---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-002362"
form_type: "8-K"
ticker: "NG"
cik: "0001173420"
company_name: "NOVAGOLD RESOURCES INC"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:02:41.283916+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NOVAGOLD and Paulson to acquire Barrick's 50% Donlin Gold stake for $1B; NOVAGOLD to own 60%

## Summary
- NOVAGOLD will increase Donlin Gold ownership from 50% to 60% for $200M; Paulson acquires 40% for $800M.
- Funding: Paulson, Electrum, Kopernik to subscribe for up to $170M of NOVAGOLD shares at $3.00, plus 25.5M warrants at same price.
- Transaction expected to close late Q2 or early Q3 2025, subject to regulatory approvals.
- NOVAGOLD granted option to purchase Donlin Gold debt from Barrick for $90M (pre-close) or $100M (within 18 months).
- Partners plan to update Feasibility Study and shift 2025 drill program towards reserves/resources conversion.

## SEC filing metadata
- accession: 0001171843-25-002362
- form_type: 8-K
- ticker: NG
- cik: 0001173420
- company_name: NOVAGOLD RESOURCES INC
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173420/000117184325002362/0001171843-25-002362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173420/000117184325002362/f8k_042225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-002362
- JSON: https://secwatch.observer/filing/0001171843-25-002362.json
- Plain text: https://secwatch.observer/filing/0001171843-25-002362.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.