SCHEDULE: FMR LLC Discloses 5.9% Stake in NOVAGOLD RESOURCES

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 5.9% in NOVAGOLD RESOURCES INC, totaling 23,912,548.07 common shares as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively reported beneficial ownership of 23,912,548.07 common shares of NOVAGOLD RESOURCES INC.
• This ownership represents 5.9% of the total outstanding common stock of NOVAGOLD RESOURCES INC.
• The beneficial ownership was determined as of December 31, 2025.
• FMR LLC holds sole voting power over 23,890,019.00 shares and sole dispositive power over 23,912,548.07 shares.
• Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC and a predominant owner of FMR LLC, is deemed to beneficially own the same 23,912,548.07 shares with sole dispositive power.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant stake by a reputable institutional investor like FMR LLC typically signals confidence in the company's value and future prospects, without indicating any intent to influence control.

Positives

• Significant institutional investment from FMR LLC, a major asset manager, indicates confidence in NOVAGOLD RESOURCES INC's long-term prospects.
• The 5.9% stake represents a notable position in the company's equity structure, potentially attracting further institutional interest.

Risks

• No specific risks related to NOVAGOLD RESOURCES INC's operations or financial health are disclosed in this beneficial ownership filing. The filing focuses solely on the ownership structure of FMR LLC and Abigail P. Johnson.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding NOVAGOLD RESOURCES INC's future performance, operational plans, or financial outlook.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities."

Industry Context

StockSavvy.ai notes that the disclosure of a significant stake by a prominent asset manager like FMR LLC in a gold mining company such as NOVAGOLD RESOURCES INC could signal increased institutional interest in the precious metals sector, potentially driven by macroeconomic factors or specific project developments within the company. This level of ownership by a major investment firm often attracts attention from other institutional investors and can be seen as a vote of confidence in the company's long-term prospects.

Comparison to Industry Standards

• This filing does not provide specific comparable companies or projects. However, a 5.9% stake by a major institutional investor like FMR LLC in a resource company such as NOVAGOLD RESOURCES INC is a significant position.
• Such an investment is generally viewed positively within the industry, indicating a belief in the company's asset value, potentially its Donlin Gold project, which aligns with institutional trends of investing in large-scale, long-life gold assets, though specific performance metrics against industry benchmarks are not disclosed here.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership may enhance confidence and potentially attract further institutional investment.
• Investment Community: Provides insight into major institutional holdings, which can influence market sentiment and analysis.

Key Dates

Recommendation

The filing indicates a significant institutional stake by FMR LLC, which is generally a positive signal of investor confidence. However, a Schedule 13G is purely an ownership disclosure and does not provide operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It suggests a 'hold' as it confirms institutional interest without providing new fundamental catalysts for immediate action, but it does provide a positive backdrop.

Keywords

NOVAGOLD RESOURCES INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Gold Mining, Investment Management