NOVAGOLD closes upsized bought deal private placement for US$310M gross proceeds

NOVAGOLD RESOURCES INC

Issued 31.02M common shares at US$10.00 each for gross proceeds of US$310.2M, including partial over-allotment exercise.
Two cornerstone investors participated; BMO, RBC, and Scotia acted as underwriters with a 5% cash commission.
Net proceeds earmarked for Donlin Gold activities, settlement of Barrick promissory note prepayment option, and general corporate purposes.
Shares placed via exemptions, subject to 6-month hold period under Canadian securities laws.
Offering closed on February 5, 2026; shares trade on NYSE American and TSX under ticker NG.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NOVAGOLD RESOURCES INC entered into Subscription Agreements with investors valued at Investors acquired the Offered Shares that were previously sold to the Underwriters (effective 2026-02-05).

Action: entry
Agreement: equity purchase
Counterparty: investors
Value: Investors acquired the Offered Shares that were previously sold to the Underwriters
Effective: 2026-02-05

Exact text from the filing

On February 5, 2026, the Company entered into a series of substantially similar subscription agreements (collectively, the "Subscription Agreements") pursuant to which such investors acquired the Offered Shares that were previously sold to the Underwriters.

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NOVAGOLD RESOURCES INC filing history →

Source: SEC EDGAR

accession 0001171843-26-000655

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