NOVAGOLD RES INC

Ticker: NG CUSIP: 66987E206 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 47,839 Value ($000) $446 Avg Close $9.27 Range $7.67 - $10.90

Q3 2025

Shares 40,455 Value ($000) $356 Avg Close $6.12 Range $4.07 - $9.06

Q2 2025

Shares 49,079 Value ($000) $201 Avg Close $3.74 Range $2.26 - $5.06

Q1 2024

Shares 16,870 Value ($000) $51 Avg Close $2.82 Range $2.23 - $3.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	47,839	$446	$9.27	$7.67 - $10.90
Q3 2025	40,455	$356	$6.12	$4.07 - $9.06
Q2 2025	49,079	$201	$3.74	$2.26 - $5.06
Q1 2024	16,870	$51	$2.82	$2.23 - $3.89