-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VErzYWMg1gk+ZOhmZ+im11NJ5OI58mINUL+9snWwMlVZRzkpw5aS2UtlDoIH6DQP
 5Z272xTvFSxsyM56mlBxsw==

<SEC-DOCUMENT>0001144204-10-049538.txt : 20100915
<SEC-HEADER>0001144204-10-049538.hdr.sgml : 20100915
<ACCEPTANCE-DATETIME>20100915165627
ACCESSION NUMBER:		0001144204-10-049538
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100915
DATE AS OF CHANGE:		20100915
EFFECTIVENESS DATE:		20100915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WITS BASIN PRECIOUS MINERALS INC
		CENTRAL INDEX KEY:			0000912875
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				841236619
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-147800
		FILM NUMBER:		101074284

	BUSINESS ADDRESS:	
		STREET 1:		80 SOUTH 8TH STREET
		STREET 2:		SUITE 900
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		(612)349-5277

	MAIL ADDRESS:	
		STREET 1:		80 SOUTH 8TH STREET
		STREET 2:		SUITE 900
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACTIVE IQ TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20010702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	METEOR INDUSTRIES INC
		DATE OF NAME CHANGE:	19960313
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000912875</cik>
        <entityName>WITS BASIN PRECIOUS MINERALS INC</entityName>
        <issuerAddress>
            <street1>900 IDS Center</street1>
            <street2>80 SOUTH 8TH STREET</street2>
            <city>MINNEAPOLIS</city>
            <stateOrCountry>MN</stateOrCountry>
            <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
            <zipCode>55402</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(612)349-5277</issuerPhoneNumber>
        <jurisdictionOfInc>MINNESOTA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>ACTIVE IQ TECHNOLOGIES INC</previousName>
            <previousName>METEOR INDUSTRIES INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <middleName>D</middleName>
                <lastName>King</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 IDS CENTER</street1>
                <street2>80 SOUTH 8TH STREET</street2>
                <city>MINNEAPOLIS</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CEO</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Clyde</firstName>
                <middleName>L</middleName>
                <lastName>Smith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 IDS CENTER</street1>
                <street2>80 SOUTH 8TH STREET</street2>
                <city>MINNEAPOLIS</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>Dennis</middleName>
                <lastName>Dacko</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 IDS CENTER</street1>
                <street2>80 SOUTH 8TH STREET</street2>
                <city>MINNEAPOLIS</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CFO</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Norman</firstName>
                <middleName>D</middleName>
                <lastName>Lowenthal</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>PRIVATE BAG X60</street1>
                <city>SAXONWOLD</city>
                <stateOrCountry>T3</stateOrCountry>
                <stateOrCountryDescription>SOUTH AFRICA</stateOrCountryDescription>
                <zipCode>2132</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joseph</firstName>
                <lastName>Mancuso</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 IDS CENTER</street1>
                <street2>80 SOUTH 8TH STREET</street2>
                <city>MINNEAPOLIS</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <lastName>Stoica</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 IDS CENTER</street1>
                <street2>80 SOUTH 8TH STREET</street2>
                <city>MINNEAPOLIS</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55402</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-08-12</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Units of common stock and warrants</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>111000</totalOfferingAmount>
            <totalAmountSold>110000</totalAmountSold>
            <totalRemaining>1000</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>5</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>10000</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>WITS BASIN PRECIOUS MINERALS INC</issuerName>
                <signatureName>/s/ Mark D Dacko</signatureName>
                <nameOfSigner>Mark D Dacko</nameOfSigner>
                <signatureTitle>CFO</signatureTitle>
                <signatureDate>2010-09-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----