NOVAGOLD moves to consolidate full ownership of its Tier One Donlin Gold project, filing proxy materials for a November 3 shareholder vote to finalize the acquisition of the remaining 40% stake.
NOVAGOLD is moving to consolidate full ownership of the Donlin Gold project in Alaska by acquiring the remaining 40% interest currently held by Paulson Advisers. By transitioning to a 100% ownership structure via a Plan of Arrangement, the company aims to streamline its control over this Tier One asset, a strategic move that shareholders will vote on during the special meeting scheduled for November 3, 2026.
The transaction aims to increase NOVAGOLD's ownership in the Donlin Gold project from 60% to 100%.
The special meeting is scheduled to be held on November 3, 2026.
NOVAGOLD Resources has commenced the proxy process for a November 3 special meeting to secure shareholder approval for a corporate reorganization. The plan aims to consolidate 100% ownership of the Donlin Gold project in Alaska by acquiring the remaining 40% interest currently held by Paulson Advisers.
The meeting is held to seek shareholder approval for a Plan of Arrangement that will allow NOVAGOLD to acquire the remaining 40% interest in the Donlin Gold project, bringing its total ownership to 100%.