Robust Treasury of Roughly $106 Million in Money and Time period Deposits
NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Firm”) (NYSE American, TSX: NG) right now launched its 2024 third quarter monetary outcomes and offered an replace on its Tier One 1 gold improvement mission, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Company (“Barrick”).
Particulars of the monetary outcomes for the quarter ended August 31, 2024, are offered within the consolidated monetary statements and quarterly report filed on Kind 10-Q on October 2, 2024, obtainable on the Firm’s web site at www.novagold.com, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov. All quantities are in U.S. {dollars} until in any other case said.
Within the third quarter of 2024, the next milestones have been achieved:
- Donlin Gold actions included:
- Metallurgical check work (pilot plant) to substantiate flowsheet optimizations superior with completion anticipated by year-end.
- Submission of the vast majority of the Dam Security Certification preliminary design packages to the Alaska Division of Pure Assets (ADNR) on June 17, 2024, with the ultimate paperwork anticipated to be submitted by year-end. Feedback from ADNR are anticipated to be obtained in 2025.
- Up to date useful resource modelling by the Donlin Gold crew and a third-party guide nearing completion.
- Incorporation of subject and geochemical information to replace groundwater and floor water fashions for operational and closure planning.
- Subsequent to the third quarter, NOVAGOLD and Barrick held a Donlin Gold workshop in Alaska to evaluate the substantial work accomplished to this point and to debate subsequent steps for the Donlin Gold mission and associated actions for 2025.
- In collaboration with Calista Company (“Calista”) and The Kuskokwim Company (TKC), Donlin Gold achieved important milestones in training, well being and security, cultural preservation, and environmental initiatives that embrace:
- Hosted Crooked Creek and Georgetown residents on a tour of the Donlin Gold mission.
- Participated in a public Open Home in Anchorage, offering Alaskans with the chance to be taught extra concerning the mission and have interaction in open and clear discussions.
- Sponsored the RurAL CAP Elder Mentor Program, connecting youth with Elders in Alaska and fostering the sharing of values and information between generations.
- Elevated collaboration with the Alaska College Actions Affiliation, a statewide nonprofit group devoted to the event of excessive school-level athletic, tutorial, and advantageous arts applications throughout the State.
- NOVAGOLD reported the next:
- Appointment of Peter Adamek, a seasoned monetary government with over 20 years of expertise, because the Firm’s new Vice President and Chief Monetary Officer.
- NOVAGOLD maintains a powerful monetary place to proceed to advance the Donlin Gold mission up the worth chain, with a wholesome treasury of $105.6 million in money and time period deposits as of August 31, 2024.
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1 NOVAGOLD defines a Tier One gold improvement mission as one with a projected manufacturing lifetime of at the very least 10 years, annual projected manufacturing of at the very least 500,000 ounces of gold, and common projected money prices over the manufacturing life which might be within the decrease half of the trade price curve.
President’s Message
Centered on Finalizing Key Venture Actions to Drive the Donlin Gold Venture Growth
Throughout the third quarter of 2024, Donlin Gold superior key actions to place the mission to replace technical work and value estimates. Our dedication to a collaborative and inclusive method continues to profit all shareholders and stakeholders.
Principal actions included the development of metallurgical check work at a pilot plant in Ontario, Canada to substantiate proposed optimizations to the flowsheet (with completion anticipated by year-end), in addition to up to date useful resource modelling by the Donlin Gold crew and a third-party guide that can also be nearing completion. As well as, latest Donlin Gold subject information was used to replace groundwater and floor water fashions, whereas geochemical information assortment continues and can be used for closure planning. Our work on the Dam Security Certification continues to progress with the vast majority of the preliminary design packages submitted to the ADNR on June 17, 2024, with remaining paperwork anticipated to be submitted by year-end. Feedback from the ADNR on the Dam Security Certification preliminary design packages are anticipated in 2025.
These complete efforts have delivered extremely precious insights for the Donlin Gold LLC Board and its homeowners. Guiding our technique for the Donlin Gold mission and its 2025 initiatives, these actions have been reviewed at our newest workshop in Alaska with Barrick and can contribute important information for advancing Donlin Gold. NOVAGOLD is dedicated to advancing the mission with a give attention to monetary prudence, engineering excellence, environmental duty, and a powerful security tradition.
