Dakota Gold’s technical team continues to model using its geophysics, geology and geochemistry data sets to improve its ability to map and project lithology and structure in covered areas and/or where the company has less historical data.

Dakota Gold’s Black Hills Property has well-developed power infrastructure. All of Dakota Gold’s claims and leases have power on the property now or have nearby access to power with the potential to be upgraded for production if exploration proves successful.

The Homestake District is a favorable geologic gold setting with three unique gold deposit types that have yielded approximately 45 million ounces of gold production over the past 140 years, including Proterozoic-age Homestake iron-formation hosted gold deposits, Tertiary-age replacement gold deposits and Cambrian paleoplacer gold deposits.

Dakota Gold has based the acquisition of its Black Hills claims, surface and mineral acreage and lease position on more than 50 years of combined mining and exploration experience in the Homestake Mining Company and the knowledge gained from previous exploration and mining efforts. Dakota Gold believes that its properties hold exploration targets for all three gold deposit types known to exist in the Homestake District.

The Homestake District has well-developed infrastructure and an existing experienced mining and exploration workforce. South Dakota’s regulatory authorities have historically demonstrated a willingness to work with responsible operators to permit well-planned, compliant projects, and South Dakota’s exploration and mining regulations are reasonable and comparable to other mining jurisdictions within the United States.

Dakota Gold’s business strategy is to advance the Richmond Hill gold resource towards eventual production and to discover another Homestake-style deposit in the iron-formation host that is distributed across the Homestake District. In addition, Dakota Gold will evaluate and explore for large Tertiary gold deposits, including a potential resource at the Unionville Zone, of which there are several deposit styles known to exist in the Northern Black Hills. Dakota Gold continues to expand its land position in the Homestake District with the objective of simultaneously developing gold targets that could be brought into production in the near term.

On April 30, 2024, the Company announced an initial mineral resource estimate under S-K 1300 for the Richmond Hill Project. The mineral resource estimate was derived from a historical database containing 69,401 gold assays from more than 900 drill holes, including 57 drill holes from Dakota Gold’s own drill program completed prior to October 5, 2023.

The Company released an updated S-K 1300 mineral resource estimate for the Richmond Hill Project on February 6, 2025. This updated resource is informed by a historical database containing 56,734 gold assays from 902 drill holes totaling 90,447 meters (296,743 feet) of drilling, and an additional 30,743 gold and silver assays from 146 drill holes totaling 45,540 meters (149,410 feet) of drilling by Dakota Gold. Note that the S-K 1300 database consisted of 910 historical holes (299,888 feet) and 148 Dakota Gold holes (157,504 feet) but 8 historical holes and 2 Dakota Gold holes were outside of the model limits so were not used in the S-K 1300. The resource established in the February 2025 IA was used for the IACF released in July 2025.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led Dakota Gold Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jonathan T. Awde2022–2024
  2. Robert Quartermain2024–2025
  3. John William Henris2025–now

President

  1. Jonathan T. Awde2022–2024
  2. Robert Quartermain2024–2025
  3. John William Henris2025–now

Chief financial officer

  1. Shawn Campbell2022–now

Chief operating officer

  1. Gerald Michael Aberle2022–2026
  2. John William Henris2026–now
2025
Board members and other officers (16)

Former names

  • JR Resources Corp.Mar 24, 2021 to Mar 28, 20223

Timeline

  1. Jul 29, 20268-K Executive or director change; Regulation FD disclosure31
  2. Jun 1, 20268-K Shareholder vote32
  3. Mar 4, 20268-K Other events33
  4. Mar 2, 20268-K Executive or director change34
  5. Feb 11, 20268-K Other events35
  6. Nov 21, 20258-K Change of auditor36
  7. Nov 13, 20258-K Other events37
  8. Nov 12, 20258-K Executive or director change38
  9. Aug 1, 20258-K Executive or director change39
  10. Jul 7, 20258-K Regulation FD disclosure; Other events40
  11. Jun 12, 2025New chief executive John William Henris becomes CEO11
  12. May 19, 20258-K Executive or director change; Regulation FD disclosure41
  13. May 13, 20258-K Shareholder vote42
  14. Nov 6, 2024New chief executive Robert Quartermain becomes CEO12
  15. Apr 4, 2022New chief executive Jonathan T. Awde becomes CEO13

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.09) a share, on Nov 13, 2025.43

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

318 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 34 major events, 158 insider forms, 15 large holders, 93 other. The latest 20:

  1. Sep 11, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Aug 20, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Aug 12, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Aug 12, 202610-Q EDGAR
  5. Aug 10, 2026144 EDGAR
  6. Aug 7, 2026SCHEDULE 13G EDGAR
  7. Aug 4, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Aug 4, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Jul 29, 20268-K EDGAR
  10. Jul 28, 2026SCHEDULE 13G EDGAR
  11. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jun 1, 2026144 EDGAR
  20. Jun 1, 2026144 EDGAR

