---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-003649"
form_type: "8-K"
ticker: "NG"
cik: "0001173420"
company_name: "NOVAGOLD RESOURCES INC"
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:39:38.063872+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NOVAGOLD closes $1B acquisition; increases Donlin Gold stake to 60%

## Summary
- NOVAGOLD paid $200M for additional 10% in Donlin Gold, now owns 60%; Paulson acquired 40% for $800M.
- New LLC agreement gives equal governance rights despite NOVAGOLD's 60% ownership; voting adjusted to 50%.
- Amended promissory note to Barrick: $158.9M debt, secured by proceeds; prepayable for $100M within 18 months.
- NOVAGOLD had $327M pro forma cash as of Mar 1, 2025 to fund acquisition and ongoing Donlin Gold activities.
- 2025 Donlin Gold budget set at $43M; workstream to update Feasibility Study has commenced.

## SEC filing metadata
- accession: 0001171843-25-003649
- form_type: 8-K
- ticker: NG
- cik: 0001173420
- company_name: NOVAGOLD RESOURCES INC
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173420/000117184325003649/0001171843-25-003649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173420/000117184325003649/f8k_060325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-003649
- JSON: https://secwatch.observer/filing/0001171843-25-003649.json
- Plain text: https://secwatch.observer/filing/0001171843-25-003649.txt

## Key facts
- M&A Transactions
  NOVAGOLD RESOURCES INC completed an acquisition involving Barrick Gold Corporation for $200 million (closed 2025-06-03).
  - Action: acquisition
  - Counterparty: Barrick Gold Corporation
  - Consideration: $200 million
  - Closing: 2025-06-03
  source text: NOVAGOLD, through NGRA, acquired an additional 10% interest in Donlin Gold for $200 million, increasing its stake to 60% of Donlin Gold, while Paulson, through Donlin Holdings, acquired the remaining 40% interest for $800 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173420/000117184325003649/0001171843-25-003649-index.htm

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