TSX:NGMetals and Mining
Does US$200 Million Donlin Financing and Wider Loss Change The Bull Case For NovaGold (TSX:NG)?
NovaGold Resources Inc. recently reported a full-year 2025 net loss of US$94.66 million, wider than the prior year, and announced a bought deal private placement of 20,000,000 common shares at US$10 each for gross proceeds of US$200,000,000, with an additional 15% over-allotment option, primarily to fund its Donlin Gold project and related obligations.
By increasing its ownership in the Donlin Gold project to 60% and progressing a bankable feasibility study alongside key permitting...