NovaGold to Redomicile in U.S. as Part of Deal for Full Ownership of Donlin Gold Project
On July 21, 2026, NovaGold Resources announced a definitive agreement with Paulson Advisers LLC that will see the Canadian mining company acquire full ownership of the Donlin Gold project in Alaska and redomicile to the United States. The all-share transaction would raise NovaGold's stake from 60% to 100%, while also establishing a new Delaware-based parent entity, NovaGold Corp., which is expected to list on the New York Stock Exchange. The deal involves significant structural changes: existing shareholders will own about 65% of the new company, with Paulson holding approximately 35%. The transaction remains subject to regulatory and shareholder approvals but is anticipated to close in Q4 2026. Donlin Gold contains an estimated 40 million ounces of gold resources and could produce up to 1.3 million ounces annually during its first decade. NovaGold's CEO described the move as transformational, citing benefits such as streamlined decision-making and improved collaboration with stakeholders. The new entity is expected to have a valuation of around $4.2 billion.
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