NOVAGOLD reports FY2025 results, highlights $1B Donlin Gold transaction and BFS progress

NOVAGOLD RESOURCES INC

Completed $1B transaction to acquire Barrick's 50% interest in Donlin Gold, increasing NOVAGOLD's stake to 60%.
Cash and term deposits of $115.1M; FY2025 net loss of $94.7M ($0.25 EPS) includes $39.6M non-cash warrant charge.
Issued RFP for Bankable Feasibility Study; proposals received, prime contractor expected Q1 2026.
2025 drill program (18,454m) returned high-grade intercepts up to 26.22 g/t gold; 2026 budget of $131.4M (100% basis) approved.
Hired Frank Arcese as Project Director; Alaska Supreme Court affirmed water rights permits for the pipeline ROW.

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