NOVAGOLD Q1 net loss $9.1M; cash $93M; Donlin Gold drilling underway

NOVAGOLD RESOURCES INC

Cash and term deposits $93M as of Feb 28, 2025; net cash spend $8.3M in Q1.
Net loss of $9.1M ($0.03 EPS) reflecting development-stage spending in line with budget.
Donlin Gold 2025 field program started; ~15,000m of drilling planned, 3 rigs active.
FY2025 cash expenditure budget $37.5M ($21.5M Donlin, $16M G&A); funded for ~2 years.
Permit litigation: oral argument on federal 404 permit remedy scheduled April 14, 2025.

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