NOVAGOLD shareholders approve deal to own 100% of Donlin Gold project in Alaska

NOVAGOLD shareholders approved a transaction for New NOVAGOLD to acquire the remaining 40% interest in the Donlin Gold project from Paulson Advisers, increasing NOVAGOLD's ownership from 60% to 100%. This consolidation makes New NOVAGOLD the ultimate parent company and aims to strengthen control over one of the largest gold development projects in Alaska. The deal is expected to close in Q4 2026, pending regulatory and other approvals. This move positions NOVAGOLD to fully develop the Donlin Gold project, which holds about 40 million ounces of gold and is projected to produce over one million ounces annually once operational.

Following NOVAGOLD's shareholder approval to consolidate full ownership of the Donlin Gold project, the stock price on Pluang has risen notably. As of Nov 05, 2026 05:22 WIB, NG trades at USD 6.12, up 6.07% for the day, reflecting increased investor interest. The market cap stands at $2.53 billion, with a typical hold time of 21 days among Pluang users.