NOVAGOLD RESOURCES INC.

NOVAGOLD RESOURCES INC. (often referred to as NOVAGOLD) is a precious metals company primarily engaged in the exploration and development of gold mineral properties. The company's core business is centered on advancing the Donlin Gold project in Alaska, which it aims to develop into one of the world's largest gold mines. Headquartered in Vancouver, British Columbia, Canada, NOVAGOLD positions itself as a pure-play gold company dedicated to responsible mining practices, environmental stewardship, and collaboration with local communities.

NOVAGOLD's primary asset is its 60% ownership interest in the Donlin Gold project, located in the Kuskokwim Gold Belt of Southwest Alaska. The Donlin Gold project is recognized for its significant scale and high-grade gold deposits, with approximately 40 million ounces of gold in Measured and Indicated Mineral Resources. The company's activities focus on the exploration and development necessary to bring this project to production, rather than operating multiple producing mines.

Recent developments include the awarding of engineering contracts to WSP, Worley, and Hatch in February 2026 for key infrastructure and unit operations as part of the Bankable Feasibility Study (BFS) for Donlin Gold, with Fluor selected to lead the BFS. In January 2026, NOVAGOLD completed an upsized bought deal financing, raising US$310 million. A significant event in June 2025 saw NOVAGOLD and Paulson Advisers complete a $1 billion acquisition of Barrick Mining's 50% interest in Donlin Gold, increasing NOVAGOLD's stake to 60%. The company's leadership includes Greg Lang as President and CEO, and Dr. Thomas Kaplan as Chairman of the Board. NOVAGOLD remains a pre-production gold developer, funding its activities primarily through equity financings and asset sales.