GlobeNewswire·Nov 10, 2026, 5:00 PM ET

NOVAGOLD Announces Expected Completion Date for Donlin Gold Acquisition, NYSE Listing and TSX Delisting

NOVAGOLD will acquire Paulson's 40% interest in Donlin Gold to achieve 100% ownership of the project.
A new U.S. parent company, NovaGold Corporation, will be established to consolidate ownership of NOVAGOLD & Donlin Gold.
The transaction is expected to close on December 1, 2026, following shareholder approval & court order on November 9, 2026.
NovaGold Corporation voting common stock is scheduled to begin trading on the NYSE under ticker "NG" on December 2, 2026.
Existing NOVAGOLD shares will cease trading on NYSE American after market close on December 1, 2026.
NOVAGOLD shares are expected to be delisted from the TSX within two to three business days following the transaction completion.
The Donlin Gold project holds approximately 40 million ounces of gold in Measured & Indicated Mineral Resources.
Projected production from Donlin Gold is estimated at over one million ounces annually over a 27-year mine life.
The transaction involves statutory plan of arrangement under the Business Corporations Act (British Columbia) & Delaware corporate law.
Forward-looking statements regarding the transaction, trading commencement, & project production remain subject to customary closing conditions.