# NOVAGOLD Enters Into Definitive Agreements to Acquire 100% of Donlin Gold Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede Original source: https://money.tmx.com/en/quote/NG/news/8070862902189422/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold Publisher: tmx Original announcement: 2026-07-22T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: NOVAGOLD RESOURCES INC. - Ticker: NG - Exchange: TSX - Region: Alaska - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-12 14:39:19 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary NOVAGOLD has entered into definitive agreements to acquire the remaining 40% interest in Donlin Gold from Paulson Advisers LLC in an all-share transaction. The deal will create a new US-domiciled company, NovaGold Corporation, with 100% ownership of the Donlin Gold project, which is expected to be one of the largest gold mines in the United States. Reasoning: The acquisition of the remaining 40% interest in Donlin Gold is a transformative, highly accretive transaction that consolidates a world-class gold asset under a single US-domiciled entity. - Positive factor: Consolidation of 100% ownership of Donlin Gold - Positive factor: Significant accretion of gold resources and reserves per share - Positive factor: Creation of a leading US-domiciled gold developer - Positive factor: High-grade, large-scale asset in a stable jurisdiction - Negative factor: Subject to shareholder, court, and regulatory approvals Facts used in scoring: 5 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede#fact-resource-facts-0) Donlin Gold · gold #### Identity - Project: Donlin Gold - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - Resource group id: resource:5c45e75cb6eadaf7bc80 - Deposit or zone: Donlin Gold - Mining method: combined - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 560000000 - Grade: 2.22 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Large-scale M&I resource reported for the Donlin Gold project. - Positive factor: Large scale resource - Positive factor: High grade relative to industry average Evidence · text > approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories \(560 million tonnes at an average grade of 2.22 grams per tonne\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede#fact-resource-facts-1) Donlin Gold · gold #### Identity - Project: Donlin Gold - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - Resource group id: resource:b18eadb8200dee4e8f54 - Deposit or zone: Donlin Gold - Mining method: combined - Material type: mixed - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 9000000 - Grade: 2.67 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Measured resource component of the Donlin Gold project. - Positive factor: High grade Evidence · text > Donlin Gold possesses Measured Resources of approximately 9 Mt grading 2.67 g/t #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede#fact-resource-facts-2) Donlin Gold · gold #### Identity - Project: Donlin Gold - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - Resource group id: resource:10a728484b1a034e457a - Deposit or zone: Donlin Gold - Mining method: combined - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 551000000 - Grade: 2.21 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Indicated resource component of the Donlin Gold project. - Positive factor: Large tonnage Evidence · text > Indicated Resources of approximately 551 Mt grading 2.21 g/t #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede#fact-resource-facts-3) Donlin Gold · gold #### Identity - Project: Donlin Gold - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - Resource group id: resource:9fd58f7ac3e023e163b4 - Deposit or zone: Donlin Gold - Mining method: combined - Material type: mixed - Resource basis: gross #### Resource Data - Category: proven - Tonnes: 9000000 - Grade: 2.29 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Proven reserve component of the Donlin Gold project. - Positive factor: High grade Evidence · text > Donlin Gold possesses Proven Reserves of approximately 9 Mt grading 2.29 g/t #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold--162aaf56-9d64-423b-b867-bb52550fbede#fact-resource-facts-4) Donlin Gold · gold #### Identity - Project: Donlin Gold - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NG #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, other - Resource group id: resource:82fdf0a522447fd2c69f - Deposit or zone: Donlin Gold - Mining method: combined - Material type: mixed - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 495000000 - Grade: 2.02 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Probable reserve component of the Donlin Gold project. - Positive factor: Large tonnage Evidence · text > Probable Reserves of approximately 495 Mt grading 2.02 g/t #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.