---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-003030"
form_type: "8-K"
ticker: "NG"
cik: "0001173420"
company_name: "NOVAGOLD RESOURCES INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:04:59.477188+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NOVAGOLD closes $243.8M total equity raise to fund Donlin Gold interest acquisition

## Summary
- Closed upsized public offering of 47.85M shares at $3.75/share for gross proceeds of $179.4M.
- Concurrent private placement of 17.17M shares at $3.75/share to two major institutional shareholders for $64.4M.
- Insider (10%+ shareholder) subscribed for 13.33M shares in the private placement, raising $50M.
- Net proceeds of $234.1M to fund purchase of additional 10% ownership in Donlin Gold LLC from Barrick/Paulson.
- Underwriters have a 30-day option to purchase up to 7.18M additional shares at $3.75.

## SEC filing metadata
- accession: 0001171843-25-003030
- form_type: 8-K
- ticker: NG
- cik: 0001173420
- company_name: NOVAGOLD RESOURCES INC
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173420/000117184325003030/0001171843-25-003030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173420/000117184325003030/f8k_050925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-003030
- JSON: https://secwatch.observer/filing/0001171843-25-003030.json
- Plain text: https://secwatch.observer/filing/0001171843-25-003030.txt

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