Our outreach in Alaska, significantly within the Yukon-Kuskokwim (Y-Ok) area, and in Washington, D.C., has strengthened neighborhood engagement and reinforces the mission’s social license. The Firm appreciates the diligent contributions of the Donlin Gold crew, companions, and stakeholders, and stays devoted to growing the mission to its full potential. With $105.6 million in money and time period deposits as of August 31, 2024, NOVAGOLD is well-positioned to assist this effort.
We have been more than happy to announce Peter Adamek’s appointment because the Firm’s new Vice President and Chief Monetary Officer within the third quarter. Peter is a seasoned monetary government with over 20 years of expertise, most not too long ago with Hudbay Minerals Inc. He joins a management crew that has persistently demonstrated diligence and accountable capital stewardship whereas enhancing worth and upholding sturdy shareholder engagement.
Ongoing Engagement with Stakeholders and Authorities to Improve Donlin Gold’s Social License
In collaboration with Calista and TKC, the mineral and floor rights holders, Donlin Gold LLC has made important strides in area people and authorities engagement throughout the Y-Ok area, Alaska, and Washington, D.C. Strategically positioned on personal land designated by regulation for mineral improvement below the Alaska Native Claims Settlement Act of 1971, the Donlin Gold mission enjoys deep involvement with Native Companies, strengthening our connections with individuals from the area and native authorities our bodies.
Our enduring partnerships with Calista and TKC have been essential in advancing the mission’s improvement and allowing efforts. Over many years, our dedication to participating with the 62 stakeholder communities within the Y-Ok area has constructed significant relationships, enhanced funding, and bolstered our social license. This longstanding dedication underscores the method of the Donlin Gold mission and its companions, Calista and TKC, to foster sturdy relationships with each native communities and governmental entities constructed on belief, transparency, respect and partnership.
In July, Donlin Gold hosted a mission website tour for a bunch of residents from Crooked Creek and the Native Village of Georgetown.
In August, Calista, TKC, and Donlin Gold hosted a public Open Home in Anchorage, offering Alaskans with the chance to be taught extra concerning the mission and to interact in open and clear discussions. NOVAGOLD was in attendance to take part, work together, and have interaction with key stakeholders.
These are simply two examples of the numerous engagements Donlin Gold prioritizes to boost consciousness and keep transparency across the mission.
Sustained Assist and Participation in Native Neighborhood and Environmental Initiatives All through the Y-Ok Area
NOVAGOLD stays deeply dedicated to neighborhood and social duty, upholding shared values on the Donlin Gold mission website and inside the Y-Ok area. By means of initiatives spanning training, neighborhood wellness, cultural preservation, and environmental stewardship, we assist fisheries research, environmental actions, subsistence, cultural preservation efforts, and numerous grants. Our collaboration with Calista and TKC has pushed a variety of actions and initiatives over the previous quarter.
Since mid-2023, NOVAGOLD and Donlin Gold have intensified efforts with our Alaska Native Company companions to observe, survey and have interaction within the dialogue on salmon fisheries within the Kuskokwim and Yukon River watersheds. Within the third quarter, we targeted on figuring out alternatives to observe, consider, and strengthen salmon populations. Notably, we launched a salmon smolt monitoring program on the George River, a tributary of the Kuskokwim River, in partnership with the Village of Napaimute to evaluate smolt well being and migration patterns.
As well as, Donlin Gold and NOVAGOLD have supported the “In It for The Lengthy Haul” backhaul program for seven years now, gathering and safely disposing of family hazardous and digital waste from Y-Ok villages. This 12 months alone, roughly 140,000 kilos of fabric have been recycled, for a formidable whole of roughly 803,000 kilos of hazardous supplies faraway from the Y-Ok area because the program started in 2018.
Donlin Gold’s partnership with the Crooked Creek Conventional Council has supported the Summer season Youth Employment program, offering native youth with hands-on expertise in numerous work environments whereas additionally aiding Elders. Within the third quarter, Donlin Gold continued sponsoring the RurAL CAP Elder Mentor Program, which connects youth with Elders to foster intergenerational information and assist tutorial engagement and college readiness throughout the State. Donlin Gold additionally shipped dictionaries to all college districts within the Y-Ok area for third graders as a part of The Dictionary Venture, a nationwide effort to advertise literacy and artistic thinkers, a mission they’ve participated in yearly since 2012.
Donlin Gold has additionally reaffirmed its dedication to the Alaska College Actions Affiliation, supporting excessive school-level athletic, tutorial, and advantageous arts applications statewide. Donlin Gold’s ongoing monetary contributions spotlight our steadfast dedication to enhancing academic and extracurricular alternatives for college kids all through Alaska.
