Novagold, Paulson Advance Donlin Gold Project Alaska

Novagold Resources Inc. and Paulson Advisers LLC are advancing the Donlin Gold project in Alaska toward becoming the largest gold mine in the United States, following a recent change in ownership and significant investments by Paulson Advisors. Senior leadership, including billionaires John Paulson and Thomas Kaplan, have engaged with Alaska Native Corporations, local residents, and government officials to reinforce collaboration and responsible development. The project is progressing towards an updated Bankable Feasibility Study, with contracts awarded for the preparation of Requests for Proposals and plans to select top-tier engineering firms by late 2025. Discussions are ongoing with natural gas pipeline developers to explore options for supplying natural gas to Southcentral Alaska, which could benefit the project’s infrastructure needs. Donlin Gold has also identified hiring priorities and begun filling critical roles to support development, emphasizing a commitment to inclusivity and sustainable practices. This renewed momentum follows Barrick Gold's exit from the joint venture, leaving Novagold and Paulson as aligned co-owners focused on advancing the project responsibly.