NOVAGOLD Prices $179 Million Underwritten Upsized Public Offering of Common Shares

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

VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) today announced pricing of its previously announced public upsized offering of 47,850,000 common shares of NOVAGOLD at a price to the public of $3.75 per share. All of the shares are being offered by NOVAGOLD. In addition, NOVAGOLD has granted the underwriters a 30-day option to purchase up to 7,177,500 additional common shares at the public offering price, less underwriting discounts and commissions. Gross proceeds from the upsized offering are expected to be approximately $179.4 million, assuming no exercise of the underwriters’ option to purchase additional shares. 

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