Past year: ▼ 23%(5.83 – 13.32 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Feb 2026capital raising announcement▲ GoodMajor
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.
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.
Create a free account to see this worked out for your own holding.
22 Apr 2025capital raising announcement▲ GoodMajor
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.
