NovaGold Resources Inc. announced the successful completion of its public offering, which included the full exercise of the underwriters' option to purchase an additional 7,177,500 common shares at a price of $3.75 per share. This brings the total number of shares sold in the offering to 55,027,500, generating net proceeds of approximately $195.2 million after expenses. The company plans to use around $25.6 million from these proceeds for general corporate purposes, including expenses related to updating the Donlin Gold Feasibility Study. The offering was managed by Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity, with additional support from National Bank of Canada Financial Markets, Scotiabank, and Morgan Stanley.