NOVAGOLD proposes public offering of up to 43.5M common shares to fund Donlin Gold acquisition

NOVAGOLD RESOURCES INC

Up to 43.5M shares offered in public offering; underwriters granted 30-day option for additional 6.525M.
Concurrent private placement to major shareholders at same public offering price.
Net proceeds to fund purchase of additional 10% interest in Donlin Gold LLC (previously announced $1B acquisition of Barrick's 50% stake).
Joint book-running managers: Citigroup, RBC Capital Markets, and BMO Capital Markets.
Shelf registration filed April 23, 2025; preliminary prospectus supplement to be filed with SEC.

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