NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) is a well-financed precious metals company focused on the development of the federally permitted Donlin Gold project, co-owned 50/50 with Barrick Gold. Donlin Gold offers an unrivaled opportunity for investors seeking leverage to gold and is a unique asset in terms of production profile, mine life, and jurisdictional safety, and is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world.

NOVAGOLD’s robust balance sheet of $113 million in cash and term deposits as of May 31, 2024, should be sufficient to advance Donlin Gold to a construction decision.

Additional current activities at Donlin Gold are focused on permitting, project optimization, community outreach and workforce development in preparation for the construction and operation of this Tier-One asset.