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NOVAGOLD RESOURCES Plunges 10.57% on $1 Billion Deal
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 7:04 am ET1min read
On April 23, 2025,
experienced a significant drop of 10.57% in pre-market trading.NOVAGOLD RESOURCES has been actively involved in strategic transactions that have impacted its stock performance. The company recently announced a $1 billion deal with Paulson Advisers to acquire a 50% stake in the Donlin Gold Project from
. This transaction involves Paulson Advisers acquiring a 40% ownership interest in Donlin Gold, while will increase its ownership from 50% to 60%.As part of the agreement, NOVAGOLD will pay $200 million to boost its stake in Donlin Gold LLC. This move is expected to strengthen NOVAGOLD's position in the project and align its interests with those of Paulson Advisers, who will become a full and equal partner in the venture. The transaction is anticipated to close in the second or early third quarter of 2025, further solidifying NOVAGOLD's strategic direction and financial stability.
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