# EDGAR Filing Document

**Accession Number:** 0001599814
**File Stem:** 0000930413-25-003429
**Filing Date:** 2025-11
**Character Count:** 11967
**Document Hash:** c21501fef13467a39ff4a213cfdd2bb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-25-003429.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000930413-25-003429

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NOVAGOLD RESOURCES INC
- **CENTRAL INDEX KEY:** 0001173420
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-80075
- **FILM NUMBER:** 251476462

**BUSINESS ADDRESS:**
- **STREET 1:** 201 SOUTH MAIN
- **STREET 2:** SUITE 400
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84111
- **BUSINESS PHONE:** 801-449-9328

**MAIL ADDRESS:**
- **STREET 1:** 201 SOUTH MAIN
- **STREET 2:** SUITE 400
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84111
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kopernik Global Investors, LLC
- **CENTRAL INDEX KEY:** 0001599814

**ORGANIZATION NAME:**
- **EIN:** 462760679
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** TWO HARBOUR PLACE, 302 KNIGHTS RUN AVE.
- **STREET 2:** SUITE 1225
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** 813-314-6127

**MAIL ADDRESS:**
- **STREET 1:** TWO HARBOUR PLACE, 302 KNIGHTS RUN AVE.
- **STREET 2:** SUITE 1225
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** Novagold Resources Inc.

**Title of Class of Securities:** Common Shares, no par value

**CUSIP Number:** 66987E206

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Kopernik Global Investors, LLC | Names of Reporting Persons<br>Kopernik Global Investors, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>22754680.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>24003695.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>24003695.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>24003695.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.81% | Percent of Class Represented by Amount in Row (9)<br>5.81% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** "Shared Dispositive Power" and "Aggregate amount beneficially owned by each reporting person" includes 6,375,000 Common Shares that Kopernik Global Investors, LLC has the right to acquire pursuant to warrants.

"Percentage of class represented by amount in Row (11)" is based on 413,301,988 Common Shares outstanding which is the sum of (i) 406,926,988 Common Shares outstanding as set forth in the Issuer's Form 10-Q for the fiscal quarter ended August 31, 2025 filed with the Securities and Exchange Commission on October 01, 2025 and (ii) 6,375,00 Common Shares issuable upon the exercise of the warrants.

---

| 1. | Names of Reporting Persons<br>David B. Iben | Names of Reporting Persons<br>David B. Iben |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>22754680.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>24003695.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>24003695.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>24003695.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.81% | Percent of Class Represented by Amount in Row (9)<br>5.81% |
| 12. | Type of Reporting Person (See Instructions)<br>HC | Type of Reporting Person (See Instructions)<br>HC |

**Comment for Type of Reporting Person:** "Shared Dispositive Power" and "Aggregate amount beneficially owned by each reporting person" includes 6,375,000 Common Shares that Kopernik Global Investors, LLC has the right to acquire pursuant to warrants.

"Percentage of class represented by amount in Row (11)" is based on 413,301,988 Common Shares outstanding which is the sum of (i) 406,926,988 Common Shares outstanding as set forth in the Issuer's Form 10-Q for the fiscal quarter ended August 31, 2025 filed with the Securities and Exchange Commission on October 01, 2025 and (ii) 6,375,00 Common Shares issuable upon the exercise of the warrants.

---

**Item 1(a). Name of Issuer:**
Novagold Resources Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
201 South Main Street, Suite 400, Salt Lake City, Utah

**Item 2(a). Name of Person Filing:**
This Schedule 13G is jointly filed by Kopernik Global Investors, LLC ("Kopernik Global Investors") and David B. Iben (collectively, the "Reporting Persons"). Kopernik Global Investors is an investment adviser. Mr. Iben is the controlling member and Chief Investment Officer of Kopernik Global Investors.

**Item 2(b). Address of Principal Business Office:**
2502 N Rocky Point Drive, Suite 300
Tampa, FL 33607

**Item 2(c). Citizenship:**
Kopernik Global Investors is a limited liability company organized under the laws of Delaware. Mr. Iben is a citizen of the United States of America.

**Item 2(d). Title of Class of Securities:**
Common Shares, no par value

**Item 2(e). CUSIP Number:**
66987E206

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

The Reporting Persons beneficially own, in the aggregate, 24,003,695 Common Shares. None of the securities are held by the Reporting Persons. The filing of this statement shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any of the securities covered by this Schedule 13G for any other purpose.

**(b) Percent of class:**

The number of Common Shares beneficially owned by the Reporting Persons represents 5.81% of the Issuer's outstanding Common Shares based on 406,926,988 common shares outstanding as set forth in the Issuer's Form 10-Q for the fiscal quarter ended August 31, 2025 filed with the Securities and Exchange Commission on October 01, 2025, and 6,375,000 warrants.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

22,754,680

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

24,003,695

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Securities reported on this Schedule 13G are beneficially owned by investment advisory clients which may include investment companies registered under the Investment Company Act and/or other separately managed accounts. No such person beneficially owns over 5%.

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Kopernik Global Investors, LLC**

**Date:** 11/13/2025

**By:** /s/ Sarah L. Bertrand

**Name & Title:** Sarah L. Bertrand General Counsel and Chief Compliance Officer

**David B. Iben**

**Date:** 11/13/2025

**By:** /s/ David B. Iben by Sarah L. Bertrand, power of attorney

**Name & Title:** David B. Iben by Sarah L. Bertrand, power of attorney