NOVAGOLD Files Proxy for Shareholder Vote on Restructuring to Consolidate Donlin Gold Ownership

NOVAGOLD Resources Inc. has filed a definitive proxy statement for a special shareholder meeting to approve a corporate restructuring. The proposed transactions would consolidate 100% ownership of the Donlin Gold project under a new parent company, "New NovaGold," which would become the new publicly listed entity.

Key Details

• Shareholder Meeting: A special meeting for shareholders to vote on the transactions is scheduled for November 3, 2026.
• Transaction Structure: The plan involves "New NovaGold," a new Delaware corporation, acquiring all shares of the current company. Concurrently, Paulson Advisers LLC will contribute its 40% interest in Donlin Gold LLC to New NovaGold.
• Outcome: Upon completion, New NovaGold will own 100% of the Donlin Gold project and will become the new listed company, with an expected listing on the NYSE. The current NOVAGOLD will become a wholly-owned subsidiary.