NOVAGOLD stays dedicated to stakeholder engagement and neighborhood improvement working intently with Tribal communities and Alaska Native Companies to establish wants and collaboratively develop options that improve and uplift communities, fostering sustainable development and shared prosperity for future generations.
Proactively Defending and Upholding Present State and Federal Permits and Working to Safe Remaining Key State Permits
Donlin Gold, in collaboration with Calista, actively helps Federal and State companies in defending the mission’s permits in opposition to authorized challenges — a technique that has confirmed extremely efficient in sustaining allow approvals to this point. The intricate allowing course of in the USA and Alaska calls for years of devoted, clear, and inclusive efforts to interact all stakeholders, together with these from the Y-Ok area. With a profound understanding of the regulatory panorama, Donlin Gold and its companions are dedicated to supporting Federal and State companies by any challenges to the mission’s permits and at the moment are concentrating on securing the remaining State-level permits and certificates wanted for the mission’s development. Whereas sustaining jurisdictional security presents challenges, significantly as laws fluctuate throughout areas, the State of Alaska stands out as a secure and dependable funding setting. Because the second-largest gold-producing state in one of many world’s most secure international locations without spending a dime enterprise 2 , Alaska presents traders stability and certainty that their belongings will stay safe. This makes the rigorous allowing course of a worthwhile endeavor in an more and more advanced world.
Earthjustice filed their opening temporary with the Alaska Superior Courtroom on January 5, 2024, interesting the Alaska Division of Environmental Conservation Commissioner’s resolution upholding the 401 Water High quality Certification. The briefing is full and oral arguments have been held on August 30, 2024. A call is anticipated from the Alaska Superior Courtroom by 2025.
In different State litigation, following an unsuccessful enchantment to the ADNR Commissioner, Earthjustice filed their opening temporary with the Alaska Supreme Courtroom on January 4, 2024, interesting the Alaska Superior Courtroom’s resolution on Donlin Gold’s water rights permits. Moreover, briefing on Earthjustice’s enchantment of the Alaska Superior Courtroom affirmation of ADNR’s issuance of the State pipeline Proper-of-Means (ROW) lease to the Alaska Supreme Courtroom was accomplished in February 2024. Oral arguments for each the water rights permits and the State pipeline ROW are scheduled for November 12, 2024.
Within the Federal litigation difficult the Donlin Gold Joint File of Determination, together with the 404 allow and ROW for parts of the pipeline crossing federal lands, the Courtroom issued a call on September 30, 2024. The choice upheld the federal companies’ evaluation on two of the three points raised within the litigation, however agreed with the plaintiffs that the federal companies took too slender a view in analyzing the affect of a theoretical launch from the tailing storage facility. The Courtroom requested supplemental briefing on the suitable treatment for addressing this subject, which is due October 21, 2024, and response briefing is due November 4, 2024. Donlin Gold is dedicated to working with the federal companies and all stakeholders on an applicable treatment to deal with the Courtroom’s resolution .
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2 Per the 2024 Mineral Commodity Summaries Report – https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-gold.pdf .
Devoted to Advancing Donlin Gold for the Good thing about All Shareholders and Stakeholders
NOVAGOLD strongly believes that the Donlin Gold mission represents a compelling funding alternative within the gold market, particularly amidst the shortage of high-quality belongings in safe jurisdictions and the gold value not too long ago reaching an all-time excessive. Located in Alaska — a well-established mining vacation spot — Donlin Gold holds important potential. The mission boasts roughly 39 million ounces of gold at a grade of two.24 grams per tonne in Measured and Indicated Mineral Assets, inclusive of Confirmed and Possible Mineral Reserves 3 . This sturdy asset, with a projected mine lifetime of 27 years and common annual gold manufacturing in extra of one million ounces per 12 months, isn’t solely projected to be a low-cost, open-pit producer, however it additionally presents exploration upside — extending past the at present outlined useful resource areas, which symbolize lower than half of the presently recognized eight-kilometer mineralized pattern.
Advancing Donlin Gold by its successive improvement phases responsibly and successfully stays our prime precedence. Since 2012, NOVAGOLD has enhanced the mission’s worth with out further fairness issuances, underscoring our dedication to strategic development and worth creation. Within the present macro setting, characterised by advanced and risky market situations, Donlin Gold stands out as a uncommon and actually distinctive “Tier 1 Asset” positioned in one of many world’s prime mining jurisdictions. With its spectacular profile, low-cost construction, and substantial exploration potential, Donlin Gold is properly positioned to change into probably the greatest gold improvement initiatives which epitomizes each stability and alternative.