The 318 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

61 open-market trades by officers, directors and large owners since October 2021: 38 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICERSale1,906$6.03$11.5KForm 4
Aug 10, 2026Grafton Jennifer SDirectorSale100,000$6.12$612.0KForm 4
May 28, 2026KENNER TODD JDirectorBuy17,921$5.60$100.4KForm 4
May 18, 2026Grafton Jennifer SDirectorSale15,511$5.56$86.2KForm 4
Apr 15, 2026QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERSale13,448$5.61$75.4KForm 4
Feb 27, 2026Berry James McCoyVICE PRESIDENT OF EXPLORATIONSale12,388$7.02$87.0KForm 4
Feb 27, 2026CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICERSale21,207$7.02$148.9KForm 4
Jan 23, 2026QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERSale250,000$6.88$1.7MForm 4
Jan 21, 2026CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICERSale55,000$6.30$346.5KForm 4
Oct 20, 2025O'Rourke Stephen T.DirectorSale50,000$4.66$233.0KForm 4
Oct 17, 2025O'Rourke Stephen T.DirectorSale50,000$4.77$238.5KForm 4
Oct 16, 2025O'Rourke Stephen T.DirectorSale50,000$5.34$267.0KForm 4
Sep 8, 2025CAMPBELL SHAWNCHIEF DEVELOPMENT OFFICERBuy11,261Form 4
Apr 4, 2025QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy15,000$2.50$37.5KForm 4
Apr 3, 2025QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy25,000$2.61$65.2KForm 4
Apr 2, 2025QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy25,000$2.62$65.5KForm 4
Nov 21, 2024QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy20,000$2.21$44.2KForm 4
Nov 20, 2024QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy20,000$2.21$44.2KForm 4
Nov 20, 2024ABERLE GERALD MICHAELCHIEF OPERATING OFFICERBuy4,490$2.17$9.7KForm 4
Nov 19, 2024QUARTERMAIN ROBERTCHIEF EXECUTIVE OFFICERBuy35,000$2.17$75.8KForm 4

All 61 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dr. Robert QuartermainCEO 71$117.5K$1.4M51
2025Jack HenrisPresident & COO $165.0K$1.3M51
2025Amy KoenigCLO $176.6K$1.1M51
2024Dr. Robert QuartermainCEO 71$150.0K51

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.8,755,572$37.3M0.0%+2,425,107
State Street Corp7,389,650$31.5M0.0%+1,065,859
Vanguard Capital Management LLC4,877,707$20.8M0.0%+234,606
Orion Resource Partners LP4,181,766$17.8M8.1%No change
Franklin Resources Inc4,079,295$17.4M0.0%+43,776
Van Eck Associates Corp3,711,362$15.8M0.0%−35,008
Geode Capital Management, LLC2,829,308$12.1M0.0%+627,953
Amundi2,225,000$9.5M0.0%+75,000
Nokomis Capital, L.L.C.1,622,729$6.9M2.5%−382,698
Groupe la Francaise1,400,000$6.0M0.1%No change
Trek Financial, LLC1,352,953$5.8M0.3%+69,057
Sprott Inc.1,276,713$5.4M0.2%+43,797
Dimensional Fund Advisors LP1,186,371$5.1M0.0%+213,867
Algert Global LLC1,137,899$4.8M0.1%+615,058
Donald Smith & Co., Inc.1,080,000$4.6M0.1%No change
Ci Investments Inc.1,011,683$4.3M0.0%−111,000
Northern Trust Corp995,709$4.2M0.0%+296,349
Vanguard Portfolio Management LLC963,297$4.1M0.0%+279,997
Susquehanna International Group, Llp788,485$3.4M0.0%+152,651
Vanguard Fiduciary Trust Co769,095$3.3M0.0%+62,278
Marshall Wace, Llp733,343$3.1M0.0%+297,977
Connor, Clark & Lunn Investment Management Ltd.662,173$2.8M0.0%−99,196
Royal Bank Of Canada592,685$2.5M0.0%+18,580
Goldman Sachs Group Inc517,160$2.2M0.0%−12,119
Jump Financial, LLC508,330$2.2M0.0%+396,884

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Dakota Gold Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDakota Gold Corp.1
  • CIK0001852353
  • Employer ID (EIN)85-34752904
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address106 Glendale Drive, Suite A, Lead, SD 577541
  • Phone605-717-25401
  • Shares outstanding134,172,991 as of Aug 12, 20269
  • Public float$414.2M as of Jun 30, 20254
  • AuditorDeloitte & Touche LLP, Denver, Colorado, USA PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 24, 20211
  • Filings320 in all: 4 (141), 8-K (34), 144 (20), 3 (15), 10-Q (13), 424B3 (10), 424B5 (9), CORRESP (7)1
    All 38 form types

