NOVAGOLD Q2 net loss $0.15/sh; closes $1B Donlin Gold stake increase to 60%

NOVAGOLD RESOURCES INC

Net loss of $54.3M ($0.15/sh) includes $39.6M non-cash warrant charge; cash expenditures $8.3M.
Acquired additional 10% interest in Donlin Gold for $1B, raising stake to 60%; partner Paulson holds 40%.
Raised ~$234M net via public offering and private placement; overallotment added ~$26M in Q3.
Held $319M cash at May 31; pro-forma post-transaction $136M after paying for acquisition.
Drill program: 8,401m completed of 15,000m; Alaska Supreme Court decisions on water rights permits expected in 2025.

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