---
title: "NovaGold to Acquire Paulson’s Donlin Gold Interest, Creating US$4.2B U.S.-Domiciled Gold Developer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293462746.md"
description: "NovaGold Resources has entered definitive agreements to acquire Paulson's 40% interest in the Donlin Gold project. This transaction creates a new U.S.-domiciled entity, New NovaGold, with an estimated equity value of US$4.2 billion. The deal consolidates 100% ownership of Donlin Gold and targets a NYSE listing. Post-transaction, current shareholders will hold ~65%, while Paulson holds ~35%. The transaction is expected to close in Q4 2026, subject to regulatory and shareholder approvals."
datetime: "2026-07-22T11:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293462746.md)
  - [en](https://longbridge.com/en/news/293462746.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293462746.md)
generator: "portal-rs"
---

# NovaGold to Acquire Paulson’s Donlin Gold Interest, Creating US$4.2B U.S.-Domiciled Gold Developer

**NovaGold entered definitive agreements to acquire Paulson’s 40% Donlin Gold interest, creating a U.S.-domiciled gold developer with ~US$4.2B equity value.**

**Key Highlights:**

-   NovaGold and Paulson executed an Arrangement and related agreements for New NovaGold to acquire all NovaGold shares one-for-one.
-   Paulson will contribute its Donlin Gold Holdings interests to New NovaGold for voting and non-voting shares, with voting capped at 19.99%.
-   Post-transaction ownership: current NovaGold shareholders ~65% and Paulson ~35% on a fully diluted basis; Paulson ~40% economic interest.
-   Transaction is accretive on key metrics, consolidates 100% ownership of Donlin Gold and targets NYSE listing of New NovaGold.
-   Arrangement subject to shareholder, court, regulatory and stock exchange approvals and expected to close in Q4 2026.

Original SEC Filing: NOVAGOLD RESOURCES INC \[ NG \] - 8-K - Jul. 22, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**