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NOVAGOLD Releases 2024 Sustainability Report
Globenewswire· 2025-06-16 15:35
Core Viewpoint - NOVAGOLD Resources Inc. has published its 2024 Sustainability Report, highlighting its commitment to environmental responsibility, health and safety, social engagement, and corporate governance in line with GRI standards and TCFD recommendations [1][8]. Group 1: Sustainability and ESG Practices - The company emphasizes the evolution of its ESG practices, focusing on collaboration with local communities in the Yukon-Kuskokwim region to minimize environmental impacts and foster economic activity [2][5]. - Transparency is a key aspect of NOVAGOLD's approach, ensuring clear communication of sustainability priorities and ESG performance metrics since 2020 [6][8]. Group 2: Donlin Gold Project - NOVAGOLD is focused on advancing the Donlin Gold project, which is regarded as one of the largest and highest-grade open-pit gold deposits globally, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [9][13]. - The project is expected to produce an average of over one million ounces of gold per year over a 27-year mine life once in production [9]. Group 3: Community Engagement and Governance - The company highlights its ongoing commitment to community investments and stakeholder interactions, aiming to deliver lasting economic and social benefits through responsible development [5][8]. - NOVAGOLD aligns its sustainability efforts with the recommendations of TCFD and TNFD, as well as the GRI framework, to ensure comprehensive governance [8].
SAVE THE DATE: NOVAGOLD 2025 Second Quarter Report, Conference Call and Video Webcast
Globenewswire· 2025-06-13 21:15
Group 1 - NOVAGOLD Resources Inc. will release its 2025 second quarter report before market open on June 25, 2025 [1] - A conference call and video webcast will follow the report release at 8:00 am PT, featuring updates from the Chairman and CEO on recent transactions and strategic implications [2] - The CFO will present a summary of the second quarter financial results during the webcast [2] Group 2 - Questions can be submitted prior to the call via email, and there will be an opportunity for live questions during the webcast [3] - The video webcast will be archived on NOVAGOLD's website for one year, and a transcript will be available for download [4]
NOVAGOLD Announces Full Exercise and Closing of Underwriters' Option
GlobeNewswire News Room· 2025-06-05 20:03
Core Viewpoint - NOVAGOLD Resources Inc. has successfully completed the full exercise of the underwriters' option, resulting in the sale of an additional 7,177,500 common shares at a price of $3.75 per share, leading to increased net proceeds of approximately $195.2 million from the public offering [1][2]. Group 1: Financial Details - The total number of common shares sold in the public offering has increased to 55,027,500 shares [2]. - The net proceeds from the offering, after deducting underwriting discounts and offering expenses, amount to approximately $195.2 million [2]. - The company intends to use approximately $25.6 million of the net proceeds for general corporate purposes, including expenses related to updating the Donlin Gold Feasibility Study [3]. Group 2: Underwriters and Regulatory Information - Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity acted as joint book-running managers for the public offering [4]. - A shelf registration statement on Form S-3 was filed with the SEC on April 23, 2025, and became effective upon filing [5]. Group 3: Company Overview - NOVAGOLD is focused on the development of the Donlin Gold project, which is located in Alaska and is considered one of the largest and highest-grade open-pit gold deposits globally [7].
NOVAGOLD and Paulson Advisers Complete $1 Billion Acquisition of Barrick Mining's 50% Interest in Donlin Gold
Globenewswire· 2025-06-03 22:09
Core Viewpoint - NOVAGOLD Resources Inc. and Paulson Advisers LLC have successfully closed the acquisition of Barrick Mining Corporation's 50% interest in the Donlin Gold project, resulting in a new ownership structure for Donlin Gold LLC to further advance the project in Alaska [1][2][3]. Company Summary - NOVAGOLD increased its ownership in Donlin Gold LLC from 50% to 60% by acquiring an additional 10% for $200 million, while Paulson acquired a 40% interest for $800 million [2][6]. - The transaction is described as transformational for NOVAGOLD, marking a significant step in advancing one of the most promising gold development projects globally [3]. - As of March 1, 2025, NOVAGOLD had $327 million available to fund the acquisition and ongoing activities at Donlin Gold, and it has the option to prepay $90 million of outstanding debt owed to Barrick within 18 months [3]. Industry Summary - The Donlin Gold project is recognized as one of the largest and highest-grade open-pit gold deposits in the world, located in Alaska, a jurisdiction known for its safety in mining operations [4]. - A strategic review of the Donlin Gold 2025 budget, amounting to $43 million on a 100% basis, will be conducted in coordination with Paulson [7]. - Key activities planned include updating the Feasibility Study, executing a drill program to convert and expand reserves, advancing technical work, and supporting state permitting efforts [7].
