Each one in plain English, with the numbers worked through for a shareholder.
22 July 2026business combination● Neutral
Agreed to reorganize into a new Delaware holding company, NovaGold Corporation, via a share-for-share plan of arrangement (with Paulson Advisers as a party) - a jurisdictional redomicile from British Columbia, not a change in the underlying Donlin Gold business.
Awarded further Bankable Feasibility Study engineering contracts to WSP USA, Worley Alaska and Hatch for key infrastructure (power plant, gas pipeline, pressure-oxidation circuit), rounding out the technical team alongside lead contractor Fluor.
Closed a $310.2 million bought-deal offering at $10.00/share - roughly triple the $3.00-3.75 pricing of the 2025 Barrick-buyout financings - reflecting how much the stock had re-rated since NovaGold took majority control of Donlin Gold.
With Barrick's exit complete, the 2025 Donlin Gold drill program pivoted toward converting resources to reserves and geotechnical work for a new Bankable Feasibility Study, returning high-grade intercepts up to 23.49 g/t gold along the way.
4 June 2025asset acquisition disposition▲ GoodMajor
Closed the acquisition of Barrick's 50% Donlin Gold stake: NovaGold paid $200 million for an extra 10% (reaching 60% ownership) and Paulson paid $800 million for the remaining 40%, with the two now sharing equal governance under a new LLC agreement - Barrick's three-decade involvement in Donlin Gold formally ends.
12 May 2025capital raising announcement▲ GoodMajor
Closed a further $64.4 million private placement with existing major shareholders Electrum and Kopernik (17.2 million shares at $3.75), additional financing for the Barrick buyout and the planned feasibility study update.
What it means for a shareholder
17.2m new shares at US$3.75 to raise about US$64.4m. That's 4.9% dilution: every existing holder's slice gets 4.9% smaller. If you held US$1,000 of shares (267 at the issue price), your slice goes from 0.0000797% to 0.0000758% of the company. To keep it you'd need 14 more shares - about US$53 at the issue price.
Launched a public underwritten offering (Citigroup, RBC) of common shares expected to net $169.7-195.2 million, earmarked to help fund NovaGold's $200 million share of the Barrick buyout.
NovaGold and Paulson Advisers agreed to buy Barrick's 50% interest in Donlin Gold for $1.0 billion cash - NovaGold's stake rising from 50% to 60% (paying $200 million for the extra 10%) with Paulson taking the other 40% - a transformative deal that ends Barrick's involvement. NovaGold's largest existing shareholders (Electrum, Paulson, Kopernik, all related parties) backstopped up to $170 million of NovaGold's funding via warrants, with the rest from cash on hand; the deal was vetted by an independent special committee.
Donlin Gold released final 2022 drill assays, including a standout 17.20-meter intercept grading 11.11 g/t gold, completing the program ahead of schedule and under budget.
More high-grade 2022 assays, with drilling completed ahead of schedule (141 holes, 42,331 meters total) and results from the tightly-spaced Divide grid supporting the resource model.
Donlin Gold's 2022 drill program got off to a strong start, running ahead of schedule with encouraging high-grade assays from the first third of a planned 34,000-meter program.
Donlin Gold released final 2021 drill assays - a comprehensive 79-hole, 24,264-meter program with multiple high-grade intercepts - alongside news of the largest annual project budget in more than a decade.
Following an executive workshop between Barrick and NovaGold's CEOs and a site visit, the partners reaffirmed confidence in Donlin Gold and charted next steps toward a feasibility study update, alongside more high-grade assay results from the 2021 program.
Donlin Gold's 2021 drill program turned up significant new high-grade intercepts in the ACMA and "Divide" zones between the ACMA and Lewis deposits, pointing to potential feeder zones for the broader mineralizing system.
Donlin Gold released the final assays from the 2020 drill program (all 85 holes, 23,361 meters), confirming higher-than-modeled grade-thickness and prompting the board to consider a larger follow-up program for 2021.
Donlin Gold (NovaGold's 50/50 Alaska gold JV with Barrick) reported more assays from its 2020 drill program - 71% of the 85 holes now reported - continuing to show higher grade-thickness than the existing geologic model predicted.
30 July 2018asset acquisition disposition▲ GoodMajor
Sold its entire interest in the Galore Creek copper-gold project and the adjoining Copper Canyon property (British Columbia) to Newmont for up to $275 million - $100 million cash upfront plus milestone-based notes worth up to $175 million more - letting NovaGold concentrate fully on its flagship Donlin Gold project in Alaska.