NOVAGOLD Announces Proposed Public Offering of Common Shares

All amounts are in U.S. dollars unless otherwise stated

VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) today announced that it intends to offer and sell up to 43,500,000 common shares in a public offering. In addition, NOVAGOLD expects to grant the underwriters a 30-day option to purchase up to an additional 6,525,000 common shares at the public offering price, less underwriting discounts, and commissions. The proposed offering is subject to market conditions and other closing conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the terms of the offering.

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