Core Viewpoint - NOVAGOLD Resources Inc. has made significant progress in its Donlin Gold project, highlighted by the completion of a transformative acquisition and ongoing exploration activities, positioning the project to potentially become the largest gold mine in the United States [8][9][12]. Financial Results - As of August 31, 2025, NOVAGOLD held approximately $125 million in cash and term deposits, with net third-quarter cash expenditures of $9 million, primarily for the Donlin Gold project [3][4]. - The company reported a net loss of $15.6 million for the third quarter of 2025, translating to earnings per share of ($0.04) [4]. - The total cash equivalents decreased by $235.6 million in the third quarter, mainly due to the completion of the Donlin Gold transaction [32]. Project Developments - The company successfully completed a $1 billion acquisition of Barrick Mining's 50% interest in Donlin Gold, increasing its stake to 60% [6][8]. - A Request for Proposals (RFP) for the Bankable Feasibility Study (BFS) has been issued, with contract selection expected by year-end [19][28]. - The 2025 drill program confirmed consistent mineralization across multiple zones, with standout intervals containing up to 23.49 g/t gold [17][20]. Community Engagement and Environmental Initiatives - NOVAGOLD has engaged with local stakeholders, including hosting site visits for community representatives and government officials [11][20]. - The company has advanced environmental restoration efforts, including habitat restoration projects to support aquatic life [23][24]. Regulatory and Permitting Status - The project has received most federal and state permits, with ongoing support from state agencies in defending its water rights permits and pipeline right-of-way [25][27]. - The company is actively involved in maintaining and defending its permits amid ongoing litigation [26][27]. Future Outlook - The company anticipates awarding the BFS contract and commencing work shortly thereafter, with plans for further exploration to expand resources [28][29]. - NOVAGOLD's share of the Donlin Gold 2025 funding is expected to increase to $24 million due to its increased ownership stake [36].

Group 1 - The price of gold has reached a historic high, currently standing at $3,890 per ounce, leading to a pre-market rise in gold stocks in the US [1] - AngloGold shares increased by over 3%, while Harmony Gold and Kinross Gold saw gains of over 2% [1] - Other companies such as Pan American Silver and Fortuna Silver also experienced pre-market increases of over 1% [1] Group 2 - AngloGold's latest price is $70.33, with a market capitalization of $35.499 billion and a year-to-date increase of 216.85% [2] - DRDGOLD shares are priced at $27.60, with a market cap of $2.385 billion and a year-to-date increase of 226.89% [2] - Kinross Gold's latest price is $24.85, with a market cap of $30.287 billion and a year-to-date increase of 170.31% [2]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest in AI technologies now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a unique investment opportunity, positioned to benefit from the increasing energy demands of AI, owning critical energy infrastructure assets [3][6] - This company is not a chipmaker or cloud platform but is crucial for supplying the energy needed for AI advancements [3][6] Energy Infrastructure - The company is described as a "Toll Booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] - It owns significant nuclear energy infrastructure, making it integral to America's future power strategy and capable of executing large-scale energy projects [7][8] Financial Position - The company is noted for being debt-free and having a substantial cash reserve, equating to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened with debt [8][10] - It also holds a significant equity stake in another AI-related company, providing indirect exposure to multiple growth engines in the AI sector [9][10] Market Perception - Wall Street is beginning to recognize this company as it rides various market tailwinds without the high valuations typical of many energy and utility firms [8][10] - The company is trading at less than 7 times earnings, indicating it is undervalued relative to its potential in the AI and energy sectors [10][11] Future Outlook - The ongoing influx of talent into AI is expected to drive continuous innovation and advancements, reinforcing the importance of investing in AI-related companies [12] - The combination of AI infrastructure needs, energy demands, and favorable market conditions presents a compelling case for investment in this company [14][15]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling even higher, capitalizing on established price movements [1] Company Overview: Novagold (NG) - Novagold currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, Novagold shares increased by 2.37%, while the Zacks Mining - Gold industry rose by 5.47% [5] - In a longer timeframe, Novagold's monthly price change is 20.66%, compared to the industry's 22.48% [5] - Over the last quarter, Novagold shares have surged by 78.92%, and by 69.77% over the past year, significantly outperforming the S&P 500, which increased by 11.05% and 18.96% respectively [6] Trading Volume - The average 20-day trading volume for Novagold is 3,168,344 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for Novagold has increased, while none have decreased, leading to a consensus estimate improvement from -$0.12 to -$0.11 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Novagold is recommended as a stock to watch for potential near-term gains, supported by its 2 (Buy) rating and A Momentum Score [10]

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VANCOUVER, British Columbia, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company” (NYSE American, TSX: NG) will release its 2025 third quarter report before market open on October 1, 2025, followed by a conference call and video webcast to discuss the results at 8:00 am PT (9:00 am MT/11:00 am ET). During the webcast, NOVAGOLD’s Chairman, Dr. Thomas S. Kaplan, and President and Chief Executive Officer, Greg Lang, will provide a comprehensive update on the Company’s 2025 th ...