    UPLOAD (7), DEF 14A (5), EFFECT (5), SCHEDULE 13G/A (5), 10-K (4), SC 13G (4), SCHEDULE 13G (4), ARS (3), DEFA14A (3), S-8 (3), 8-A12B (2), CERT (2), DRS/A (2), DRSLTR (2), PRE 14A (2), S-3 (2), S-4/A (2), SC 13G/A (2), 10-KT (1), 25-NSE (1), 3/A (1), 4/A (1), D (1), DEL AM (1), DRS (1), POS AM (1), S-1 (1), S-1/A (1), S-4 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 15, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.001 per shareDCNYSE

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Dakota Gold Corp. names in Item 1A of its 10-K filed Mar 25, 2026: 33 risks under these headings, as written.4

  • Risks Associated with Our Financial Condition
  • We have a limited operating history, currently generate no revenue, and if we are not successful in continuing to advance our business to production, then we may have to scale back or even cease our ongoing business operations.
  • We will require additional capital to develop any properties in which we establish the existence of commercially viable mineral resources in a commercially exploitable quantity into production. If we cannot raise this additional capital, we will not be able to exploit the resource, and our business could fail.
  • Our business and operations are highly dependent on the market prices of our common stock, gold and silver, and these prices can be volatile. Any prolonged decline in the price of our common stock, gold or silver prices in general could affect our ability to raise further working capital and adversely impact our operations.
  • We have had negative cash flows from operations and if we are not able to obtain further financing our business operations may fail.
  • If we fail to maintain an effective system of internal control, we may not be able to report our financial results accurately or prevent fraud. Any inability to report and file our financial results accurately and timely could harm our reputation and adversely impact the trading price of our common stock and our ability to file registration statements pursuant to registration rights agreements and other commitments.
  • Risks Associated with Our Business
  • The values of our properties are subject to volatility in the price of gold, silver and any other deposits we may seek or locate.
  • We may not be able to obtain all required permits and licenses to place any of our properties into future potential production.
  • Our property titles may be challenged, and we are not insured against any challenges, impairments or defects to our mineral claims or property titles.
  • Mineral operations are subject to applicable law and government regulations. These laws and regulations could restrict or prohibit the exploitation of any mineral resources we find. If we cannot exploit such mineral resource that we might discover on our properties, our business may fail.
  • Competition in the mining industry is intense, and we have limited financial and personnel resources with which to compete.
The other 23 risks
  • Dependence on our ability to hire qualified contractors required to conduct exploration drill programs and the ability to hire qualified and experienced technical staff and/or consultants materially impacts our business operations. In addition, we are dependent upon our workforce being able to safely perform their jobs, including the potential for physical injuries or illness.
  • We will be subject to operating hazards and risks that may adversely affect our financial condition.
  • Uncertainty of agreements to secure access to property from adjacent landowners may affect our ability to remain in business.
  • Increased cybersecurity vulnerabilities and threats, and more sophisticated and targeted cyber-attacks and other security incidents, pose risks to our systems, data and business and our relationships with third parties.
  • Possible future amendments to the General Mining Law and other regulations could make it more difficult or impossible for us to execute our business plan.
  • We do not know if our properties contain any gold, silver or other minerals that can be mined at a profit.
  • We have released an estimate of mineral resources for our Richmond Hill Gold Project; however, estimates of mineral resources are uncertain.
  • Our properties are in the exploration stage.
  • Our exploration and extraction activities may not be commercially successful.
  • The nature of mineral exploration and production activities involves a high degree of risk and the possibility of uninsured losses.
  • Market forces or unforeseen developments may prevent us from obtaining the supplies and equipment necessary to explore for gold, silver and other minerals.
  • We may be denied the government licenses and permits that we need to explore or mine on our properties.
  • We may not be able to maintain the infrastructure necessary to conduct exploration and development activities.
  • Our exploration activities may be adversely affected by the local climate or seismic events, which could prevent us from gaining access to our property year-round.
  • We may acquire additional mining properties in the future and our business may be negatively impacted if mineral reserves are not located on acquired properties or if we are unable to successfully execute and/or integrate the acquisitions.
  • Our business may be disrupted, and its financial results may be materially adversely affected, by any future pandemic.
  • Global and regional political and economic conditions could adversely impact our business and operations.
  • Risks Associated with Our Common Stock
  • Investors’ interests in us will be diluted, and investors may suffer dilution in their earnings per share, if we issue additional shares or raise funds through the sale of equity securities.
  • Trading in our common stock is volatile.
  • Because of the early stage of exploration and the nature of our business, our securities are considered highly speculative.
  • The sale of our common stock by existing stockholders may depress the price of our common stock due to the limited trading market that exists.
  • Our officers and directors own a significant portion of our common stock, which could limit your ability to influence the outcome of any stockholder vote.
  • We are an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to “emerging growth companies” or “smaller reporting companies,” this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.

Legal proceedings

From time to time, we may be involved in claims and legal actions that arise in the ordinary course of business. To our knowledge, there are no material pending legal proceedings to which we are a party or of which any of our property is the subject. See Note 9 - Commitments and Contingences to the consolidated financial statements in this Form 10-K.

The opening of Item 3, Legal Proceedings.4

Sources

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