These quite a few accomplishments mirror the laborious work and diligence of our whole crew — from managing Donlin Gold operations to participating with State and Federal companies, conducting research, and reaching out to communities throughout an enormous area. Our environmental, academic, and social initiatives additional underscore our longstanding and real dedication. We prolong our heartfelt due to our colleagues and companions at Donlin Gold, Calista, TKC, and NOVAGOLD, in addition to to our Board of Administrators for his or her unwavering efforts and collaboration. We stay as dedicated as ever to advancing the Donlin Gold mission safely and responsibly, with a transparent give attention to creating substantial worth.
We deeply recognize the unwavering assist and belief of our long-term shareholders, whose dedication and steering have been instrumental to the Firm’s success. The outstanding dedication of those esteemed traders, which embrace a number of the most revered names within the funding neighborhood, constitutes the cornerstone of our progress. We deeply worth their resolution to put money into our firm in addition to their fixed and insightful engagement. As custodians of NOVAGOLD, we stay resolutely targeted on executing our technique and advancing the Donlin Gold mission with the best requirements of security and social duty. Our paramount goal is to boost shareholder and stakeholder worth, echoing each the boldness and conviction that our shareholders have positioned in us.
Sincerely,
Gregory A. Lang
President & CEO
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3 Donlin Gold information as per the report titled “NI 43-101 Technical Report on the Donlin Gold Venture, Alaska, USA” with an efficient date of June 1, 2021 (the “2021 Technical Report”) and the report titled “S-Ok 1300 Technical Report Abstract on the Donlin Gold Venture, Alaska, USA” (the “S-Ok 1300 Technical Report Abstract”), dated November 30, 2021. Donlin Gold possesses Measured Assets of roughly 8 Mt grading 2.52 g/t and Indicated Assets of roughly 534 Mt grading 2.24 g/t, every on a 100% foundation and inclusive of Mineral Reserves, of which roughly 4 Mt of Measured Assets and roughly 267 Mt of Indicated Assets inclusive of Reserves is attributable to NOVAGOLD by its 50% possession curiosity in Donlin Gold LLC. Unique of Mineral Reserves, Donlin Gold possesses Measured Assets of roughly 1 Mt grading 2.23 g/t and Indicated Assets of roughly 69 Mt grading 2.44 g/t, of which roughly 0.5 Mt of Measured Assets and roughly 35 Mt of Indicated Assets unique of Mineral Reserves is attributable to NOVAGOLD. Donlin Gold possesses Confirmed Reserves of roughly 8 Mt grading 2.32 g/t and Possible Reserves of roughly 497 Mt grading 2.08 g/t, every on a 100% foundation, of which roughly 4 Mt of Confirmed Reserves and roughly 249 Mt of Possible Reserves is attributable to NOVAGOLD. Mineral Reserves and Assets have been estimated in accordance with NI 43-101 and S-Ok 1300.
Monetary Outcomes
in 1000’s of U.S. {dollars}, apart from per share quantities
Three months ended August 31, 2024 $ |
Three months ended August 31, 2023 $ |
9 months ended August 31, 2024 $ |
9 months ended August 31, 2023 $ |
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Common and administrative expense ( 1) | 5,120 | 5,243 | 18,982 | 16,385 | ||||
Share of losses – Donlin Gold | 2,814 | 3,978 | 9,765 | 15,996 | ||||
Whole working bills | 7,934 | 9,221 | 28,747 | 32,381 | ||||
Loss from operations | (7,934) | (9,221) | (28,747) | (32,381) | ||||
Curiosity expense on promissory word | (3,833) | (3,433) | (11,132) | (9,589) | ||||
Curiosity and dividend revenue | 1,194 | 1,501 | 4,265 | 4,180 | ||||
Different revenue, internet | (14) | (66) | 1,708 | 904 | ||||
Accretion of notes receivable | — | 145 | — | 579 | ||||
Revenue tax expense | (156) | — | (855) | (75) | ||||
Web loss | (10,743) | (11,074) | (34,761) | (36,382) | ||||
Web Loss per share, fundamental and diluted | (0.03) | (0.03) | (0.11) | (0.11) | ||||
At | At | |||||||
August 31, 2024 $ |
November 30, 2023 $ |
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Money and time period deposits | 105,572 | 125,749 | ||||||
Whole belongings | 114,731 | 133,290 | ||||||
Whole liabilities | 152,540 | 141,513 |
(1) Consists of share-based compensation expense of $515 and $2,225 within the third quarter of 2024 and 2023, respectively, and $5,319 and $6,526 within the first 9 months of 2024 and 2023, respectively.
