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Source document· January 23, 2026

NOVAGOLD Increases Previously Announced Bought Deal Financing to US$300 Million

View original at globenewswire.com

NOVAGOLD Increases Previously Announced Bought Deal Financing to US$300 Million Not for distribution to U.S. news wire services or dissemination in the United States VANCOUVER, British Columbia, Jan…

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The Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production.
80% confidence
The Offering is expected to close on or about February 5, 2026
80% confidence
The Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world
80% confidence
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 note with Barrick Mining Corporation, and general corporate purposes.
80% confidence
Alaska is one of the safest mining jurisdictions in the world
80% confidence