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 ...

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].

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]

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 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)。 ...

巴里克黄金还授予 NovaGold一项选择权，可在交易完成前以9,000万美元购买 Donlin 项目所欠巴里克黄 金的全部未偿债务，或在交易完成后18个月内以1亿美元行权，届时该选择权将到期——即如果选择在 交易完成后18个月内购买，则以1亿美元的价值购买。 黄金价格方面，现货黄金和纽约黄金期货价格周二亚洲时段进一步升破了3500美元/盎司关口，年内可 谓屡次创下历史新高。到目前为止，黄金现货和期货价格在今年迄今已经上涨了30%以上。在经济不确 定性日益大幅升温的情况下，避险情绪持续推动金价创新高。 为筹措 NovaGold的收购资金，Paulson、The Electrum Group 及 Kopernik Global Investors 已承诺以每股 3.00 美元认购最多 1.7 亿美元普通股，剩余 3,000 万美元差额由 NovaGold 自筹。 智通财经APP获悉，总部位于加拿大的黄金矿业巨头巴里克黄金 (GOLD.US)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 NovaG ...

Core Viewpoint - NOVAGOLD Resources Inc. and Paulson Advisers LLC have entered into a definitive agreement to acquire Barrick Gold Corporation's 50% interest in Donlin Gold LLC for $1.0 billion, establishing a new partnership to develop the Donlin Gold project in Alaska [1][2]. Acquisition Details - NOVAGOLD will increase its ownership in Donlin Gold LLC from 50% to 60% by acquiring a 10% interest for $200 million, while Paulson will acquire a 40% interest for $800 million [2][6]. - The transaction is subject to regulatory approvals and is expected to close in late Q2 or early Q3 of 2025 [2]. Financial Arrangements - To finance NOVAGOLD's acquisition, funding commitments of up to $170 million were secured from Paulson, Electrum Group, and Kopernik Global Investors, with the remaining $30 million coming from NOVAGOLD's treasury [4]. - NOVAGOLD has the option to purchase outstanding debt owed to Barrick related to the Donlin Gold project for $90 million before closing or $100 million within 18 months after closing [5]. Project Management and Governance - Following the transaction, NOVAGOLD and Paulson will have equal governance rights under an amended limited liability company agreement [3]. - The new partnership will focus on updating the Feasibility Study and advancing exploration efforts to convert and expand reserves and resources [6][7]. Project Potential - Donlin Gold hosts approximately 39 million ounces of gold, with an estimated grade of 2.24 grams per tonne, significantly higher than the industry average of 1.03 grams per tonne [12][25]. - The project is projected to have a 27-year mine life with average annual production expected to reach approximately 1.1 million ounces [13][20]. Community and Environmental Commitment - Both NOVAGOLD and Paulson emphasize their commitment to ecological stewardship and the economic health of the Yukon-Kuskokwim region, ensuring responsible development that respects local traditions and the environment [15][11]. - The partnership aims to maintain strong relationships with Calista Corporation and The Kuskokwim Corporation, the Native landowners, to uphold the social license for the project [14][15]. 2025 Outlook - Key objectives for 2025 include updating the Feasibility Study, completing the drill program for reserves conversion, and maintaining necessary permits [16]. - The previously disclosed expenditure for Donlin Gold in 2025 is approximately $43 million, which will be reviewed by the partners [16].

NovaGold Resources Inc. (NYSE:NG) Q1 2025 Earnings Conference Call April 1, 2025 11:00 AM ET Company Participants Melanie Hennessey - VP, Corporate Communications Greg Lang - President and CEO Peter Adamek - VP and CFO Conference Call Participants Fedor Shabalin - B. Riley Rabi Nizami - National Bank Financial Operator Thank you for standing by. This is the conference operator. Welcome to the NovaGold Resources Inc. First Quarter 2025 Financial Results Conference Call and Webcast. As a reminder, all partici ...

