NovaGold Resources Inc. entered into an Arrangement Agreement on July 21, 2026, for its acquisition by NovaGold Corporation, a Delaware corporation, in a transaction involving Paulson Advisers LLC. Under the terms, NovaGold shareholders will receive one share of New NovaGold voting common stock for each share held. Concurrently, Paulson will contribute its 40% interest in the Donlin Gold project in Alaska to New NovaGold in exchange for equity. The transaction is subject to shareholder approval, court orders, and various regulatory clearances, with an outside date of March 31, 2027. The New NovaGold Board will initially consist of eleven directors, including co-chairs John Paulson and Thomas Kaplan. NovaGold is a gold exploration and development company.

NovaGold Resources Inc. entered into definitive agreements to acquire Paulson Advisers LLC's 40% interest in Donlin Gold, increasing its ownership from 60% to 100% in an all-share transaction. The deal creates a new U.S.-domiciled company, NovaGold Corporation, with an estimated equity value of $4.2 billion, where current shareholders will own approximately 65% and Paulson will hold approximately 35% on a fully diluted basis. The transaction is expected to close in the fourth quarter of 2026. NovaGold is a gold development company focused on the Donlin Gold project in Alaska.

NOVAGOLD Resources Inc. issued a press release on June 24, 2026, announcing its financial results for the fiscal quarter ended May 31, 2026. The company is an exploration and development of gold and silver precious metals.