NovaGold files proxy circular for Nov 3 special meeting on New NovaGold deal; details Donlin Gold leases

NOVAGOLD RESOURCES INC

Special meeting set for Nov 3, 2026 to vote on arrangement where each NovaGold share converts to one share of New NovaGold voting common stock.
Paulson to contribute its 40% Donlin Gold stake (DGH) to New NovaGold for stock; Paulson voting shares capped at 19.99%.
New NovaGold, a new Delaware entity, will own 100% of Donlin Gold and expects to list on the NYSE; deal also requires court, regulatory and exchange approvals.
Calista Lease covers ~19,988 hectares with 1.5% NSR rising to 4.5% after payback and an 8% net proceeds royalty; term runs to April 30, 2031.
TKC surface agreement covers ~16,923 hectares, pays $0.40/tonne milled for first 10 years ($0.50 thereafter) plus 3% of net proceeds; Lyman lease covers ~1,040 hectares.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.