Novagold Resources Inc. has announced that its shareholders have approved a plan to acquire the remaining 40% interest in the Donlin Gold project from Paulson Advisers LLC. The transaction, approved by shareholders on November 3, 2026, and subsequently ordered by the Supreme Court of British Columbia on November 9, 2026, is expected to become effective at 12:01 a.m. (Vancouver time) on December 1, 2026.
Upon completion, a newly incorporated Delaware corporation, NovaGold Corporation, will acquire all outstanding shares of Novagold and become the ultimate parent company. The new entity will also acquire Paulson’s 40% stake in Donlin Gold, increasing Novagold’s ownership of the project to 100%. Under the terms of the arrangement, current Novagold shareholders will own approximately 65% of the new NovaGold Corporation, while Paulson will hold a 39.7% economic interest, subject to a voting cap of 19.99%.
Following the completion of the arrangement, NovaGold Corporation voting common stock is expected to begin trading on the New York Stock Exchange (NYSE) under the existing ticker symbol “NG” at the start of trading on December 2, 2026. Existing Novagold common shares are expected to cease trading on NYSE American after market close on December 1, 2026, and to be delisted from the Toronto Stock Exchange (TSX) as promptly as practicable following the transaction.
The Donlin Gold project is described as a Tier One gold development project in Alaska. According to the 2025 Technical Report, the project contains approximately 40 million ounces of gold in the Measured and Indicated categories and is expected to produce an average of more than one million ounces of gold per year over a 27-year mine life.
