Mergers & Acquisitions ·
Supreme Court approves Novogold's plan to acquire Paulson's 40% Donlin Gold stake in all-share deal
NGNovagold Resources Inc
The Supreme Court of British Columbia has approved the statutory plan of arrangement for NovaGold Corporation, a newly incorporated Delaware entity, to acquire all outstanding shares of NOVAGOLD Resources Inc. and increase its ownership interest in the Donlin Gold project from 60% to 100% by purchasing Paulson Advisers LLC's 40% stake. The transaction is expected to close on December 1, 2026, with NovaGold Corporation shares beginning trading on the NYSE under the ticker "NG" on December 2, 2026. NOVAGOLD common shares will cease trading on NYSE American and be delisted from the Toronto Stock Exchange following completion. NOVAGOLD Resources Inc. is a precious metals company focused on developing the Donlin Gold project in Alaska.