NOVAGOLD Nears 100% Ownership of Donlin Gold Project After Shareholder Vote

Key Facts

NOVAGOLD announced it is moving closer to 100% ownership of the Donlin Gold project following a decisive shareholder vote. Seeking Alpha reported that the proposed transaction to acquire the remaining 40% stake received 99.72% approval, with 302.6 million votes cast in favor on November 4, 2026.

The vote facilitates the company's transition toward full control over the Alaska-based mining asset, which is considered one of the world's largest undeveloped gold deposits. This consolidation of ownership is expected to streamline the development process as the company moves to integrate the portion of the project it does not currently own.