NovaGold Resources’ Donlin Gold LLC Signs a Non-Binding Natural Gas LOI with Glenfarne Alaska LNG

Group 1 - NovaGold Resources Inc. (NYSE:NG) is rated a Buy by all five analysts covering the stock, with a median price target of $12.50, indicating a potential upside of approximately 24% as of January 9 [1] - Over the past six months, NovaGold shares have increased by over 127% [1] - The company holds a 60% stake in Donlin Gold LLC, which has signed a non-binding Letter of Intent (LOI) with Glenfarne Alaska LNG for a natural gas and power supply arrangement for the Donlin Gold mine project [2][4] Group 2 - The LOI states that Glenfarne Alaska will supply up to 50 million cubic feet of natural gas per day to support the development and construction of the Donlin Gold pipeline [3] - The pipeline will connect Southcentral Alaska to the mine site, providing electricity to the mine [3] - NovaGold's President and CEO, Greg Lang, highlighted the advantages of using natural gas from Alaska LNG, including reduced fuel costs and optimized logistics [3] Group 3 - The companies have obtained primary state and federal permits for the pipeline route, and a supplemental environmental review is currently underway [3] - Donlin Gold is also working on its Bankable Feasibility Study, with contractor selection expected in the first half of 2026 [3]