On February 5, 2026, NOVAGOLD RESOURCES INC. completed an upsized bought deal private placement offering of 31,020,000 common shares at a price of US$10 per share for gross proceeds of approximately US$310 million, which included the partial exercise of the underwriters’ over-allotment option.
BMO Capital Markets, RBC Capital Markets and Scotiabank acted as underwriters and bookrunners in connection with the private placement.
Cassels acted for the underwriters.