NOVAGOLD Announces US$200 Million Bought Deal Financing
View original at finance.yahoo.comNOVAGOLD Announces US$200 Million Bought Deal Financing NOVAGOLD RESOURCES INC. Not for distribution to U.S. news wire services or dissemination in the United States VANCOUVER, British Columbia, Jan…
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The Offering is expected to close on or about February 5, 2026
80% confidenceDonlin Gold project has approximately 40 million ounces of gold in Measured and Indicated Mineral Resource categories (560 million tonnes at average grade of approximately 2.22 grams per tonne on 100% basis)
80% confidenceDonlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production
80% confidenceDonlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world
80% confidenceThe Company intends to use the net proceeds of the Offering for expenditures associated with Donlin Gold activities, settlement of the Company's prepayment option on the promissory note with Barrick Mining Corporation, and general corporate purposes
80% confidence