From GlobeNewswire: 2025-06-05 16:03:00

NOVAGOLD Resources Inc. announced the full exercise and closing of the underwriters’ option to purchase an additional 7,177,500 common shares at $3.75 per share. The total common shares sold in the public offering increased to 55,027,500, raising approximately $195.2 million after expenses. The net proceeds of $25.6 million will be used for corporate purposes and updating the Donlin Gold Feasibility Study.

Citigroup, RBC Capital Markets, and other firms acted as joint book-running managers for the public offering. A shelf registration statement was filed with the SEC, and the final prospectus supplement is available on their website. This press release does not constitute an offer to sell securities in Canada or any jurisdiction where it would be unlawful.

NOVAGOLD is a precious metals company focused on developing the Donlin Gold project in Alaska. The project is one of the largest and most prospective open-pit gold deposits globally. Contact NOVAGOLD for more information on their projects and initiatives.

This media release includes forward-looking statements regarding NOVAGOLD’s financial outlook and plans. These statements are subject to risks and uncertainties, including regulatory approvals, financing, and economic factors. Visit NOVAGOLD’s website or the SEC’s website for more information on their filings and disclosures. NOVAGOLD assumes no obligation to update forward-looking statements.



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