Divestiture/carve-outJul 22, 2026Pending
🇺🇸 United States
DGDonlin Gold Holdings LLC (Paulson's 40% interest in Donlin Gold)NRNOVAGOLD Resources Inc.
Materials & Chemicals › Metals & Mining
Deal valueUndisclosed
AnnouncedJul 22, 2026
ConsiderationStock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
NOVAGOLD and Paulson entered into definitive agreements under which a new Delaware parent, NovaGold Corporation, agreed to acquire Paulson's 40% interest in the Donlin Gold project in an all-share transaction, raising NOVAGOLD's ownership to 100%.
Deal rationale
Consolidating 100% ownership of Donlin Gold is intended to streamline project development and financing, be accretive to NOVAGOLD shareholders, and create a U.S.-domiciled parent.
AI-generated from the SEC filingPendingMaterials & Chemicals › Metals & MiningUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
None listed
Sell-side
CCiti
Parties
Target
DGDonlin Gold Holdings LLC (Paulson's 40% interest in Donlin Gold)
- Headquarters
- United States
- Ticker
- —
Seller
PAPaulson Advisers LLC
- Headquarters
- —
- Ticker
- —