• NovaGold agreed to acquire Paulson’s 40% stake in Donlin Gold, lifting its ownership to 100% in an all-share deal.
• The transaction would create a new U.S.-domiciled parent, NovaGold Corporation, intended to list on the NYSE.
• Current NovaGold shareholders would own about 65% of New NG; Paulson would receive about 35% fully diluted for its Donlin stake.
• Including its existing holding, Paulson would own about 40% of New NG’s economic interest; voting power would be capped at 19.99%.
• The parties expect the deal to close in Q4 2026; implied equity value cited at about USD 4.2 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NovaGold Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-085598), on July 22, 2026, and is solely responsible for the information contained therein.