Electrum Strategic Resources L.P. - May 9, 2025 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
10%+ Owner
Signature
ELECTRUM STRATEGIC RESOURCES L.P., By: /s/ Michael H. Williams, Managing Director of Electrum Strategic Management LLC, its General Partner
Stock symbol
NG
Transactions as of
May 9, 2025
Transactions value $
$50,000,003
Form type
4
Date filed
5/9/2025, 04:49 PM
Previous filing
Apr 23, 2025
SEC
View on sec.gov

Reporting Owners (7)

Name Relationship Address Signature Signature date CIK
Electrum Strategic Resources L.P. 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK ELECTRUM STRATEGIC RESOURCES L.P., By: /s/ Michael H. Williams, Managing Director of Electrum Strategic Management LLC, its General Partner 2025-05-09 0001454795
Electrum Group LLC 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK THE ELECTRUM GROUP LLC, By: /s/ Michael H. Williams, Senior Managing Director 2025-05-09 0001565641
ELECTRUM GLOBAL HOLDINGS L.P. 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK ELECTRUM GLOBAL HOLDINGS L.P., By: /s/ Andrew M. Shapiro, Director of TEG Global GP Ltd., its General Partner 2025-05-09 0001564994
TEG Global GP Ltd. 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK TEG GLOBAL GP LTD., By: /s/ Andrew M. Shapiro, Director 2025-05-09 0001565709
Leopard Holdings LLC 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK LEOPARD HOLDINGS LLC, By: /s/ Andrew M. Shapiro, President 2025-05-09 0001565706
GRAT Holdings LLC 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK GRAT HOLDINGS LLC, By: /s/ Thomas S. Kaplan, Co-Chief Executive Officer 2025-05-09 0001565707
KAPLAN THOMAS SCOTT Director, 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK /s/ Thomas Scott Kaplan 2025-05-09 0001124803

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Purchase $50M +13.3M +16.76% $3.75 92.9M May 9, 2025 Direct F1, F2
holding NG Common Shares 5.29M May 9, 2025 Direct F2, F3
holding NG Common Shares 11.7K May 9, 2025 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Shares of the Issuer owned directly by Electrum Strategic Resources L.P. ("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.
F2 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.
F3 Represents Common Shares of the Issuer owned directly by GRAT Holdings LLC. GRAT Holdings LLC is owned by trusts for the benefit of the family of Thomas Scott Kaplan.
F4 Represents Common Shares of the Issuer owned directly by Thomas Scott Kaplan.