NOVAGOLD's Donlin Gold signs non-binding LOI with Glenfarne for Alaska LNG gas supply

NOVAGOLD RESOURCES INC

Donlin Gold (60% NOVAGOLD, 40% Paulson) signed non-binding LOI with Glenfarne Alaska LNG for up to 50M cf/day natural gas.
LOI covers pipeline from Southcentral Alaska to Donlin Gold mine and power plant development; aims to reduce fuel costs.
Donlin Gold expects to select prime contractor for bankable feasibility study in Q1 2026; proposals received from leading engineering firms.
State of Alaska Supreme Court upheld pipeline right-of-way lease; supplemental environmental review ongoing under FAST-41 program.
Quotes from Paulson, NOVAGOLD CEO, Glenfarne president emphasize potential cost advantages and energy security.

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