Financial Data and Key Metrics Changes - The company completed a significant transaction, acquiring Barrick's 50% interest in the Donlin project, resulting in a new ownership structure where NovaGold holds 60% of the project [2][3] - Following the transaction, the company's stock price increased from approximately $2 per share to just under $7 per share, indicating a positive market response [21] Business Line Data and Key Metrics Changes - The Donlin project is highlighted as one of the largest undeveloped gold deposits, with a projected production of about 1.5 million ounces per year for the first five years and an average of 1.4 million ounces per year over ten years [10][13] - The project has a significant cash margin, approaching $3,000 per ounce at current gold prices, which underscores its profitability potential [10] Market Data and Key Metrics Changes - The gold price increase has opened up wide margins for gold producers, enhancing the project's leverage to gold prices [12] - Alaska is noted as a favorable mining jurisdiction, being the second-largest gold-producing state in the U.S., which adds to the project's attractiveness [11][16] Company Strategy and Development Direction - The company aims to update the feasibility study for the Donlin project and move towards a construction decision, with plans to initiate the feasibility study by the end of the year [23][26] - The partnership with Paulson Advisors is seen as a strategic advantage, providing financial backing and expertise to advance the project [4][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the project's potential, citing the removal of uncertainty following the partnership with Paulson, which is expected to lead to a substantial increase in shareholder value [8][9] - The company is optimistic about the future, anticipating that the feasibility study will take 18 months to 2 years, after which a construction decision can be made [26] Other Important Information - The company has completed the federal permitting process and is nearing completion of state permits, with only the Tailings Dam permit remaining [18][19] - The company is actively engaging with major engineering firms to update the feasibility study, indicating a proactive approach to project advancement [23] Q&A Session Summary Question: When does the company expect to reach a construction decision? - Management indicated that the feasibility study will be initiated late this year and is expected to take 18 months to 2 years, allowing for a construction decision thereafter [26]

Precious Metals Summit, Beaver Creek September 9-12, 2025 TSX, NYSE AMERICAN: NG | NOVAGOLD.COM CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS This presentation includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include future-oriented financial information or fina ...

Exceptional Drill Results: Drill results confirm consistent mineralization across multiple zones, including standout intervals up to 23.49 g/t gold, reinforcing Donlin Gold’s position as one of the most significant gold development projects globally.Strategic Resource Conversion: Following the landmark $1 billion transaction with Paulson Advisers LLC (“Paulson”), the 2025 drill program pivoted to focus on conversion of resources and geotechnical work to support the Bankable Feasibility Study (BFS) — bringin ...

Core Viewpoint - NOVAGOLD and Paulson Advisers LLC are advancing the Donlin Gold project in Alaska, focusing on stakeholder engagement and preparing for a Bankable Feasibility Study (BFS) amid a favorable gold market [1][2][3]. Group 1: Project Development and Stakeholder Engagement - A project workshop was held in July 2025 in Alaska, involving key stakeholders and representatives from NOVAGOLD and Paulson, aimed at advancing the Donlin Gold project [1]. - Meetings with local stakeholders, including Calista Corporation and The Kuskokwim Corporation (TKC), emphasized collaboration and the project's commitment to responsible development [2][3]. - The project is expected to produce over one million ounces of gold annually over a 27-year mine life, highlighting its significance as one of the largest gold mines in the U.S. [13]. Group 2: Strategic Planning and Infrastructure - A contract has been awarded to prepare the Request for Proposals (RFP) for the updated BFS, with top-tier engineering firms expected to be selected by Q4 2025 [3][11]. - Discussions with natural gas pipeline developers are ongoing to explore options for delivering natural gas to Southcentral Alaska, which could benefit the Donlin Gold project [10]. - The 2025 drill program has been completed, focusing on converting and expanding reserves, with an additional 3,000 meters approved for geotechnical drilling [12][17]. Group 3: Company Overview and Financial Position - NOVAGOLD is well-financed and focuses on developing the Donlin Gold project, which has approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [13][17]. - The project is regarded as one of the largest and highest-grade open-pit gold deposits globally, with significant potential for future production [13].