NOVAGOLD receives $25M milestone payment from Newmont for Galore Creek sale

NOVAGOLD RESOURCES INC

Received $25M from Newmont on July 27, 2023, as third payment under 2018 Galore Creek sale agreement.
Total consideration from Newmont is up to $275M; previous payments: $100M at close, $75M in July 2021.
NOVAGOLD treasury now exceeds ~$125M (incl. ~$109M cash & term deposits as of May 31, 2023).
Funds strengthen balance sheet to advance 50%-owned Donlin Gold project in Alaska.

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