NOVAGOLD Resources Inc. shares updates on plans to buy a 40% stake in Donlin Gold LLC.

Oct 23, 2026, 4:14 PM ETPaperworkRead the original at SEC EDGAR

Neutral

NOVAGOLD added proxy details after shareholder letters raised claims it denies. The proposed Donlin deal could raise its stake from 60% to 100%, but still needs a shareholder vote, so ownership has not changed.

NG · NOVAGOLD Resources Inc.

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The AI's read

Full ownership of Donlin could give NOVAGOLD a larger share of the project. The deal still needs a shareholder vote, and Paulson would hold about 39.7% of New NOVAGOLD's economic stake. NOVAGOLD denies the claims in the shareholder letters and says it added proxy details to avoid possible legal costs or delays. No deal has closed, so this filing does not clearly change the company's prospects.

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