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NOVAGOLD Increases Previously Announced Bought Deal Financing to US$300 Million
Not for distribution to U.S. news wire services or dissemination in the United States VANCOUVER, British Columbia, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (NYSE American: NG, TSX: NG) ("NOVAGOLD" or the "Company") has announced today that it has entered into an agreement with BMO Capital Markets, RBC Capital Markets, and Scotiabank as bookrunners, under which the underwriters have agreed to increase the size of the previously announced bought deal private placement, 30,000,000
About this update from Novagold Resources Inc.
[{"type":"image","alt":"NOVAGOLD RESOURCES INC.","displaySize":"","headline":null,"caption":"NOVAGOLD RESOURCES INC.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":44,"url":"https://media.zenfs.com/en/globenewswire.com/adc135997dcf2bd4b27b8718015345d2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AZx5QWvZOPQXd0.1TjBb.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYyO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/adc135997dcf2bd4b27b8718015345d2","width":300,"height":44}},"lazy":false},{"type":"text","content":"Not for distribution to U.S. news wire services or dissemination in the United States","length":85,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (NYSE American: NG, TSX: NG) ("NOVAGOLD" or the "Company") has announced today that it has entered into an agreement with BMO Capital Markets, RBC Capital Markets, and Scotiabank as bookrunners, under which the underwriters have agreed to increase the size of the previously announced bought deal private placement, 30,000,000 common shares (the “Common Shares”) of the Company, at a price of US$10.00 per Common Share for gross proceeds of approximately US$300 million, with a cornerstone order of US$140 million from a leading European institution, before deducting underwriter fees and other expenses (the “Offering”). In addition, the Company has also granted the underwriters an over-allotment option, exercisable up to 48 hours prior to the closing of the Offering, to purchase up to an additional 15% of the number of Common Shares purchased pursuant to the Offering for additional gross proceeds of up to approximately US$45 million, before deducting underwriter fees and other expenses (resulting in aggregate gross proceeds of up to approximately US$345 million, before deducting underwriter fees and other expenses).","length":1239,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for expendituunderwriters have agreed to increase the size of the previously res associated with Donlin Gold activities, settlement of the Company’s prepayment option on the promissory note1 with Barrick Mining Corporation, and general corporate purposes.","length":315,"tagName":"p"},{"type":"text","content":"The Offering is expected to...