NOVAGOLD Q1 net loss $15.4M, cash $392.5M after $294M placement; BFS launched with Fluor

NOVAGOLD RESOURCES INC

Net loss of $15.4M ($0.04 EPS); no revenue as development-stage company.
Cash & term deposits $392.5M, up from $115.1M at Nov 30, 2025 after upsized bought deal private placement netting ~$294M.
Bankable Feasibility Study (BFS) launched with Fluor as lead engineer; completion expected in 2027.
Non-binding LOI signed with Glenfarne to evaluate natural gas supply from Alaska LNG pipeline for mine power.
Alaska Supreme Court oral argument on CWA Section 401 challenge scheduled for April 8, 2026.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOVAGOLD RESOURCES INC reported the fiscal quarter ended February 28, 2026 results: net income ($15.4) million, EPS ($0.04).

Period: the fiscal quarter ended February 28, 2026
Net income: ($15.4) million
EPS: ($0.04)
Result: reported results

Exact text from the filing

Gold project and $5.3 million in corporate general and administrative costs. As NOVAGOLD is a development-stage company with no production, the Company reported earnings of ($15.4) million and earnings per share of ($0.04) for the first fiscal quarter of 2026. NOVAGOLD’s results for the first quarter of 2026 reflect higher expenditures at Donlin Gold due

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Source: SEC EDGAR

accession 0001171843-26-002143

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