NOVAGOLD prices $179M upsized public offering of 47.85M shares at $3.75/share

NOVAGOLD RESOURCES INC

Gross proceeds ~$179.4M from 47.85M shares at $3.75; underwriters have 30-day option for up to 7.18M additional shares.
Concurrent private placement of 17.17M shares at same price to Electrum Strategic Resources and Kopernick Global Investors for ~$64.4M.
Net proceeds to fund acquisition of additional 10% ownership in Donlin Gold LLC (previously announced $1B deal) and remaining for general corporate/feasibility study.
Offering expected to close May 9, 2025; joint book-runners: Citigroup, RBC, BMO, Canaccord Genuity, Nat'l Bank, Scotiabank, Morgan Stanley.

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