Novagold Resources to Acquire Paulson’s Remaining 40% Interest in Donlin Gold
July 24, 2026
Novagold Resources entered into definitive agreements to acquire 100% ownership of the Donlin Gold project by increasing its existing 60% stake to full control through an all-share transaction with Paulson’s Donlin Gold Holdings. The deal will create a new U.S.-domiciled parent company (NovaGold Corporation / “New NG”), with Novagold shareholders owning ~65% and Paulson economically receiving ~35% on a fully diluted basis; closing is expected in Q4 2026.
- Buyers
- Novagold Resources Inc., NovaGold Corporation (New NG)
- Targets
- Donlin Gold LLC, Paulson’s Donlin Gold Holdings (Donlin Gold Holdings LLC and Donlin Gold Holdings II LLC)
- Sellers
- Paulson Advisers LLC and its affiliates (Paulson)
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.