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(\"Electrum Strategic\"). Electrum Global Holdings LP. (\"Global Holdings\") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. (\"Global GP\") is the sole general partner of, and The Electrum Group LLC (\"TEG Services\") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC (\"Leopard\") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard. GRAT Holdings LLC is owned by trusts for the benefit of the family of Thomas Scott Kaplan."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."}],"balance_after":92902813,"source":{"system":"sec-edgar","filing":"0000950170-25-068167","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000095017025068167/ownership.xml","form_type":"4"}},{"id":1167226,"issuer":{"id":1348,"kind":"organization","name":"NOVAGOLD RESOURCES INC","symbol":"NG"},"owners":[{"id":79994,"kind":"organization","name":"Electrum Strategic Resources L.P.","position":1,"cik":"0001454795","reported_name":"Electrum Strategic Resources L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":2,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35385,"kind":"person","name":"ELECTRUM GLOBAL HOLDINGS L.P.","position":3,"cik":"0001564994","reported_name":"ELECTRUM GLOBAL HOLDINGS L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35386,"kind":"person","name":"TEG Global GP Ltd.","position":4,"cik":"0001565709","reported_name":"TEG Global GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":79995,"kind":"organization","name":"Leopard Holdings LLC","position":5,"cik":"0001565706","reported_name":"Leopard Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":6,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":7,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants (right to buy)","published_at":"2025-04-23T20:15:11.000Z","date":"2025-04-22","kind":"other","planned":false,"acquired":true,"shares":6375000,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"The warrants were acquired by Electrum Strategic Resources L.P. (\"Electrum Strategic\") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The warrants were acquired by Electrum Strategic Resources L.P. (\"Electrum Strategic\") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Electrum Global Holdings LP. (\"Global Holdings\") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. (\"Global GP\") is the sole general partner of, and The Electrum Group LLC (\"TEG Services\") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC (\"Leopard\") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."}],"balance_after":6375000,"derivative":{"exercise_price":3,"exercise_date":"2025-04-22","expiration_date":"2030-04-22","underlying":"Common Shares","underlying_shares":6375000},"source":{"system":"sec-edgar","filing":"0000950170-25-057383","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000095017025057383/ownership.xml","form_type":"4"}}]}