Within the third quarter of 2024, internet loss decreased by $331 from the comparable prior 12 months interval. The lower was primarily as a consequence of decrease stock-based compensation expense associated to forfeiture of choices and efficiency share models and decrease subject bills at Donlin Gold partially offset by greater common and administrative prices, elevated curiosity expense on the promissory word and decrease curiosity revenue on money and time period deposits. Donlin Gold bills have been decrease with lowered website exercise in 2024, in comparison with fieldwork and geotechnical drilling for the Alaska Dam Security certificates and hydrological drilling to assist mine planning and design in 2023. Common and administrative bills elevated primarily as a consequence of greater skilled charges and worker compensation. Skilled charges elevated as a consequence of consulting charges primarily associated to ongoing efforts to boost the worth of the Donlin Gold mission by evaluating options to additional advance the mission. Salaries and advantages elevated primarily as a consequence of hiring of further workers. Revenue tax expense pertains to passive revenue taxable in Canada on a portion of curiosity revenue earned by U.S. subsidiaries, and for withholding taxes on the sale of the San Roque mission in Argentina in the course of the first quarter of 2024.
Liquidity and Capital Assets
Within the third quarter and first 9 months of 2024, money equivalents decreased by $6,996 and $177, respectively, primarily as a consequence of Donlin Gold funding and company common and administrative prices, partially offset by curiosity revenue on money and proceeds from time period deposits. The rise in money utilized in working actions within the third quarter and first 9 months of 2024 from the comparable prior 12 months durations was primarily as a consequence of elevated company common and administrative prices and a internet change in working capital. Funding necessities for Donlin Gold have been considerably decrease within the first 9 months of 2024 than the comparable prior 12 months interval.
2024 Outlook
Our anticipated money expenditures in fiscal 12 months 2024 proceed to be roughly $31,200, together with $14,250 to fund the Donlin Gold mission, and $16,950 for company common and administrative prices.
NOVAGOLD’s major objectives in 2024 embrace persevering with to advance the Donlin Gold mission towards a building resolution; sustaining assist for Donlin Gold among the many mission’s stakeholders; selling a powerful tradition on security, sustainability, and the setting; sustaining a good fame of NOVAGOLD; and preserving a wholesome stability sheet. Our operations primarily relate to the supply of mission milestones, together with the achievement of assorted technical, environmental, sustainable improvement, financial and authorized goals, acquiring crucial permits, completion of pre-feasibility and feasibility research, preparation of engineering designs and the financing to fund these goals.
Convention Name & Webcast Particulars
NOVAGOLD’s convention name and webcast to debate these outcomes will happen on October 3, 2024, at 8:00 am PT (11:00 am ET). The webcast and convention call-in particulars are offered beneath.
About NOVAGOLD
NOVAGOLD is a well-financed treasured metals firm, solely targeted on the accountable and sustainable improvement of its flagship Donlin Gold mission in Alaska, one of many most secure mining jurisdictions on the earth 4 . The Donlin Gold mission, in equal partnership with Barrick, is positioned to be one of many world’s largest gold mines, with roughly 39 million ounces of gold within the Measured and Indicated Mineral Useful resource (541 million tonnes at a mean grade of roughly 2.24 grams per tonne, on a 100% foundation) 5 classes, inclusive of Confirmed and Possible Mineral Reserves. In response to the 2021 Technical Report and the S-Ok 1300 Technical Report Abstract (each as outlined in footnote 3) Donlin Gold is predicted to provide a mean of roughly a million ounces of gold over a 27-year mine life on a 100% foundation. There’s substantial exploration potential past the designed footprint of the Donlin Gold open pit, which at present covers three kilometers of an roughly eight-kilometer-long gold-bearing pattern. Present actions on the Donlin Gold mission give attention to state allowing, engineering research, neighborhood and authorities engagement, and different environmental, academic and cultural initiatives in preparation for the eventual building and operation of this mission. With a strong stability sheet, NOVAGOLD is properly positioned to finance its share of present actions.
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4 Per Mining Journal intelligence – World Danger Report 2023 Alaska obtained an AA ranking, ranks quantity 3 globally on the Funding Danger index and is within the prime quartile for low-risk in every class (Authorized, Governance, Social, Fiscal and Infrastructure).
