NovaGold shareholders approve acquisition of remaining 40% stake in Donlin Gold
NG•NovaGold shareholders approved an all-share acquisition of Paulson Advisers and affiliates’ 40% stake in Donlin Gold, with 99.72% voting in favor. The transaction would raise NovaGold’s ownership of the Alaska project from 60% to 100%, with completion targeted for the fourth quarter of 2026, subject to approvals and customary closing conditions.
1. Shareholders approve deal
NovaGold shareholders approved the all-share transaction on November 3, with 99.72% voting in favor. The acquisition would give NovaGold full ownership of the Donlin Gold project in Alaska, up from 60%.
2. Closing remains pending
Completion remains on track for the fourth quarter of 2026, subject to required approvals and customary closing conditions. New NOVAGOLD will become the ultimate parent of NOVAGOLD and its subsidiaries.
