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].

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]

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 ...