NOVAGOLD Announces Election of Directors and Voting Results from 2025 Virtual Annual General Meeting of Shareholders
Globenewswire· 2025-05-20 21:05
Core Points - NOVAGOLD Resources Inc. announced the results of its Annual General Meeting of Shareholders held on May 15, 2025, where all proposals were approved and all director nominees were elected [1][5] - A total of 275,809,182 shares, representing 82.41% of the Company's issued and outstanding shares, were represented at the Meeting [1][5] Shareholder Engagement - During the proxy outreach, NOVAGOLD contacted shareholders owning over 50,000 shares, who collectively hold approximately 89.92% of the Company's voting shares [2][5] - The input from shareholders has contributed to improvements in the Company's governance and compensation practices year-over-year [2] Shareholder Voting Results Proposal 1 – Election of Directors - All nominees listed in the Management Information Circular were elected as Directors, with the following vote outcomes: - Dr. Elaine Dorward-King: 93.96% votes for [3] - Dr. Diane Garrett: 99.54% votes for [3] - Dr. Thomas Kaplan: 99.34% votes for [3] - Hume Kyle: 99.27% votes for [3] - Gregory Lang: 99.74% votes for [3] - Kalidas Madhavpeddi: 85.04% votes for [3] - Kevin McArthur: 98.30% votes for [3] - Daniel Muñiz-Quintanilla: 94.03% votes for [3] - Ethan Schutt: 99.63% votes for [3] - Dawn Whitaker: 97.95% votes for [3] Proposal 2 – Appointment of Auditors - The appointment of PricewaterhouseCoopers LLP as auditors was approved [4] Proposal 3 – Advisory Approval of Executive Compensation ("Say-on-Pay") - The advisory vote on executive compensation received the following results: - Votes For: 180,443,860 (70.65%) - Votes Against: 73,007,164 (28.58%) - Abstentions: 1,939,929 (0.75%) [6]
NOVAGOLD Closes $179 Million Underwritten Upsized Public Offering of Common Shares
Globenewswire· 2025-05-09 15:31
All amounts are in U.S. dollars unless otherwise stated VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) closed its previously announced upsized public offering of 47,850,000 common shares of NOVAGOLD at a price to the public of $3.75 per share. All of the shares are being offered by NOVAGOLD. Gross proceeds from the upsized offering totaled approximately $179.4 million. NOVAGOLD has granted the underwriters a 30-day ...
NOVAGOLD Prices $179 Million Underwritten Upsized Public Offering of Common Shares
Globenewswire· 2025-05-08 04:04
Core Viewpoint - NOVAGOLD Resources Inc. has announced a public upsized offering of 47,850,000 common shares at a price of $3.75 per share, aiming to raise approximately $179.4 million in gross proceeds to fund the acquisition of an additional 10% ownership interest in Donlin Gold LLC and for general corporate purposes [1][2]. Group 1: Offering Details - The public offering consists of 47,850,000 common shares priced at $3.75 each, with an option for underwriters to purchase an additional 7,177,500 shares [1]. - The gross proceeds from the offering are expected to be around $179.4 million, assuming no additional shares are purchased by underwriters [1]. - The offering is being managed by Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity, among others [3]. Group 2: Use of Proceeds - The net proceeds from the public offering and a concurrent private placement of 17,173,853 common shares will be used to fund the purchase price for a 10% interest in Donlin Gold LLC and for general corporate purposes, including updating the feasibility study [2]. Group 3: Regulatory and Compliance Information - A shelf registration statement on Form S-3 was filed with the SEC on April 23, 2025, and became effective upon filing [4]. - The shares from the private placement will not be registered under the U.S. Securities Act and will be issued to accredited investors under exemptions from certain Canadian securities laws [5]. Group 4: Company Background - NOVAGOLD is focused on developing the Donlin Gold project, which is considered one of the largest and highest-grade open-pit gold deposits globally, located in Alaska [7]. Group 5: Recent Acquisition - On April 22, 2025, NOVAGOLD announced an agreement to acquire Barrick Gold Corporation's 50% interest in Donlin Gold LLC for $1 billion in cash [11].
NOVAGOLD Announces Proposed Public Offering of Common Shares
GlobeNewswire News Room· 2025-05-06 22:00
Core Viewpoint - NOVAGOLD Resources Inc. plans to offer and sell up to 43,500,000 common shares in a public offering, with an additional option for underwriters to purchase up to 6,525,000 shares [1][2] Group 1: Public Offering Details - The public offering is subject to market conditions and other closing conditions, with no assurance on completion or terms [1] - Citigroup, RBC Capital Markets, and BMO Capital Markets are acting as joint book-running managers for the public offering [3] - A shelf registration statement on Form S-3 was filed with the SEC on April 23, 2025, and became effective upon filing [4] Group 2: Use of Proceeds - The net proceeds from the offering and concurrent private placement will fund the acquisition of an additional 10% ownership interest in Donlin Gold LLC and for general corporate purposes, including updating the feasibility study [2][11] Group 3: Private Placement - The concurrent private placement will involve common shares sold to major shareholders at the public offering price, with shares not registered under the U.S. Securities Act and subject to a hold period under Canadian securities laws [5]
NOVAGOLD Announces Date of its 2025 Virtual Annual Meeting of Shareholders
Globenewswire· 2025-04-30 12:00
Core Points - NOVAGOLD Resources Inc. will hold its 2025 Annual General Meeting of Shareholders on May 15, 2025, at 1:00 p.m. PDT [1] - The meeting will be conducted virtually, allowing shareholders to vote by proxy and participate from any location with internet access [2] - Shareholders can view a live webcast of the meeting and submit questions digitally [3] - Questions can also be submitted via email prior to the meeting [4] - Shareholders can contact Kingsdale Advisors for more information regarding the meeting [5] - The Management Information Circular and Annual Report are available on the company's website and other regulatory platforms [6] - The meeting will include a presentation on the Donlin Gold project, which is classified as a Tier One gold development project [8] - Recent achievements include a transaction announcement to acquire Barrick Gold's 50% interest in Donlin Gold [9]
黄金价格屡创新高之际 巴里克黄金出售Donlin金矿项目50%股权
news flash· 2025-04-22 13:07
黄金价格屡创新高之际 巴里克黄金出售Donlin金矿项目50%股权 智通财经4月22日电,总部位于加拿大的黄金矿业巨头巴里克黄金美东时间周二表示,已同意以大约10 亿美元现金将其在阿拉斯加 Donlin Gold 金矿项目中的高达50%股权出售给 Paulson Advisers 关联方与 NovaGold Resources (NG.US)。 ...