NovaGold reports Q3 EPS (4c) vs. (3c) last year

CEO Gregory Long said, “With the new ownership structure in place and the project’s future in focus, we are building excellent momentum as we enter the next phase of development to maximize Donlin Gold’s value proposition and exceptional leverage to gold. Our near-term catalysts include awarding the BFS contract before year-end and commencing the work shortly thereafter. We also anticipate releasing additional results from the 2025 drilling program in the coming months and embarking on an exploration program to access additional resources and identify new district-wide targets. Meanwhile, we are already gearing up to be pre-positioned to engage in discussions with various financing sources. To support these critical activities, hiring priorities have been identified and recruitment for key roles at Donlin Gold are underway. Concurrently, we continue to assist State permitting efforts and to engage proactively with government representatives. Stakeholder outreach and investment initiatives across Alaska remain ongoing, as close cooperation with Alaska Native Corporation landowners shall continue to inform all stages of development, construction, and operation. We are steadfastly committed to transparent communication and look forward to sharing updates on major milestones in the months ahead. In closing, allow me to take this opportunity to express our management team’s sincere gratitude for the extraordinary support and loyalty that we have experienced throughout this most catalytic sequence – from existing and new shareholders to the investment community, stakeholders, and banks. The last six months broadened awareness of NOVAGOLD (NG) to new levels. And while we did not need any encouragement, this exceptional breakthrough considerably strengthened our passion to pursue the Company’s goals with reinvigorated determination. Reflecting on this pivotal period, I wish to express my heartfelt appreciation to the entire NOVAGOLD team, our Chairman, and the Board of Directors. Their unwavering dedication, insightful leadership, and diligent efforts were instrumental in successfully completing the Donlin Gold transaction and associated capital raising initiatives. With this foundation firmly in place, we are excited to move forward in partnership with our allies at Paulson to advance the Donlin Gold project – and to do so at flank speed.”