Novagold Resources Inc (NG) Hedge Fund & Institutional Holdings (Q2 2026)

NovaGold Resources announced that it has entered into definitive agreements for a transaction where a newly formed Delaware corporation, New NovaGold, will acquire all outstanding NovaGold shares through a statutory arrangement. Under the plan, each NovaGold share will be exchanged for one share of New NovaGold voting common stock. Simultaneously, major investor Paulson Advisers will contribute its ownership interests in the Donlin Gold project to New NovaGold in exchange for shares, with Paulson's voting power capped at 19.99%. The number of shares Paulson receives will be based on a 10% discount to the equity value of its 40% Donlin Gold interest implied by NovaGold's 10-day volume-weighted average price as of July 21, 2026.

NovaGold Resources Inc. has entered into an arrangement agreement to be acquired by New NovaGold, a newly formed entity, and Paulson Advisers LLC. Under the deal, each existing NovaGold share will be exchanged for one voting common share of New NovaGold. The board of directors has unanimously recommended shareholders vote in favor of the transaction.