Novagold Rscs Stock Price, News & Analysis

NOVAGOLD and Paulson Advisers have completed a major $1 billion acquisition of Barrick Mining's 50% stake in the Donlin Gold project in Alaska. NOVAGOLD increased its ownership from 50% to 60% for $200 million, while Paulson acquired a 40% interest for $800 million. The transaction, announced on April 22, 2025, was funded through a public offering and private placement, leaving NOVAGOLD with $327M for the acquisition and ongoing project activities. NOVAGOLD opted to retain Barrick's outstanding debt of $158.9M with an option to prepay $100M within 18 months. The partners will advance a $43M budget for 2025, focusing on updating the Feasibility Study, executing drill programs for reserve expansion, advancing technical work, maintaining permits, and continuing stakeholder engagement in Alaska.

NOVAGOLD (NYSE American, TSX: NG) held its 2025 Virtual Annual General Meeting on May 15, where shareholders approved all three proposals. 82.41% of the Company's shares (275,809,182) were represented at the meeting. The company demonstrated strong shareholder engagement, reaching out to holders of approximately 89.92% of voting shares. All ten director nominees were successfully elected with high approval rates, ranging from 85.04% to 99.74%. PricewaterhouseCoopers LLP was appointed as auditor with 98.18% approval. The Say-on-Pay advisory vote passed with 70.65% support, though notably received 28.58% votes against.

NOVAGOLD (NYSE American, TSX: NG) has successfully completed an upsized public offering of 47,850,000 common shares at $3.75 per share, raising gross proceeds of approximately $179.4 million. Concurrently, the company closed a private placement of 17,173,853 shares, generating additional gross proceeds of $64.4 million. The total net proceeds of $234.1 million will primarily fund NOVAGOLD's acquisition of an additional 10% ownership interest in Donlin Gold LLC, with remaining funds allocated for general corporate purposes including updating the feasibility study. The underwriters have a 30-day option to purchase up to 7,177,500 additional shares. The offering was managed by several prominent financial institutions, including Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity as joint book-running managers.

NOVAGOLD Resources (NYSE American, TSX: NG) has announced the pricing of its upsized public offering of 47,850,000 common shares at $3.75 per share, expecting to raise gross proceeds of approximately $179.4 million. The underwriters have a 30-day option to purchase up to 7,177,500 additional shares.

Concurrent with the public offering, NOVAGOLD plans a private placement of 17,173,853 common shares to major shareholders at the same price. The proceeds will fund the acquisition of an additional 10% ownership interest in Donlin Gold LLC and update the feasibility study.

The offering is led by joint book-running managers including Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity, with National Bank of Canada Financial Markets, Scotiabank, and Morgan Stanley also participating.

NOVAGOLD Resources (NYSE American, TSX: NG) has announced a proposed public offering of up to 43.5 million common shares, with an additional 30-day option for underwriters to purchase up to 6.525 million shares. Alongside this, the company plans a private placement of shares to major shareholders at the public offering price.

The proceeds will primarily fund NOVAGOLD's acquisition of an additional 10% ownership interest in Donlin Gold LLC, with remaining funds allocated to general corporate purposes, including updating the feasibility study. Citigroup, RBC Capital Markets, and BMO Capital Markets are serving as joint book-running managers for the public offering.

NOVAGOLD has announced its 2025 Virtual Annual Meeting of Shareholders, scheduled for May 15, 2025, at 1:00 p.m. PDT. The meeting will cover key agenda items including:

• Election of Directors
• Appointment of external auditors
• Non-binding advisory vote on executive compensation

Following the main meeting, Chairman Dr. Thomas Kaplan and CEO Greg Lang will present NOVAGOLD's 2024 achievements and discuss their recent transaction to acquire Barrick Gold's 50% interest in Donlin Gold with partner Paulson Advisers LLC. The meeting will be held entirely virtually, allowing shareholders to participate from any location with internet connectivity. Shareholders can vote by proxy, join the virtual meeting, and submit questions either during the webcast or in advance via email. The company has partnered with Kingsdale Advisors to assist shareholders with the virtual meeting process.

NOVAGOLD (NYSE American, TSX: NG) and Paulson Advisers have announced a $1 billion transaction to acquire Barrick's 50% interest in the Donlin Gold project in Alaska. Under the agreement, NOVAGOLD will increase its ownership from 50% to 60% for $200 million, while Paulson will acquire a 40% stake for $800 million.

The transaction, expected to close in Q2/Q3 2025, includes funding commitments of $170 million from Paulson, The Electrum Group, and Kopernik Global Investors at $3.00 per share, plus warrants. The remaining $30 million will come from NOVAGOLD's treasury.

The Donlin Gold project contains approximately 39 million ounces of gold in Measured and Indicated Mineral Resources, with a grade of 2.24 grams per tonne. Post-closing initiatives include updating the Feasibility Study, shifting focus to reserves and resources conversion, advancing technical work, and maintaining permits.

NOVAGOLD (NYSE American, TSX: NG) has released its 2025 first quarter report, highlighting key developments at its Donlin Gold project. The company reported a treasury position of $93 million in cash and term deposits as of February 28, 2025, with net quarterly cash expenditures of $8.3 million. First quarter earnings showed a loss of $9.1 million ($0.03 per share).

The company has commenced its 2025 field program with approximately 15,000 meters of planned drilling, focusing on grid drilling to develop modifying factors and mine planning parameters. The program involves three rigs and a crew of 45, with 70% being local hires.

The Donlin Gold project, jointly owned with Barrick Gold , contains approximately 39 million ounces of gold in Measured and Indicated Resources at a grade of 2.24 grams per tonne. For fiscal year 2025, NOVAGOLD has budgeted cash expenditures of $37.5 million, including $21.5 million for the Donlin Gold project and $16 million for corporate administrative costs.

NOVAGOLD RESOURCES (NYSE American, TSX: NG) has announced it will release its 2025 first quarter financial report on April 1, 2025, before market open. The company will host a conference call and video webcast at 8:00 am PT (11:00 am ET) on the same day.

During the webcast, CEO Greg Lang and CFO Peter Adamek will present the quarterly results and provide an update on the Donlin Gold project. Stakeholders can submit questions in advance to info@novagold.com or during the live Q&A session. The webcast will be archived on NOVAGOLD's website for one year.