5 Donlin Gold information as per the 2021 Technical Report and the S-Ok 1300 Technical Report Abstract. Please see footnote 3 above.
NOVAGOLD Contact:
Mélanie Hennessey
Vice President, Company Communications
604-669-6227 or 1-866-669-6227
Cautionary Notice Relating to Ahead-Wanting Statements
This media launch contains sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) inside the that means of relevant securities laws, together with the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are often, however not all the time, recognized by phrases reminiscent of “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “attainable”, and related expressions, or statements that occasions, situations, or outcomes “will”, “could”, “might”, “would” or “ought to” happen or be achieved. Ahead-looking statements are essentially based mostly on a number of opinions, estimates and assumptions that administration of NOVAGOLD thought-about applicable and cheap as of the date such statements are made, are topic to identified and unknown dangers, uncertainties, assumptions, and different components which will trigger the precise outcomes, exercise, efficiency, or achievements to be materially totally different from these expressed or implied by such forward-looking statements. All statements, apart from statements of historic truth, included herein are forward-looking statements. These forward-looking statements embrace statements concerning the anticipated timing of sure judicial and/or administrative choices; the 2024 outlook; the timing and potential for commencing a brand new feasibility research on the Donlin Gold mission; our objectives and expenditures for 2024; ongoing assist offered to key stakeholders together with Native Company companions; Donlin Gold’s continued assist for the state and federal allowing course of; sufficiency of working capital; the potential improvement and building of the Donlin Gold mission; the sufficiency of funds to proceed to advance improvement of Donlin Gold, together with to a building resolution; perceived advantage of properties; mineral reserve and mineral useful resource estimates; Donlin Gold’s capability to safe the permits wanted to assemble and function the Donlin Gold mission in a well timed method, if in any respect; authorized challenges to Donlin Gold’s current permits and the timing of choices in these challenges; whether or not the Donlin Gold LLC board will proceed to advance the Donlin Gold mission safely, socially responsibly and to generate worth for our stakeholders; continued cooperation between the homeowners of Donlin Gold LLC to advance the mission; the Firm’s capability to ship on its technique with the Donlin Gold mission, growing shareholder and stakeholder wealth; the success of the strategic mine plan for the Donlin Gold mission; the success of the Donlin Gold neighborhood relations plan; the result of exploration drilling on the Donlin Gold mission and the timing thereof; the completion of check work and modeling and the timing thereof. As well as, any statements that check with expectations, intentions, projections or different characterizations of future occasions or circumstances are forward-looking statements. Ahead-looking statements usually are not historic information however as a substitute symbolize the expectations of NOVAGOLD administration’s estimates and projections concerning future occasions or circumstances on the date the statements are made. Essential components that might trigger precise outcomes to vary materially from expectations embrace the necessity to acquire further permits and governmental approvals; the timing and probability of acquiring and sustaining permits essential to assemble and function; the necessity for added financing to discover and develop properties and availability of financing within the debt and capital markets; illness pandemics; uncertainties concerned within the interpretation of drill outcomes and geological checks and the estimation of reserves and sources; modifications in mineral manufacturing efficiency, exploitation and exploration successes; modifications in nationwide and native authorities laws, taxation, controls or laws and/or modifications within the administration of legal guidelines, insurance policies and practices, expropriation or nationalization of property and political or financial developments in the USA or Canada; the necessity for continued cooperation between Barrick and NOVAGOLD for the continued exploration, improvement and eventual building of the Donlin Gold property; the necessity for added capital if NOVAGOLD decided to proceed with an up to date feasibility research by itself; the necessity for cooperation of presidency companies and Native teams within the improvement and operation of properties; dangers of building and mining initiatives reminiscent of accidents, gear breakdowns, dangerous climate, illness pandemics, non-compliance with environmental and allow necessities, unanticipated variation in geological buildings, ore grades or restoration charges; surprising price will increase, which might embrace important will increase in estimated capital and working prices; fluctuations in metallic costs and forex alternate charges; whether or not or when a constructive building resolution can be made concerning the Donlin Gold mission; and different dangers and uncertainties disclosed in NOVAGOLD’s most up-to-date stories on Types 10-Ok and 10-Q, significantly the “Danger Components” sections of these stories and different paperwork filed by NOVAGOLD with relevant securities regulatory authorities every so often. Copies of those filings could also be obtained by visiting NOVAGOLD’s web site at www.novagold.com, or the SEC’s web site at www.sec.gov, or on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained herein mirror the beliefs, opinions and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they alter, besides as required by regulation.