NOVAGOLD Announces Closing of Upsized Bought Deal for Gross Proceeds of US$310 Million
Novagold Resources Inc. (NG)
NASDAQ:AMEX Investor Relations:
novagold.com
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (NYSE American: NG, TSX: NG) ("NOVAGOLD" or the "Company") is pleased to report that it has closed its previously announced upsized bought deal private placement (the “Offering”) of 31,020,000 common shares (the “Common Shares”) of the Company, at a price of US$10.00 per Common Share for gross proceeds of approximately US$310 million, which comprised the partial exercise of the over-allotment option and included two cornerstone investors. BMO Capital Markets, RBC Capital Markets, and Scotiabank (collectively, the “Underwriters”) acted as underwriters and bookrunners and received an aggregate cash fee equal to 5% of the gross proceeds. The Company intends to use the net proceeds of the Offering for expenditures associated with Donlin Gold activities, settlement of the Company’s prepayment option on the promissory note1 with Barrick Mining Corporation (“Barrick”), and general corporate purposes.
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- Novagold Resources Inc (NG) Q4 2025 Earnings Call Highlights: Strategic Moves and Financial Insights [Yahoo! Finance]Yahoo! Finance
- NOVAGOLD Announces US$200 Million Bought Deal Financing [Yahoo! Finance]Yahoo! Finance
NG
Earnings
- 1/22/26 - Miss
NG
Sec Filings
- 2/5/26 - Form SCHEDULE
- 2/4/26 - Form 4
- 2/4/26 - Form 4
- NG's page on the SEC website