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Novagold Resources pursues corporate reorganization to acquire 100% stake in Donlin Gold project

The Motley Fool +1 ·

NG
NG Novagold Resources Inc
$6.28 -1.26%
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  1. 1Novagold Resources is undergoing a corporate reorganization to acquire a 40% stake held by Paulson Advisors LLC to secure a 100% interest in the Donlin Gold project.
  2. 2The expected market capitalization of New Novagold is approximately $5 billion, with plans to complete the transaction by the end of 2026.
  3. 3Novagold Resources recorded a net loss of $36 million in the third quarter of fiscal year 2026.

So what's the key point?

Novagold Resources is buying shares from another company to fully own the Donlin Gold project. During this process, the company's value is expected to be about $5 billion.

Source The Motley Fool +1 · View original ↗

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