NovaGold Resources

Novagold and Donlin Gold Holdings have appointed Endeavour Financial and Macquarie Capital as financial advisors for project and infrastructure financing of the Donlin Gold project in Alaska. The advisors are to assess financing alternatives, coordinate discussions with potential lenders and support due-diligence processes, while Novagold is working toward a final investment decision following completion of a bankable feasibility study. The strategy includes conventional project and infrastructure financings, complementary forms of capital and exploring support from export credit agencies; Novagold holds 60% of the project, Paulson 40% (with a announced purchase agreement dated July 22, 2026). » More on de.investing.com

Hedge fund manager John Paulson sees gold at the start of a long-term bull market, driven by waning confidence in fiat currencies and rising demand from central banks and private investors. Paulson prefers gold mining stocks—especially young exploration companies with high reserve potential—over physical gold. At the same time, NovaGold announced it will acquire Paulson's 40 percent stake in the Donlin gold project in a share transaction; after the deal, existing NovaGold shareholders will hold about 65 percent of the combined company. An analyst note cautions about risks in mining projects such as permitting, construction costs and gold price volatility. » More on finanzen.net

NovaGold will pay John Paulson's 40% stake in the Donlin Gold project entirely in shares, thereby gaining sole ownership of the mine. A new parent company to be incorporated in Delaware is planned and is expected to list on the NYSE; the combined company would have a market value of about $4.2 billion. Existing NovaGold shareholders would hold roughly 65%, Paulson would receive about a 35% indirect stake (economically about 40%), and his voting interest will be capped at 19.99%. Donlin contains around 40 million ounces of measured and indicated resources and is expected to produce about 1.1 million ounces annually over a 27‑year life; the transaction is expected to close in Q4 2026 and is subject to shareholder, court and regulatory approvals. » More on de.investing.com