Novagold Resources Inc. has appointed Endeavour Financial and Macquarie Capital to provide financial advisory services and structure project and infrastructure financing for the Donlin Gold project in Alaska.

Under the mandate, the financial advisors will evaluate funding alternatives, coordinate engagement with potential financiers, and execute a structured project financing strategy alongside the completion of the Bankable Feasibility Study (BFS). The advisors will assist with due diligence and provide tailored advice as the project progresses toward a final investment decision. The process will review conventional project and infrastructure finance, agency-supported mining finance, export credit agencies, and alternative capital sources to optimize the overall funding mix while preserving long-term shareholder value.

Novagold entered into definitive agreements on July 22, 2026, to acquire Paulson Advisers' 40% stake in Donlin Gold to consolidate 100% ownership into NovaGold Corporation. That acquisition is expected to close in the fourth quarter of 2026, subject to court clearance, regulatory approvals, and shareholder approval.

“We are pleased to appoint Endeavour and Macquarie to support our project financing efforts. Their combined expertise in structuring large-scale, agency-supported financings will be instrumental as we evaluate funding alternatives and advance a disciplined financing strategy for Donlin Gold. As we progress toward completion of the BFS, this work will support our readiness for a final investment decision and position the project to advance in a thoughtful and value-focused manner through the next phase of development.” — Greg Lang, President and CEO

Read the full announcement: NOVAGOLD & Paulson Announce the Appointment of Endeavour Financial and Macquarie Capital as Financial Advisors to the Donlin Gold Project