Focus Remains on Environmental Protections and Cultural Values
April 22, 2025
(Anchorage, Alaska) – Calista Corporation issued the following statement upon today’s announcement about a planned ownership change for the Donlin Gold Project, in which one of the project’s equal partners will become a majority owner:
“At Calista, we have a generational mindset toward the proposed Donlin Gold Project. Our priority is supporting Shareholders by protecting our land, our traditional way of life, and by promoting economic opportunities that benefit our people. One of the ways we accomplish this is by sustainable development of our natural resources, and this is why we support the Donlin Gold Project,” said Andrew Guy, Calista Corp. President/CEO.
Guy continued, “Our land is central to our lives and has been so for generations. After Elders and leaders selected the Donlin area in the 1970s for potential development, the first thing early Calista and Tribal leaders did was wait. We waited for about 20 years before signing any exploration agreements. We continue to strongly believe in the value of Calista’s oversight and the solid science behind Alaska’s industry-leading regulations surrounding resource development.”
Following earlier announcements today, NovaGold will be the majority owner in the project and a new partnership will form with one of the project’s major investors, Paulson Advisers, LLC acquiring a 40 percent interest.
###
Calista Corporation has over 38,400 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: defense contracting, construction, real estate, environmental services, natural resource development, marine transportation, oilfield services, and heavy equipment sales, service and rentals. Since inception, Calista has declared more than $160.1 million in dividends and distributions, including $12.4 million in Elders’ Benefit Program distributions to Shareholders. Since 1994, Calista Education and Culture has provided more than $6.6 million in scholarships to Calista Shareholders and Descendants. Calista can be found on Facebook (www.facebook.com/CalistaCorporation), YouTube (www.youtube.com/calistacorp) and Instagram (www.instagram.com/calistacorp).