Key facts
- This page summarizes Electrum Strategic Resources L.P.'s Form 4 filing for NOVAGOLD RESOURCES INC (NG).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 23 Apr 2025, 16:15.
Electrum Strategic Resources L.P. - 22 Apr 2025 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- NG
- Reported as of
- 22 Apr 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 Apr 2025, 16:15:11 UTC
- Next SEC filing
- 09 May 2025
- Source filing
- View source filing
- Reporting owner signature
- ELECTRUM STRATEGIC RESOURCES L.P., By: /s/ Michael H. Williams, Managing Director of Electrum Strategic Management LLC, its General Partner
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Electrum Strategic Resources L.P. filed Form 4 for NOVAGOLD RESOURCES INC (NG) on 23 Apr 2025.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NG
transaction
Derivative
Warrants (right to buy)
Other
- Transaction value
- Shares
- +6,375,000
- Change %
- Price
- Shares after
- 6,375,000
- Date
- 22 Apr 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 6,375,000
- Exercise price
- $3.00
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
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.
Footnote F2
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.
Footnote F3
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.