NovaGold Resources Inc.

NOVAGOLD Shareholders Approve Transaction to Consolidate 100% Ownership of Donlin Gold

NOVAGOLD shareholders overwhelmingly approved the previously announced arrangement under which New NOVAGOLD will become the ultimate parent and acquire Paulson's 40% stake in Donlin Gold, raising NOVAGOLD's ownership from 60% to 100%. The Arrangement Resolution passed with 99.72% of votes cast in favor (302,610,350 shares for vs. 380,548 against), with 69.15% of outstanding shares represented at the November 3 meeting. Completion remains conditioned on regulatory, stock exchange and court approvals, with the company targeting a close in Q4 2026. Full ownership of Donlin Gold gives NOVAGOLD complete control of one of the world's largest open-pit gold development projects: roughly 40 million ounces M&I, grading 2.22 g/t, expected to produce over 1 million ounces annually over a 27-year mine life.

•4d ago

NOVAGOLD Files and Mails Materials for Special Meeting to Approve Proposed Acquisition of 100% of Donlin Gold

NOVAGOLD has filed and begun mailing proxy materials for a November 3, 2026 special meeting to approve acquiring the 40% of Donlin Gold held by Paulson Advisers, lifting ownership to 100% in an all-share arrangement. As part of the deal, a new U.S.-domiciled parent (New NOVAGOLD) will list on the NYSE with an expected market capitalization of roughly $4.9 billion based on the $7.25 September 15, 2026 share price. The board unanimously recommends voting FOR, Citi delivered a fairness opinion, and locked-up shareholders including Paulson and Electrum holding about 28% of shares support the deal; approval requires two-thirds of votes cast with an October 30 voting deadline. The company cites immediate accretion per share, ~16 million ounces of added M&I resources, and over 520,000 ounces of added annual production capacity, with dissent rights exercisable and a 10% dissent threshold allowing termination.

•1mo ago

New Study Finds Transmission Can Save Electricity Customers up to $15.3 Billion While Powering America's Economic Growth and Strengthening National Security

A study commissioned by National Grid projects that strategic transmission investments could save U.S. electricity customers up to $15.3 billion by 2050. The research by S&P Global indicates that connecting power regions provides two to three times the value of local-only development, crucial for meeting demand from AI and manufacturing. National Grid executives frame the results as an economic imperative, calling for federal legislation to streamline transmission permitting and bolster national security.

•2mo ago

NOVAGOLD & Paulson Announce the Appointment of Endeavour Financial and Macquarie Capital as Financial Advisors to the Donlin Gold Project

NOVAGOLD and Paulson have appointed Endeavour Financial and Macquarie Capital as financial advisors to assist with funding and development for the Donlin Gold project in Alaska. The advisors will evaluate funding alternatives, coordinate with potential financiers, and support a structured financing strategy as the project advances toward a final investment decision following its Bankable Feasibility Study. The Donlin Gold project is a world-class asset containing approximately 40 million ounces of gold in the Measured and Indicated categories, with an estimated 27-year mine life capable of producing over one million ounces annually.

•2mo ago

NOVAGOLD Enters Into Definitive Agreements to Acquire 100% of Donlin Gold

NOVAGOLD agreed to acquire the remaining 40% interest in the Donlin Gold project from Paulson Advisers, consolidating 100% ownership of the asset in an all-share transaction creating a new U.S.-domiciled entity with a $4.2 billion equity value. The transaction is immediately accretive on key metrics and streamlines decision-making for the Donlin Gold project, which hosts 40 million ounces of measured and indicated resources and is projected to produce 1.3 million ounces of gold annually in its first decade. Dr. Thomas S. Kaplan and John Paulson will serve as Co-Chairs of the new company, which is expected to close in the fourth quarter of 2026 subject to shareholder and regulatory approvals.

•3mo ago

National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AI

National Grid Ventures agreed to invest $1.75 billion for a 35% stake in Joulent LLC to develop contracted power infrastructure for U.S. data centers and large load demand. The partnership will fund the development of Project Kilby, a 2.67 GW co-located power facility in West Texas that will supply a Microsoft data center under a 20-year PPA. This investment is incremental to National Grid's existing five-year capital program and aligns with its strategy to capture growth in the AI-driven energy economy.

•4mo ago

NOVAGOLD Files Second Quarter 2026 Report Advancing Key Donlin Gold Workstreams Up the Value Chain to Build America’s Largest Gold Mine

NOVAGOLD reported Q2 2026 financial results with $370.2 million in cash and term deposits, confirming sufficient liquidity to complete the Donlin Gold Bankable Feasibility Study (BFS) and prepay the Barrick note. The company reiterated 2026 operating expenditure guidance of $98.5 million as project engineering workstreams led by Fluor advance toward a targeted BFS completion in 2027. Legal proceedings regarding the Clean Water Act Section 401 certification are pending following oral arguments in June, while all other permits remain in effect.

•4mo ago

A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury

NevGold Corp. has completed a C$42 million upsized brokered private placement, fully funding its operations through the maiden antimony-gold Mineral Resource Estimate at Limousine Butte, expected in Q2 2026. The financing comprises 22,223,946 common shares at C$1.90, with Clarus Securities Inc. as the sole agent and bookrunner. The proceeds will be used to advance Limousine Butte and Nutmeg Mountain, as well as for working capital and general corporate purposes. NevGold has reported promising drill results and metallurgical testwork at Limousine Butte, including a 1.93 g/t gold equivalent over 100.6 meters from surface, and average gold recoveries above 93% from residual leach pad material. The company is on track for a maiden MRE at Limousine Butte in Q2 2026, with near-term antimony production targeted for 2027. This positions NevGold as a unique junior-stage exposure to U.S. critical minerals and safe-haven commodities in Tier-1 jurisdictions.

•5mo ago

Air Space Intelligence and National Grid Collaborate to Deploy Operational AI to the Electric Grid

National Grid is partnering with Air Space Intelligence to deploy AI-powered decision support for electric grid planning and operations. The collaboration will apply predictive modeling to resilience planning and outage detection to reduce costs and time, supported by a grant from the Massachusetts Clean Energy Center. Management highlighted that the AI tools will leverage grid data to respond effectively to emerging challenges like extreme weather and demand surges.

•6mo ago