Novagold Rscs (NG) Stock News

NOVAGOLD (NYSE American, TSX: NG) has released its 2024 Sustainability Report, showcasing the company's ESG performance and commitment to responsible mining practices. The report highlights NOVAGOLD's focus on advancing the Donlin Gold project while maintaining strong health and safety standards, environmental stewardship, and community engagement in the Yukon-Kuskokwim region. The company has aligned its reporting with international frameworks including GRI, TCFD, and TNFD standards. CEO Greg Lang emphasized their dedication to sustainable development, community collaboration, and creating a positive legacy through responsible mining practices. The report, which continues NOVAGOLD's tradition of transparent ESG reporting since 2020, details the company's efforts to deliver lasting economic and social benefits to the region through partnership with Alaska Native Corporation landowners.

NOVAGOLD RESOURCES (NYSE American, TSX: NG) has scheduled the release of its 2025 second quarter financial report for June 25, 2025, before market open. The company will host a conference call and video webcast at 8:00 am PT to discuss the results. Chairman Dr. Thomas S. Kaplan and CEO Greg Lang will provide updates on a recent transaction and its strategic implications, along with key company developments. CFO Peter Adamek will present the Q2 financial results. The event will include a Q&A session, with questions accepted both in advance via email and during the webcast. The presentation will be accessible through www.novagold.com/investors/events, with dial-in numbers provided for North American (1-833-752-3655) and International (1-647-846-8520) callers. The webcast recording will remain available on NOVAGOLD's website for one year.

NOVAGOLD Resources announced the full exercise and closing of the underwriters' option to purchase an additional 7,177,500 common shares at $3.75 per share. Combined with the previous offering, the total shares sold increased to 55,027,500, generating net proceeds of approximately $195.2 million after deducting underwriting discounts and expenses. The additional $25.6 million from the option exercise will be used for general corporate purposes, including expenses for updating the Donlin Gold Feasibility Study. The offering was managed by multiple financial institutions including Citigroup, RBC Capital Markets, BMO Capital Markets, and others. The offering was conducted under a shelf registration statement filed with the SEC on April 23, 2025.

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.