-----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,
 HvggphwXmQJmjk2eHUgJxIQ2bB0C+S18Plm+ERxCKNy3iMqAjfQPd9MqqMb5IJN3
 Zrni0jmsDhYFNj8KzzOQcA==

<SEC-DOCUMENT>0001179110-03-011657.txt : 20031202
<SEC-HEADER>0001179110-03-011657.hdr.sgml : 20031202
<ACCEPTANCE-DATETIME>20031202155041
ACCESSION NUMBER:		0001179110-03-011657
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030909
FILED AS OF DATE:		20031202

ISSUER:		

	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

	BUSINESS ADDRESS:	
		STREET 1:		800 NICOLLET MALL
		STREET 2:		SUITE 2690
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		(612)664-0570

	MAIL ADDRESS:	
		STREET 1:		800 NICOLLET MALL
		STREET 2:		SUITE 2690
		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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HAWK PRECIOUS MINERALS USA INC
		CENTRAL INDEX KEY:			0001252725

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12401
		FILM NUMBER:		031032711

	BUSINESS ADDRESS:	
		STREET 1:		404-347 BAY STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			00000
		BUSINESS PHONE:		4162142250

	MAIL ADDRESS:	
		STREET 1:		404-347 BAY STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HAWK PRECIOUS MINERALS INC
		CENTRAL INDEX KEY:			0001254742
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12401
		FILM NUMBER:		031032712

	BUSINESS ADDRESS:	
		STREET 1:		404-347 BAY STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 2R7
		BUSINESS PHONE:		416 214 2250

	MAIL ADDRESS:	
		STREET 1:		404-347 BAY STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 2R7
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-09-09</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000912875</issuerCik>
        <issuerName>WITS BASIN PRECIOUS MINERALS INC</issuerName>
        <issuerTradingSymbol>WITM</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001252725</rptOwnerCik>
            <rptOwnerName>HAWK PRECIOUS MINERALS USA INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>404-347 BAY STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5H 2R7</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001254742</rptOwnerCik>
            <rptOwnerName>HAWK PRECIOUS MINERALS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>404-347 BAY STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5H 2R7</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock, $.01 par value</value>
</securityTitle>
<transactionDate><value>2003-09-09</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F1"></footnoteId>
</transactionCoding>
<transactionAmounts><transactionShares><value>1250000</value>
</transactionShares>
<transactionPricePerShare><footnoteId id="F2"></footnoteId>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>2500000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Common Stock, $.01 par value</value>
</securityTitle>
<transactionDate><value>2003-11-07</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>C</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>2500000</value>
</transactionShares>
<transactionPricePerShare><footnoteId id="F3"></footnoteId>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>5000000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable><derivativeTransaction><securityTitle><value>Option - obligation to acquire securities</value>
</securityTitle>
<conversionOrExercisePrice><footnoteId id="F3"></footnoteId>
</conversionOrExercisePrice>
<transactionDate><value>2003-11-07</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>C</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>2500000</value>
</transactionShares>
<transactionPricePerShare><value>0</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2003-06-26</value>
</exerciseDate>
<expirationDate><value>2003-11-07</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock, $.01 par value</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>0</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes><footnote id="F1">Stock in consideration for certain services rendered to the Reporting Person.</footnote>
<footnote id="F2">The market price of the stock on this date was $0.71.</footnote>
<footnote id="F3">In exchange for the remaining 50% interest of Hawk Precious Minerals Inc. in Active Hawk Minerals, LLC, a joint venture between Hawk Precious Minerals Inc. and Wits Basin Precious Minerals Inc.</footnote>
</footnotes>
<ownerSignature><signatureName>/s/ H. Vance White, CEO of Hawk Precious Minerals USA Inc.</signatureName>
<signatureDate>2003-12-02</signatureDate>
</ownerSignature>
<ownerSignature><signatureName>/s/ H. Vance White, Chief Executive Officer</signatureName>
<signatureDate>2003-12-02</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----