Financial Position - As of February 28, 2025, NOVAGOLD held approximately $93 million in cash and term deposits, with net cash expenditures of $8.3 million for the first quarter, including $3.6 million for the Donlin Gold project[3] - The company reported a net loss of $9.1 million for the first quarter of 2025, translating to an earnings per share of ($0.03)[3] - NOVAGOLD's liquidity position remains strong, with cash and cash equivalents decreasing by $8.3 million in the first quarter, primarily due to funding for the Donlin Gold project and corporate expenses[21] - The need for additional financing for exploration and development remains a critical factor for the company's future plans[32] Donlin Gold Project - The Donlin Gold project is projected to produce over 1 million ounces of gold annually, with a mine life of at least 27 years and an average cash cost of $635 per ounce[20] - Donlin Gold has approximately 39 million ounces of gold in Measured and Indicated Resources at a grade of 2.24 grams per tonne, which is more than double the industry average of 1.03 grams per tonne[19] - The company commenced its 2025 field program with plans for approximately 15,000 meters of drilling, primarily focused on grid drilling to enhance mine planning[5] - Donlin Gold is ranked 4th in Measured and Indicated contained ounces among primary gold development projects as of March 2025[6] - NOVAGOLD anticipates significant expenditures related to the Donlin Gold project, with a focus on advancing development and securing necessary permits[32] - The company is preparing for a new feasibility study on the Donlin Gold project, with potential milestones expected to be achieved in the coming years[32] - NOVAGOLD emphasizes the importance of cooperation with key stakeholders, including Native Corporation partners, to support the permitting process[32] - Legal challenges to existing permits may impact the timeline for the Donlin Gold project, highlighting the need for ongoing monitoring of judicial decisions[32] Community and Sustainability Initiatives - NOVAGOLD is committed to advancing Donlin Gold toward a feasibility study and subsequent construction decision while maintaining strong community outreach and sustainability initiatives[25] - The company has engaged in collaborations with local communities and organizations to support ecological, educational, and cultural initiatives in the Y-K region[8] - The company is focused on the success of its community relations plan and exploration drilling outcomes at the Donlin Gold project[32] Risks and Uncertainties - Fluctuations in metal prices and currency exchange rates pose risks to the financial outlook and operational performance of NOVAGOLD[32] - NOVAGOLD's management acknowledges various risks and uncertainties that could materially affect actual results compared to expectations[32] - The company is assessing its working capital sufficiency to continue advancing the Donlin Gold project towards a construction decision[32] Budget and Expenditures - The 2025 budgeted cash expenditures are approximately $37.5 million, including $21.5 million for the Donlin Gold project and $16 million for corporate general and administrative costs[24]

Financial Performance - In Q1 2025, the net loss decreased by $1,202 compared to Q1 2024, primarily due to lower stock-based compensation and Donlin Gold expenditures [74]. - As of February 28, 2025, cash and cash equivalents decreased by $8,255, primarily to fund Donlin Gold and corporate expenses [77]. Donlin Gold Project - Donlin Gold's share of funding in Q1 2025 was $3,614, with an expected annual share of $21,500 for 2025 [64]. - The company has total cash and term deposits of $92,969, sufficient to cover anticipated funding for the Donlin Gold project and corporate costs for at least the next two years [75]. - Budgeted cash expenditures for fiscal year 2025 are approximately $37,500, including $21,500 for the Donlin Gold project and $16,000 for corporate general and administrative costs [76]. - The Donlin Gold project plans to conduct 15,000 meters of drilling in 2025, focusing on grid drilling to develop modifying factors and mine planning input parameters [62]. Community Commitment - Donlin Gold maintained its commitment to community initiatives, including financial assistance for local infrastructure and youth programs [66][67]. Legal and Regulatory Matters - The company is actively defending its permits in ongoing litigation, with decisions anticipated in 2025 [69][70]. Shareholder Information - The company had 334,646,571 common shares issued and outstanding as of March 26, 2025 [79]. Interest Rate Sensitivity - A 1% change in the U.S. prime rate would result in an increase/decrease of approximately $1.6 million in interest accrued on the promissory note owed to Barrick per annum [83].