- A total of 275,809,182 or 82.41% of the Company&s issued and outstanding shares were represented at the Meeting
- All three proposals to shareholders were approved, including the election of all director nominees
- During the 2025 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 89.92% of the Company&s issued and outstanding common shares entitled to vote
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD& or the “Company&) (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 15, 2025 (the “Meeting&). All proposals were approved and all director nominees were elected. A total of 275,809,182 or 82.41% of the Company&s issued and outstanding shares were represented at the Meeting.
Shareholder Engagement
During this year&s proxy outreach, NOVAGOLD placed calls to shareholders owning 50,000-plus shares who collectively hold approximately 89.92% of the Company&s issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company&s governance and compensation practices.
Shareholder Voting Results
The shareholders voted on the following matters at this year&s Meeting:
Proposal 1 – Election of Directors
The nominees listed in NOVAGOLD&s Management Information Circular were elected as Directors of the Company. Detailed results of the votes are set out below:
| Proposal 1 | Outcome of the
Vote |
Votes by Ballot | |
| Election of Directors | Votes For | Votes Withheld | |
| Dr. Elaine Dorward-King | Carried | 239,986,738
(93.96%) |
15,404,215
(6.03%) |
| Dr. Diane Garrett | Carried | 254,240,686
(99.54%) |
1,150,267
(0.45%) |
| Dr. Thomas Kaplan | Carried | 253,729,241
(99.34%) |
1,661,712
(0.65%) |
| Hume Kyle | Carried | 253,542,768
(99.27%) |
1,848,185
(0.72%) |
| Gregory Lang | Carried | 254,727,047
(99.74%) |
663,906
(0.25%) |
| Kalidas Madhavpeddi | Carried | 217,206,485
85.04% |
38,184,468
(14.95%) |
| Kevin McArthur | Carried | 251,050,731
(98.30%) |
4,340,222
(1.69%) |
| Daniel Muñiz-Quintanilla | Carried | 240,152,210
(94.03%) |
15,238,743
(5.96%) |
| Ethan Schutt | Carried | 254,459,505
(99.63%) |
931,448
(0.36%) |
| Dawn Whitaker | Carried | 250,162,356
(97.95%) |
5,228,597
(2.04%) |
Proposal 2 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by ballot were as follows:
| Votes For | 270,813,418 | 98.18% |
| Votes Withheld | 4,995,764 | 1.81% |
Proposal 3 – Advisory Approval of Executive Compensation (“Say-on-Pay&)
The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows:
| Votes For | 180,443,860 | 70.65% |
| Votes Against | 73,007,164 | 28.58% |
| Abstentions | 1,939,929 | 0.75% |
Full details of all proposals are fully described in the Company&s Management Information Circular dated March 24, 2025 available on the Company&s website at www.novagold.com/investors/mic/, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov, and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR+ and in the 8-K filed on EDGAR.
The Annual General Meeting of Shareholders webcast and corporate presentation are available on NOVAGOLD&s website under Presentations.
NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Corporate Communications
Frank Gagnon
Manager, Investor Relations
1-604-669-6227 or 1-866-669-6227
